Core Insights - SKYX Platforms Corp. has announced a collaboration with NVIDIA AI Ecosystem Connect Program, aiming to enhance its smart home projects and technologies [1] - The company has launched its patented SKYFAN and Turbo Heater at major U.S. retailers, including Home Depot, Target, Walmart, and Lowe's, and expects significant growth in these product lines [1] - SKYX has reported a consistent revenue increase for seven consecutive quarters and anticipates further growth and business opportunities in 2026 [1][2] Financial Performance - As of September 30, 2025, the company reported $13 million in cash and equivalents, and has since raised over $33 million, including a $25 million investment at $2.50 per share [2] - The company has extended $13.5 million in notes due until 2030, strengthening its balance sheet for growth initiatives [2] - SKYX expects to deploy over 100,000 products into homes and units by the end of 2026 through retail and professional segments [2] Product Development and Market Expansion - The company is launching an AI-driven software for its e-commerce platform, projected to increase conversion rates and sales by up to 30% [2] - SKYX has secured strategic manufacturing partnerships globally, including in the U.S., Vietnam, Taiwan, China, and Cambodia [3] - The company aims to deploy over 1 million units of its smart home technologies in various upcoming projects, including a $4 billion smart city in Miami and developments in Saudi Arabia and Egypt [1] Safety and Standardization Efforts - SKYX's Safety Code Standardization Team is making progress towards mandatory safety standards for its ceiling outlet technology, supported by industry veterans [7] - The company believes its products can significantly reduce costs for insurance companies by minimizing risks such as fires and electrocutions [7] - SKYX's technologies are positioned to become a standard feature in homes and buildings, with a total addressable market in the U.S. estimated at $500 billion [7]

Core Insights - SKYX Platforms Corp. will be officially added to the Russell 2000 index on June 27, 2025, marking a significant milestone for the company [2] - The company plans to deploy over 500,000 units of its advanced Plug & Play smart home technologies in Miami's $3 billion Urban Smart Home City project [2] - SKYX has received substantial financial backing from U.S. and global manufacturers to support its product deployment [2] Market Acceptance, Progress and Recent Events - The Urban Smart Home City project will feature over 5,700 condos and apartments, retail space, parks, and a new Tri-Rail Station [2] - The project is led by SG Holdings, a joint venture known for transformative urban developments [2] - SKYX's Safety Code Standardization Team is gaining support from a key government safety organization to establish mandatory safety standards for its technologies [2][14] Product Launch and Financial Performance - The company anticipates a surge in demand for its All-In-One Smart Turbo Heater & Ceiling Fan, with a Q3 Winter launch expected to drive cash-flow positivity in 2025 [2] - SKYX generated record revenues of $20.1 million in Q1 2025, up from $18.9 million in Q1 2024 [2] - The company reported a reduction in General and Administrative expenses by 17% to $6.6 million in Q1 2025 [6] Strategic Partnerships and Market Expansion - SKYX has formed a strategic manufacturing partnership with Profab Electronics to enhance its supply chain [5] - The company collaborates with major retailers like Home Depot and Wayfair to expand its market presence [7] - A partnership with JIT Electrical Supply will further extend SKYX's reach in the electrical and lighting markets [7] Safety and Insurance Implications - SKYX believes its products can save insurance companies billions by reducing risks associated with fires and electrocutions [7][14] - The company is focused on a "Razor & Blades" business model, offering a range of smart home products that promote recurring revenue [7] Total Addressable Market - The total addressable market for SKYX's products in the U.S. is estimated at $500 billion, with significant opportunities in both retail and professional segments [7]

Funding Announcement - SKYX Technologies has secured approximately $4 million in recent funding from strategic investors through the purchase of preferred stock at $2.00 per share [1] - This investment is part of a broader financing round totaling approximately $15 million to date, led by The Shaner Group, which owns and develops over 70 hotels worldwide [1][2] - The funding round also saw substantial participation from company insiders, including SKYX President Steve Schmidt and Co-CEOs Lenny Sokolow and John Campi, indicating their confidence in the company's strategic vision and growth trajectory [2] Company Overview - SKYX Technologies is focused on creating advanced and smart home platform technologies, holding over 97 issued and pending patents globally [3] - The company owns more than 60 lighting and home décor websites, catering to 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]