SKYX Reports Record Q4 2024 Revenue Growth, Expects 20,000 Homes by Q1 2025

SKYX Technologies reported record revenues of $23.7 million for the fourth quarter of 2024, marking consistent growth throughout the year. The company has secured an additional $1 million in preferred funding, bringing its total funding to $12 million led by The Shaner Group. By the end of the first quarter of 2025, SKYX expects its products to be installed in 20,000 homes across the U.S. and Canada, bolstered by strategic partnerships with companies like Cavco Homes and Wayfair. The company aims to enhance its market presence through its innovative smart home technologies, which are designed for both retail and professional segments. SKYX's leadership team is being strengthened with industry veterans to support its expansion efforts. Overall, these developments position SKYX as a significant player in the smart home technology market, enhancing stakeholder confidence.