earnings
confidence high
sentiment positive
materiality 0.75
SKYX pre-announces record Q4 2024 revenue of $23.7M; secures additional $1M preferred funding
SKYX Platforms Corp.
- Q4 2024 revenue $23.7M (record), up from $22.2M Q3; quarterly revenue grew sequentially all 2024 from $19M Q1.
- Additional $1M preferred funding from Shaner Group, bringing total recent preferred funding to $12M (includes $11M Oct 2024).
- Expects products in 20,000 homes/units by end of Q1 2025 across retail and pro segments in US/Canada.
- Appointed Huey Long (former Amazon E-Commerce Director) as head of e-commerce; Greg St. John (ex-Home Depot) as President of Lighting, Fans, Smart Home.
- New collaborations with Cavco Homes (prefab) and Forte Developments (luxury high-rises) for smart plug & play tech integration.