SKYX Platforms Gains Momentum with Major Smart City Contract

A transformative agreement to supply technology for a multi-billion dollar development in Miami is propelling SKYX Platforms Corp. toward a new phase of growth. The smart home technology provider is demonstrating its capacity to expand beyond niche applications, supported by a consistent pattern of improving quarterly financial results.

The company’s second-quarter 2025 financial update revealed a sixth consecutive period of record revenue, reaching $23.1 million. This represents a 15% increase over the previous quarter. A particularly encouraging sign for investors was the significant improvement in cash management. The net cash used in operating activities was nearly halved, dropping to $2.0 million. Furthermore, SKYX Platforms maintains a solid liquidity position with $15.7 million on hand.

To bolster its financial foundation, the company secured an... Read more...