SKYX Pre-Announces Record Second Quarter 2025 Revenues of $23.1 Million Compared to First Quarter Revenues of $20.1 Million, as it Continues to Grow Market Penetration

Core Insights - SKYX Platforms Corp. has reported consistent revenue growth for six consecutive quarters from Q1 2024 to Q2 2025, with Q2 2025 revenues reaching $23.1 million, up from $20.1 million in Q1 2025 [1][2][5] - The company anticipates its products will be present in 40,000 units/homes in the U.S. and Canada by the end of Q2 2025, leveraging both retail and professional segments [1][2] - SKYX is focused on enhancing its cash position through its e-commerce platform, which includes 60 websites, and support from strategic investors [1][2] - Upcoming product launches, such as smart heater fans, are expected to contribute to cash flow positivity in 2025 [1][2] - The company employs a "Razor and Blades" business model, which aims to create recurring revenue opportunities through product interchangeability, upgrades, monitoring, and subscriptions [1][2] Financial Performance - Revenue figures for SKYX from Q1 2024 to Q2 2025 are as follows: $19 million (Q1 2024), $21.4 million (Q2 2024), $22.2 million (Q3 2024), $23.7 million (Q4 2024), $20.1 million (Q1 2025), and $23.1 million (Q2 2025) [1][5] - The company has achieved record pre-audited financial results for Q2 2025, indicating strong growth momentum [1][2] Company Overview - SKYX Platforms Corp. is a technology company focused on smart home solutions, holding over 97 issued and pending patents globally [3] - The company operates over 60 lighting and home décor websites, targeting both retail and commercial segments [3] - SKYX aims to enhance safety and lifestyle in homes and buildings, positioning its products as essential in every room [3]