SKYX Platforms Corp. reported record third-quarter 2025 revenue of $24 million, marking a significant milestone for the smart-building technology company. The financial results included an 8 percent sequential gross profit increase to $8 million, representing a 32 percent gross margin, with $13 million in cash and receivables providing substantial financial stability. The company's lead shareholders demonstrated continued confidence by providing an additional $5 million in financing as SKYX advances toward cash flow positivity by the end of 2025.
The company extended $11 million in notes to 2030 while accelerating large-scale deployments of its advanced smart plug and play technologies through multiple strategic agreements. New partnerships with Global Ventures Group will bring tens of thousands of units to the Middle East market, while a major $3 billion Miami smart city project will require more than 500,000 SKYX units. Additional deployments include a 278-unit Texas development and retail collaborations with major home improvement and lighting retailers including Home Depot, Wayfair and Parrot Uncle.
Manufacturing capacity is being strengthened through a U.S. partnership with Profab Electronics, ensuring domestic production capabilities to meet growing demand. The company continues to gain adoption from Marriott-affiliated investors, indicating confidence in the hospitality sector for smart-building implementations. SKYX's safety code standardization efforts continue gaining regulatory momentum, potentially establishing new industry standards for building safety and technology integration.
The company is implementing AI-driven e-commerce upgrades targeting a 30 percent conversion lift, reflecting its commitment to digital transformation and customer engagement. Management emphasizes the substantial market opportunity, highlighting a U.S. total addressable market of approximately $500 billion across 4.2 billion ceiling applications. This market size underscores the potential for widespread adoption of smart-building technologies across residential, commercial and hospitality sectors.
For additional information about SKYX Platforms and its technology offerings, visit https://skyplug.com/. The company maintains an active newsroom for investor updates at https://ibn.fm/SKYX where stakeholders can access the latest corporate developments and financial information.
