SKYX Platforms Reports Record Q3 Revenue and Expands Global Smart-Building Deployments

SKYX Platforms Corp. (NASDAQ: SKYX) reported record third quarter 2025 revenue of $24 million, representing significant growth for the smart-building technology company. The company achieved an 8 percent sequential gross profit increase to $8 million, maintaining a strong 32 percent gross margin while building toward cash flow positivity expected by the end of 2025. Financial stability was further enhanced by $13 million in cash and receivables, supplemented by an additional $5 million financing commitment from lead shareholders.

The company's expansion strategy includes accelerating large-scale deployments of its advanced smart plug-and-play technologies through multiple new agreements. A partnership 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 requires 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 capabilities are supported through a U.S. partnership with Profab Electronics, ensuring domestic production capacity for the expanding deployment schedule. The company's technology continues to gain adoption from Marriott-affiliated investors, indicating growing confidence in the hospitality sector. SKYX's safety code standardization efforts maintain regulatory momentum, potentially establishing the company's technologies as industry standards.

Digital transformation initiatives include an AI-driven e-commerce upgrade targeting a 30 percent conversion lift, enhancing the company's online sales capabilities. Management emphasizes the substantial market opportunity, highlighting a U.S. total addressable market of approximately $500 billion across 4.2 billion ceiling applications. The company has extended $11 million in notes to 2030, providing financial flexibility for continued expansion. Additional information about the company's technologies and progress is available at https://skyplug.com/.