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 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.
SKYX Technologies (NASDAQ: SKYX) has announced a strategic manufacturing partnership with Profab Electronics, a Florida-based electronic contract manufacturer. The collaboration aims to establish U.S.-based production capabilities for SKYX's innovative product lines.
Profab Electronics operates a 60,000 SQF manufacturing facility in Pompano Beach, Florida, offering services including new product introduction, production assembly, robotic inventory management, and integrated supply chain services. With over 40 years of experience, Profab specializes in high-quality electronic contract manufacturing with advanced automation capabilities.
SKYX, a disruptive smart home platform technology company, holds more than 97 issued and pending patents globally and manages a portfolio of over 60 lighting and home décor websites. This partnership represents SKYX's commitment to building a resilient, localized supply chain while maintaining high quality and safety standards.
SKYX Platforms Corp. (NASDAQ: SKYX) reported strong financial results for 2024, with revenue growing 48% to $86.3 million from $58.8 million in 2023. The company demonstrated consistent quarterly growth throughout 2024: Q1: $19M, Q2: $21M, Q3: $22.2M, and Q4: $23.7M.
Key financial metrics include: cash position of $15.5 million as of December 31, 2024, reduced G&A expenses by $5.7 million, and decreased net loss per share to ($0.36) from ($0.45) in 2023. The company secured $11 million in preferred stock investment led by Shaner Group.
SKYX expects significant expansion with its advanced and smart home products projected to be in 20,000 units/homes by Q1 2025, with tens of thousands more anticipated throughout 2025. The company maintains strategic collaborations with major retailers including Home Depot and Wayfair, and anticipates becoming cash flow positive in the second half of 2025.
SKYX Technologies (NASDAQ: SKYX), a smart home platform technology company with over 97 patents and 60+ lighting/home décor websites, has scheduled a Corporate Update call for Monday, March 24, 2025, at 4:30 PM ET. The call will cover Q4 2024 and full-year 2024 financial results and corporate updates.
Key executives participating include:
- Rani Kohen - Founder and Executive Chairman
- Steve Schmidt - President (Former President of Nielsen Data )
- Lenny Sokolow - Co-CEO
- Marc Boisseau - CFO
The call will be accessible via U.S./Canada dial-in (1-412-317-5180), International dial-in (1-844-825-9789), and webcast. A playback will be available until April 24, 2025.
SKYX Technologies (NASDAQ: SKYX) reported record pre-audited Q4 2024 revenues of $23.7 million, showing consistent quarterly growth throughout 2024 from Q1's $19M to Q4's $23.7M. The company secured an additional $1 million in preferred funding, bringing total strategic funding to $12 million, led by The Shaner Group.
Key developments include: expecting product installation in 20,000 homes/units by Q1 2025; appointment of former Amazon executive Huey Long to head e-commerce; collaboration with Cavco Homes for smart technology integration; partnership with Forte Developments for 12,000+ product installations; and strategic alliance with Wayfair for smart plug & play products.
The company strengthened its leadership with Greg St. John as President of Lighting, Fans, and Smart Home Products, and received significant insider investments including $500,000 from President Steve Schmidt and $250,000 each from Co-CEOs.