SKYX Platforms announced a new supply contract with Landmark Companies for 15,000 units of its smart plug‑and‑play lighting and safety fixtures for a 340‑unit townhome and apartment development in San Antonio, Texas. The order covers a wide range of residential and common‑area fixtures, including ceiling lighting, recessed lights, downlights, wall lights, EXIT signs, emergency lights, and plug‑in LED backlight mirrors.
The deal is part of SKYX’s strategy to expand its presence in the Texas market and to deepen relationships with large builders. Landmark Companies, a developer with 27 years of experience and more than 3,000 units in development, is a key partner that can help SKYX generate recurring revenue through upgrades, AI‑driven monitoring, and subscription services.
SKYX’s recent financial performance shows steady revenue growth but continued losses. In the third quarter of 2025, the company generated $23.89 million in revenue, down slightly from $24.45 million expected by analysts, and posted a net loss of $7.62 million, a $1.00 million improvement over the same quarter last year. Gross margin expanded to 32% from 30% in Q2, reflecting better pricing and scale in its core product lines.
While the contract value and delivery schedule were not disclosed, the volume of 15,000 units signals a significant operational milestone that could drive future revenue streams. SKYX’s patented plug‑and‑play technology, backed by more than 100 U.S. and global patents, positions the company to standardize safety and simplify installation across new construction projects.
CEO Rani Kohen said the partnership with Landmark Companies “reinforces our commitment to working with leading developers to enhance home value and safety.” The company’s broader strategy includes expanding into hospitality, partnering with Home Depot and Wayfair, and targeting a total addressable market of over $500 billion in the U.S. smart‑home sector.
The deal underscores SKYX’s focus on recurring revenue and long‑term growth, even as it continues to invest heavily to achieve profitability. The company’s seven consecutive quarters of revenue growth demonstrate momentum, but the ongoing net loss highlights the need for continued cost discipline and scale.
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