Company to Deploy Over 500,000 Smart Home Units in $3 Billion Development; Joins Russell 2000® and 3000® Indexes NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) -- PRISM MarketView, an investor-focused platform tracking small and emerging growth companies, today featured SKYX Platforms Corp. (NASDAQ: SKYX) following a series of significant milestones, including its selection as the exclusive smart home infrastructure provider for a $3 billion mixed-use development in Miami and its upcoming inclusion in the Russell ...

MIAMI, May 27, 2025 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (“SKYX” or the “Company”), a highly disruptive smart home platform technology company with over 97 issued and pending patents globally and a growing portfolio of over 60 lighting and home décor websites, with a mission to make homes and buildings become smart, safe, and advanced as the new standard, today announced that it is set to be added to the Russell 2000® and the broad-market Russell 3000® Index following the 2025 annual reco ...

Core Viewpoint - SKYX Platforms Corp. has announced a collaboration on a $3 billion mixed-use smart city development in Miami's Little River District, which aims to redefine urban living through advanced smart home technologies and sustainable design [1][10]. Group 1: Project Overview - The development will cover 63 acres and include over 5,700 residential units, with a focus on workforce and affordable housing [7][6]. - It will feature 350,000 square feet of retail space, including major retailers and restaurants, alongside 1.5 million square feet of green walkways, parks, and bike paths [7][6]. - A new $35 million Tri-Rail station will be part of the project, enhancing transportation options for residents [7]. Group 2: Technology Integration - SKYX is expected to deploy over 500,000 units of its advanced plug-and-play smart home technologies, which include an AI ecosystem and various smart home products [2][3]. - The smart home platform will provide features such as Wi-Fi, emergency calling, intercom systems, and safety detectors, ensuring a safe and connected living environment [4][9]. - The integration of these technologies is designed to enhance safety, functionality, and the overall experience for residents [9]. Group 3: Financial and Developmental Aspects - The project is led by SG Holdings, a joint venture that includes prominent developers such as Swerdlow Group and SJM Partners, known for their previous successful projects [1][6]. - SKYX's technologies are expected to create long-term recurring revenue opportunities through upgrades, monitoring services, and subscriptions [5]. - The collaboration marks a significant step towards establishing a model for future smart urban living, emphasizing safety and connectivity [9].

SKYX Platforms Corp. (NASDAQ:SKYX) Q1 2025 Earnings Conference Call May 14, 2025 4:30 PM ET Company Participants Rani Kohen - Founder, Inventor and Executive Chairman Steven Schmidt - President Leonard Sokolow - Co-CEO Conference Call Participants Patrick McCann - Noble Capital Jack Vander Aarde - Maxim Group Operator Good day, and welcome to the SKYX Platforms Corp. First Quarter 2025 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Before we begin, please note that to ...

SKYX Platforms (SKYX) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Company Participants Rani Kohen - Founder & Executive ChairmanSteven Schmidt - PresidentLeonard Sokolow - Co-CEO Conference Call Participants Patrick McCann - Equity Research AnalystJack Vander Aarde - SVP & Senior Research Analyst Operator Before we begin, please note that today's call may contain forward looking statements based on current expectations and assumptions. These are subject to risks and uncertainties, and actual results may ...

Financial Data and Key Metrics Changes - The company reported first quarter sales of $20.1 million for 2025, an increase from $18.9 million in the first quarter of 2024, marking the fifth consecutive quarter of year-over-year revenue growth [5][12] - General and administrative expenses decreased by 17% to $6.6 million compared to $7.9 million in the first quarter of 2024 [7][13] - Gross profit increased to $5.7 million, with a gross margin improvement of 4.82% sequentially from the fourth quarter of 2024 [7][14] - Net cash used in operating activities decreased by 29% to $4 million compared to $6.1 million in the fourth quarter of 2024 [13] - Adjusted EBITDA loss decreased to $3.6 million or $0.04 per share, compared to $4.5 million or $0.05 per share in the first quarter of 2024 [13][14] Business Line Data and Key Metrics Changes - The company continues to grow its market penetration of advanced and smart platform products, expecting to have products in 30,000 U.S. and Canadian homes by the end of the second quarter of 2025 [6][14] - The product range includes advanced ceiling electrical outlets and smart home plug-and-play products, with a focus on a razor and blade model for recurring revenues [8][9] Market Data and Key Metrics Changes - The total addressable market (TAM) in the U.S. is approximately $500 billion, with over 42 billion sealing applications [10] - The company is utilizing an e-commerce platform of over 60 websites to enhance market penetration in both retail and professional segments [11] Company Strategy and Development Direction - The company is focused on building a resilient, efficient, and localized supply chain, with partnerships in the U.S. and overseas [15] - Plans to launch new patented products are underway, with expectations for significant growth in the second half of 2025 [16][18] - The company aims to mitigate risks associated with tariffs by exploring domestic manufacturing options while maintaining relationships with international suppliers [39][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current momentum and significant activity within the business, indicating a strong belief in achieving cash flow positivity in the second half of 2025 [4][6] - The management team is actively working on safety code standardization, which is expected to enhance product adoption and market penetration [17][46] Other Important Information - The company secured approximately $4 million in additional equity through preferred stock investments, part of a broader financing round totaling approximately $15 million [7][8] - The company is focused on the razor and blade model, which includes a variety of smart home products that can lead to recurring revenue streams [9][10] Q&A Session Summary Question: Current state of manufacturing and cost differences with U.S. partnership - The company is collaborating with Profab Electronics to automate production, with minimal cost differences anticipated [22][23] Question: Additional investment from the Shaner Group and hotel distribution channel - The company welcomes strategic investments and is rolling out production for products needed in the hotel market [25][27] Question: Goals for domestic manufacturing and automation timeline - The company aims to increase domestic production and is exploring options for automation, which will take time to fully implement [36][41] Question: Safety code standardization process and expected product orders - The company is working with various organizations to expedite the safety code standardization process, with a focus on saving lives and mitigating injuries [42][46]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41276 SKYX PLATFORMS CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiz ...

Exhibit 99.1 Exhibit 99.1 Earnings Press Release, dated May 14, 2025 SKYX Reports Record First Quarter 2025 of $20.1 Million Compared to $18.9 Million for First Quarter 2024 as it Continues to Grow its Market Penetration of its Advanced and Smart Platform Products in the U.S and Canadian Markets Company Expects Significant Projects and Orders that will Enable it to Become Cash Flow Positive in Second Half of 2025 General and Administrative Expenses Decreased by 17% as Compared to the First Quarter of 2024 a ...

Company expects its products to be in 30,000 U.S. and Canadian homes by the end of the Second quarter of 2025. Company is Progressing with Significant Projects and Orders that will Enable it to Become Cash Flow Positive in Second Half of 2025 General and Administrative Expenses Decreased by 17% as Compared to the First Quarter of 2024 and Gross Margin and Gross Profit Improvement by 4.8% and 2% in the First Quarter of 2025 Sequentially from the Fourth Quarter of 2024 SKYX Announces Additional $4 million in ...

MIAMI, May 13, 2025 (GLOBE NEWSWIRE) -- SKYX (NASDAQ: SKYX) (d/b/a "SKYX Technologies"), a highly disruptive advanced and smart home platform technology company for homes and buildings, with more than 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites, announced today that it has secured approximately $4 million in recent funding from strategic investors through the purchase of preferred stock representing $2.00 per share. This investment is part of a broader ...