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SKYX Platforms (SKYX) investor relations material

SKYX Platforms Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary12 Nov, 2025

Executive summary

  • Achieved record Q3 2025 revenue of $24 million, up from $23 million in Q2 2025 and $22 million in Q3 2024, marking seven consecutive quarters of growth.

  • Signed major agreements for smart home technology deployment in the Middle East, including Saudi Arabia and Egypt, and in U.S. projects such as Austin, Texas, and Miami.

  • Expanded into hotel, builder, and retail channels, with expectations to deploy over 50,000 units by end of Q4 2025.

  • Advanced safe-smart platform technologies expanded, with new smart features and third-generation products expected in 2026.

  • Ongoing product innovation, manufacturing expansion, and patent portfolio development.

Financial highlights

  • Q3 2025 revenue: $24 million; nine-month revenue: $67.1 million.

  • Gross profit for Q3 2025 increased 8% sequentially to $8 million; gross margin rose to 32% from 30% in Q2 2025.

  • Net loss for Q3 2025 was $7.6 million, improved from $8.6 million in Q3 2024; net loss per share improved to $0.07 from $0.08 sequentially.

  • Adjusted EBITDA loss for Q3 2025: $2.25 million, improved from $2.59 million in Q3 2024; adjusted EBITDA loss per share remained at $0.02.

  • Cash, cash equivalents, restricted cash, and receivables totaled $13 million as of September 30, 2025.

Outlook and guidance

  • Anticipates deploying approximately 50,000 units by year-end, with product mix expanding to higher-ticket items like ceiling fans and heater fans.

  • Expects significant B2B growth starting in 2026, with builder and hotel segments becoming more prominent.

  • AI-driven e-commerce platform upgrade expected to increase conversion rates and sales by 30%, with full impact anticipated by Q1/Q2 2026.

  • Management anticipates being cash flow positive by the end of 2025.

  • Selling, marketing, and general administrative expenses projected to remain stable.

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Frequently asked questions

SKYX Platforms Corp., formerly known as SQL Technologies Corp., specializes in developing smart, safe platform technologies that facilitate the quick and secure installation of electrical fixtures like light fixtures and ceiling fans. These technologies include innovative power-plugs and receptacles that allow for plug-and-play installation directly into a ceiling's electrical outlet box. The company's offerings are designed to enhance safety, reduce costs, and streamline the installation process. The company is headquartered in Pompano Beach, Florida, and its shares are listed on the NASDAQ.

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