SKYX Q1 2025 revenue record $20.1M (+6% YoY); net loss $(0.09)/share; $4M funding led by Shaner Group

SKYX Platforms Corp.

2025-Q1 EPS reported -$0.09 revenue$20,113,938

Revenue of $20.1M, up 6% from $18.9M in Q1 2024; gross profit $5.7M, up 2% sequentially from Q4 2024.
Net loss per share $(0.09) vs $(0.10) in Q1 2024; Adjusted EBITDA loss $(0.04)/share vs $(0.05).
G&A expenses down 17% to $6.6M from $7.9M; cash $12.3M as of March 31, 2025 (vs $15.5M a year ago).
Secured $4M preferred stock at $2/share, part of $15M round led by Shaner Group with insider participation.
Expects cash flow positive in H2 2025; products projected in 30,000 U.S./Canadian homes by end of Q2 2025.

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