SKYX - SKYX acquires lightning e-commerce website with $5M in annual revenue
2023-03-09 08:51:51 ET
- A highly disruptive platform technology company, SKYX Platforms ( NASDAQ: SKYX ) has acquired Bailey Street Home, a $5M revenue, profitable, strategic e-commerce private label lighting website.
- SKYX has paid $225K in cash for 50% of the e-commerce lighting website company, while the other 50% is owned by Belami, the strategic e-commerce company that SKYX has already signed an agreement to acquire .
- The $5M in 2022 annual revenues from the e-commerce private label brand is in addition to the $86M in 2022 annual revenues from Belami.
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SKYX acquires lightning e-commerce website with $5M in annual revenue