Operating Cash Used in 2025 Amounted to $13 Million Compared to $18 Million in 2024, Representing a $5 Million (27%) Reduction in Cash Used in Operating Activities
SKYX Raised $29 Million in Q1 2026 Investments from Fundamental Institutions
SKYX Announced Collaboration with NVIDIA AI Ecosystem Connect Program, Expecting to Grow Its Collaboration with NVIDIA into Future Smart Home Projects
SKYX Announced Launch of Its Advanced SKYFAN and Turbo Heater on Its E-Commerce Platform with 60 Websites, 1stoplighting.com, and U.S. Leading Retailers Including Home Depot, Target, Lowe's, and Walmart
Based on the Growing Sales of Its Patented Turbo Heater Fan, SKYX Is Expanding the Category of the "All-Season Ceiling Fan", Heat in Winter and Cool in Summer, to Provide Additional Products in New Designs and Larger Sizes
Company Expects to Continue Its Growth in 2026 to Advance Its Path to Cash-Flow Positive
SKYX Anticipates Securing Significant Business Opportunities in the Hotel and Builder Segments in the First Half of 2026
SKYX's Enhanced Safety Code Standardization Team Continues Its Progress Toward Its Goal of a Safety-Mandated Standardization in Homes/Buildings of Its Life-Saving Ceiling Outlet/Receptacle Technology
SKYX Is Expected to Supply Its Advanced Smart Home Technologies to Upcoming and Future Key Projects in the U.S. and Globally, Including New York, North Carolina, Austin, San Antonio, South Florida (Including Miami's New $4 Billion Smart City), Saudi Arabia, and Egypt
SKYX Is Expected to Deploy Over 1 Million Units of Its Advanced Smart Home Plug-and-Play Technologies During These Projects
SKYX Continues to Grow Its Market Penetration and Expects to Deploy Over 100,000 of Its Products into Homes/Units by the End of 2026 Through Retail and Pro Segments
SKYX's Technology Expansion Provides Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, and More
SKYX Will Be Launching a New AI-Driven Software in 2026 for Its E-Commerce Platform of 60 Websites, Which Is Expected to Increase Conversion Rates and Sales Up to 30%
MIAMI, March 26, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a SKYX Technologies) (the "Company" or "SKYX"), an award winning, highly disruptive advanced and smart home platform technology company with over 100 U.S. and Global pending and issued patents and a portfolio of 60 lighting and home décor websites, with a mission to make homes and buildings become advanced-safe-smart instantly as the new standard, today reported its financial and operational results for the Fourth Quarter and Fiscal Year ended December 31, 2025.
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SKYX will hold a conference call today, March 26, 2026, at 4:30 pm, Eastern Time, to discuss the results.See below for dial-in information.
Fourth Quarter 2025 and Subsequent Highlights:
SKYX reports record sales $92.0 million in 2025 compared with $86 million in 2024.
Generated a record $25 million in revenue in Q-4 2025 compared to $24 million in Q-4 2024.
Gross profit in 2025 increased to $28 million, from $25 million, representing a 13% increase.
SKYX is armed with cash, cash equivalents and restricted cash of $10 million as of December 31, 2025, together with $29 million the Company subsequently raised in January 2026 (from one fundamental investors in straight equity with no warrants), as compared to $16 million as of September 30, 2025.
Management expects significant growth in 2026 to advance its path to becoming cash-flow positive.
SKYX's e-commerce sales are converted into cash rapidly, advancing it cash position often referred to as the "Dell Working Capital Model", lowering its cost of capital.
In light of its strengthened balance sheet following recent capital raises, management believes the Company is well capitalized to execute its growth initiatives while progressing toward sustained cash-flow generation and profitability.
SKYX has successfully demonstrated its technology during a Marriott Hotel renovation and expects to grow its hotel segment during 2026.
Marriott Hotel chain owner, The Shaner Group, led a $16.5 million investment round. The Shaner Group is an owner and developer of more than 70 hotels worldwide.
Company is expecting to secure additional significant business opportunities in 2026.
SKYX continues its growth and expects to deploy over 100,000 of its products into homes/units during 2026 through retail and pro segments.
SKYX announced the launch of its patented advanced SKYFAN and Turbo Heater to the leading U.S. retailer ...
