SKYX Platforms Corp. (NASDAQ: SKYX) 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. The company's gross profit saw a 23% sequential rise to $7 million, with gross margins improving to 30.3%. Additionally, net cash used in operating activities decreased by 54% to $2 million, and the company concluded the quarter with $15.7 million in cash and equivalents.
Among the recent 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. The company is also preparing to launch its patented all-in-one smart turbo heater and ceiling fan, alongside new sales and marketing agreements with global ceiling fan manufacturer Parrot Uncle. Furthermore, SKYX has expanded its partnerships with major retailers and manufacturers, including Home Depot, Wayfair, Kichler, EGLO, and Ruee.
Future deployments are planned with Cavco Homes, Forte Developments, Jeremiah Baron Companies, and JIT Electrical Supply. These expansions are supported by a broader $15 million financing round led by The Shaner Group and key insiders. For more details on SKYX Platforms Corp. and its innovative smart home technologies, visit https://skyplug.com/.
The advancements and financial growth of SKYX Platforms Corp. underscore the increasing demand for smart home technologies and the company's pivotal role in shaping the future of safe, advanced, and smart living spaces. This news is crucial for investors, industry stakeholders, and consumers alike, as it highlights the rapid evolution and adoption of smart home solutions in the global market.
