SKYX Platforms Corp. (SKYX) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the SkyX Platforms Corporation fourth quarter 2024 earnings call. All participants will be in a listen-only mode. Should you need assistance, please signal conference specialists by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. And to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Ronnie Cohen, founder, inventor, and executive chairman. Please go ahead, sir. Thank you very much. Good afternoon. We will start our fourth quarter 2024 earning call. And with that, I will have Steve Schmidt, our president, start with the call. Thank you. Ronnie, 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. 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 2025, 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 four consecutive quarters for 2024, from Q1 of $19 million to to over $23.7 million in Q4 for record sales. Our safety code standardization team, which is led by Mark Early, former head of the National Electric Code and chief engineer of the NFPA and still a member of the International Electric Code, together with Eric Jacobson, former president and CEO of the American Lighting Association, We anticipate major support from...