SKYX Pre-Announces Record Second Quarter 2025 Revenues of $23.1 Million Compared to First Quarter Revenues of $20.1 Million, as it Continues to Grow Market Penetration
SKYX Platforms Corp. (NASDAQ: SKYX) announced record pre-audited Q2 2025 revenues of $23.1 million, up from $20.1 million in Q1 2025. The company has demonstrated consistent growth over six consecutive quarters, starting from Q1 2024 ($19M) through Q2 2025.
The smart home technology company expects its products to be installed in 40,000 units/homes by the end of Q2 2025 across the U.S. and Canada. SKYX leverages its portfolio of 60 lighting and home décor websites and maintains support from strategic investors and insiders. The company anticipates achieving cash flow positivity in 2025, driven by upcoming product launches including smart heater fans.
With over 97 issued and pending patents globally, SKYX aims to generate recurring revenues through its razor and blades model, offering opportunities in interchangeability, upgrades, monitoring, and subscriptions.
SKYX Platforms Corp. (NASDAQ: SKYX) ha annunciato ricavi record pre-auditati per il secondo trimestre 2025 pari a 23,1 milioni di dollari, in aumento rispetto ai 20,1 milioni di dollari del primo trimestre 2025. L'azienda ha mostrato una crescita costante per sei trimestri consecutivi, a partire dal primo trimestre 2024 (19 milioni di dollari) fino al secondo trimestre 2025.
La società specializzata in tecnologia per la casa intelligente prevede che i suoi prodotti saranno installati in 40.000 unità/abitazioni entro la fine del secondo trimestre 2025 in tutti gli Stati Uniti e il Canada. SKYX sfrutta il suo portafoglio di 60 siti web dedicati all'illuminazione e all'arredamento per la casa e mantiene il supporto di investitori strategici e insider. L'azienda prevede di raggiungere la positività del flusso di cassa nel 2025, grazie ai prossimi lanci di prodotti, tra cui ventilatori riscaldanti intelligenti.
Con oltre 97 brevetti rilasciati e in attesa a livello globale, SKYX punta a generare ricavi ricorrenti attraverso il modello "rasoio e lame", offrendo opportunità di intercambiabilità, aggiornamenti, monitoraggio e abbonamenti.
SKYX Platforms Corp. (NASDAQ: SKYX) anunció ingresos récord pre-auditados para el segundo trimestre de 2025 por 23,1 millones de dólares, un aumento respecto a los 20,1 millones de dólares del primer trimestre de 2025. La compañía ha demostrado un crecimiento constante durante seis trimestres consecutivos, desde el primer trimestre de 2024 (19 millones) hasta el segundo trimestre de 2025.
La empresa de tecnología para hogares inteligentes espera que sus productos estén instalados en 40,000 unidades/hogares para finales del segundo trimestre de 2025 en Estados Unidos y Canadá. SKYX aprovecha su portafolio de 60 sitios web de iluminación y decoración del hogar y cuenta con el apoyo de inversores estratégicos e insiders. La compañía anticipa alcanzar flujo de caja positivo en 2025, impulsado por próximos lanzamientos de productos, incluyendo ventiladores calefactores inteligentes.
Con más de 97 patentes emitidas y pendientes a nivel global, SKYX busca generar ingresos recurrentes mediante su modelo de "cuchilla y hoja", ofreciendo oportunidades en intercambiabilidad, actualizaciones, monitoreo y suscripciones.
SKYX Platforms Corp. (NASDAQ: SKYX)는 2025년 2분기 사전 감사 매출이 2,310만 달러로, 2025년 1분기 2,010만 달러에서 증가했다고 발표했습니다. 회사는 2024년 1분기(1,900만 달러)부터 2025년 2분기까지 6분기 연속 꾸준한 성장을 보여왔습니다.
스마트 홈 기술 회사인 SKYX는 2025년 2분기 말까지 미국과 캐나다 전역에 40,000개 유닛/가정에 자사 제품이 설치될 것으로 예상합니다. SKYX는 60개의 조명 및 홈 데코 웹사이트 포트폴리오를 활용하며 전략적 투자자 및 내부자의 지원을 받고 있습니다. 회사는 스마트 히터 팬 등 신제품 출시를 통해 2025년에 현금 흐름 흑자를 달성할 것으로 기대하고 있습니다.
전 세계적으로 97건 이상의 등록 및 출원 특허를 보유한 SKYX는 면도기와 날 모델을 통해 반복 수익을 창출하고, 교체성, 업그레이드, 모니터링 및 구독 서비스 기회를 제공하는 것을 목표로 하고 있습니다.
SKYX Platforms Corp. (NASDAQ: SKYX) a annoncé des revenus pré-audités records de 23,1 millions de dollars pour le deuxième trimestre 2025, en hausse par rapport à 20,1 millions de dollars au premier trimestre 2025. L'entreprise a démontré une croissance constante sur six trimestres consécutifs, de début 2024 (19 M$) jusqu'au deuxième trimestre 2025.
Cette société spécialisée dans la technologie de maison intelligente prévoit que ses produits seront installés dans 40 000 unités/maisons d'ici la fin du deuxième trimestre 2025 aux États-Unis et au Canada. SKYX s'appuie sur son portefeuille de 60 sites web dédiés à l'éclairage et à la décoration intérieure et bénéficie du soutien d'investisseurs stratégiques et d'initiés. L'entreprise anticipe d'atteindre un flux de trésorerie positif en 2025, porté par le lancement prochain de produits, notamment des ventilateurs chauffants intelligents.
Avec plus de 97 brevets délivrés et en attente à l'échelle mondiale, SKYX vise à générer des revenus récurrents grâce à son modèle "rasoir et lames", offrant des opportunités en matière d'interchangeabilité, de mises à jour, de surveillance et d'abonnements.
SKYX Platforms Corp. (NASDAQ: SKYX) gab vorläufig geprüfte Rekordeinnahmen von 23,1 Millionen US-Dollar für das zweite Quartal 2025 bekannt, ein Anstieg gegenüber 20,1 Millionen US-Dollar im ersten Quartal 2025. Das Unternehmen verzeichnet ein stetiges Wachstum über sechs aufeinanderfolgende Quartale, beginnend im ersten Quartal 2024 (19 Mio. USD) bis zum zweiten Quartal 2025.
Das Smart-Home-Technologieunternehmen erwartet, dass seine Produkte bis Ende des zweiten Quartals 2025 in 40.000 Einheiten/Häusern in den USA und Kanada installiert sein werden. SKYX nutzt sein Portfolio von 60 Websites für Beleuchtung und Wohnkultur und erhält Unterstützung von strategischen Investoren und Insidern. Das Unternehmen rechnet damit, 2025 einen positiven Cashflow zu erzielen, angetrieben durch bevorstehende Produkteinführungen, darunter intelligente Heizlüfter.
Mit über 97 erteilten und anhängigen Patenten weltweit strebt SKYX an, wiederkehrende Umsätze durch sein Rasierklingen-Modell zu generieren und bietet Möglichkeiten für Austauschbarkeit, Upgrades, Überwachung und Abonnements.
- Record Q2 2025 revenue of $23.1 million
- Six consecutive quarters of revenue growth from Q1 2024 to Q2 2025
- Expected presence in 40,000 units/homes by Q2 2025 end
- Strong intellectual property portfolio with 97 patents
- Multiple revenue streams through e-commerce platform of 60 websites
- Projected path to cash flow positivity in 2025
- Currently not cash flow positive
- Reliance on external support from strategic investors and insiders
Insights
SKYX reports six consecutive quarters of revenue growth with strong Q2 2025 results, though profitability remains elusive.
SKYX Platforms has announced record Q2 2025 revenues of
The quarterly progression shows steady improvement:
SKYX's market penetration strategy appears to be gaining traction, with expected product placement in 40,000 homes/units across retail and professional channels by Q2-end. The company is leveraging its portfolio of 60 lighting and home décor websites to minimize customer acquisition costs while maintaining its cash position.
Management's statement about "path to cash flow positivity in 2025" suggests current operations remain cash-negative despite revenue growth. This indicates SKYX is still in its investment and growth phase, prioritizing market penetration over immediate profitability. The company's "razor and blades" business model hints at future recurring revenue opportunities through smart home product upgrades, monitoring services, and subscriptions.
Notably absent are details on gross margins, operating expenses, net income, and actual cash burn rate – key metrics needed to fully evaluate SKYX's financial health and trajectory toward profitability.
SKYX Revenues Increased in 6 Consecutive Quarters from Q1 2024 Through Q2 2025 with
Company Expects Its Products to Be in 40,000 Units/Homes by The End of Q2 2025 in the U.S and Canada Through Retail and Pro Segments
SKYX Continues to Leverage its Cash Position Through its E-Commerce Platform of 60 Websites among Other Methods Including Support from Strategic Investors and Insiders
SKYX Management Expects Upcoming Product Launches, Including Smart Heater Fans, to Drive Path to Cash Flow Positivity in 2025
As The Company Continues to Grow Market Penetration Through the Razor and the Blades Model, SKYX’s Technologies Provide Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, Monitoring and Subscriptions
MIAMI, July 31, 2025 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (“SKYX” or the “Company”), a highly disruptive smart home platform technology company with over 97 issued and pending patents globally and a growing portfolio of over 60 lighting and home décor websites, with a mission to make homes and buildings become smart, safe, and advanced as the new standard, today announced record pre-audited financial results for the second quarter ended June 30, 2025, with revenues of
SKYX achieved 6 consistent quarters with revenue growth from first quarter 2024 through second quarter 2025, reporting:
$19 million in the first quarter 2024$21.4 million in the second quarter 2024$22.2 million in the third quarter 2024$23.7 million in the fourth quarter 2024$20.1 million in the first quarter 2025$23.1 million in the second quarter 2025
Rani Kohen, Founder/Inventor and Executive Chairman of SKYX Platforms, said: “We are extremely proud to report record second-quarter revenues as we continue to build on six straight quarters of growth. Our expanding presence across retail and pro channels, supported by our e-commerce platform and innovative technologies, positions us to redefine the smart home standard. We remain focused on scaling our footprint and unlocking long-term value through recurring revenue opportunities.”
To view SKYX's technologies in action, click here: Link to video.
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.
Forward-Looking Statements
Certain statements made in this press release are not based on historical facts but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.
Investor Relations Contact:
Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com
FAQ
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