SKYX Platforms Corp
skyplug.comSKYX Platforms Corp (NASDAQ: SKYX) is a smart home technology company that develops plug-and-play ceiling electrical platform technologies and operates an online retail business selling home lighting, ceiling fans, and home furnishings. Revenue comes from product sales through its e-commerce platform, which the company acquired in 2023, combined with sales of its proprietary power-plug and receptacle hardware. The company holds nearly 100 U.S. and global patents and patent-pending applications covering its safe-smart installation platform. For FY2025, SKYX reported revenue of $92.0 million, up 6.6% from $86.3 million in FY2024, while recording an operating loss of $29.1 million and a net loss of $33.4 million. The technology targets the residential and commercial building markets, with products designed to allow light fixtures and ceiling fans to be installed without touching electrical wires. SKYX sells through online channels and positions its platform across the lighting, ceiling fan, and smart home industries.
Products & Services
First- and second-generation universal power-plug and receptacle devices that enable plug-and-play installation of ceiling-mounted light fixtures and ceiling fans without contact with electrical wires. An Advanced All-In-One Safe Smart Sky Platform for app-controlled smart home functionality. Products communicate over MQTT with TLS encryption and individual device certificates. The company also operates an online retail storefront for home lighting, ceiling fans, and home furnishings, acquired in 2023.
Revenue Model
Transactional product sales through an e-commerce platform specializing in home lighting, ceiling fans, and home furnishings, supplemented by sales of proprietary plug-and-play hardware and smart platform devices. FY2025 revenue was $92.0 million; cost of revenues was $64.2 million, implying a gross margin of approximately 30% (FY2025, per 10-K filed 2026-03-26).
Customers & Markets
Residential homeowners and building occupants seeking safe, app-controlled installation of ceiling-mounted electrical products. End markets include the lighting industry, ceiling fan industry, smart home industry, and general home furnishings retail. Customers purchase primarily through online channels.
Geographic Exposure
The filing references the U.S. market as primary, with patents described as U.S. and global. No specific international revenue breakdown is disclosed in the excerpts.
Financial Snapshot
Loading...
