AI and Tech Emerger, SKYX Platforms (SKYX) Sheds Light on Strong Record Q1 Sales

Tech and AI lighting company, SKYX Platforms Corp (SKYX) announced its Q1 financial results after-market close yesterday. The company reported record Q1 sales of $19.0M, which increased from its previous sales of $18.6M, a year ago and expects to be cash flowing positive by 2025. The company has experienced growth in its market penetration as its advanced and smart technologies products reach both retail and commercial segments via its e-commerce platform which includes over 60 lighting and home décor websites.

The 7-time CES award winning, SKYX has collaborated and partnered with multiple leading-lighting companies that include Kichler, Ruee Appliances, Quoizel and General Electric (GE) with whom they have a five-year global licensing partnership. The company’s products have reached thousands of homes across the US and Canada and are expected to continue its reach to being in tens of thousands of homes, within a year.

The PRISM NextGen Tech and AI Index company has over 90 pending and issued patents, globally that include New Global Smart Home and AI related patents, which enable and enhance performance of smart home and AI sensors, in addition to home safety sensors.

Additionally, in 2023 SKYX filed for a mandatory safety standardization with the National Electric Code (NEC) for its ceiling outlet receptacle in homes and buildings. Its efforts are spearheaded by its code team leaders, former head of the NEC, Mark Early and Eric Jacobson, former President, and CEO of the American Lighting Association (ALA).

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 90 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn. 

 

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AI and Tech Emerger, SKYX Platforms (SKYX) Sheds Light on Strong Record Q1 Sales

Ashlee Vogenthaler

Markets Editor