SKYX Platforms (NASDAQ: SKYX), a platform technology company with more than 100 issued and pending patents and 60-plus lighting and home dรฉcor 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 Miamiโs Little River District involving delivery of more than 500,000 units of SKYXโs 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.
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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 atย https://skyplug.com/ or follow us onย LinkedIn.
NOTE TO INVESTORS:ย The latest news and updates relating to SKYX are available in the companyโs newsroom atย https://ibn.fm/SKYX
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