SKYX Platforms Corp. (NASDAQ: SKYX) is making headlines with its ambitious smart home technology deployment in Miami's Little River District, alongside its forthcoming inclusion in the Russell 2000 and Russell 3000 Indexes. This dual achievement underscores the company's rapid growth and its potential to redefine the smart home infrastructure landscape.
The company has been selected as the exclusive smart home infrastructure provider for a $3 billion mixed-use development in Miami, where it will implement over 500,000 smart home devices. This project not only highlights SKYX's technological prowess but also its commitment to enhancing safety and lifestyle through innovative home and building technologies. More details on this project can be found at https://www.skyxplatforms.com.
Further elevating its market position, SKYX's inclusion in the Russell 2000 and Russell 3000 Indexes, effective June 27, 2025, is a testament to its growing market capitalization and the increasing interest from investors. This milestone is often seen as a marker of a company's success and stability in the stock market.
Adding to its list of achievements, SKYX reported a record first-quarter revenue of $20.1 million and anticipates achieving cash flow positivity in the latter half of the year. With a robust portfolio of over 97 U.S. and global patents and patent pending applications, SKYX is solidifying its reputation as a leader in the smart home technology sector. The company's mission to standardize safe, advanced, and smart technologies in homes and buildings is gaining momentum, as evidenced by its strategic projects and market recognition.
