SKYX

SKYX Platforms Corp. (SKYX) Q2 2026 Earnings Call Transcript

SKYX Platforms NASDAQ: SKYX reported record second-quarter revenue of $25.3 million, up 14% sequentially from $22.1 million in the first quarter and 10% from $23 million a year earlier. Management said the result marked its 10th consecutive quarter of year-over-year growth, despite continued declines in the real estate and home décor markets.

SKYX Reports over $27.7 Million in Cash and Cash Equivalents as of June 30, 2026, Management Believes It Has Sufficient Cash to Achieve Its Goals Including Becoming Cash Flow Positive as It Exits 2026             39% Reduction in Cash Used in Operating Activities to $3.7 million in Q-2 of 2026 from $6.0 million in Q-1 of 2026 Gross Profit Continues to Grow with 4% Increase to $7.3 Million in Q-2 of 2026 Compared to Q-2 of 2025 and a 10% Increase to $13.9 Million for the First Half of 2026 Compared to $12.7 Million for the First Half of 2025 SKYX Recently Announced it Will Supply Its Technologies During a Renovation of a Marriott City Center Hotel in Durham, NC             In May 2026 SKYX Announced Its Technology Will Become Brand Standard for European Hotel Developers Group OTT, Developer Over 250 Hotels and Buildings Across Europe                           In May 2026 SKYX Announced Its First European Hotel in France During a Renovation of an Historical Architectural Preservation Hotel, The Grand Hotel du Parc (formerly The Grand Medicis Hotel)             In June 2026 SKYX Announced It Will Deploy Its Technologies to Its Second European Hotel During a Renovation of 5-Star Accor Hospitality Group Hotel Mozart Prague             SKYX Signed Additional Agreement with Group OTT Heritage Hospitality Group to Deploy and Market Its Technologies to Vast European Hotel Market of Over 132,000 Hotels In May 2026 SKYX Signed a Licensing Agreement for Its Advanced Technologies with U.S., Canada, and Global Leading Lighting Company Eurofase SKYX Is Expected to Deploy Over 1-Million Units of Its Products including Its Advanced Smart Home Plug-and-Play Technologies During the Course of Its Projects and to Over 100,000 Units/Homes by the End of 2026 Through Its Pro and Retail Segments SKYX's Future Projects in the U.S. and Globally Include Projects in North Carolina, Austin, San Antonio, South Florida (Including Miami's New $4 Billion Smart City), New York, Europe, Saudi Arabia, and Egypt Despite One of the Hottest Summers on Record, SKYX's Sales of Its Patented Turbo Heater Fan are Continuing to Grow and Company Expects Sales to Significantly Grow Towards Fall and Winter Seasons and Will Provide Additional Products in New Designs and Larger Sizes SKYX's Technology Expansion Provides Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, and More SKYX's Enhanced Safety Code Standardization Team Continues Its Progress Toward Its Goal of a Safety-Mandated Standardization in Homes/Buildings of Its Life-Saving Ceiling Outlet/Receptacle Technology MIAMI, Aug. 12, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive advanced smart home and AI platform technology company with over 100 pending and issued patents globally and 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today reported its financial and operational results for the second quarter ended June 30, 2026. SKYX will hold a conference call today, August 12, 2026, at 4:30 pm, Eastern Time, to discuss the results.

The Hotel is Part of the Shaner Hotel Group, a Prominent Hotel Developer with Over 80 Hotels in the U.S. and Globally The Renovation is in Process and Will Include Rooms, Suites, Lobby, Ballroom, Gym, Bars, Restaurants, Meeting Rooms, Corridors, Among Other Hotel Areas SKYX's Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, Among Others MIAMI, July 22, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), an award winning highly disruptive advanced smart home and AI platform technology company with over 100 U.S. and global pending and issued patents and a portfolio of 60 lighting and home décor websites, with a mission to make homes and buildings become advanced-safe-smart instantly as the new standard, today announced it will deploy its advanced lighting and smart technologies during a renovation of a Marriott city center hotel in downtown Durham, North Carolina. The hotel is part of the Shaner Hotel Group that owns over 80 hotels in the U.S. and globally.

SKYX Platforms Corp. (SKYX) Presents at IAccess Alpha Virtual Best Ideas Summer Investment Conference 2026 Prepared Remarks Transcript

The Renovation is in Process and Will Include Rooms, Suites, Bars, Restaurants, Lobby, Ballroom, Spa, Gym, Meeting Rooms, Corridors, Among Other Hotel Areas The Mozart Prague is Part of Group OTT's European Hospitality Portfolio and is Managed and Operated by Accor, Renowned Global Hospitality Leader SKYX's Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues

The Renovation is in Process and Will Include Rooms, Suites, Bars, Restaurants, Lobby, Ballroom, Spa, Gym, Meeting Rooms, Corridors, Among Other Hotel Areas The Mozart Prague is Part of Group OTT's European Hospitality Portfolio and is Managed and Operated by Accor, Renowned Global Hospitality Leader SKYX's Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, Among Others SKYX Technologies Reduces Up to 90% Time and Cost of Hotel Renovation or New Build and is Continuing Discussions with Additional Hotel Groups and Owners Regarding Utilization of its Game-Changing Technologies for Hotels and Buildings MIAMI, June 10, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), an award-winning highly disruptive advanced smart home and AI platform technology company with over 100 U.S. and global pending and issued patents and a portfolio of 60 lighting and home décor websites, today announced it will deploy its advanced smart technologies as part of the comprehensive renovation of The Mozart Prague, an iconic 5-star hotel located in the heart of Prague, Czech Republic. The hotel will be managed and operated by renowned global hospitality leader Accor.

The New Licensing Agreement Expands SKYX's Go-To-Market Channels as It Continues to Grow Its Market Penetration with Builders, Hotels, and Retail Segments  Eurofase Operates Globally with a Manufacturing and Distribution Network Spanning U.S., Canada, Europe, and Asia with Advanced Lighting Applications for Buildings, Hotels, Residential and Commercial Segments SKYX's Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, Among Others MIAMI, May 20, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), an award winning highly disruptive advanced smart home and AI platform technology company with over 100 U.S. and global pending and issued patents and a portfolio of 60 lighting and home décor websites, with a mission to make homes and buildings become advanced-safe-smart instantly as the new standard, today announced it signed a licensing agreement with U.S, Canada, and global leading lighting company Eurofase. This licensing agreement further validates SKYX's vast U.S. and global B2B go-to-market opportunities including builder, hotel, and residential segments.

SKYX Platforms NASDAQ: SKYX reported higher first-quarter revenue and improved gross margin, while management said the company remains focused on expanding its business-to-business pipeline with hotels and builders and growing its retail and e-commerce channels.

SKYX Reports 9 Consecutive Quarters of Growth YoY with 10% Increase and Record Revenues for Q-1 2026 with $22 Million Compared to $20 Million in Q-1 2025 as It Continues to Grow Its Market Penetration SKYX Reports over $32 Million in Cash and Cash Equivalents as of March 31, 2026, Management BelievesIt Has Sufficient Cash