SKYX Platforms Corp. develops advanced smart home and building platform technologies focused on electrical fixture installation, ceiling receptacles, smart ceilings, lighting, fans, heating products, and related AI-enabled home systems. The company also operates a portfolio of lighting and home décor websites serving retail and commercial channels.
Recurring SKYX news covers financial results and corporate update calls; patent portfolio and code-standardization efforts; product launches such as SKYFAN and Turbo Heater; retail distribution through major home-improvement and general-merchandise channels; and commercialization agreements for residential, commercial, and hospitality buildings in the United States and Europe.
SKYX Platforms (NASDAQ: SKYX) and subsidiary Deako expect to supply approximately 60,000 smart home technology units to Home Creations. The planned supply covers over 700 homes in Oklahoma and Texas over the next 12 months.
Since the merger closed, builder programs also include over 80,000 units for 1,000 Maronda Homes properties. SKYX estimates the combined pipeline at over 4 million units, with an expected average selling price of approximately $50 per product. Deako brings over $26 million in 2025 revenue and over 32 million units shipped. SKYX expects the merger to reduce annual cash expenses by over $6 million and says the combined product line could increase future revenue per home by up to five times.
SKYX Platforms (NASDAQ: SKYX) reported an estimated combined SKYX and Deako pipeline of over 4 million units in its corporate update. The expected average selling price is approximately $50 per product. Deako will supply over 80,000 units to 1,000 Maronda Homes residences. SKYX also signed an agreement for two Trump Towers in Hyderabad, expecting deployment of tens of thousands of units, and will supply a Marriott hotel renovation in Durham.
SKYX issued 25,000,000 common shares for the Deako merger, subject to lock-up and phased release restrictions. It expects merger synergies to reduce annual cash expenses by over $6 million. Cash, cash equivalents and restricted cash totaled $27.7 million at the end of the second quarter of 2026. The company targets positive cash flow as it exits 2026. Other developments include a Eurofase licensing agreement and plans for an AI-driven e-commerce system.
SKYX Platforms (NASDAQ: SKYX) and subsidiary Deako announced plans to supply over 80,000 smart home technology units to Maronda Homes residences.
SKYX expects deliveries in 2027, covering over 1,000 homes in several states, including Ohio, Georgia, Maryland, and Pennsylvania. The program includes plug-and-play and smart home technologies. Electrical and smart home package features may vary by market, community, and home.
SKYX also expects to keep expanding its builder programs with Deako. Maronda is a private, family-owned builder that has built over 70,000 homes since its founding in 1972.
SKYX Platforms (NASDAQ: SKYX) closed its merger with smart home technology company Deako, issuing 25,000,000 common shares as consideration. Existing SKYX shareholders own 84.4% of the combined company; Deako shareholders and its lender collectively own 15.6%. The shares carry a 21-month lock-up and release agreement, including a 12-month full lock-up.
SKYX paid Deako’s senior lender $2M at signing on September 9, 2026, and $2M at closing, and issued an $8.5M secured promissory note payable in 2027. The combined estimated pipeline exceeds 4 million units, with an expected average selling price of approximately $50 per product. SKYX expects annual overlapping expense savings exceeding $6 million and an opportunity to increase Deako’s revenue per home by up to five-fold. Deako supplies over 50 U.S. home builders, providing a footprint through which SKYX expects to accelerate product deployment.
SKYX Platforms (NASDAQ: SKYX) signed an agreement to supply its smart home technologies to the Trump Towers Hyderabad residential development in India.
SKYX expects to supply tens of thousands of units of its patented plug-and-play technologies during the development. IRA Realty and Tribeca Developers are jointly developing the 2.2 million-square-foot project, which will include more than 450 residences across two 65-storey towers. The collaboration involves integrating SKYX’s ceiling and wall receptacle systems into the buildings during construction.
SKYX Platforms (SKYX) signed a merger agreement with AI smart home company Deako Inc., involving 25 million new common shares.
Deako is a smart home AI and intelligent lighting platform provider with 20 patents and patent applications and over 32 million units shipped in the past five years, generating more than $26 million in revenue in 2025. It supplies technologies to over 50 U.S. homebuilders, including D.R. Horton, Toll Brothers and others. SKYX will issue 25,000,000 shares of common stock, described as equal to 18.46% of the company, subject to a lockup and leak-out of up to two years. Post-merger, current SKYX shareholders are expected to own 84.4% of the combined company, while Deako shareholders and its lender will own 15.6%.
SKYX will also pay Deako’s lender $4 million at closing and issue an $8.5 million note, with payments scheduled through 2027, and the combined patent portfolio is expected to exceed 120 filings.
SKYX (NASDAQ: SKYX) reported record Q2 2026 revenue of $25.3 million, up 14% from $22.1 million in Q1 2026 and 10% from $23.1 million in Q2 2025, marking 10 consecutive YoY growth quarters. First-half 2026 revenue rose 10% to $47.4 million.
Gross profit reached $7.3 million in Q2 2026 (up 4% YoY) and $13.9 million for the first half (up 10% YoY). Net loss narrowed to $8.2 million in Q2 2026 versus $8.8 million a year ago, with net loss per share improving to $0.06 from $0.08. Adjusted EBITDA loss was $3.5 million, better than Q1 2026 but higher than Q2 2025.
Cash, cash equivalents and restricted cash increased to $27.7 million as of June 30, 2026, from $10.1 million at December 31, 2025, supported by a $29 million straight equity raise. Net cash used in operating activities fell 39% sequentially to $3.7 million, and interest-bearing debt was reduced by $2.0 million.
SKYX (NASDAQ: SKYX) announced it will host its second quarter 2026 earnings conference call and corporate update on Wednesday, August 12, 2026, at 4:30 p.m. Eastern Time. Management, including Founder and Executive Chairman Rani Kohen, CEO Lenny Sokolow, President Steve Schmidt, and CFO Marc Boisseau, will discuss the company’s Q2 2026 financial results and provide a broader corporate overview.
Investors can join via telephone using U.S./Canada dial-in 1-877-407-0792 or international 1-201-689-8263, or through a webcast at the provided Viavid link. A Call me™ option will be available shortly before the start. A telephone replay is expected to be accessible from approximately three hours after the live call through Friday, September 11, 2026, at 11:59 p.m. Eastern Time, via replay numbers 1-844-512-2921 or 1-412-317-6671 with Access ID 13762196.
SKYX Platforms (NASDAQ: SKYX) announced it will supply its advanced plug & play lighting and smart technologies for the renovation of a Marriott Durham City Center hotel in downtown Durham, North Carolina, which is part of the Shaner Hotel Group with over 80 hotels globally.
According to SKYX, the ongoing renovation will use thousands of units, including ceiling lights, ceiling fans, recessed and down lights, EXIT signs, emergency lights, and indoor/outdoor wall lights across rooms, suites, lobby, ballroom, gym, bars, restaurants, meeting rooms and corridors. Management from both companies indicated potential deployment of SKYX technologies in additional Shaner hotels and highlighted expected time and cost savings plus enhanced safety and lifestyle benefits.
SKYX (NASDAQ: SKYX) will deploy its advanced smart plug & play technologies in the comprehensive renovation of the iconic 5-star The Mozart Prague, owned by Group OTT and operated by Accor.
The project includes guestrooms, suites, public areas and amenities, and may support future recurring revenues via upgrades, AI services, monitoring and subscriptions. SKYX states its platform can reduce hotel renovation or new-build time and cost by up to 90% and is in discussions with additional hotel groups and owners.