SKYX Platforms Corp. is dedicated to developing intelligent and secure platform technologies. Their initial product line simplifies the installation of items like light fixtures, ceiling fans, and other electrical devices, enabling them to easily plug into a ceiling's existing electrical outlet box. Furthermore, the company offers a more advanced, second-generation platform designed to significantly improve the safety and enhance the lifestyle experience in both homes and other buildings. SKYX's product offerings include various power-plugs, universal power-plug and receptacle systems, and a range of smart devices. Established in 2004, the company was formerly known as SQL Technologies Corp. before officially changing its name to SKYX Platforms Corp. in June 2022. Its operations are based in Pompano Beach, Florida.
SKYX Reports 14% Growth and Record Sales of $25.3 Million in Q-2 2026 Compared to $22.1 Million in Q-1 2026 and 10 Consecutive Quarters of Growth YoY and as It Continues to Grow Its Market Penetration
SKYX reported record Q2 2026 revenue of $25.3 million, representing a 14% sequential increase and 10% year-over-year growth, marking the tenth consecutive quarter of positive YoY growth.
The company strengthened its balance sheet with $27.7 million in cash and equivalents, while reducing cash used in operating activities by 39% sequentially to $3.7 million.
Commercial execution accelerated with new licensing agreements with Eurofase and the NVIDIA AI Ecosystem, alongside expanded retail distribution at Home Depot, Target, Walmart, and Lowe's.