Sep. 10 at 8:17 PM
$SKYX Interesting reaction to what we see as a very good deal over at
$SKYX. Congrats to the team!
The rebound makes sense to us. Plugging into 50 homebuilders, including
$DHI and
$TOL alone is quite the feat.
Combined Pro Forma 2025 Rev of ~
$118M.
On the call they mentioned it was high margin (we assume gross) - let's assume corp avg 30%, would be another ~+
$8M in GM $ vs
$8M of standalone 2025 SKYX cash burn...that additional GM$ is going to get you pretty close to CF breakeven pro forma.
No numbers, but significant synergies are expected - we assume both revenue and cost. Looks like 2027 should be nicely profitable for the business, and let's not forget to layer in the turbo fans going into winter