SKYX Platforms Corp. Reports Record Q2 Revenue and Expands Smart Home Deployments

SKYX Platforms Corp. (NASDAQ: SKYX) has announced a record second-quarter revenue for 2025, marking a significant milestone in the company's growth trajectory. With revenue reaching $23.1 million, up from $20.1 million in the first quarter, the company demonstrates robust financial health and operational efficiency. Gross profit saw a 23% sequential increase to $7 million, with gross margins improving to 30.3%. This financial uptick is complemented by a 54% reduction in net cash used in operating activities, now standing at $2 million, and a strong cash position of $15.7 million at the quarter's end.

The company's recent achievements extend beyond financial metrics. SKYX Platforms has secured a collaboration with a $3 billion mixed-use smart city project in Miami's Little River District, involving the delivery of over 500,000 units of its smart plug & play products. This partnership underscores the company's leading role in the smart home technology space. Additionally, SKYX is preparing to launch its patented all-in-one smart turbo heater and ceiling fan, further diversifying its product offerings.

Strategic expansions and partnerships have been pivotal to SKYX's growth. New sales and marketing agreements with global ceiling fan manufacturer Parrot Uncle, alongside expanded collaborations with Home Depot, Wayfair, Kichler, EGLO, and Ruee, highlight the company's broadening market reach. Future deployments with Cavco Homes, Forte Developments, Jeremiah Baron Companies, and JIT Electrical Supply are on the horizon, supported by a $15 million financing round led by The Shaner Group and key insiders.

For more information on SKYX Platforms Corp. and its innovative smart home solutions, visit https://skyplug.com/. The latest updates and news about SKYX can be found in the company's newsroom at https://ibn.fm/SKYX.