SKYX Platforms Corp. (NASDAQ: SKYX) has achieved a notable milestone with its inclusion in the Russell 2000 Index, effective after market close on June 27, 2025. This recognition comes as the company deploys over 500,000 units of its Plug & Play technologies, including an AI-powered platform, in Miami's $3 billion Urban Smart Home City project. This initiative, in collaboration with SG Holdings and designed by Arquitectonica, signifies a significant advancement in smart city development.
The company's recent financial performance further underscores its growth, with a 6.3% increase in Q1 2025 revenue to $20.1 million and $15 million in preferred stock funding secured from strategic investors, including The Shaner Group. With rising product demand, SKYX is gearing up for the Winter 2025 launch of two All-In-One Smart Turbo Heater & Fan models. These developments are supported by partnerships with leading retailers and manufacturers such as Home Depot, Wayfair, Cavco Homes, Kichler, and EGLO, aiming to facilitate installations in over 30,000 homes by Q2 2025.
Management's confidence in achieving cash-flow positivity within the year reflects the company's robust growth trajectory and the broader industry's shift towards smart home technologies. For more details, visit https://skyplug.com/.
