SKYX Platforms Corp. (NASDAQ: SKYX) has announced its inclusion in the Russell 2000 Index, effective after market close on June 27, 2025. This development underscores the company's growing influence in the smart home technology sector, particularly as it prepares to deploy over 500,000 units of its Plug & Play technologies in Miami's $3 billion Urban Smart Home City project. This initiative, backed by global manufacturers and led by SG Holdings with design by Arquitectonica, represents a significant step forward in integrating smart technologies into urban living spaces.
The company's recent financial performance further highlights its trajectory, with Q1 2025 revenue reaching $20.1 million, a 6.3% increase year-over-year. Additionally, SKYX has secured $15 million in preferred stock funding from strategic investors, including The Shaner Group, signaling strong confidence in its business model and future prospects. With product demand on the rise, SKYX is gearing up for the Winter 2025 launch of two All-In-One Smart Turbo Heater & Fan models, expanding its product lineup to meet the evolving needs of the smart home market.
Partnerships with major retailers and manufacturers such as Home Depot, Wayfair, Cavco Homes, and lighting leaders Kichler and EGLO, are expected to facilitate installations in over 30,000 homes by Q2 2025, with tens of thousands more anticipated in the latter half of the year. These collaborations not only demonstrate the industry's recognition of SKYX's innovative technologies but also its potential to redefine safety and lifestyle standards in homes and buildings worldwide.
Management's reaffirmation of its goal to achieve cash-flow positivity this year reflects the company's confidence in its strategic direction and the scalability of its technologies. As SKYX Platforms Corp. continues to expand its footprint in the smart home industry, its inclusion in the Russell 2000 Index and the Miami smart city project serve as pivotal milestones that underscore the transformative potential of smart home technologies in shaping the future of urban living.
