SKYX Platforms (NASDAQ: SKYX) will be added to the Russell 2000 Index after market close on June 27, 2025, as the company advances major smart home initiatives. SKYX will deploy over 500,000 units of its Plug & Play technologies—including its AI-powered platform—at Miami’s $3 billion Urban Smart Home City project. Backed by global manufacturers, the 63-acre development is led by SG Holdings and designed by Arquitectonica. SKYX also reported Q1 2025 revenue of $20.1 million, a 6.3% increase year-over-year, and secured $15 million in preferred stock funding from strategic investors including The Shaner Group. Product demand is rising ahead of its Winter 2025 launch of two All-In-One Smart Turbo Heater & Fan models. With partnerships spanning Home Depot, Wayfair, Cavco Homes, and lighting leaders like Kichler and EGLO, SKYX expects installations in over 30,000 homes by Q2 and tens of thousands more in the second half of 2025. Management reaffirms its goal of achieving cash-flow positivity this year.
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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 https://skyplug.com/ or follow us on LinkedIn.
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