SKYX Platforms Corp. (SKYX)

SKYX stock surged 8.7% after launching its SKYFAN & Turbo Heater at Home Depot. The company closed a registered direct offering, raising $25.0 million. SKYX Platforms Corp. was reported to be up 16.21% in one week. SKYX Platforms Corp. closed a $4 million equity investment from Philotimo Fund, LP. SKYX Platforms Corp. reported a Q3 loss but topped revenue estimates. SKYX Platforms' price target was increased by 12.86% to $4.03. Litchfield Hills initiated coverage of SKYX Platforms (SKYX) with a Buy recommendation. SKYX Platforms' revenue jumped 8% in Q2. The company held its Q2 2025 Earnings Conference Call.

The SKYFAN & Turbo Heater is designed for year-round use, addressing both heating and cooling needs. The year-round utility of its combined heating and cooling ceiling fan product indicates an effort to create consistent demand.

SKYX Platforms Corp. operates in the smart home technology sector, developing platform technologies for safe installation of electrical fixtures. Its major products include SkyPlug and Receptacle, SKYFAN & Turbo Heater, SkyHome App, Smart Universal Power-Plug and Receptacle, Plug and Play Ceiling Fans and Lightings, and All-in-One Smart Sky Platform. The company also owns and operates over 60 lighting and home décor websites, providing a strong e-commerce platform and diversified revenue streams.

SKYX Platforms Corp. generates its income from lighting and heating products sold in the USA. The company estimates its U.S. total addressable market at approximately $500 billion, with over 4.2 billion ceiling applications in the U.S. alone. Its platform technologies and products are intended for residential, commercial, hospitality, and institutional buildings worldwide, and it holds numerous U.S. and global patents.

SKYX Platforms Corp. has garnered positive brand recognition for its innovative smart home platform technology. The company has been honored with seven CES awards over the past year. Its smart ceiling plug has received approvals from U.S. safety and standardization bodies such as the NEC, ANSI/NEMA, and AIA.

SKYX Platforms Corp. has a diverse ownership structure, with 12.20% held by institutional shareholders, 34.92% by insiders, and 52.89% by retail investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Geode Capital Management, LLC, State Street Corp., Corient Private Wealth LLC, Motek 7 SQL LLC and Strul Associates LP. Key individual owners (insiders) include Dov Shiff, Ran Roland Kohen, Steven Siegelaub, Thomas J. Ridge, Leonard J. Sokolow, John P. Campi and The Harry Mittelman Revocable Living Trust.