SKYX Platforms management sees ‘accelerated cadence of sales’

“Our year ended December 31 was highlighted by our first two full quarters of significant revenue, including sales and rollout of our advanced ceiling smart and standard plug & play platform products on many leading U.S. and Canadian websites. We believe we have accelerated our cadence of sales with a robust gross margin profile, notably managing the cash burn of SKYX. Our e-commerce platform with over 60 websites is expected to provide additional cash flow to the Company, which, when combined with our existing cash, we anticipate will be sufficient for 18 months of operations. Management anticipates that the Company will become cash flow positive during 2025. We are encouraged with our path to the builder/commercial segments, large online and brick-and-mortar retail partners, as well as to realizing incremental licensing, subscription, and data aggregation revenue that we believe will assist in paving the way for our standardization efforts. Additionally, our e-commerce website platform continues to enhance the acceleration of marketing, distribution channels, collaborations, and sales to both professional and retail segments,” said company management.