We are a company engaged in the business of developing proprietary technology that enables a quick and safe installation of electronics, such as light fixtures and ceiling fans, into ceiling and wall electrical junction boxes by the use of a weight-bearing power plug. Our patented technology consists of a fixable socket and a revolving plug for conducting electric power and supporting an electrical appliance attached to a wall or ceiling. The socket is comprised of a non-conductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug, also comprised of a non-conductive body that houses corresponding conductive rings, attaches to the socket via a male post and is capable of feeding electric power to an appliance. The plug also includes a second structural element allowing it to revolve with a releasable latching which, when engaged, provides a retention force between the socket and the plug to prevent disengagement. The socket and plug can be detached by releasing the latch, disengaging the electric power from the plug. The socket is designed to replace the support bar incorporated in electric junction boxes, and the plug can be installed in light fixtures, ceiling fans, wall sconce fixtures and other electrical devices. Once installed, the socket can remain affixed to the junction box, enabling any electronic fixture installed with the plug to be connected and/or removed in seconds. The combined socket and plug technology is referred to throughout this prospectus as “the SQL Technology”.
Company profile
Ticker
SKYX
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SQL Technologies Corp., Safety Quick Lighting & Fans Corp.
SEC CIK
Corporate docs
Subsidiaries
SQL Lighting & Fans, LLC • Sky Technology LLC • Belami, Inc. • Luna BEC, Inc. • BEC CA 1, Inc. • BEC CA 2, LLC • Confero Group, LLC ...
IRS number
463645414
SKYX stock data
Latest filings (excl ownership)
D
$1.00 mm in debt, sold $1.00 mm, 1 investor
17 Apr 24
8-K
Entry into a Material Definitive Agreement
17 Apr 24
D
$515.75 k in equity, sold $515.75 k, 2 investors
5 Apr 24
D
$650.00 k in debt, sold $650.00 k, 3 investors
5 Apr 24
D
$3.12 mm in debt, sold $3.12 mm, 3 investors
5 Apr 24
10-K
2023 FY
Annual report
1 Apr 24
8-K
Results of Operations and Financial Condition
1 Apr 24
8-K
Entry into a Material Definitive Agreement
8 Dec 23
D
$100.00 k in equity, sold $100.00 k, 1 investor
17 Nov 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 17 | Dec 16 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 22.11 mm | 22.11 mm | 22.11 mm | 22.11 mm | 22.11 mm | 22.11 mm |
Cash burn (monthly) | 528.35 k | (no burn) | 2.17 mm | 2.54 mm | 1.15 mm | 1.18 mm |
Cash used (since last report) | 3.50 mm | n/a | 14.39 mm | 16.84 mm | 7.61 mm | 7.84 mm |
Cash remaining | 18.61 mm | n/a | 7.72 mm | 5.27 mm | 14.50 mm | 14.28 mm |
Runway (months of cash) | 35.2 | n/a | 3.6 | 2.1 | 12.6 | 12.1 |
Institutional ownership, Q2 2023
27.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 56 |
Opened positions | 25 |
Closed positions | 12 |
Increased positions | 15 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 23.58 bn |
Total shares | 27.00 mm |
Total puts | 124.70 k |
Total calls | 13.30 k |
Total put/call ratio | 9.4 |
Largest owners | Shares | Value |
---|---|---|
Shiff Dov | 10.86 mm | $34.63 mm |
Motek 7 SQL | 6.12 mm | $0.00 |
BLK Blackrock | 3.03 mm | $8.07 bn |
Vanguard | 2.14 mm | $5.69 bn |
Siegelaub Steven | 1.02 mm | $3.24 mm |
Geode Capital Management | 983.61 k | $2.62 bn |
STT State Street | 857.08 k | $2.28 bn |
NTRS Northern Trust | 458.78 k | $1.22 bn |
BK Bank Of New York Mellon | 148.53 k | $395.09 mm |
Charles Schwab Investment Management | 146.78 k | $390.43 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Apr 24 | Marc Andre Boisseau | Common Stock, no par value | Payment of exercise | Dispose F | No | No | 1.08 | 17,860 | 19.29 k | 115,110 |
4 Apr 24 | DiMattia Nancy | Common Stock, no par value | Grant | Acquire A | No | No | 0 | 26,500 | 0.00 | 84,770 |
4 Apr 24 | DiMattia Nancy | Stock Option Common Stock, no par value | Grant | Acquire A | No | No | 1.09 | 26,500 | 28.89 k | 26,500 |
4 Apr 24 | Gary N Golden | Common Stock, no par value | Grant | Acquire A | No | No | 0 | 18,000 | 0.00 | 46,000 |
4 Apr 24 | Gary N Golden | Stock Option Common Stock, no par value | Grant | Acquire A | No | No | 1.09 | 18,000 | 19.62 k | 18,000 |
4 Apr 24 | Brayer Efrat L Greenstein | Common Stock, no par value | Grant | Acquire A | No | No | 0 | 16,000 | 0.00 | 41,000 |
4 Apr 24 | Brayer Efrat L Greenstein | Stock Option Common Stock, no par value | Grant | Acquire A | No | No | 1.09 | 16,000 | 17.44 k | 16,000 |
4 Apr 24 | Shiff Dov | Common Stock, no par value | Grant | Acquire A | No | No | 0 | 5,000 | 0.00 | 1,463,529 |
4 Apr 24 | Shiff Dov | Stock Option Common Stock, no par value | Grant | Acquire A | No | No | 1.09 | 5,000 | 5.45 k | 5,000 |
News
12 Industrials Stocks Moving In Wednesday's Pre-Market Session
10 Apr 24
SKYX Announces Issuance Of 8 Additional New Patents In The U.S. And International Including China, Europe And 2 Patents In India, For Its Advanced, Smart Home And AI Platform Technologies
4 Apr 24
12 Industrials Stocks Moving In Tuesday's Pre-Market Session
2 Apr 24
SKYX Platforms Q4 EPS $(0.14) Misses $(0.08) Estimate, Sales $22.17M Beat $21.12M Estimate
2 Apr 24
12 Industrials Stocks Moving In Monday's After-Market Session
1 Apr 24
Press releases
SKYX Announces Issuance of 8 Additional New Patents in the U.S. and International including China, Europe and 2 Patents in India, for its Advanced, Smart Home and AI Platform Technologies
4 Apr 24
SKYX Reports Record Sales of $58.8 Million for 2023 and Fourth Quarter Record Sales of $22.2 Million as it Continues to Enhance its Market Penetration for Both Retail and Pro Segments
1 Apr 24
Four Stocks Set to Gain With The Rise of AI (SKYX, MBLY, SOUN, NVDA)
11 Mar 24
Four Stocks Set to Gain With The Rise of AI
11 Mar 24
4 Top Stocks For The AI Revolution (SKYX, MBLY, SOUN, NVDA)
8 Mar 24