SKYX Platforms Stock Price, News & Analysis

SKYX (NASDAQ: SKYX) signed an agreement with Global Ventures Group to deploy SKYX smart home and building technologies across Middle East residential, commercial, and hotel projects, including Saudi Arabia and Egypt. The company expects to supply hundreds of thousands of units and reach tens of thousands of homes and hotel rooms, with recurring revenue potential from monitoring, subscriptions, and AI services. SKYX highlights its global IP portfolio of 100+ pending and issued patents and over 60 lighting and home décor websites.

SKYX (NASDAQ: SKYX) will present at the LD Micro Main Event XIX on Monday, October 20, 2025 at 9:30 AM PT at the Hotel del Coronado in San Diego, California. Founder and Executive Chairman Rani Kohen and CEO Lenny Sokolow will deliver the presentation and participate in one-on-one investor meetings.

The three-day conference runs October 19–21, 2025, features about 120 companies presenting in half-hour slots, and concludes with a closing reception. Interested parties can register to watch the virtual presentation here.

SKYX (NASDAQ: SKYX) provided a corporate update on Oct 9, 2025 announcing an additional $3.25 million investment in September and cumulative strategic investments of $15 million over the past year. Cash and equivalents were $15.7 million as of June 30, 2025. Management reported six consecutive comparable quarters of revenue growth through Q2 2025 and Q2 gross profit of $7.0 million with gross margin of 30.3%. Net cash used in operating activities fell sequentially to $2.0 million in Q2 2025. SKYX highlighted manufacturing partnerships, major builder and retail collaborations, and expected deployments including >10,000 units to a 278-unit Austin project and >500,000 units to a $3 billion Miami development. Management expects to be cash-flow positive by end of 2025.

SKYX Platforms Corp. (NASDAQ: SKYX) has announced a significant supply agreement with Landmark Companies for a 278-apartment project in Austin, Texas. SKYX will provide over 10,000 units of its advanced smart plug & play technologies, including ceiling lighting, recessed lights, downlights, wall lights, EXIT signs, and emergency lights.

The project, located in the Austin Manor area, will feature various amenities including swimming pools, a gym, and modern conference facilities. Landmark Companies, with 27 years of experience and over 3,000 units in development across Texas, Florida, and Colorado, plans to expand collaboration with SKYX on future projects.

SKYX Platforms (NASDAQ: SKYX) successfully demonstrated its advanced plug & play technologies during a renovation at a Marriott SpringHill Suites Hotel. The demonstration showcased the company's smart lighting solutions including ceiling lighting, recessed lights, downlights, wall lights, EXIT and emergency lights, and plug-in LED backlight mirrors.

The demonstration validated significant safety improvements, time savings, and cost savings during the hotel renovation process. With major hotel chains typically requiring renovations every 7 years, SKYX expects its technologies to be implemented in additional Marriott properties and other hotel brands, representing a significant market opportunity.

SKYX Platforms Corp. (NASDAQ: SKYX) reported strong Q2 2025 financial results with record revenues of $23.1 million, a 15% increase from Q1 2025's $20.1 million. The company improved its cash position to $15.7 million as of June 30, 2025, up from $12.3 million in Q1. Gross profit increased 23% sequentially to $7 million, with margins improving to 30.3%.

Key developments include a major collaboration with a $3 billion Miami smart city project expected to require over 500,000 units of SKYX's smart home technologies. The company secured $15 million in financing led by The Shaner Group, with significant insider participation. SKYX continues expanding its market presence through partnerships with Home Depot, Wayfair, and major lighting manufacturers, while operating an e-commerce platform of 60 websites.

The company reduced its net cash used in operations by 54% to $2.0 million in Q2 2025 compared to Q1, and expects to achieve cash flow positivity in 2025.

SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, has rescheduled its Corporate Update call and Q2 2025 financial results presentation to Tuesday, August 12, 2025, at 4:30 PM ET, changed from the original 10:00 AM ET time slot.

The call will feature key executives including Founder and Executive Chairman Rani Kohen, President Steve Schmidt (former CEO of Nielsen Data Corporation), and Co-CEO Lenny Sokolow. Participants can join via telephone or webcast, with replay available until September 12, 2025.

SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, has announced a Corporate Update call scheduled for Tuesday, August 12, 2025, at 10:00 a.m. Eastern Time. The call will present the company's second quarter 2025 overview and financial results.

Key executives participating include Founder and Executive Chairman Rani Kohen, President Steve Schmidt (former CEO of Nielsen Data Corporation), and Co-CEO Lenny Sokolow. The company, which holds over 100 issued and pending patents globally and manages more than 60 lighting and home décor websites, will provide corporate updates and new developments during the call.

SKYX Platforms Corp. (NASDAQ: SKYX) announced record pre-audited Q2 2025 revenues of $23.1 million, up from $20.1 million in Q1 2025. The company has demonstrated consistent growth over six consecutive quarters, starting from Q1 2024 ($19M) through Q2 2025.

The smart home technology company expects its products to be installed in 40,000 units/homes by the end of Q2 2025 across the U.S. and Canada. SKYX leverages its portfolio of 60 lighting and home décor websites and maintains support from strategic investors and insiders. The company anticipates achieving cash flow positivity in 2025, driven by upcoming product launches including smart heater fans.

With over 97 issued and pending patents globally, SKYX aims to generate recurring revenues through its razor and blades model, offering opportunities in interchangeability, upgrades, monitoring, and subscriptions.