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MIAMI - SKYX Platforms Corp. (NASDAQ:SKYX), a technology company with a market capitalization of $112 million and annual revenues of $87 million, announced today it has been issued eight new patents in the United States, India, Japan, United Kingdom, France, Germany, Italy, and Spain.
The new patents bring the company’s total intellectual property portfolio to over 100 issued and pending patents globally, with 45 patents now issued. SKYX’s patent portfolio covers technologies for plug-and-play smart home platforms, AI capabilities, home safety sensors, ceiling fans, heaters, and lighting systems.
SKYX, which describes itself as a smart home platform technology company, maintains over 60 lighting and home décor websites for retail and commercial segments.
"We are proud to announce these additional 8 patent issuances, which further strengthen our globally robust intellectual property portfolio in the important areas of our advanced safe, smart homes, and sensor technologies," said Rani Kohen, Founder and Executive Chairman of SKYX Platforms.
The company claims its technologies emphasize safety and ease of use for homes and buildings, with applications across residential and commercial settings.
According to the press release statement, SKYX estimates its Total Addressable Market at over $500 billion, though specific revenue figures or growth projections were not provided.
SKYX Platforms trades on the Nasdaq under the ticker symbol SKYX. The company’s core business focuses on developing technologies that integrate safety features with smart home functionality for the electrical, lighting, and ceiling fan industries.
In other recent news, SKYX Platforms Corp. reported its Q1 2025 earnings, revealing a mixed financial performance. The company met its earnings per share (EPS) forecast of -$0.09 but fell short on revenue, reporting $20.1 million against an expected $21.15 million. Despite the revenue miss, SKYX Platforms is actively expanding its product line and has improved its gross margin and cash flow efficiency. Additionally, SKYX Platforms is set to join the Russell 2000 and 3000 indexes, a move anticipated to enhance investor awareness and potentially increase institutional ownership. The company is also collaborating with SG Holdings to develop a $3 billion smart city in Miami, integrating its smart home technologies. Furthermore, SKYX Platforms announced plans to launch its smart ceiling fan-heater combo in Q3 2025, targeting both residential and commercial markets. The company cited strong demand for this product, which combines ceiling fan and heating functions. These developments underscore SKYX Platforms’ commitment to innovation and strategic growth in the smart home technology sector.
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