Tuesday, 02 January 2024 12:17 GMT

Investornewsbreaks SKYX Platforms Corp. (NASDAQ: SKYX) Posts Record Q2 Revenue, Expands Smart Home Deployments In Major U.S. And Global Projects


(MENAFN- Investor Brand Network) SKYX Platforms (NASDAQ: SKYX) , a platform technology company with more than 100 issued and pending patents and 60-plus lighting and home décor websites, reported record second-quarter 2025 revenue of $23.1 million, up from $20.1 million in the first quarter. Gross profit rose 23% sequentially to $7 million, with gross margin improving to 30.3%. Net cash used in operating activities fell 54% to $2 million, and the company ended the quarter with $15.7 million in cash and equivalents. Recent developments include a collaboration with a $3 billion mixed-use smart city project in Miami's Little River District involving delivery of more than 500,000 units of SKYX's smart plug & play products; launch preparations for its patented all-in-one smart turbo heater and ceiling fan; new sales and marketing agreements with global ceiling fan maker Parrot Uncle; and expanded partnerships with Home Depot, Wayfair, Kichler, EGLO, and Ruee. Additional deployments are planned with Cavco Homes, Forte Developments, Jeremiah Baron Companies, and JIT Electrical Supply, supported by a broader $15 million financing round led by The Shaner Group and key insiders.

To view the full press release, visit

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. 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 or follow us on LinkedIn .

NOTE TO INVESTORS: The latest news and updates relating to SKYX are available in the company's newsroom at

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers : (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact ; (4) social media distribution via IBN to millions of social media followers ; and (5) a full array of tailored corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: /Disclaimer

InvestorWire
Austin, Texas

512.354.7000 Office
[email protected]

InvestorWire is powered by IBN

MENAFN13082025000224011066ID1109924600



Investor Brand Network

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search