Curated News
By: NewsRamp Editorial Staff
August 13, 2025
SKYX Platforms Reports Record Q2 Revenue and Expands Smart Home Innovations
TLDR
- SKYX Platforms Corp. reports record Q2 2025 revenue and expanding partnerships, offering investors a unique advantage in the smart home technology sector.
- SKYX Platforms Corp. achieved a 23% sequential gross profit increase to $7 million, with operating cash use falling 54% to $2 million in Q2 2025.
- SKYX Platforms Corp. enhances home safety and lifestyle with smart plug & play products, contributing to smarter, safer living environments globally.
- SKYX Platforms Corp. collaborates on a $3 billion smart city project in Miami, introducing innovative smart turbo heaters and ceiling fans to the market.
Impact - Why it Matters
This news highlights the rapid growth and innovation within the smart home technology sector, led by SKYX Platforms. The company's financial health and strategic partnerships underscore the increasing demand for smart, safe, and easy-to-use home technologies. For consumers, this means more advanced and integrated smart home solutions are on the horizon, promising enhanced safety, convenience, and lifestyle improvements. Investors and industry watchers should note SKYX's expanding footprint and its potential to set new standards in smart home technology.
Summary
SKYX Platforms Corp. (NASDAQ: SKYX), a leader in smart home technology with over 100 patents, announced a record second-quarter revenue of $23.1 million, marking a significant increase from the previous quarter. The company's gross profit surged by 23% to $7 million, with gross margins improving to 30.3%. A notable reduction in net cash used in operating activities by 54% to $2 million was reported, alongside a healthy cash reserve of $15.7 million. SKYX Platforms is making strides in the smart city sector with a collaboration on a $3 billion project in Miami's Little River District, aiming to deliver over 500,000 units of its smart plug & play products. The company is also gearing up for the launch of its patented all-in-one smart turbo heater and ceiling fan, alongside forging new partnerships with global ceiling fan manufacturer Parrot Uncle and expanding collaborations with major retailers like Home Depot and Wayfair. A $15 million financing round led by The Shaner Group and key insiders supports these initiatives.
For more details, visit the full press release at https://ibn.fm/7o112.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, SKYX Platforms Reports Record Q2 Revenue and Expands Smart Home Innovations
