Breaking Records: SKYX Reports Impressive 4th Quarter 2024 Revenues
SKYX Revenues Increased from Quarter to Quarter During 2024
MIAMI, March 17, 2025 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies)
SKYX, a highly disruptive advanced and smart home platform technology company for homes and buildings, has reported record-breaking revenues in the fourth quarter of 2024. The company announced revenues of $23.7 million, surpassing the previous quarter’s earnings of $22.2 million. The consistent revenue growth throughout 2024 showcases SKYX’s dedication to innovation and expansion in the market.
The company’s financial success can be attributed to its strategic funding initiatives, including a recent $1 million preferred funding round led by The Shaner Group, a leading Marriott Hotels owner. This funding, in addition to the $11 million secured in October 2024, brings the total to $12 million in preferred funding. This financial support has allowed SKYX to accelerate its product development and market reach.
SKYX expects its products to be installed in 20,000 units/homes by the end of Q-1 2025 in the U.S. and Canada, catering to both retail and professional segments. The company’s innovative technologies offer opportunities for recurring revenues through interchangeability, upgrades, monitoring, and subscriptions. With over 97 issued and pending patents globally and a portfolio of over 60 lighting and home décor websites, SKYX is poised for continued success in the smart home industry.
How SKYX’s Success Will Affect Me
As a consumer, the success of SKYX means access to advanced and smart home technologies that offer convenience, security, and energy efficiency. With their products expected to reach 20,000 units/homes in the near future, there will be more opportunities to enhance living spaces with cutting-edge solutions. SKYX’s focus on interchangeability and upgrades ensures that consumers can adapt their smart home systems to their evolving needs, providing a personalized and seamless experience.
How SKYX’s Success Will Affect the World
SKYX’s disruptive technologies and consistent revenue growth signal a shift towards smarter and more efficient living spaces on a global scale. By offering products that cater to both retail and professional segments, SKYX is driving innovation in the smart home industry and setting new standards for functionality and sustainability. The company’s commitment to recurring revenues through monitoring and subscriptions opens up possibilities for long-term environmental impact and energy conservation, contributing to a more sustainable future for homes and buildings worldwide.
Conclusion
SKYX’s impressive 4th quarter 2024 revenues of $23.7 million showcase the company’s commitment to innovation, growth, and market expansion in the smart home industry. With strategic funding initiatives, a strong portfolio of patents, and a focus on recurring revenues, SKYX is well-positioned for continued success in providing advanced and smart home technologies to consumers and professionals alike. As the company continues to expand its market reach and product offerings, the world can expect to see a transformation in the way we interact with and experience our living spaces, with a focus on efficiency, sustainability, and convenience.
