SKYX Platforms Corp. reported record third-quarter 2025 revenue of $24 million alongside an 8 percent sequential gross profit increase to $8 million, achieving a 32 percent gross margin. The company maintains $13 million in cash and receivables while securing an additional $5 million financing from lead shareholders as it advances toward cash flow positivity by the end of 2025. These financial improvements come as SKYX extends $11 million in notes to 2030 while accelerating large-scale deployments of its advanced smart plug and play technologies across multiple global markets.
The company's expansion includes new agreements with Global Ventures Group for tens of thousands of units in the Middle East, a $3 billion Miami smart city project requiring more than 500,000 units, and a 278-unit Texas development. Retail and professional segment collaborations continue with major partners including Home Depot, Wayfair and Parrot Uncle, supported by a U.S. manufacturing partnership with Profab Electronics. The company also reports continued adoption from Marriott-affiliated investors, indicating growing acceptance in the hospitality sector.
SKYX's safety code standardization efforts continue gaining regulatory momentum, potentially establishing new industry standards for smart building technologies. The company's AI-driven e-commerce upgrade targets a 30 percent conversion lift, enhancing its digital sales capabilities. Management highlights a U.S. total addressable market of roughly $500 billion across 4.2 billion ceiling applications, suggesting substantial growth potential for the company's platform technologies. For additional company information, visit https://skyplug.com/.
The company's mission to make homes and buildings safe, advanced and smart as the new standard is supported by a series of highly disruptive platform technologies with over 97 U.S. and global patents and patent pending applications. These technologies emphasize high quality and ease of use while significantly enhancing both safety and lifestyle in residential and commercial buildings. The latest news and updates relating to SKYX are available in the company's newsroom at https://ibn.fm/SKYX.
