SKYX Platforms Corp. announced $9.5 million in recent investment from leading shareholders, bringing total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of September 30, 2025. The company stated this supports continued market expansion and believes it has sufficient capital to reach cash flow positivity. SKYX also extended and converted $13.5 million in near-term notes to 2030, strengthening its balance sheet. Recent strategic developments include an agreement with Global Ventures Group to deploy SKYX smart technologies across tens of thousands of homes and hotel rooms in the Middle East. The company has also expanded participation in a $4 billion mixed-use smart city project in Miami expected to include more than 500,000 units. These partnerships represent significant growth opportunities for SKYX's smart home platform technologies.
The company reported seven consecutive comparable quarters of revenue growth through the third quarter of 2025, demonstrating consistent market traction. SKYX announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales, which will be accessible through their website at https://skyplug.com/. This platform represents the company's continued innovation in smart home technology integration. Progress continues toward safety code standardization for SKYX's ceiling outlet technology, supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders. The company's technologies, which include over 97 U.S. and global patents and patent pending applications, emphasize high quality and ease of use while enhancing safety and lifestyle in homes and buildings.
SKYX has established collaborations with major home improvement and furniture retailers including Home Depot and Wayfair, expanding consumer access to their smart home solutions. The company maintains that its products are becoming a necessity in every room in both homes and other buildings in the United States and globally. Additional company information and updates are available in the company's newsroom at https://ibn.fm/SKYX. The financial strengthening through shareholder investment and debt restructuring provides SKYX with extended runway to execute on its global expansion strategy. The Middle East deployment agreement and Miami smart city project involvement position the company to scale its technology across diverse residential and hospitality markets. The consecutive revenue growth indicates increasing market adoption of SKYX's smart home solutions, while the upcoming AI e-commerce platform launch represents a strategic move to capture direct consumer sales. The ongoing safety standardization efforts could accelerate broader industry acceptance of SKYX's ceiling outlet technology, potentially creating new market opportunities. The retail partnerships with industry leaders like Home Depot and Wayfair provide critical distribution channels for reaching mainstream consumers. These developments collectively suggest SKYX is transitioning from a development-stage company to one with growing commercial traction and expanding global footprint in the competitive smart home technology sector.
