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. (NASDAQ: SKYX), doing business as SKYX Technologies, regularly issues news updates as it advances its smart, safe home and building technology platform. Company press releases highlight developments in its plug & play ceiling outlet system, smart home hub, and a growing portfolio of lighting, ceiling fan, and emergency fixture products, as well as financing activities and strategic collaborations.
News items frequently cover product launches and channel expansion. Recent announcements describe the introduction of the patented ceiling plug & play SKYFAN & TURBO HEATER on SKYX’s U.S. e‑commerce platform and at a leading national retailer, along with expectations for broader retail rollouts. Other releases detail deployments or planned deployments of SKYX’s advanced and smart plug & play technologies in multi‑unit residential developments, townhome and apartment projects, and large mixed‑use smart city initiatives.
Investors following SKYX news will also see updates on its AI ecosystem and platform capabilities, including participation in the NVIDIA Connect Program to support its all‑in‑one smart home platform and hub. Corporate updates and quarterly results announcements provide context on revenue trends, capital raises, restructuring of convertible notes, and agreements with real estate developers and manufacturing partners.
This news feed allows readers to track how SKYX is applying its patented ceiling outlet, smart home hub, and plug & play products across residential, commercial, and hospitality projects, as well as how it is pursuing recurring revenue opportunities through AI‑enabled services, monitoring, and subscriptions. For those researching SKYX stock (SKYX), the news page offers an ongoing view of the company’s operational progress, partnerships, and strategic initiatives.
SKYX (NASDAQ: SKYX) reported record $24.0M revenue for Q3 2025 vs $23.0M in Q2 2025, with gross profit of $8.0M and gross margin of 32% (vs 30% in Q2). As of Sept 30, 2025, the company reported $13M in cash, cash equivalents, restricted cash and receivables and raised an additional $5M from existing investors.
Operational highlights include a strategic agreement with Global Ventures Group to deploy hundreds of thousands of units in Middle East projects, a $3B Miami smart‑city collaboration expected to require >500,000 units, a supply agreement for ~10,000 units to a 278‑unit Austin project, a new AI e‑commerce platform targeting +30% conversion, and a U.S. manufacturing partnership with Profab Electronics.
SKYX (NASDAQ: SKYX) will host a corporate update call to present its Third Quarter 2025 overview and financial results.
The call is scheduled for Wednesday, November 12, 2025 at 4:30 p.m. Eastern Time. Participating speakers include Rani Kohen (Founder & Executive Chairman), Lenny Sokolow (CEO) and Steve Schmidt (President).
Dial-in numbers and a live webcast are provided for U.S./Canada and international participants, with a replay available until December 12, 2025. Investors are asked to dial in at least 10 minutes early.
SKYX (NASDAQ: SKYX) announced on November 5, 2025 it will launch a new AI‑native software across its e‑commerce platform of 60 websites for lighting, home décor, and smart home technologies. The company said the software, when fully integrated, is expected to increase website conversion rates and sales by 30%. SKYX noted the platform will support both B2B and B2C growth and bolster its builder and pro sales channels. Management emphasized unified data architecture, over 100 pending and issued patents, and plans to scale e‑commerce revenue across specialty sites and marketplaces.
SKYX (NASDAQ: SKYX) announced an agreement with Global Ventures Group to deploy SKYX smart home and smart building technologies across Middle East residential, commercial, and hotel projects, including Saudi Arabia and Egypt, announced Oct 30, 2025.
The partnership foresees SKYX supplying tens of thousands of homes and hotel rooms and hundreds of thousands of product units—including smart home platform devices, ceiling lighting, fans, recessed/down lights, EXIT and emergency lights, indoor/outdoor wall lights, and plug-in LED mirrors. SKYX expects recurring revenue from monitoring, subscriptions, and AI services plus future product upgrades and platform integrations.
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.