Welcome to our dedicated page for SKYX Platforms news (Ticker: SKYX), a resource for investors and traders seeking the latest updates and insights on SKYX Platforms stock.
SKYX Platforms Corp (SKYX) delivers innovative plug & play electrical solutions revolutionizing building installations through patented smart technology. This news hub provides investors and industry professionals with verified updates on corporate developments, strategic initiatives, and technological advancements.
Access comprehensive coverage of SKYX's latest press releases, including product launches, partnership announcements, and regulatory filings. Our curated collection features earnings reports, executive insights, and market expansion updates – all essential for tracking this leader in electrical safety innovation.
Discover updates across key operational areas: smart home technology deployments, patent portfolio expansions, and strategic collaborations with construction and hospitality leaders. Regular updates ensure you stay informed about SKYX's progress in standardizing safe electrical installations through advanced plug & play systems.
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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.
SKYX Platforms Corp. (NASDAQ: SKYX) has announced a strategic U.S. and global sales and marketing collaboration with Parrot Uncle, a leading ceiling fan manufacturer that sells millions of fans globally. The partnership will focus on marketing SKYX's patented all-in-one smart turbo heater & ceiling fan products.
The company plans to launch two versions of the product in 6-8 colors for both residential and commercial applications in Q3 2025. Production has already begun with manufacturing partners, targeting the winter season. SKYX expects this launch to support its goal of achieving cash-flow positive operations in 2025.
The initiative targets the multi-billion-dollar ceiling fan and space heater market, which sees tens of millions of units sold annually in the U.S. alone.
SKYX Platforms Corp. (NASDAQ: SKYX) has announced the issuance of 8 new patents across multiple countries, expanding its intellectual property portfolio to over 100 patents and pending applications, with 45 issued patents. The new patents were granted in the U.S., India, Japan, U.K., France, Germany, Italy, and Spain.
The company's patent portfolio covers advanced technologies including plug & play smart home platforms, AI capabilities, ecosystem integration, home safety sensors, ceiling fan & heater, and lighting solutions. SKYX highlights a Total Addressable Market (TAM) of over $500 billion, positioning itself as a technology provider in the smart home, electrical, lighting, and ceiling fan industries.
[ "Expansion of patent portfolio to over 100 patents and pending applications, with 45 issued patents", "Geographic diversification with patents issued in 8 major markets including U.S., India, Japan, and key European countries", "Large Total Addressable Market (TAM) of over $500 billion", "Growing portfolio of over 60 lighting and home décor websites" ]SKYX Platforms Corp. (NASDAQ: SKYX) announced several major corporate developments. The company will be officially added to the Russell 2000 on June 27, 2025. SKYX secured a significant contract to deploy 500,000 units of its smart home technologies in Miami's new $3 billion Urban Smart City project, which includes 5,700 residential units and extensive commercial space.
The company reported Q1 2025 revenue of $20.1 million, up from $18.9 million in Q1 2024, and secured a $15 million preferred stock investment led by The Shaner Group. SKYX expects to achieve cash-flow positivity in 2025 and plans to launch its new Smart Turbo Heater & Ceiling Fan product line in Q3. The company aims to be in 30,000 U.S. and Canadian homes by Q2 2025.
SKYX Platforms Corp. (NASDAQ: SKYX) announced its upcoming inclusion in both the Russell 2000® and Russell 3000® Indexes, effective June 27, 2025. This addition follows FTSE Russell's 2025 annual reconstitution, which ranks the 3,000 largest U.S. public companies by market capitalization. SKYX, a smart home platform technology company, boasts over 97 issued and pending patents globally and manages more than 60 lighting and home décor websites. The inclusion in these prestigious indexes is expected to increase institutional ownership and broaden investor awareness. According to FTSE Russell, approximately $10.6 trillion in assets are benchmarked to Russell U.S. indexes.
SKYX (NASDAQ: SKYX), a smart home platform technology company, has secured $4 million in recent funding through preferred stock sales at $2.00 per share. This investment is part of a larger $15 million funding round led by The Shaner Group, which owns and develops over 70 hotels worldwide. The funding round included significant participation from company insiders, including SKYX President Steve Schmidt and Co-CEOs Lenny Sokolow and John Campi. The company, which holds over 97 issued and pending patents globally and manages more than 60 lighting and home décor websites, will use the proceeds for general working capital and corporate purposes.
SKYX Technologies (NASDAQ: SKYX), a disruptive smart home platform technology company, has announced a Corporate Update call scheduled for Wednesday, May 14, 2025, at 4:30 PM ET. The company, which holds over 97 issued and pending patents globally and manages more than 60 lighting and home décor websites, will present its Q1 2025 overview and financial results.
Key executives participating in the call include Founder and Executive Chairman Rani Kohen, President Steve Schmidt (former CEO of Nielsen Data Corporation), Co-CEO Lenny Sokolow, and CFO Marc Boisseau. The call will be accessible via U.S./Canada dial-in, international dial-in, and webcast, with playback available until June 14, 2025.