Core Insights - SKYX Platforms Corp. anticipates a broad launch of its all-in-one smart ceiling fan and heater in Q3 2025, aiming to achieve cash-flow positive operations by 2025 due to strong demand [1][3][5] Industry Overview - The ceiling fan and space heater category represents a multi-billion-dollar annual market, with tens of millions of units sold in the U.S. alone [1][2] - The innovative product integrates a ceiling fan with a built-in heater, addressing a significant market opportunity across all four seasons [2][3] Company Developments - SKYX will introduce two different models of the product, each available in 6 to 8 colors, targeting both residential and commercial needs [3] - Manufacturing has commenced through long-term partners, indicating a commitment to meeting the anticipated demand [1][3] - The company holds over 97 issued and pending patents globally, emphasizing its focus on innovation and safety in smart home technology [1][6]

Core Insights - SKYX Platforms Corp. has been selected as the exclusive smart home infrastructure provider for a $3 billion mixed-use development in Miami, which will deploy over 500,000 smart home devices [1][2] - The company is set to be included in the Russell 2000® and Russell 3000® Indexes, effective June 27, 2025, as part of FTSE Russell's annual reconstitution [4] - SKYX reported record Q1 2025 results with revenue of $20.1 million, a 4.8% sequential gross margin improvement, and a 17% reduction in general and administrative expenses [5] Company Developments - The Miami project spans 63 acres in the Little River District and will integrate SKYX's patented plug & play technologies across more than 5,700 residential units, including 2,400 affordable apartments [2] - The advanced plug & play smart platform aims to support the next generation of urban developments, contributing to a connected and efficient living environment [4] - The company has expanded its footprint across the U.S. and Canada and anticipates achieving cash flow positivity in the second half of 2025, supported by its razor-and-blade business model [5] Technological Innovations - SKYX holds over 97 U.S. and global patents and patent pending applications for its advanced-safe-smart platform technologies [6] - The company's mission is to make homes and buildings safer and smarter, emphasizing high quality and ease of use to enhance safety and lifestyle [6]

Core Insights - SKYX Platforms Corp. is set to be added to the Russell 2000® and Russell 3000® Indexes, effective June 27, 2025, following the 2025 annual reconstitution [1][2] - The inclusion in these indexes is expected to enhance investor awareness and increase institutional ownership of SKYX's technology platform [3] Company Overview - SKYX is a smart home platform technology company with over 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites [1][4] - The company's mission is to make homes and buildings smart, safe, and advanced, positioning its products as essential in both residential and commercial segments [4] Market Context - The Russell indexes rank the largest U.S. public companies by total market capitalization, with approximately $10.6 trillion in assets benchmarked to these indexes [2][3] - Inclusion in the Russell 3000® Index provides automatic membership in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, along with relevant growth and value style indexes [2]

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 ...

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 a 6% year-over-year growth [5][12] - Gross profit for the first quarter of 2025 increased sequentially by 2% to $5.7 million, with gross margin improving by 4.82% compared to the fourth quarter of 2024 [7][13] - General and administrative expenses decreased by 17% to $6.6 million in the first quarter of 2025 from $7.9 million in the same quarter of 2024 [7][14] - Net cash used in operating activities decreased by 29% to $4 million in the first quarter of 2025 compared to $6.1 million in the fourth quarter of 2024 [13] - The adjusted EBITDA loss decreased to $3.6 million or $0.04 per share in the first quarter of 2025, compared to a loss of $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 plug-and-play products, expecting to reach 30,000 homes in the U.S. and Canada by the end of the second quarter of 2025 [6][14] - The partnership with Profab Electronics aims to enhance production capabilities and efficiency, contributing to the company's growth strategy [15][16] Market Data and Key Metrics Changes - The total addressable market (TAM) in the U.S. is estimated at approximately $500 billion, with over 42 billion sealing applications available [10] - The company is focused on the retail and professional segments, with expected revenue streams from product sales, royalties, licensing, subscriptions, and monitoring [10] Company Strategy and Development Direction - The company is pursuing a razor-and-blade model, with a product range that includes advanced ceiling electrical outlets and smart home plug-and-play products [9] - The company is working on launching new patented products and enhancing its supply chain through partnerships with manufacturers in the U.S. and abroad [15][16] - The management emphasizes the importance of safety code standardization and is actively working with government organizations to expedite this process [17][45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's growth momentum and the potential to become cash flow positive in the second half of 2025 [6][12] - The management highlighted the importance of strategic investments and partnerships to support the company's growth trajectory [8][27] - The company is exploring various manufacturing options to mitigate tariff impacts and enhance domestic production capabilities [39][40] Other Important Information - The company recently secured approximately $4 million in additional equity, part of a broader financing round totaling approximately $15 million [7][8] - The management team includes prominent leaders with extensive experience in the electrical code and lighting industries, which is expected to enhance the company's credibility and influence [17] 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][24] Question: Additional investment from the Shaner Group and hotel distribution channel - The company welcomes strategic investments and is working on product launches that will enhance its market position [26][28] Question: Goals for domestic manufacturing and automation timeline - The company aims to increase domestic production and is exploring options to achieve this, with automation expected to take time due to tooling and production processes [36][41] Question: Safety code standardization process and expected product orders - The company is exploring ways to expedite the safety code standardization process, with a focus on saving lives and mitigating injuries [42][44]

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 ...

Core Insights - The company anticipates its products will be in 30,000 U.S. and Canadian homes by the end of Q2 2025, with expectations for further growth in the second half of 2025 [1][3] - The company is progressing with significant projects and orders that are expected to lead to cash flow positivity in the second half of 2025 [1][15] - General and Administrative expenses decreased by 17% compared to Q1 2024, while gross margin and gross profit improved by 4.8% and 2% respectively in Q1 2025 compared to Q4 2024 [1][3][8] - The company secured an additional $4 million in preferred stock funding, part of a broader financing round totaling approximately $15 million, led by The Shaner Group [1][11] Financial Performance - The company generated record revenues of $20.1 million in Q1 2025, a 6% increase from $18.9 million in Q1 2024 [3][8] - Cash, cash equivalents, and restricted cash as of March 31, 2025, were reported at $12.3 million, down from $15.5 million as of March 31, 2024 [10] - Net cash used in operating activities decreased by 29% to $4 million in Q1 2025 compared to $6.1 million in Q4 2024 [9] - Adjusted EBITDA loss per share improved to $(0.04) in Q1 2025 from $(0.05) in Q1 2024 [12] Market Strategy and Collaborations - The company is focused on a "Razor & Blades" business model, with advanced plug & play products expected to generate recurring revenues through upgrades and subscriptions [7][15] - The total addressable market (TAM) in the U.S. is estimated at $500 billion, with over 4.2 billion ceiling applications [7] - Collaborations with major retailers like Home Depot and Wayfair are expected to enhance market penetration [14][15] - A strategic partnership with JIT Electrical Supply will expand the company's footprint in the electrical and lighting markets [15] Safety and Standardization Efforts - The company is receiving support for its safety code standardization efforts from prominent leaders in government safety organizations [2][14] - The safety code team believes its products can significantly reduce risks such as fires and electrocutions, potentially saving insurance companies billions annually [7][14] Leadership and Management - The management team includes former executives from Fortune 100 companies, indicating strong leadership and industry experience [13] - Recent appointments include Huey Long as head of e-commerce and Greg St. John as President of Lighting, Fans, and Smart Home Products, aimed at enhancing market strategies [15]