SKYX Platforms (SKYX) Newsfilter·2025-03-24 20:01Core Insights - SKYX Platforms Corp. reported a significant surge in sales of its advanced and smart home products, with an increase of over 1,000% expected to reach 20,000 units/homes by Q1 2025 and tens of thousands more throughout 2025 [1] - The company achieved revenue growth for four consecutive quarters in 2024, culminating in record sales of 58.8 million in 2023 to 23.7 million compared to 24.6 million in 2024, representing 28% of revenue, positively impacted by the acquisition of the Belami e-commerce platform [7] - As of December 31, 2024, cash and cash equivalents amounted to 13.0 million as of September 30, 2024 [5][8] Strategic Partnerships and Market Expansion - SKYX collaborates with major retailers such as Home Depot and Wayfair to expand its advanced and smart plug & play product offerings [7] - The company has secured partnerships with leading lighting companies and prefabricated home manufacturers to integrate its technologies into new developments [7] - A strategic partnership with JIT Electrical Supply aims to enhance SKYX's distribution in the electrical and lighting markets, targeting over 100,000 U.S. homes [7] Safety and Standardization Efforts - SKYX's safety code standardization team is working towards mandatory safety standards for its ceiling technology, with expectations of support from additional safety organizations [1][6] - The company believes its products can significantly reduce risks such as fires and electrocutions, potentially saving insurance companies billions annually [6]