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SKYX Platforms Corp - SKYX STOCK NEWS

Welcome to our dedicated news page for SKYX Platforms (Ticker: SKYX), a resource for investors and traders seeking the latest updates and insights on SKYX Platforms.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SKYX Platforms's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SKYX Platforms's position in the market.

Rhea-AI Summary
SKYX collaborates with world-leading Chinese lighting supplier and manufacturer Ruee Appliances for the US, Chinese, and European markets to enhance market penetration. The collaboration includes financial backing, mass production capabilities, and global distribution, improving gross margins on product sales. SKYX continues to expand its reach with record annual sales, global licensing agreements, and partnerships with industry leaders.
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Rhea-AI Summary
SKYX (NASDAQ: SKYX) announces the issuance of 8 new patents, bringing their total over 90, covering advanced smart home and AI sensor technologies. The patents enhance SKYX's position in the smart home, electrical, and lighting industries, aiming to create sustainable value for shareholders.
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Rhea-AI Sentiment
End-of-Day
-2.24%
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Rhea-AI Summary
SKYX reported strong financial results for the Fourth Quarter and Fiscal Year ended December 31, 2023, with record revenues of $58.8 million in 2023 and $22.2 million in the fourth quarter. The company has $22.4 million in cash and investments available for sale as of December 31, 2023, showing growth from $16.8 million in 2022. SKYX aims to achieve cash flow positivity by 2025 and has expanded its market penetration to both retail and pro segments. The company also announced key collaborations with industry leaders like General Electric, Kichler, Quoizel, and Golden Lighting. SKYX filed for a mandatory safety standardization with the National Electrical Code for its ceiling outlet receptacle, emphasizing its commitment to safety standards and innovation.
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-6.35%
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Rhea-AI Summary
SKYX Platforms Corp. to Present Fourth Quarter and 2023 Full Year Financial Results; Conference Call Scheduled on April 1st, 4:30 PM EST
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9.3%
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SKYX Platforms Corp. to Participate in 36th Annual ROTH Conference. The company, known for its disruptive platform technology, will engage with investors and analysts. SKYX aims to enhance safety and smart features in homes and buildings.
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-0.83%
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Rhea-AI Summary
SKYX Technologies Corp. will officially launch its advanced smart platform technologies at the International Builders' Show, showcasing its award-winning solutions that enhance real-estate value for developers and homeowners. Collaborations with leading manufacturers and a strong presence at the event highlight SKYX's commitment to market penetration and innovation.
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1.57%
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SKYX Platforms Corp. (NASDAQ:SKYX) has won a total of seven CES awards for its disruptive smart home platform technology, with its patented All-In-One Smart Platform, which can significantly save lives, time, and cost while simplifying the process of making a smart home. The platform integrates with various voice control systems and is expected to be available to consumers in Q1 of 2024.
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Rhea-AI Sentiment
End-of-Day
1.84%
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Rhea-AI Summary
SKYX Platforms Corp. (NASDAQ:SKYX) will debut its patented new game-changing smart home platform technologies at CES 2024. The company has 77 pending and issued patents globally, with over 60 lighting and home décor websites. The All-In-One Smart Platform significantly saves lives, time, and cost while simplifying the process of making a smart home. SKYX's smart technology plug & play products, with its proprietary SkyHome app, has already won five awards from various publications at CES 2023. The All-in-One Smart Platform is a complete stand-alone platform system that can operate on a standalone basis or can be used to connect light fixtures. It integrates with Apple Siri, Amazon Alexa, Google Home, Samsung Smart Things, Cortana, and more. The All-in-One platform is expected to be available to consumers in Q1 of 2024.
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-1.72%
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Rhea-AI Summary
SKYX Platforms Corp. (NASDAQ:SKYX) has renewed a five-year global licensing master service agreement with GE Technology Development, Inc. to license certain advanced and smart technologies in the U.S. and worldwide. The agreement includes provisions for revenue sharing and support for defending the Company's intellectual property. Rani Kohen, Founder and Executive Chairman, and Lenny Sokolow, Co-CEO, both expressed optimism about the agreement's potential to enhance market penetration and monetize the company's disruptive platform technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.51%
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Rhea-AI Summary
SKYX Platforms Corp. (SKYX) announced a product collaboration with Kichler, a leading lighting and ceiling fan company, to feature its advanced and smart plug & play technology on Kichler's high-end designed light fixtures and ceiling fans at the upcoming International Builders' Show (IBS) in Las Vegas from February 27-29, 2024. SKYX, a highly disruptive platform technology company with over 77 pending and issued patents globally, aims to make homes and buildings safe and smart as the new standard. Kichler, celebrating its 85th anniversary, is a top-quality manufacturer with leading high-end designs and is a principal supplier to most sectors including big-box retail, builders, professionals, and online segments.
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1.75%
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SKYX Platforms Corp

Nasdaq:SKYX

SKYX Rankings

SKYX Stock Data

96.75M
55.66M
43.57%
11.95%
5.1%
Optical Instrument and Lens Manufacturing
Manufacturing
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United States
Pompano Beach