SKYX Platforms Corp. (NASDAQ: SKYX) reported record revenue of $92.0 million for the full year 2025, up from $86 million in 2024, driven by strong fourth-quarter sales of $25 million. The company also achieved gross profit growth to $28 million, reflecting improved operational efficiency. These results underscore SKYX's momentum in the smart home market as it advances its platform technologies and expands retail presence.
The company strengthened its balance sheet by ending 2025 with $10 million in cash and raising an additional $29 million in January 2026. Operating cash burn narrowed, and net loss per share improved to $0.32. The financial progress signals a clear path toward cash-flow positivity, a key milestone for the company's long-term sustainability.
SKYX highlighted continued momentum across its smart home platform, including retail expansion with major chains such as Home Depot, Target, Walmart and Lowe's. The company expects to deploy over 100,000 units in 2026, leveraging its advanced-safe-smart platform technologies. Additionally, SKYX is collaborating within the NVIDIA AI ecosystem, which could accelerate product innovation and market reach.
The company's mission is to make homes and buildings safe-advanced and smart as the new standard. With over 100 U.S. and global patents and patent pending applications, SKYX owns 60 lighting and home decor websites serving both retail and commercial segments. Its technologies emphasize high quality and ease of use while enhancing safety and lifestyle.
For more details, the full press release is available at https://ibn.fm/u4ZOR. Additional news and updates are accessible in the company's newsroom at https://ibn.fm/SKYX.
As electricity is standard in every home and building, SKYX aims to make smart technology a standard as well. The record revenue and strategic partnerships position the company for continued growth and profitability in the evolving smart home industry.
