SKYX Platforms Corp. (NASDAQ: SKYX) has reported raising over $33 million in cash since September 30, 2025, including a $25 million straight common investment at $2.50 per share with no warrants. This capital infusion strengthens the company's balance sheet as it advances toward sustained cash-flow generation and profitability. The company also extended and converted $13.5 million in notes to 2030, providing additional financial stability for its growth initiatives.
The company plans to launch new AI-driven e-commerce software across its 60 websites, which could potentially increase conversion rates by up to 30%. This technological enhancement comes as SKYX expects continued revenue growth after seven consecutive comparable quarterly increases through the third quarter of 2025. The company's total addressable market in the United States is estimated at roughly $500 billion with over 4.2 billion ceiling applications nationwide.
SKYX highlighted successful technology demonstrations during a Marriott renovation project and secured a $16.5 million funding round led by hotel owner The Shaner Group. The company anticipates deploying more than 100,000 products in 2026 and has expanded global manufacturing partnerships to support this growth. SKYX's technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services monitoring, and subscriptions, following a "Razor & Blades" business model.
The company's product range includes its advanced ceiling electrical outlet (Razor) and its advanced and smart home plug & play products (Blades), including lighting, recessed lights, down lights, EXIT signs, emergency lights, ceiling fans, chandeliers, pendants, and various indoor and outdoor lighting solutions. SKYX's plug & play technology enables installation of lighting, fans, and smart home products in high-rise buildings and hotels within days rather than months, potentially revolutionizing construction and renovation timelines.
SKYX is actively pursuing mandatory safety standardization through industry code bodies and insurance engagement. The company has a series of highly disruptive advanced-safe-smart platform technologies with over 100 U.S. and global patents and patent pending applications. As electricity is standard in every home and building, SKYX's mission is to make homes and buildings become safe-advanced and smart as the new standard. The company believes its products are a necessity in every room in both homes and other buildings in the United States and globally.
Expected revenue streams from retail and professional segments include product sales, royalties, licensing, subscription, monitoring, and sale of global country rights. For more information about the company's technologies and mission, visit https://skyplug.com/. Additional news and updates relating to SKYX are available through the company's newsroom at https://ibn.fm/SKYX.
