Welcome to our dedicated page for SKYX Platforms news (Ticker: SKYX), a resource for investors and traders seeking the latest updates and insights on SKYX Platforms stock.
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 (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.
SKYX (NASDAQ: SKYX) signed a licensing agreement with global lighting company Eurofase, expanding access to builder, hotel, residential, and commercial segments in the U.S., Canada, Europe, and Asia.
SKYX technologies reportedly cut installation time and cost by up to 90% and create opportunities for future recurring revenues from upgrades, AI services, monitoring, and subscriptions.
SKYX (NASDAQ: SKYX) reported record Q1 2026 revenue of $22 million, up 10% from $20 million in Q1 2025, marking 9 consecutive YoY growth quarters. Cash, cash equivalents and restricted cash rose to $32 million as of March 31, 2026.
Gross profit increased 16% to $7 million, with gross margin improving to 30% from 28%. Net loss per share narrowed to $0.07 from $0.09, and adjusted EBITDA loss per share improved to $0.03 from $0.04.
SKYX entered strategic agreements with Group OTT and OTT Heritage Hospitality to deploy its smart and AI technologies across European hotels, and began a collaboration with the NVIDIA AI Ecosystem Connect Program. The company raised $29 million in straight equity and extended $13.5 million of notes to 2030. Management believes its cash is sufficient to pursue goals including potential cash flow positivity exiting 2026.
SKYX (NASDAQ: SKYX) will host a Corporate Update call to present Q1 2026 overview and financial results on Monday, May 11, 2026 at 4:30 p.m. Eastern Time. Participating members include Founder and Executive Chairman Rani Kohen, CEO Lenny Sokolow, President Steve Schmidt, and CFO Marc Boisseau.
Dial‑in numbers, a Call Me link, webcast URL, and replay access (through June 11, 2026) are provided for investor participation.
SKYX (NASDAQ: SKYX) will deploy its advanced plug-and-play smart building technologies during a master renovation of The Grand Hotel du Parc, a designated historic hotel in La Bourboule, France, operated by Group OTT. The three-phase project covers 100 existing rooms, an expected 30-room expansion, and hotel amenities.
SKYX expects to supply thousands of smart lighting and fixture units and cites technology claims of reducing up to 90% renovation time and cost while creating recurring revenue opportunities from upgrades, AI services, monitoring and subscriptions.
SKYX (NASDAQ: SKYX) was selected as one of eight companies to participate in the inaugural Emerging Company Pavilion at the Sohn Investment Conference on May 12, 2026 at Jazz at Lincoln Center in New York City.
The Company will present its advanced smart-home and AI platform, meet institutional investors, and discuss market expansion, strategic partnerships, and long-term revenue outlook. SKYX highlighted its patent portfolio and portfolio of lighting and home décor websites as part of its growth positioning.