SKYX Platforms Corp. reported record third-quarter 2025 revenue of $24 million, marking significant financial progress as the company advances toward cash flow positivity by the end of 2025. The company achieved an 8 percent sequential gross profit increase to $8 million, representing a 32 percent gross margin, while maintaining $13 million in cash and receivables. Additional financial support came from lead shareholders who provided $5 million in financing, and the company extended $11 million in notes to 2030, strengthening its financial position for continued expansion.
The company is accelerating large-scale deployments of its advanced smart plug-and-play technologies through multiple strategic agreements. A significant partnership with Global Ventures Group will deploy tens of thousands of units across the Middle East, while a major $3 billion Miami smart city project will require more than 500,000 SKYX units. Additional deployments include a 278-unit Texas development and retail collaborations with major home improvement and lighting retailers including Home Depot, Wayfair and Parrot Uncle. These retail partnerships complement the company's professional segment growth and are supported by a U.S. manufacturing partnership with Profab Electronics.
SKYX's technology continues gaining adoption from Marriott-affiliated investors, indicating growing confidence in the company's smart-building solutions across the hospitality sector. The company's safety code standardization efforts maintain regulatory momentum, potentially establishing new industry standards for building safety and smart technology integration. Management estimates the U.S. total addressable market at approximately $500 billion across 4.2 billion ceiling applications, highlighting the substantial growth potential for the company's platform technologies.
An AI-driven e-commerce upgrade targets a 30 percent conversion lift, representing another strategic initiative to enhance customer engagement and sales performance. The company maintains an extensive intellectual property portfolio with over 97 U.S. and global patents and patent pending applications protecting its disruptive platform technologies. For additional information about the company's technologies and progress, visit https://skyplug.com/. The latest corporate updates and financial information are available through the company's newsroom at https://ibn.fm/SKYX.
