SKYX Platforms Corp. (NASDAQ: SKYX) has achieved a notable milestone with its inclusion in the Russell 2000 Index, set to take effect after the market closes on June 27, 2025. This recognition comes as the company deploys over 500,000 units of its Plug & Play technologies, including an AI-powered platform, in Miami's $3 billion Urban Smart Home City project. This initiative, in partnership with SG Holdings and designed by Arquitectonica, signifies a significant advancement in smart city development.
The company's financial performance further underscores its growth, with a 6.3% increase in Q1 2025 revenue to $20.1 million and $15 million in preferred stock funding secured from strategic investors like The Shaner Group. Anticipating higher product demand, SKYX is gearing up for the Winter 2025 launch of two All-In-One Smart Turbo Heater & Fan models. Collaborations with leading retailers and manufacturers, including Home Depot, Wayfair, Cavco Homes, Kichler, and EGLO, are projected to enable installations in over 30,000 homes by Q2 2025, with expectations for tens of thousands more in the subsequent months.
With management optimistic about achieving cash-flow positivity within the year, SKYX Platforms Corp. is poised for continued expansion and increased adoption of its innovative smart home technologies. For more details, visit https://skyplug.com/.
