SKYX Achieves Record $25M Q4 Revenue, $29M Equity Raise Fuels Growth
SKYX reported record Q4 revenue of $25M, driving its annual sales to $92M, up from $86M in 2024, marking eight consecutive quarters of growth. Gross profit rose 13% to $28M and operating cash use fell 27% to $13M; the company raised $29M in equity to support its cash-flow path.
1. Financial Results
SKYX posted record Q4 2025 revenue of $25M, lifting annual sales to $92M from $86M in 2024. Gross profit increased 13% to $28M while operating cash usage declined 27% to $13M.
2. Cash and Financing
The company ended 2025 with $10M in cash and equivalents and secured an additional $29M equity raise in January 2026. It also extended $13.5M of notes through 2030 to support growth initiatives.
3. Product Launches and Partnerships
SKYX launched its SKYFAN and Turbo Heater across 60 e-commerce sites and major retailers including Home Depot, Target, Lowe’s, and Walmart. It joined NVIDIA’s AI Ecosystem Connect Program and plans to deploy AI-driven e-commerce software to boost conversion rates by up to 30%.
4. Growth Outlook
Management expects to deploy over 100,000 units into homes in 2026 and supply 1M units to global smart-home projects in regions such as Miami’s $4B smart city. The company anticipates significant business in hotel and builder segments on its path to cash-flow positivity.