SKYX Platforms Reports Strong Momentum with Major Deployments and Path to Profitability

SKYX Platforms Corp. (NASDAQ: SKYX) has reported substantial momentum across multiple business fronts, including expanding deployments of its plug-and-play smart technologies, strategic manufacturing partnerships, and significant progress toward profitability. The platform technology company, which holds more than 100 pending and issued patents and operates over 60 lighting and home décor websites, provided a corporate update highlighting its financial and operational achievements.

The company reported $15.7 million in cash as of June 30, 2025, followed by an additional $3.25 million capital raise from an existing lead investor in September. This financial stability supports SKYX's continued expansion and technological deployment initiatives across residential and commercial markets.

Recent deployment milestones underscore the growing adoption of SKYX's smart technologies. The company showcased its plug-and-play systems during a Marriott Hotel renovation, demonstrating the practical application of its solutions in commercial hospitality settings. More significantly, SKYX secured major residential 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 development. These large-scale implementations indicate strong market acceptance of SKYX's technology platform.

To support its expanding operations, SKYX announced a strategic U.S. manufacturing partnership with Profab Electronics, strengthening the company's domestic supply chain capabilities. This domestic manufacturing capacity supplements SKYX's global production facilities in Vietnam, Taiwan, China, and Cambodia, providing geographic diversification and supply chain resilience.

Financial performance metrics show consistent improvement, with SKYX reporting six consecutive quarters of revenue growth and a 54% reduction in operating cash use. This operational efficiency positions the company to achieve its stated goal of cash-flow positivity by the end of 2025. Titan Partners Group serves as a key strategic advisor in financing initiatives and market expansion efforts, supporting SKYX's growth trajectory.

The company's mission focuses on making homes and buildings safe-advanced and smart as a new standard, positioning electricity as a fundamental utility in modern construction. With over 97 U.S. and global patents and patent pending applications, SKYX's technologies emphasize high quality, ease of use, and significant enhancements to both safety and lifestyle in residential and commercial buildings. Additional information about the company's technology platform is available at https://skyplug.com/.

For investors seeking comprehensive information about SKYX Platforms, the company maintains an updated newsroom at https://ibn.fm/SKYX. The full corporate update press release can be accessed through https://ibn.fm/Mh3WU.