SKYX Platforms Stock Price, News & Analysis

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.

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.

SKYX Platforms Corp. (NASDAQ: SKYX) has announced the appointment of Huey Long, former Amazon E-Commerce Director, as the new leader of its e-commerce platform. Long brings over 28 years of experience from leadership roles at major retailers including Walmart, Ashley Furniture, and Amazon, where he led the Amazon Basics private brand initiative.

Long will collaborate with SKYX's existing e-commerce team to expand sales and market penetration of the company's advanced and smart home plug & play technologies across U.S. and Canadian markets. The company, which owns more than 97 issued and pending patents globally and manages over 60 lighting and home décor websites, aims to leverage Long's expertise in e-commerce, omnichannel retail, and global sourcing.