Curated News
By: NewsRamp Editorial Staff
May 15, 2025
SKYX Platforms Reports Record Q1 Revenue Growth and Strategic Collaborations Driving Expansion
TLDR
- SKYX Platforms (NASDAQ: SKYX) achieved a record Q1 2025 revenue of $20.1 million, expanding market penetration with strategic collaborations.
- SKYX Platforms focuses on making homes and buildings safe-advanced and smart as the new standard through disruptive technologies and global patents.
- SKYX Platforms' emphasis on high quality and safety in homes enhances lifestyle, contributing to a better future with positive cash flow expectations in 2025.
- SKYX Platforms' products are reaching 30,000 homes by Q2, scaling across the U.S. and Canada, with $4 million raised in new equity and notable collaborations.
Impact - Why it Matters
This news highlights SKYX Platforms' financial success and market expansion, showcasing the company's innovative technologies and growth potential. The strategic collaborations with major retailers indicate a strong market presence and future scalability. Investors and consumers alike should take note of SKYX's promising outlook and the positive impact its products are making on safety and lifestyle enhancements.
Summary
SKYX Platforms (NASDAQ: SKYX) reported record Q1 2025 revenue of $20.1 million, up 6% year-over-year, with strategic collaborations driving growth. The company's gross profit increased to $5.7 million, and net loss per share narrowed to ($0.09). SKYX raised $4 million in new equity as part of a $15 million financing round. Management expects positive cash flow in 2025 as products expand across North America.
SKYX's disruptive platform technologies emphasize safety and lifestyle enhancements, with over 97 U.S. and global patents. The company's products are gaining traction in the market, targeting 30,000 homes by Q2 2025. Collaborations with major retailers like Home Depot and Wayfair are boosting market penetration. For more details, visit here.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, SKYX Platforms Reports Record Q1 Revenue Growth and Strategic Collaborations Driving Expansion
