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SKYX To Supply its Technologies to a 340-Unit Townhome and Apartment Project in San Antonio, Texas Built by Prominent Developers Landmark Companies
Globenewswire· 2025-11-19 14:24
Core Insights - SKYX Platforms Corp. is set to supply 15,000 units of its advanced smart plug and play technologies for a residential development project in San Antonio, Texas, which includes 340 units comprising 88 townhomes and 252 apartments [2][3][4] - Landmark Companies, with 27 years of experience, is leading the development and specializes in modern homes and buildings, currently having over 3,000 units in development across Texas, Florida, and Colorado [2][3][4] Company Overview - SKYX Platforms Corp. holds over 100 pending and issued patents globally and operates more than 60 lighting and home décor websites, aiming to make homes and buildings safer and smarter [2][6] - The company emphasizes high quality and ease of use in its technologies, which are designed to enhance safety and lifestyle in residential and commercial settings [6] Collaboration Details - The collaboration between SKYX and Landmark Companies is expected to expand into future projects, providing opportunities for recurring revenues through upgrades, AI services, and subscriptions [2][4] - Landmark Companies' CEO expressed excitement about integrating SKYX's technologies into their projects, aiming to enhance safety, convenience, and design standards [4]
SKYX Reports Record Revenues of $24 Million in Third Quarter 2025 Compared to $23 Million for Second Quarter 2025 as it Continues to Grow its Market Penetration
Globenewswire· 2025-11-12 21:05
Core Insights - SKYX Platforms Corp. reported a record revenue of $24 million in Q3 2025, marking a 4% increase from Q2 2025 and an 8% increase from Q3 2024 [2][8][14] - The company has experienced consistent revenue growth for seven consecutive quarters, with revenues ranging from $19 million in Q1 2024 to $24 million in Q3 2025 [1][7] - Gross profit improved by 8% to $8 million in Q3 2025, with gross margin increasing to 32% from 30% in Q2 2025 [4][8][14] Financial Performance - As of September 30, 2025, the company reported $13 million in total cash, cash equivalents, restricted cash, and receivables [2][9] - The adjusted EBITDA loss per share remained stable at $0.02 in Q3 2025, with a net loss per share decreasing to $0.07 from $0.08 in Q2 2025 [4][12] - The company raised $5 million in additional capital from leading shareholders and extended $11 million in notes due until 2030 [2][11] Strategic Developments - SKYX signed an agreement with Global Ventures Group to deploy its smart home technologies in Middle Eastern projects, including Saudi Arabia and Egypt, expecting to supply hundreds of thousands of units [1][4][15] - A major collaboration was established for a $3 billion mixed-use smart city project in Miami, where SKYX is expected to provide over 500,000 units of its technologies [4][15] - The company plans to launch an AI-driven software for its e-commerce platform, aiming to increase conversion rates and sales by 30% [1][4][15] Product and Market Expansion - SKYX is set to supply over 10,000 units of its technologies for a 278-apartment project in Austin, Texas, and is collaborating with Home Depot and Wayfair for retail distribution [4][15] - The company’s total addressable market in the U.S. is estimated at $500 billion, with significant opportunities for recurring revenues through various business models [7][15] - The Safety Code Standardization Team is making progress towards establishing mandatory safety standards for its technologies, supported by industry veterans [7][9]
SKYX to Present at the LD Micro Main Event XIX
Newsfile· 2025-10-16 15:32
Company Overview - SKYX Platforms Corp. is a disruptive platform technology company with over 100 pending and issued patents globally and over 60 lighting and home décor websites [1][6] - The company's mission is to make homes and buildings safe and smart as the new standard, emphasizing high quality and ease of use while enhancing safety and lifestyle [6] Event Details - SKYX will present at the 19th annual LD Micro Main Event on October 20th at 9:30 AM PT in San Diego, California [1][3] - The event will run from October 19th to 21st, featuring around 120 companies presenting in half-hour increments and conducting one-on-one investor meetings [4][5] Leadership Engagement - Rani Kohen, Founder and Executive Chairman, and Lenny Sokolow, CEO, will be presenting and engaging with investors during the conference [1][3] - The presentation will focus on SKYX's growth strategy and recent milestones, providing an opportunity for direct engagement with investors [3]