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

SKYX Platforms Corp. (NASDAQ: SKYX), a leader in smart home and building technologies, has reported a record second-quarter revenue of $23.1 million for 2025, marking a significant increase from the $20.1 million reported in the first quarter. This financial achievement underscores the company's growing influence in the smart home sector, with a 23% sequential rise in gross profit to $7 million and an improved gross margin of 30.3%. The company also reported a 54% reduction in net cash used in operating activities, ending the quarter with $15.7 million in cash and equivalents.

Among the notable developments, SKYX Platforms has entered into a collaboration with a $3 billion mixed-use smart city project in Miami's Little River District. This partnership involves the delivery of over 500,000 units of SKYX's smart plug & play products, showcasing the company's pivotal role in advancing smart city infrastructures. Additionally, SKYX is preparing to launch its patented all-in-one smart turbo heater and ceiling fan, further diversifying its product offerings in the smart home market.

The company has also strengthened its market position through new sales and marketing agreements with global ceiling fan manufacturer Parrot Uncle and expanded partnerships with leading retailers and brands such as Home Depot, Wayfair, Kichler, EGLO, and Ruee. These collaborations are expected to drive further adoption of SKYX's innovative technologies across the U.S. and globally.

Looking ahead, SKYX Platforms plans additional deployments with Cavco Homes, Forte Developments, Jeremiah Baron Companies, and JIT Electrical Supply. These initiatives are supported by a $15 million financing round led by The Shaner Group and key insiders, highlighting the confidence of investors in the company's growth trajectory and its mission to make homes and buildings safer, smarter, and more advanced.

For more information on SKYX Platforms Corp. and its innovative technologies, visit https://skyplug.com/. To stay updated on the latest news and updates relating to SKYX, visit https://ibn.fm/SKYX.