New NASDAQ Alert [Inside]

AwesomeStocks Hello! New Alert: SKYX Platforms Corp. (NASDAQ: SKYX) SKYX is our brand new NASDAQ alert that could present a breakout opportunity. SKYX has a chart setup suggesting the potential for high gains. SKYX has a 50 day moving average of 2.09, more than 50% above Friday’s close. Plus, SKYX has a RSI of only 25, suggesting the opportunity for big upside. In addition, SKYX announced multiple breaking developments recently that could be growth catalysts for the company. SKYX is a NASDAQ listed “smart platform technology company”. The company’s “mission to make homes and buildings become safe and smart as the new standard”. SKYX “has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications as well as 64 lighting and home decor websites”. The company’s “technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings”. Over the past few years, demand for smart tech has significantly increased. As the company explains: “We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally.” SKYX has announced multiple accomplishments recently that could be significant growth catalysts for the company. Earlier this year, the company announced: - “SKYX Now Owns Nearly Half of U.S. Lighting Websites After Closing Strategic Acquisition of a Company with $88M in Revenues and $4.3M in EBITDA in 2022” In addition, SKYX “Joined the broad-market Russell 2000® and Russell 3000® Indexes at the conclusion of the 2023 Russell Indexes annual reconstitution”. Furthermore, SKYX “Appointed several strategic advisors, including:” - “Khadija Mustafa, former Microsoft AI and global business leader, as a Senior Tech, AI and Global Business Advisor.” - “Eric Jacobson, former President, and CEO of The American Lighting Association (ALA), as a Senior Product Standardization Advisor.” - “Al Weiss, former President of Worldwide Operations at Walt Disney Parks, Resorts and Cruises, as a Senior Business Development Advisor.” In August, the company announced: “SKYX Reports Second Quarter 2023 Financial Results with $15 Million in Sales Reflecting a Partial Quarter Including Sales of its Safe Plug & Play Products” Here are some of the company’s “Second Quarter 2023 and Subsequent Operational Highlights”: - “Generated $15 million in revenue in the second quarter of 2023, reflecting a partial quarter of sales, including commencement of sales of its smart and standard plug & play products.” - “Sequentially reduced net cash used in operating activities to $2.5 million in the quarter.” - “Cash, cash equivalents, restricted cash, and investments available for sale totaled $23.7 million as of June 30, 2023, as compared to $16.8 million as of December 31, 2022.” In addition, last week, the company announced two big developments. On Tuesday, the company announced: “SKYX Signs Agreement with World Leading Architect Product Material Supply Company, Material Bank, with Over 100,000 Customers” Here are the highlights from this press release: - “A Major Step to Enhance Market Penetration into Professional Segments” - “SKYX Will Now Market Its Ceiling Smart Plug and Play Platform Products to Builders, Designers and 96,000 Architects Through Material Bank and SKYX's 64 Lighting and Home Decor Websites” As the company further explains: “Material Bank is a world leading technology and product logistics company with logistics hubs based in the U.S. and worldwide. Its customers include leading architects, designers, and builders for both commercial and residential segments. Material Bank connects architects, designers, and builders to company's products, as well as provides products and material samples to professional segments worldwide.” Here are the company’s comments from this press release: “Steve Schmidt, President of SKYX Platforms, said: "This is another strategic step for enhancing our market penetration. Accelerating our market penetration with our smart plug and play products is key, as we expect it to result in future recurring revenues from smart and standard fixture replacements - as well as from future potential monitoring and subscriptions through our smart products."” On Thursday, the company announced breaking news that could be an important growth catalyst: “SKYX Announces Issuance of Three New U.S. and International Patents for Its All-In-One Smart Modular Platform Technology” Here are the highlights from this press release: - “SKYX's Robust Patent Portfolio Now Totals 72 Patent and Pending Applications with 18 Issued Patents” - “New Patents Issued Cover the SKYX All-In-One Smart Modular Platform, Which Includes Smart Home Technology and Home Safety Sensors” Here are the company’s comments from this press release: “Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: "I am happy to announce these three new patent issuances, which further strengthens our robust intellectual property portfolio in the important area of safe, smart homes and sensor technologies. These advancements position SKYX to be a leading technology provider of smart platforms in both the lighting and the smart home of the future. Taken together, we are well positioned to create sustainable value for our shareholders over the long-term."” SKYX has multiple potential catalysts in its favor to experience increased growth. Make sure to do your own due diligence. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. 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