SKYX Platforms Corp. (NASDAQ: SKYX) reported record revenue for the full year 2025, reaching $92.0 million, up from $86 million in 2024, driven by strong fourth-quarter sales of $25 million. The company also reported gross profit growth to $28 million, reflecting improved operational efficiency. SKYX ended 2025 with $10 million in cash and subsequently raised an additional $29 million in January 2026, strengthening its balance sheet. Operating cash burn was reduced, and net loss per share narrowed to $0.32, bringing the company closer to cash-flow positivity.
The results underscore SKYX's momentum in the smart home market. The company highlighted retail expansion with major partners including Home Depot, Target, Walmart and Lowe’s, and expects to deploy over 100,000 units in 2026. Additionally, SKYX is participating in the NVIDIA AI ecosystem, which could accelerate adoption of its smart home technologies. The company's platform, which includes over 100 U.S. and global patents, aims to make homes and buildings safe, advanced, and smart as the new standard.
SKYX's record revenue and strategic partnerships signal a turning point for the company as it advances toward profitability. The raised capital and reduced cash burn provide a stronger runway to execute its growth plans. The collaboration with NVIDIA positions SKYX at the intersection of AI and smart home technology, potentially opening new market opportunities. For more details, the full press release is available at https://ibn.fm/u4ZOR.
About SKYX Platforms Corp.: As electricity is a standard in every home and building, SKYX's mission is to make homes and buildings become safe-advanced and smart as the new standard. The company owns 60 lighting and home decor websites for both retail and commercial segments. For more information, visit https://skyplug.com/.
