SKYX Platforms (US:SKYX) Yahoo Finance·2026-02-09 19:12Company Overview - SKYX Platforms Corp. specializes in smart, safe, and easy-to-install plug-and-play technologies for lighting and ceiling fan applications, including interactive canopies and smart lighting bases. The company combines innovative hardware with software-enabled functionality to meet the demand for modernized home and commercial lighting solutions while simplifying installation and improving safety standards [4]. Financial Performance - In its third-quarter 2025 earnings call, SKYX reported record revenue of $24 million, marking its seventh consecutive quarter of revenue growth, indicating increasing adoption of its product portfolio [3]. - The company is preparing to launch a new AI-driven software platform aimed at enhancing both B2B and B2C customer experiences, with management expecting this technology to lift e-commerce conversion rates by approximately 30% [3]. Strategic Initiatives - Analyst Gerry Sweeney from Roth Capital raised the price target on SKYX to $5 from $4.25 while maintaining a Buy rating, citing steady execution across the company's strategic roadmap and growing confidence that SKYX is approaching a key inflection point [1]. - Recent progress includes securing new product placements, strengthening the company's e-commerce strategy, and expanding distribution channels, all expected to support improving scale and margin expansion over time [1]. Market Position - Founded in 2004 and headquartered in Pompano Beach, Florida, SKYX appears increasingly well-positioned to translate its expanding distribution footprint, product innovation, and technology investments into sustained revenue growth and improved profitability as it moves toward its next phase of scale [4].