SKYX Platforms Corp. Joins Russell 2000 Index, Advances Smart City Initiatives

SKYX Platforms Corp. (NASDAQ: SKYX) will be included in the Russell 2000 Index effective after market close on June 27, 2025, a testament to its growing influence in the smart home technology sector. The company is making strides with its Plug & Play technologies, including an AI-powered platform, by deploying over 500,000 units in Miami's ambitious $3 billion Urban Smart Home City project. This development, spearheaded by SG Holdings and designed by Arquitectonica, spans 63 acres and is supported by global manufacturers.

In its financial disclosures, SKYX reported a Q1 2025 revenue of $20.1 million, up 6.3% from the previous year, and secured $15 million in preferred stock funding from strategic investors, including The Shaner Group. The company is also preparing for the Winter 2025 launch of two All-In-One Smart Turbo Heater & Fan models, anticipating increased product demand. With partnerships with major retailers and manufacturers like Home Depot, Wayfair, Cavco Homes, Kichler, and EGLO, SKYX expects its technologies to be installed in over 30,000 homes by Q2 2025, with tens of thousands more installations projected for the latter half of the year. SKYX's management remains confident in achieving cash-flow positivity within the year.