SKYX Platforms Corp. Experiences 15% Revenue Growth in Q2 2025, Analysts Project 164.83% Upside

SKYX Platforms Corp reported a 15% revenue increase in Q2 2025, reaching $23.1 million. Analysts project a potential 164.83% upside with an average price target of $3.13. The company boasts 45 patents and is distributing products to over 40,000 homes by late 2023. Four analysts have provided a one-year price target for SKYX, with an average recommendation of 2.0, translating to an "Outperform" status.

SKYX Platforms Corp (NASDAQ: SKYX), a leading provider of smart home technologies, reported a 15% revenue increase in the second quarter of 2025, reaching $23.1 million. This marks a significant milestone for the company, which has been expanding its market penetration through strategic collaborations and innovative product offerings.

The company's strong financial performance is reflected in its cash position, which increased to $15.7 million as of June 30, 2025, compared to $12.3 million at the end of March 2025. SKYX has been leveraging its cash position to finance operations and enhance its market position [1].

SKYX's revenue growth was driven by several factors, including a major collaboration with a $3 billion mixed-use smart city development in Miami. The company is expected to supply over 500,000 units of its advanced smart home technologies for this project alone. Additionally, SKYX has secured strategic partnerships with leading retailers and manufacturers, such as Home Depot, Wayfair, and Cavco Homes, to expand its product distribution [1].

Analysts are optimistic about SKYX's prospects, with four analysts providing a one-year price target for the company. The average recommendation is 2.0, translating to an "Outperform" status. The average price target is $3.13, indicating a potential 164.83% upside from the current stock price [1].

SKYX's patent portfolio, which includes 45 issued patents and numerous pending applications, further underscores its technological leadership in the smart home market. The company's products are expected to be in 40,000 units by the end of Q3 2025, demonstrating its strong market acceptance and growth trajectory [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/12/3132138/0/en/SKYX-Reports-Increase-of-15-with-Record-Second-Quarter-2025-Revenues-of-23-1-Million-Compared-to-20-1-Million-for-First-Quarter-2025-as-it-Continues-to-Grow-its-Market-Penetration-.html