SKYX Platforms (NASDAQ: SKYX) provided a corporate update highlighting $9.5 million in recent investment from leading shareholders, bringing total cash, cash equivalents, restricted cash, and receivables to approximately $13 million as of Sept. 30, 2025, and supporting continued market expansion. The company said it has extended and converted $13.5 million in near-term notes to 2030, strengthened its balance sheet, and believes it has sufficient capital to reach cash flow positivity. Recent developments include a strategic agreement with Global Ventures Group to deploy SKYX smart technologies across tens of thousands of homes and hotel rooms in the Middle East, expanded participation in a $4 billion mixed-use smart city project in Miami expected to include more than 500,000 units, and collaborations with Home Depot and Wayfair. SKYX also reported seven consecutive comparable quarters of revenue growth through Q3 2025, announced the upcoming launch of an AI-driven e-commerce platform designed to boost conversion and sales, and cited progress toward safety code standardization for its ceiling outlet technology, supported by industry veterans and ongoing engagement with regulatory and insurance stakeholders.
To view the full press release, visit https://ibn.fm/EKYpa
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.
NOTE TO INVESTORS: The latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX
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