SKYX reports 48% revenue growth in FY2024 to $86.3M; net loss narrows to $0.36/share

SKYX Platforms Corp.

Full-year revenue $86.3M (+48% YoY from $58.8M); Q4 record revenue $23.7M.
Net loss per share improved to ($0.36) from ($0.45); adjusted EBITDA loss per share ($0.13) from ($0.17).
Cash and restricted cash $15.5M at Dec 31 2024; expects cash flow positive in H2 2025.
Sales of advanced and smart home products surged over 1,000% in 2024; products expected in 20,000 homes by Q1 2025.
Secured $11M preferred equity from Shaner Group and insiders at $2.00/share (no warrants).

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