SKYX Platforms (NASDAQ: SKYX), a platform technology company with more than 100 pending and issued patents and over 60 lighting and home décor websites, issued a corporate update highlighting continued financial and operational progress. The company reported $15.7 million in cash as of June 30, 2025, followed by a $3.25 million raise from an existing lead investor in September. SKYX showcased its plug-and-play smart technologies during a Marriott Hotel renovation and secured major deployments, including more than 10,000 units for a 278-apartment project in Austin, Texas, and over 500,000 units for Miami’s $3 billion Urban Smart Home City. The company also announced a U.S. manufacturing partnership with Profab Electronics to strengthen its domestic supply chain, supplementing global production in Vietnam, Taiwan, China, and Cambodia. SKYX’s six consecutive quarters of revenue growth and 54% reduction in operating cash use reflect significant progress toward its goal of achieving cash-flow positivity by the end of 2025, with Titan Partners Group serving as a key strategic advisor in financing initiatives and market expansion.
To view the full press release, visit https://ibn.fm/Mh3WU
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 at https://skyplug.com/ or follow us on LinkedIn.
NOTE TO INVESTORS: The latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX
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