SKYX Platforms (SKYX) Company Report

SKYX Platforms Corp. (SKYX) announced on January 27, 2026, the closing of a registered direct offering, generating $25 million in gross proceeds.
The offering involved the issuance of 10 million shares of common stock at a price of $2.50 per share to one fundamental institutional investor, with no warrants.
The company plans to use the net proceeds from the offering for working capital and general corporate purposes.

Jan 27, 2026, 1:00 PM

Press Release

SKYX Announces $25 Million Registered Direct Offering

SKYX

SKYX Platforms Corp. (SKYX) announced a registered direct offering to raise $25 million in gross proceeds.
The company will issue 10 million shares of common stock at a purchase price of $2.50 per share to one fundamental institutional investor, with no warrants.
The offering is expected to close on or about January 26, 2026, and the net proceeds will be used for working capital and general corporate purposes.
Roth Capital Partners is acting as the exclusive placement agent and will receive a cash fee equal to 6.5% of the gross proceeds and reimbursement of $75,000 for expenses.

Jan 26, 2026, 1:00 PM

8-K

SKYX Platforms Announces $25 Million Registered Direct Offering

SKYX

SKYX Platforms Corp. has entered into a securities purchase agreement with one institutional investor to raise $25 million in gross proceeds through a registered direct offering.
The offering involves the issuance of 10 million shares of common stock at a purchase price of $2.50 per share, with no warrants.
The closing of the offering is expected on or about January 26, 2026, and the net proceeds will be used for working capital and general corporate purposes.

Jan 23, 2026, 1:00 PM

Press Release

SKYX Platforms Announces Strategic Investment

SKYX

New Projects/Investments

Revenue Acceleration/Inflection

SKYX Platforms Corp. closed a $4 million equity investment from Philotimo Fund, LP, on January 14, 2026.
The investment involved the purchase of 2,000,000 shares of common stock at $2.00 per share, with no warrants.
This latest funding brings SKYX's total recent funding to $14 million over the past three months, aimed at strengthening its balance sheet and accelerating its path to cash flow positive.

Jan 14, 2026, 3:42 PM

Press Release

SKYX Platforms Corp. secures $4 million from strategic investor

SKYX

New Projects/Investments

SKYX Platforms Corp. entered into a Securities Purchase Agreement on January 7, 2026, with a new strategic investor.
The company closed on gross proceeds of $4,000,000 through the sale of 2,000,000 shares of common stock at a price of $2.00 per share.
The proceeds from this sale will be utilized for general working capital purposes.
The company plans to file a Registration Statement for the resale of the Common Shares within thirty (30) days following the Closing Date of January 13, 2026.

Jan 13, 2026, 10:00 PM

8-K

SKYX Platforms Provides Corporate Update, Reports Revenue Growth, and Announces Strategic Deployments

SKYX

Revenue Acceleration/Inflection

New Projects/Investments

Product Launch

SKYX Platforms Corp. secured $9.5 million in recent investment and reported $13 million in total cash, cash equivalents, restricted cash, and receivables as of September 30, 2025. The company also extended and converted $13.5 million in notes due, pushing maturity out to 2030.
The company achieved seven consecutive comparable quarters of revenue growth from Q1 2024 through Q3 2025, reaching $24 million in Q3 2025. Management expects the winter launch of its SKYFAN and Turbo Heater to advance its path to becoming cash-flow positive.
SKYX is launching its SKYFAN and Turbo Heater in Target and the Canadian market, with plans to deploy over 60,000 products by the end of Q1 2026. Significant projects include deploying over 500,000 units in a $4 billion Miami smart city development and over 25,000 units in two Texas projects.
The company is expanding its AI ecosystem and launching new AI-driven software for its e-commerce platform, projected to increase conversion rates and sales by up to 30%.

Jan 5, 2026, 4:16 PM

Press Release

SKYX Launches SKYFAN & TURBO HEATER in Canada

SKYX

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

SKYX Platforms Corp. is launching its patented all-in-one ceiling plug & play SKYFAN & TURBO HEATER in Canada through its Canadian e-commerce websites and other platforms.
This innovative product, which combines a ceiling fan with a built-in turbo heater, targets a multi-billion-dollar market in North America.
Management anticipates the launch will generate significant revenue beginning this Winter and continuing throughout Fiscal Year 2026, advancing the company's path to cash-flow positivity.
Production is currently underway, with a broad rollout expected in Q4 2025 and Q1 2026.

Dec 10, 2025, 2:00 PM

Press Release

SKYX Platforms Corp. Issues Series A-2 Preferred Stock

SKYX

Convertible Preferred Issuance

On December 5, 2025, SKYX Platforms Corp. signed and closed a Securities Purchase Agreement with an existing strategic investor, resulting in $1.0 million in gross proceeds.
Pursuant to the agreement, the investor purchased 40,000 shares of newly-authorized Series A-2 Preferred Stock at a purchase price of $25.00 per share.
The Series A-2 Preferred Stock provides for cumulative cash dividends at an annual rate of 8% of the original issue price, payable quarterly, and is convertible into common stock at a conversion price of $2.00 per share.
The company intends to use the proceeds from this issuance for working capital and other general corporate purposes.

Dec 5, 2025, 10:15 PM

8-K

SKYX Platforms Corp Reports Record Q3 2025 Revenue and Secures Major New Projects

SKYX

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

SKYX Platforms Corp reported record revenue of $24 million for the third quarter of 2025, an increase from $23 million in the second quarter of 2025, marking seven consecutive quarters of revenue growth.
The company's gross profit increased 8% sequentially to $8 million in Q3 2025, with gross margin rising 4% to 32% compared to Q2 2025. Net loss per share decreased by 1 cent to 7 cents in Q3 2025.
SKYX secured significant new projects, including an agreement to deploy smart home technologies in Middle East projects (Saudi Arabia and Egypt) and a collaboration for a Miami $3 billion mixed-use urban smart home city project expecting to supply over 500,000 units.
As of September 30, 2025, the company held $13 million in cash and equivalents and restructured approximately $11 million in notes with a new maturity date in 2030.
SKYX anticipates launching a new AI-driven software for its e-commerce platform by Q1 or Q2 2026, projected to increase conversion rates and sales by 30%, and expects major growth in the B2B segment starting in 2026.

Nov 12, 2025, 9:30 PM

Transcript

SKYX Platforms Corp. Reports Record Q3 2025 Revenue and Secures Major Smart Home Projects

SKYX

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

SKYX Platforms Corp. reported record revenue of $24 million in Q3 2025, marking its seventh consecutive quarter of revenue growth.
The company's gross profit increased 8% sequentially to $8 million in Q3 2025, with gross margin rising to 32%. Net loss per share improved to $0.07 from $0.08 in the prior quarter.
SKYX secured significant new projects, including an agreement to deploy hundreds of thousands of units in Middle East real estate developments and supplying over 500,000 units for a Miami $3 billion Smart Home City Project.
As of September 30, 2025, the company held $13 million in cash, cash equivalents, restricted cash, and receivables.
SKYX anticipates launching its patented advanced and smart Turbo Heater Fan and Plug-and-Play Ceiling Fans this month, and an AI-driven e-commerce software by Q1 or Q2 2026, expected to boost conversion rates and sales by 30%.