Sql Technologies Corp ( (SKYX) ) has released its Q3 earnings. Here is a breakdown of the information Sql Technologies Corp presented to its investors.
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SKYX Technologies Corp, operating in the smart home technology sector, is a platform technology company with a focus on making homes and buildings safer and smarter through its innovative products. The company has over 100 patents and operates more than 60 lighting and home décor websites.
In its latest earnings report, SKYX Technologies announced record revenues of $24 million for the third quarter of 2025, marking a steady growth from previous quarters. The company has also made significant strides in expanding its market presence through strategic partnerships and product launches.
Key financial highlights include an 8% increase in gross profit to $8 million and an improvement in gross margin to 32%. SKYX has also entered into agreements with major real estate developers to deploy its smart home technologies in projects across the Middle East and the U.S., including a $3 billion smart city development in Miami. Additionally, the company is set to launch new AI-driven software to enhance its e-commerce platform.
Looking ahead, SKYX Technologies is optimistic about its growth trajectory, with plans to deploy over 50,000 products by the end of 2025. The company aims to achieve cash flow positivity and continue expanding its market reach through strategic collaborations and innovative product offerings.