SKYX Platforms Corp. (NASDAQ:SKYX) Q4 2024 Earnings Conference Call March 24, 2025 4:30 PM ET
Company Participants
Rani Kohen – Founder, Inventor and Executive Chairman
Steven Schmidt – President
Leonard Sokolow – Co-Chief Executive Officer
Conference Call Participants
Patrick McCann – Noble Capital
Jack Vander Aarde – Maxim Group
Brandon Rogers – ROTH Capital
Operator
Good day, and welcome to the SKYX Platforms Corporation Fourth Quarter 2024 Earnings Call. All participants’ will be in a listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please note the event is being recorded.
I would now like to turn the conference over to Mr. Rani Kohen, Founder, Inventor and Executive Chairman. Please go ahead, sir.
Rani Kohen
Thank you very much. Good afternoon. We will start our Fourth Quarter 2024 Earnings Call. And with that, I will have Steve Schmidt, our President start with the call. Thank you.
Steven Schmidt
Rani, thank you very much. We have a lot to report, and let’s start. First of all, I’m very pleased to talk about the fact that we grew our revenue 48% in 2024 from $58.8 million in ’23 to $86.3 million in 2024. Net sales of our advanced and smart home-related products surged over 1,000%. We expect our products to be in 20,000 units and homes by Q1 ’25 and additional tens of thousands of units and homes in 2025. We expect significant projects and order growth, resulting in becoming cash flow positive in the second half of 2025. We also achieved revenue growth in 4 consecutive quarters for 2024 from Q1 of $19 million to over $23.7 million in Q4 for record sales.
Our safety code standardization, which is led by Mark Earley, Former Head of the National Electrical Code and Chief Engineer of the
