SKYX Platforms: Still Plugged In Despite The Delays

Bjorn Zonneveld, CFA 1.44K Followers Follow Summary SKYX Platforms continues to show revenue acceleration, with H1 up 9.7% YoY, marking its 10th consecutive quarter of growth. Supply timelines for construction projects have slipped, and unit economics remain somewhat opaque, with derived revenue per unit ranging from $30-$100. Gross margins fell in Q2, and management's path to sustainable cash flow positivity by year-end remains unconvincing given current burn rates. Physical store presence is improving, but the Gen 3 all-in-one platform faces delays; monitoring smart product revenue share and NEC standardization is critical. sturti/E+ via Getty Images In April I wrote my last article on SKYX Platforms ( SKYX ), just before the company came out with its Q1 earnings. Since then the company has published both Q1 and Q2, announced new deals, and updated This article was written by Bjorn Zonneveld, CFA 1.44K Followers Follow I'm a CFA charterholder focused on competitive advantage and capital allocation. I write almost exclusively about companies I own, have owned, or am underwriting for a future position.My portfolio runs on two tracks. The first is dividend growers: established businesses with proven moats and management teams that have earned the right to compound my capital. These provide the ballast. The second is small caps, where I take concentrated positions on specific structural themes. Here the moat is usually still forming rather than proven, and I'm underwriting whether the advantage entrenches before the runway runs out. Some of these won't work. That's priced into how I size them and into a holding period measured in years, not quarters.What I try to give readers is the actual underwriting: what has to go right, what would break the thesis, and what I'd pay. Analyst’s Disclosure: I/we have a beneficial long position in the shares of SKYX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.