SKYX Platforms Corp. (NASDAQ: SKYX) has provided a corporate update highlighting $9.5 million in recent investment from leading shareholders, bringing total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of Sept. 30, 2025. The company stated that it has extended and converted $13.5 million in near-term notes to 2030, strengthened its balance sheet, and believes it has sufficient capital to reach cash flow positivity.
Recent developments include a strategic 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 its participation in a $4 billion mixed-use smart city project in Miami expected to include more than 500,000 units. Additionally, SKYX has collaborations with Home Depot and Wayfair, and reported seven consecutive comparable quarters of revenue growth through Q3 2025.
The company announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales, and cited progress toward safety code standardization for its ceiling outlet technology, supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders. For more details, the full press release is available at https://ibn.fm/ATYY8.
SKYX Platforms focuses on making homes and buildings safe, advanced, and smart as the new standard. With over 97 U.S. and global patents and patent pending applications, the company's technologies emphasize high quality and ease of use, enhancing safety and lifestyle. For more information, visit https://skyplug.com/.
