SKYX Platforms Reports Record Q3 Revenue and Expands Global Smart-Building Deployments

SKYX Platforms Corp. (NASDAQ: SKYX) reported record third-quarter 2025 revenue of $24 million alongside an 8 percent sequential gross profit increase to $8 million, achieving a 32 percent gross margin. The company maintained $13 million in cash and receivables while securing an additional $5 million financing from lead shareholders as it advances toward cash flow positivity by the end of 2025. Management extended $11 million in notes to 2030 while accelerating large-scale deployments of its advanced smart plug and play technologies.

The company announced new agreements with Global Ventures Group for tens of thousands of units in the Middle East and secured a major contract for a $3 billion Miami smart city project requiring more than 500,000 units. Additional deployments include a 278-unit Texas development and retail collaborations with Home Depot, Wayfair and Parrot Uncle. These expansions are supported by a U.S. manufacturing partnership with Profab Electronics and continued adoption from Marriott-affiliated investors.

SKYX's safety code standardization efforts continue gaining regulatory momentum across multiple jurisdictions. The company's AI-driven e-commerce upgrade targets a 30 percent conversion lift, enhancing its digital sales capabilities. Management highlighted a U.S. total addressable market of approximately $500 billion across 4.2 billion ceiling applications, indicating substantial growth potential for the company's smart-building technologies.

The company maintains an extensive intellectual property portfolio with over 97 U.S. and global patents and patent pending applications. For additional information about SKYX Platforms and its technologies, visit https://skyplug.com/. Investors can access the latest company updates through the newsroom at https://ibn.fm/SKYX.