Latest news with #revenue growth
Globe and Mail
13 hours ago
- Business
- Globe and Mail
SKYX Pre-Announces Record Second Quarter 2025 Revenues of $23.1 Million Compared to First Quarter Revenues of $20.1 Million, as it Continues to Grow Market Penetration
SKYX Revenues Increased in 6 Consecutive Quarters from Q1 2024 Through Q2 2025 with $19M in Q1/24, 21.4M in Q2/24, $22.2M in Q3/24, $23.7M in Q4/24, $20.1M in Q1/25, and $23.1M in Q2/25 Company Expects Its Products to Be in 40,000 Units/Homes by The End of Q2 2025 in the U.S and Canada Through Retail and Pro Segments SKYX Continues to Leverage its Cash Position Through its E-Commerce Platform of 60 Websites among Other Methods Including Support from Strategic Investors and Insiders SKYX Management Expects Upcoming Product Launches, Including Smart Heater Fans, to Drive Path to Cash Flow Positivity in 2025 As The Company Continues to Grow Market Penetration Through the Razor and the Blades Model, SKYX's Technologies Provide Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, Monitoring and Subscriptions MIAMI, July 31, 2025 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) ('SKYX' or the 'Company'), a highly disruptive smart home platform technology company with over 97 issued and pending patents globally and a growing portfolio of over 60 lighting and home décor websites, with a mission to make homes and buildings become smart, safe, and advanced as the new standard, today announced record pre-audited financial results for the second quarter ended June 30, 2025, with revenues of $23.1 million, compared to $20.1 million in the first quarter of 2025. SKYX achieved 6 consistent quarters with revenue growth from first quarter 2024 through second quarter 2025, reporting: $19 million in the first quarter 2024 $21.4 million in the second quarter 2024 $22.2 million in the third quarter 2024 $23.7 million in the fourth quarter 2024 $20.1 million in the first quarter 2025 $23.1 million in the second quarter 2025 Rani Kohen, Founder/Inventor and Executive Chairman of SKYX Platforms, said: 'We are extremely proud to report record second-quarter revenues as we continue to build on six straight quarters of growth. Our expanding presence across retail and pro channels, supported by our e-commerce platform and innovative technologies, positions us to redefine the smart home standard. We remain focused on scaling our footprint and unlocking long-term value through recurring revenue opportunities.' To view SKYX's technologies in action, click here: Link to video. About SKYX Platforms Corp. As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at or follow us on LinkedIn. Forward-Looking Statements Certain statements made in this press release are not based on historical facts but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as 'aim,' 'anticipate,' 'believe,' 'can,' 'could,' 'continue,' 'estimate,' 'expect,' 'evaluate,' 'forecast,' 'guidance,' 'intend,' 'likely,' 'may,' 'might,' 'objective,' 'ongoing,' 'outlook,' 'plan,' 'potential,' 'predict,' 'probable,' 'project,' 'seek,' 'should,' 'target' 'view,' 'will,' or 'would,' or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company's reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company's efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company's ability to capture market share; the Company's estimates of its potential addressable market and demand for its products and technologies; the Company's ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company's ability to continue as a going concern; the Company's ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company's products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company's current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company's ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company's actual operating results; the potential impact of unstable market and economic conditions on the Company's business, financial condition, and stock price; and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.
Reuters
a day ago
- Business
- Reuters
Schneider Electric confirms 2025 outlook as data centres drive growth
July 31 (Reuters) - French electrical equipment maker Schneider Electric ( opens new tab confirmed its 2025 outlook on Thursday after reporting second-quarter revenue growth, buoyed by continued strong demand for its data centre offering. Revenues were up 8.3% organically to 10.01 billion euros ($11.43 billion). That compared with estimates of 9.99 billion and 7.5% organic growth in a company-compiled consensus. Revenues at its energy management business rose 10% organically. The company confirmed its implied 2025 adjusted earnings before interest, taxes and amortization (EBITA) margin of between around 18.7% and 19%, compared with an estimate of 18.8%. The guidance included the impact of trade tariffs enacted or announced to-date, the company said. The group, which has been benefiting from a shift toward electrification and heavy investment in data centres, said that the overall environment in data center segment continued to be very strong, with sales growing double-digit in the quarter. It added that it saw good traction for its cooling offers, including for liquid cooling at its recently acquired U.S. company Motivair. Schneider noted that demand at its non-residential segment remains strong, but its "relatively smaller" residential buildings segment continued to see a decline in demand. All of its four regions reported growth in the quarter, Schneider said. Revenues in North America, which is its biggest market accounting for 38% of its second-quarter revenue, grew 12.5% organically. The company has more than 20 factories and distribution centers across the U.S., including facilities in Texas, Ohio, Missouri, North Carolina. ($1 = 0.8758 euros)
Yahoo
a day ago
- Business
- Yahoo
Akbank TAS (IST:AKBNK) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid Margin ...
Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Akbank TAS (IST:AKBNK) reported a 3% year-on-year increase in net income for the first half, reaching 24,852 million, with an ROE of 20.1% and ROA of 1.8%. Revenues increased by 39% year-on-year to 96,828 million, driven by a robust 60% growth in fee income. The bank maintained a strong capital and liquidity position, with capital levels and liquidity providing flexibility and optionality. Akbank TAS achieved a superior fee to operating expense ratio, with fees covering 100% of costs in the second quarter. The bank's securities portfolio grew by 15% year-to-date, with a focus on long-duration, high-yielding securities, supporting margin resilience. Negative Points The anticipated margin expansion was postponed due to a sharp rise in funding costs, leading to a revision of full-year guidance. Net interest margin guidance was revised downward due to unexpected monetary tightening and a pause in the rate cut cycle. The bank's Turkish time deposit market share fell short due to funding optimization and regulation-driven low loan-to-deposit ratios. The swap-adjusted net interest margin contracted by 35 basis points in the second quarter, reaching around 2%. Elevated reserve requirements continued to pressure margin evolution, with reserve requirements making up a significant portion of assets. Q & A Highlights Warning! GuruFocus has detected 6 Warning Sign with IST:AKBNK. Q: Do you expect deposit rates to decline broadly in line with the rate, or are you assuming a more limited adjustment at the system level to mitigate the risk of dollarization? A: Hi, David. This is Turkar. After recent rate cuts, we've been able to reflect these cuts in our marginal pricing. Currently, marginal deposits are priced around 42-43%. We expect to mostly reflect future rate cuts to our deposit costs, especially with our broadened small ticket deposit base, which provides flexibility in repricing. Q: Given the updated macro assumptions, where do you now see the peak net interest margin (NIM) and when do you expect to reach that level? A: We initially expected the exit NIM to be around 6% by the end of this year. However, under current macro assumptions, it might reach 5-5.5% in the fourth quarter. If macro trends continue, we might see the peak NIM in the first or second quarter of next year, potentially around 6%. Q: Could you share the approximate share of fixed rate instruments in your AFS securities book and the mark-to-market sensitivity? A: On the securities front, 70% of Turkish fixed bonds are in the AFS portfolio, which equates to around 25% of total securities. A 100 basis points rate movement has about a 9 basis points impact on the capital adequacy ratio. Q: When do you expect the central bank to start lowering the reference rate, which affects interchange fees? A: Hi, this is Turk. The interchange fee rates have remained unchanged even after previous rate cuts. We might see adjustments in the upcoming NPC meeting in September, but for most of this year, it has supported our fee income. Any future adjustments will likely have a negligible impact due to increasing volumes. Q: Your tax expense this quarter is very low. Can you provide guidance on the effective tax rate for the full year? A: The low effective tax rate this quarter was due to reversals of excess corporate tax accruals and indexing within inflation accounting. This low rate is unique to this quarter, and we expect the third quarter to return to first-quarter levels. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
South China Morning Post
2 days ago
- Automotive
- South China Morning Post
CATL posts 34% profit growth, defying weak global EV demand and geopolitical uncertainties
The company's net profit rose 34 per cent year on year to 16.5 billion yuan (US$2.3 billion) in the three months to June, beating market estimates. That was up from a 32.9 per cent increase in the March quarter. Second-quarter revenue grew 8.3 per cent to 94.2 billion yuan, following a 6.2 per cent gain in the previous quarter, according to a Hong Kong stock exchange filing on Wednesday. CATL's battery materials and recycling business showed a 26.42 per cent increase in gross margin, more than triple the number a year ago, according to the filing. This increase contributed to a 1.57 percentage point rise in the overall gross profit margin. The strong results go against weak global demand for EVs and declining battery prices, as economic and geopolitical uncertainties saw consumers become hesitant to make significant purchases. A fierce domestic price war also continues to rage in mainland China, the world's largest EV market. Still, CATL's gross profit margin in its core power battery business fell 22.41 per cent in the first half, down from 23.48 per cent a year earlier.
Yahoo
6 days ago
- Business
- Yahoo
MakeMyTrip Limited (MMYT): A Bull Case Theory
We came across a bullish thesis on MakeMyTrip Limited on Stock Analysis Compilation's Substack. In this article, we will summarize the bulls' thesis on MMYT. MakeMyTrip Limited's share was trading at $101.62 as of July 24th. MMYT's trailing P/E were 118.49 according to Yahoo Finance. MakeMyTrip is India's leading online travel agency (OTA), often seen as the of India, leveraging an asset-light, cash-generative internet platform that connects over 80 million customers with hotels, alternative accommodations, and transport options, including flights, trains, buses, and cars. Operating in a young but rapidly growing market, the company benefits from strong brand equity and entrenched scale advantages, underpinned by its extensive network. India's travel sector is set to expand significantly, driven by rising disposable incomes, a growing middle class, and accelerating smartphone penetration, all of which position MakeMyTrip for sustained top-line growth. The company is targeting approximately 20% annual revenue growth, supported by continuous improvements to its network and technology infrastructure. This growth, combined with operational efficiencies, is expected to drive steady margin expansion and position the company to deliver earnings growth in the range of 25%. MakeMyTrip's model remains highly cash-generative, enabling reinvestment into its platform while maintaining a disciplined capital structure. With its dominant market position, brand strength, and scalable business model, the company stands to consolidate its leadership in India's online travel ecosystem. The structural tailwinds of increasing digital adoption and consumer demand for flexible, convenient travel solutions reinforce the long-term investment case. Given its robust fundamentals, attractive growth trajectory, and margin expansion potential, MakeMyTrip offers investors an opportunity to participate in the sustained digital transformation of India's travel industry, with significant upside supported by both network effects and favorable secular trends. Previously, we covered a bullish thesis on Group Limited (TCOM) by Acid Investments in February 2025, which highlighted its reinvestment strategy, strong international growth, and leverage to the global travel rebound. The company's stock price has appreciated by approximately 12.83% since our coverage, as demand remained resilient. Stock Analysis Compilation shares a similar view but emphasizes MakeMyTrip's leadership in India's expanding online travel market supported by network effects. MakeMyTrip Limited is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held MMYT at the end of the first quarter which was 28 in the previous quarter. While we acknowledge the potential of MMYT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Sign in to access your portfolio
