SKYX Platforms Reports $9.5M Investment, Expands Global Smart Home Deployments and Reports Seven Quarters of Revenue Growth

SKYX Platforms Corp. (NASDAQ: SKYX) has announced a $9.5 million investment from leading shareholders, bringing its total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of September 30, 2025. The company stated this capital supports its continued market expansion efforts. In a significant financial restructuring, SKYX has extended and converted $13.5 million in near-term notes to 2030, strengthening its balance sheet. Management believes the company now has sufficient capital to reach cash flow positivity.

The investment coincides with several strategic developments for the smart home technology company. SKYX has entered into a strategic agreement with Global Ventures Group to deploy its smart technologies across tens of thousands of homes and hotel rooms in the Middle East. This international expansion is complemented by expanded participation in a $4 billion mixed-use smart city project in Miami, which is expected to include more than 500,000 units. The company has also established collaborations with major retailers Home Depot and Wayfair, broadening its consumer and professional channels.

Financially, SKYX reported seven consecutive comparable quarters of revenue growth through the third quarter of 2025. The company also announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion rates and sales. On the regulatory front, SKYX cited progress toward safety code standardization for its core ceiling outlet technology. This effort is supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders, which could significantly lower adoption barriers for its products in the construction and renovation markets.

The implications of these announcements are multifaceted for the smart home industry and investors. The substantial investment and debt extension provide SKYX with a multi-year financial runway to execute its growth strategy without immediate pressure for additional funding. The large-scale deployment agreements in the Middle East and Miami represent a shift from pilot projects to mass adoption, potentially validating the company's technology platform on a global scale. For the industry, progress on safety code standardization could accelerate the integration of smart ceiling infrastructure as a standard building feature, similar to electrical wiring. The consecutive quarters of revenue growth suggest increasing market traction for SKYX's products, while the planned AI e-commerce platform indicates a focus on optimizing direct-to-consumer and professional sales channels. More information about the company's technologies is available at https://skyplug.com/.