Last week, SKYX Platforms Corp. released its financial and operational results for the second quarter ended June 30, 2024, reporting second quarter revenues of $21.4 million compared to $15.0 million for the second quarter of 2023, including sales of its advanced and smart platform plug and play products.
The Q2 report also listed a number of collaborations with manufacturers to date such as Quoizel, Kichler, and Golden Lighting as well as Chinese lighting supplier and manufacturer Ruee Appliances.
The collaboration with Ruee entails SKYX’s advanced and smart products to both professional and retail markets and provides SKYX substantial backing in several areas including financial, mass production manufacturing capabilities, and distribution to global markets, including China and Europe.
In other Q2 accomplishments, SKYX also announced a licensing partnership with General Electric/GE Licensing, as well as a collaboration with Home Depot wherein SKYX will offer a variety of its Advanced and Smart Plug & Play Products including Retrofit Kits, Smart Light Fixtures, Smart Ceiling Fans, Ceiling Outlet Receptacles, and Recessed Lights on Home Depot’s website in the next coming months, with some advanced and smart plug & play retrofit products expected to arrive in a variety of Home Depot stores and online to be offered as a fixture upgrade. “Management believes that the collaboration with Home Depot can be significant for SKYX’s growth to both retail and professional markets,” the press release stated.
Other Q2 successes include the issuance of 6 additional patents in the U.S. and internationally (China, India, Europe, Canada, and Mexico) for its advanced smart Plug & Play Ceiling Fan & Heater. The 6 additional patent issuances cover SKYX’s advanced plug-and-play smart ceiling fan and heater, enabling an all-in-one all-season product providing cool air for summertime and hot air for wintertime.
Furthermore, yesterday SKYX announced a collaboration with EGLO N.A., a manufacturer of decorative and functional lighting and ceiling fans distributed throughout North America and Europe. According to SKYX’s press release, the collaboration provides for the two companies to explore and evaluate the development of products that integrate SKYX’s technology for European and global markets, and the product-driven needs of EGLO’s international customer base.
Related articles
SKYX Platforms & Kichler Partner on Builder-Oriented Series
SKYX Smart Plug & Play Products to be Offered Through Home Depot
