SKYX Achieves Record First Quarter 2025 Revenue of $20.1 Million, Up from $18.9 Million in the Same Period Last Year, Boosting Market Presence of Smart Platform Products in U.S. and Canadian Markets

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May 14, 2025

SKYX Achieves Record First Quarter 2025 Revenue of .1 Million, Up from .9 Million in the Same Period Last Year, Boosting Market Presence of Smart Platform Products in U.S. and Canadian Markets

SKYX Platforms Corp. (NASDAQ: SKYX) announced ambitious growth plans, expecting its products to reach 30,000 homes across the U.S. and Canada by mid-2025, with projections for significant revenue growth as it becomes cash flow positive in the latter half of the year. The company reported a record revenue of $20.1 million for the first quarter of 2025, up from $18.9 million a year prior, alongside a notable reduction in general and administrative expenses by 17%. SKYX secured an additional $4 million in funding, part of a broader $15 million financing round, and has recently partnered with key manufacturers to bolster its supply chain. Focused on safety and innovation, the company is pushing for standardized safety codes for its ceiling outlet technology, potentially saving billions in insurance costs by minimizing risks in homes.

Original source:

https://www.taiwannews.com.tw/en/news/6110927

SKYX Achieves Record First Quarter 2025 Revenue of $20.1 Million, Up from $18.9 Million in the Same Period Last Year, Boosting Market Presence of Smart Platform Products in U.S. and Canadian Markets

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