SKYX Platforms (SKYX) Stock News

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) has announced strong market demand for its new patented all-in-one smart ceiling fan and heater product ahead of its Q3 2025 winter launch. The company, which holds over 97 patents and operates 60+ lighting and home décor websites, is targeting the multi-billion-dollar ceiling fan and space heater market that sees tens of millions of units sold annually in the U.S. In response to high demand, SKYX will release two different models in 6-8 color variations for both residential and commercial applications. Manufacturing has already begun through SKYX's existing partners. The company expects this product launch to be instrumental in achieving its goal of cash-flow positive operations in 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 Platforms Corp (NASDAQ: SKYX) has announced a major collaboration with a $3 billion mixed-use smart city development in Miami's Little River District. The company will supply over 500,000 units of its advanced plug & play smart home technologies for the 63-acre project. The development includes 5,700 residential units, 350,000 sq ft of retail space, and 1.5 million sq ft of green spaces. SKYX's deployment will feature ceiling outlet receptacles, an AI ecosystem, and various plug & play products. The project, led by SG Holdings (a joint venture between Swerdlow Group, SJM Partners, and Alben Duffie), will offer residents free internet and SKYX's all-in-one smart home platform with features like WIFI repeaters, emergency calling, and smart controls. The development represents one of Miami's largest housing initiatives, with 2,400 affordable apartments receiving high-end amenities.

SKYX Platforms Corp (NASDAQ: SKYX) reported record Q1 2025 revenue of $20.1M, up from $18.9M in Q1 2024. The company secured $4M in additional preferred stock funding at $2 per share, part of a $15M round led by The Shaner Group. Key financial metrics include: reduced G&A expenses by 17%, improved gross margin by 4.8%, and decreased net loss to $0.09 per share. SKYX expects its products to be in 30,000 U.S. and Canadian homes by Q2 2025. The company announced a U.S. manufacturing partnership with Profab Electronics and continues collaborations with major retailers like Home Depot and Wayfair. Management projects becoming cash flow positive in H2 2025. SKYX's platform includes over 97 patents and 60 lighting/home décor websites, targeting a $500B total addressable market in the U.S. with over 4.2B ceiling applications.

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.