SKYX Platforms Corp. continues to build momentum with expanding deployments of its plug-and-play smart technologies, strategic partnerships, and measurable progress toward profitability. The platform technology company, which holds more than 100 pending and issued patents and operates over 60 lighting and home décor websites, reported $15.7 million in cash as of June 30, 2025, followed by a $3.25 million capital raise from an existing lead investor in September.
The company's recent achievements include showcasing its smart technologies during a Marriott Hotel renovation and securing substantial deployment contracts. These include more than 10,000 units for a 278-apartment project in Austin, Texas, and over 500,000 units for Miami's $3 billion Urban Smart Home City development. These large-scale implementations demonstrate growing market acceptance of SKYX's technology platform.
To strengthen its domestic supply chain capabilities, SKYX announced a U.S. manufacturing partnership with Profab Electronics. This domestic production capacity supplements the company's global manufacturing operations in Vietnam, Taiwan, China, and Cambodia, providing greater flexibility and resilience in its supply chain management. Additional information about the company's technology and operations is available at https://skyplug.com/.
Financial performance indicators show sustained improvement, with SKYX reporting six consecutive quarters of revenue growth and a 54% reduction in operating cash use. This financial discipline reflects significant progress toward the company's stated goal of achieving cash-flow positivity by the end of 2025. Titan Partners Group continues to serve as a key strategic advisor, supporting SKYX in financing initiatives and market expansion efforts.
The company's mission focuses on making advanced safety and smart technology the new standard in homes and buildings, positioning electricity as a fundamental utility that should incorporate modern safety and convenience features. With over 97 U.S. and global patents and patent pending applications, SKYX emphasizes high quality and ease of use while enhancing both safety and lifestyle in residential and commercial buildings. The full press release detailing these developments can be accessed at https://ibn.fm/Mh3WU.
