The leading smart home technology company SKYX Platforms Corp. (NASDAQ: SKYX), announced preliminary second-quarter results which included its sixth consecutive quarter of record revenue. The company reported Q2 revenue of $23.1 million, up from $20.1 million in Q1 2025. The company’s continued expansion across retail, professional, and e-commerce channels has been the driver leading to six straight quarters of revenue growth.
From Q1 2024 through Q2 2025, SKYX reported the following sequential revenue growth:
Q1 2024: $19.0 million
Q2 2024: $21.4 million
Q3 2024: $22.2 million
Q4 2024: $23.7 million
Q1 2025: $20.1 million
Q2 2025: $23.1 million
The company expects its smart home and lighting products to be installed in 40,000 homes or units across the U.S. and Canada by the end of the second quarter, spanning both retail and professional distribution channels.
Leveraging a strong cash position and a robust e-commerce network of 60 websites, SKYX continues to gain market traction with backing from strategic investors and insiders. Management anticipates that upcoming product launches, including smart heater fans, will support a path to cash flow positivity in 2025. As SKYX expands its market presence through its “razor and blades” model, the company is also positioning itself for future recurring revenue streams via product interchangeability, system upgrades, real-time monitoring, and subscription services.
Executive Chairman Rani Kohen highlighted the significance of the company’s sustained growth and market penetration, “We are extremely proud to report record second-quarter revenues as we continue to build on six straight quarters of growth. Our expanding presence across retail and pro channels, supported by our e-commerce platform and innovative technologies, positions us to redefine the smart home standard. We remain focused on scaling our footprint and unlocking long-term value through recurring revenue opportunities.”
With a growing portfolio of over 97 issued and pending patents globally, SKYX continues to position itself as a disruptive force in the smart home technology space, focused on delivering safety, convenience, and scalable innovation.
To see SKYX’s technologies in action, click here.
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. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. 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 .
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