SKYX Platforms Corp. reported record 2025 revenue of $92.0 million, representing an increase from $86 million in 2024, with fourth-quarter sales reaching $25 million. The company also achieved gross profit growth to $28 million while strengthening its financial position with $10 million in cash at year-end and raising an additional $29 million in January 2026. These financial improvements occurred alongside reduced operating cash burn and a narrowed net loss per share to $0.32.
The company highlighted continued momentum across its smart home platform, including significant retail expansion with major home improvement and department stores. SKYX has established partnerships with Home Depot, Target, Walmart and Lowe's, creating broad distribution channels for its smart home technologies. The company expects to deploy over 100,000 units in 2026 through these retail relationships, indicating substantial market penetration for its platform.
SKYX's technological collaborations represent another key aspect of its growth strategy, particularly its participation in the NVIDIA AI ecosystem. This integration positions the company's smart home platform within a leading artificial intelligence framework, potentially enhancing the capabilities and market appeal of its products. The company maintains an extensive intellectual property portfolio with over 100 U.S. and global patents and patent pending applications supporting its platform technologies.
According to company statements, SKYX's mission centers on making homes and buildings "safe-advanced and smart as the new standard," drawing a parallel to electricity as a universal necessity. The company emphasizes high quality and ease of use in its product design while aiming to enhance both safety and lifestyle in residential and commercial spaces. Additional information about the company's technologies and products is available through its corporate website at https://skyplug.com/.
These financial and operational developments position SKYX Platforms for anticipated growth as it advances toward a path to cash-flow positivity. The combination of record revenue, expanded retail distribution, strategic technology partnerships, and improved financial metrics suggests the company is executing on its business strategy while addressing previous financial challenges. Investors seeking additional information about the company can access news and updates through the company's newsroom at https://ibn.fm/SKYX.
