SKYX Platforms (SKYX Platforms) Gross Margin % : 29.91% (As of Dec. 2023)

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What is SKYX Platforms Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SKYX Platforms's Gross Profit for the three months ended in Dec. 2023 was $6.63 Mil. SKYX Platforms's Revenue for the three months ended in Dec. 2023 was $22.17 Mil. Therefore, SKYX Platforms's Gross Margin % for the quarter that ended in Dec. 2023 was 29.91%.

The historical rank and industry rank for SKYX Platforms's Gross Margin % or its related term are showing as below:

SKYX' s Gross Margin % Range Over the Past 10 Years
Min: -104.65 Med: 14.14 Max: 40.63
Current: 30.68

During the past 9 years, the highest Gross Margin % of SKYX Platforms was 40.63%. The lowest was -104.65%. And the median was 14.14%.

SKYX's Gross Margin % is ranked better than
61.69% of 2934 companies
in the Industrial Products industry
Industry Median: 26.36 vs SKYX: 30.68

SKYX Platforms had a gross margin of 29.91% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for SKYX Platforms was 0.00% per year.

SKYX Platforms Gross Margin % Historical Data

The historical data trend for SKYX Platforms's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SKYX Platforms Gross Margin % Chart

SKYX Platforms Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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17.15

-94.96

-104.65

40.63

30.68

SKYX Platforms Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															88.89	90.00	31.33	30.99	29.91

Competitive Comparison of SKYX Platforms's Gross Margin %

For the Electrical Equipment & Parts subindustry, SKYX Platforms's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SKYX Platforms's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SKYX Platforms's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SKYX Platforms's Gross Margin % falls into.

SKYX Platforms Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

SKYX Platforms's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	18	/	58.786
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(58.786 - 40.75)	/	58.786
	=	30.68 %

SKYX Platforms's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6.6	/	22.174
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(22.174 - 15.542)	/	22.174
	=	29.91 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

SKYX Platforms (NAS:SKYX) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

SKYX Platforms had a gross margin of 29.91% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

SKYX Platforms Gross Margin % Related Terms

Thank you for viewing the detailed overview of SKYX Platforms's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

SKYX Platforms (SKYX Platforms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKYX Platforms Corp (NAS:SKYX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2855 West McNab Road, Pompano Beach, FL, USA, 33069

Website

https://www.skyplug.com/

SKYX Platforms Corp operates in the business of developing proprietary technology that enables a quick and safe installation of electrical fixtures, such as light fixtures and ceiling fans. The company's technology consists of a weight bearing, 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 nonconductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug is also comprised of a nonconductive 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 Company generates its income from the United States.

Executives

John P. Campi	officer: Chief Executive Officer	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Ran Roland Kohen	director, 10 percent owner	20735 NE 32 PL, AVENTURA FL 33180
Dov Shiff	director, 10 percent owner	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Steven Mark Schmidt	officer: President	36 S. PENNSYLVANIA STREET, SUITE 500, INDIANAPOLIS IN 46204
Nancy Dimattia	director	C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Marc Andre Boisseau	officer: Chief Financial Officer	1650 OAKBROOK DRIVE, NORCROSS GA 30093
Patricia Ann Barron	officer: Chief Operations Officer	4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Gary N Golden	director	C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022
Greenstein Brayer Efrat L	director	C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022
Mark J Wells	officer: President	1219 WEST 67TH STREET, CLEVELAND OH 44102
Leonard J Sokolow	director	REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102
Thomas J Ridge	director	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Phillips S. Peter	director	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Montek 7 Sql Llc	10 percent owner	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022