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 (SKYX) delivers innovative plug & play electrical solutions revolutionizing building installations through patented smart technology. This news hub provides investors and industry professionals with verified updates on corporate developments, strategic initiatives, and technological advancements.
Access comprehensive coverage of SKYX's latest press releases, including product launches, partnership announcements, and regulatory filings. Our curated collection features earnings reports, executive insights, and market expansion updates – all essential for tracking this leader in electrical safety innovation.
Discover updates across key operational areas: smart home technology deployments, patent portfolio expansions, and strategic collaborations with construction and hospitality leaders. Regular updates ensure you stay informed about SKYX's progress in standardizing safe electrical installations through advanced plug & play systems.
Bookmark this page for streamlined access to SKYX's official communications. Check back frequently for real-time updates on innovations shaping the future of building infrastructure and electrical safety standards.
SKYX Platforms (NASDAQ: SKYX) successfully demonstrated its advanced plug & play technologies during a renovation at a Marriott SpringHill Suites Hotel. The demonstration showcased the company's smart lighting solutions including ceiling lighting, recessed lights, downlights, wall lights, EXIT and emergency lights, and plug-in LED backlight mirrors.
The demonstration validated significant safety improvements, time savings, and cost savings during the hotel renovation process. With major hotel chains typically requiring renovations every 7 years, SKYX expects its technologies to be implemented in additional Marriott properties and other hotel brands, representing a significant market opportunity.
SKYX Platforms Corp. (NASDAQ: SKYX) reported strong Q2 2025 financial results with record revenues of $23.1 million, a 15% increase from Q1 2025's $20.1 million. The company improved its cash position to $15.7 million as of June 30, 2025, up from $12.3 million in Q1. Gross profit increased 23% sequentially to $7 million, with margins improving to 30.3%.
Key developments include a major collaboration with a $3 billion Miami smart city project expected to require over 500,000 units of SKYX's smart home technologies. The company secured $15 million in financing led by The Shaner Group, with significant insider participation. SKYX continues expanding its market presence through partnerships with Home Depot, Wayfair, and major lighting manufacturers, while operating an e-commerce platform of 60 websites.
The company reduced its net cash used in operations by 54% to $2.0 million in Q2 2025 compared to Q1, and expects to achieve cash flow positivity in 2025.
SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, has rescheduled its Corporate Update call and Q2 2025 financial results presentation to Tuesday, August 12, 2025, at 4:30 PM ET, changed from the original 10:00 AM ET time slot.
The call will feature key executives including Founder and Executive Chairman Rani Kohen, President Steve Schmidt (former CEO of Nielsen Data Corporation), and Co-CEO Lenny Sokolow. Participants can join via telephone or webcast, with replay available until September 12, 2025.
SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, has announced a Corporate Update call scheduled for Tuesday, August 12, 2025, at 10:00 a.m. Eastern Time. The call will present the company's second quarter 2025 overview and financial results.
Key executives participating include Founder and Executive Chairman Rani Kohen, President Steve Schmidt (former CEO of Nielsen Data Corporation), and Co-CEO Lenny Sokolow. The company, which holds over 100 issued and pending patents globally and manages more than 60 lighting and home décor websites, will provide corporate updates and new developments during the call.
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) has announced a strategic U.S. and global sales and marketing collaboration with Parrot Uncle, a leading ceiling fan manufacturer that sells millions of fans globally. The partnership will focus on marketing SKYX's patented all-in-one smart turbo heater & ceiling fan products.
The company plans to launch two versions of the product in 6-8 colors for both residential and commercial applications in Q3 2025. Production has already begun with manufacturing partners, targeting the winter season. SKYX expects this launch to support its goal of achieving cash-flow positive operations in 2025.
The initiative targets the multi-billion-dollar ceiling fan and space heater market, which sees tens of millions of units sold annually in the U.S. alone.
SKYX Platforms Corp. (NASDAQ: SKYX) has announced the issuance of 8 new patents across multiple countries, expanding its intellectual property portfolio to over 100 patents and pending applications, with 45 issued patents. The new patents were granted in the U.S., India, Japan, U.K., France, Germany, Italy, and Spain.
The company's patent portfolio covers advanced technologies including plug & play smart home platforms, AI capabilities, ecosystem integration, home safety sensors, ceiling fan & heater, and lighting solutions. SKYX highlights a Total Addressable Market (TAM) of over $500 billion, positioning itself as a technology provider in the smart home, electrical, lighting, and ceiling fan industries.
[ "Expansion of patent portfolio to over 100 patents and pending applications, with 45 issued patents", "Geographic diversification with patents issued in 8 major markets including U.S., India, Japan, and key European countries", "Large Total Addressable Market (TAM) of over $500 billion", "Growing portfolio of over 60 lighting and home décor websites" ]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) 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.
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