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) has announced a collaboration with EGLO, a leading European designer and manufacturer of decorative lighting and ceiling fans. The partnership aims to explore and develop products integrating SKYX's technology for European and global markets, catering to EGLO's international customer base. This collaboration is expected to enhance SKYX's market penetration in the U.S. and globally through online, retail, and builder segments.
SKYX, with over 97 issued and pending patents globally and more than 60 lighting and home décor websites, offers advanced smart technologies that make homes and buildings smart and safe. The collaboration is seen as a step towards expanding the applicability and penetration of SKYX's technology in European and global markets and distribution channels.
SKYX Platforms Corp. (NASDAQ: SKYX) reported record second quarter sales of $21.4 million, up from $15.0 million in Q2 2023. Key highlights include:
1. Cash position of $15.6 million as of June 30, 2024
2. Collaboration with Home Depot for advanced and smart plug & play products
3. Growing market penetration with products in nearly 10,000 U.S. and Canadian homes
4. Progress on GE Licensing partnership for ceiling outlet/receptacle standardization
5. New global patents for advanced, smart plug & play recessed light
6. Collaboration with Ruee Appliances for global market expansion
7. Reduced adjusted EBITDA loss to $2.1 million in Q2 2024
SKYX aims to make homes and buildings safer and smarter with its platform technology.
SKYX Technologies (NASDAQ: SKYX), a disruptive smart platform technology company, has announced a Corporate Update call scheduled for Monday, August 12, 2024, at 4:30 PM Eastern Time. The call will include the presentation of second quarter 2024 financial results and corporate updates. Key participants will be Rani Kohen (Founder and Executive Chairman), Steve Schmidt (President), Lenny Sokolow (Co-CEO), and Marc Boisseau (CFO).
Investors can join via phone or webcast, with dial-in numbers provided for both U.S./Canada and international callers. A playback of the call will be available until September 12, 2024. SKYX, which owns over 60 lighting and home décor websites, aims to establish a new standard for smart, safe, and advanced homes and buildings.
SKYX Technologies (NASDAQ: SKYX) has announced a collaboration with Home Depot to offer its advanced and smart plug & play products. The partnership will include a variety of SKYX's products such as retrofit kits, smart light fixtures, smart ceiling fans, ceiling outlet receptacles, and recessed lights. A large assortment of these products is expected to be available on Home Depot's website in the coming months, with some advanced and smart plug & play retrofit kit products arriving in select stores and online as fixture upgrades.
SKYX, a disruptive smart platform technology company with over 94 issued and pending patents globally, views this collaboration as a significant growth opportunity that could have a substantial impact on their business. The company's technology offers products for both retail and professional segments, potentially expanding their market penetration through Home Depot's extensive reach in these industries.
SKYX Technologies (NASDAQ: SKYX) has announced the commencement of production for its new globally patented advanced, smart, plug & play recessed light. This product is expected to significantly contribute to the company's growth within the multi-billion-unit global recessed light market. The product, which holds patents in the U.S., China, Canada, Hong Kong, and Mexico, aims to simplify installation and enhance safety by eliminating hazardous electrical wiring. The lights can be controlled via SKYX’s app, voice control, and phone, compatible with Apple’s Siri, Amazon Alexa, Google Home, and Samsung. SKYX's total addressable market (TAM) exceeds $500 billion, supported by over 94 issued and pending patents. This includes 36 patents related to their advanced Plug and Play and smart home platform technologies.
SKYX Technologies (NASDAQ: SKYX) has announced the issuance of six new patents covering its advanced smart plug-and-play ceiling fan and heater, expanding its global patent portfolio. These patents have been granted in the U.S., China, India, Europe, Canada, and Mexico.
The company now holds over 94 issued and pending patents, with 36 of them already issued. This strengthens SKYX's position in the smart home, AI sensors, and home safety sensor markets. The new patents support SKYX's mission to enhance home and building safety and intelligence standards, addressing a total addressable market (TAM) of over $500 billion.
Founder and Executive Chairman Rani Kohen highlighted that these additions further solidify SKYX's intellectual property and its role as a leading provider of smart home platform technologies.
SKYX Platforms reported record first quarter 2024 sales of $19.0 million, up from $18.6 million in Q1 2023. The company holds over 90 patents and collaborates with major global manufacturers. Cash reserves declined to $19.8 million from $22.4 million year-on-year. Despite increased sales and marketing expenses, net loss grew to $9.7 million from $8.0 million. Initiatives include expanding into builder segments and signing a 5-year global licensing deal with GE. SKYX aims to penetrate the U.S. and Canadian markets with its smart home platform technologies, expecting significant growth in the coming year.
SKYX Platforms Corp. announces a corporate update call to discuss first quarter 2024 financial results. The call will feature key members of the company's leadership team. SKYX is a disruptive platform technology company with numerous patents and a focus on home safety and smart technology.
SKYX Platforms Corp. (NASDAQ: SKYX) will be a main event at TheRealDeal New York City Real-Estate Forum & Developer Showcase, showcasing its patented smart home technologies. The company aims to enhance its market penetration by presenting its game-changing smart home platform to high-end real-estate developers and industry professionals.
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