SKYX Platforms Stock Price, News & Analysis

Sky Technologies (NASDAQ:SKYX) is set to launch its safe smart home products after placing initial production orders for hundreds of thousands of its SkyPlug devices. This commercialization effort is slated for the second half of 2022, facilitated through GE approved factories. The company, having completed its IPO in February, is poised for pre-sales and a public relations campaign to highlight the safety and efficiency benefits of its innovations. Executive leadership emphasizes the goal of establishing new global electrical safety standards and delivering long-term shareholder value.

SQL Technologies Corp. (NASDAQ:SKYX) announced participation in several investor conferences. Management will present at the Benzinga All-Access Show on June 3, 2022, at 11:20 a.m. Eastern time, and at the LD Micro Invitational XII on June 7-8, 2022. Additionally, a presentation is scheduled for the Diamond Equity Research Virtual Emerging Growth Invitational on June 23, 2022, at 3:30 p.m. Eastern. These events aim to enhance investor engagement and showcase the company’s innovative technologies, which focus on safety and smart solutions for homes and buildings.

SQL Technologies Corp. (NASDAQ:SKYX) has announced that renowned hotel entrepreneur Lance T. Shaner will chair its new Hotel Advisory Board. Shaner, CEO of Shaner Hotel Group, aims to drive the adoption of Sky's Plug & Play Smart Platform Technology in hotels, resorts, and apartments. He believes this technology can enhance safety and efficiency in just minutes. Rani Kohen, Executive Chairman of Sky Technologies, highlights this collaboration as a means to accelerate commercialization and market acceptance of their innovations, which are backed by over 60 patents.

Sky Technologies (SKYX) reported a financial net loss of $11.9 million for Q1 2022, up from a loss of $1.0 million in the previous year, primarily due to stock-based compensation of $8.8 million. The company's cash and equivalents rose to $27.6 million compared to $2.4 million a year prior. Anticipating a 2022 product launch, Sky plans to start presales for its smart SkyPlug and SkyHome App in the latter half of the year, backed by a $23.1 million IPO. The company is positioning itself for a significant market opportunity, estimating a total addressable market exceeding $500 billion.

Sky Technologies (NASDAQ:SKYX) announced its participation in two significant investor conferences: NobleCon18 on April 21, 2022, in Hollywood, Florida, and Taglich Brothers 18th Annual Investment Conference on May 2, 2022, in New York City. Key executives, including Executive Chairman Rani Kohen and CEO John Campi, will present at both events. A live audio webcast will be available for each presentation. Sky Technologies focuses on enhancing safety in homes with over 60 patents globally, targeting a smart home lifestyle.

SQL Technologies Corp. (NASDAQ:SKYX) has appointed renowned architect Bernard Zyscovich as the Chair of its newly formed Architectural and Real Estate Advisory Board. This board aims to promote the adoption of Sky's Plug Smart Platforms within multi-family residential buildings. Zyscovich, recognized for his transformative urban designs, emphasizes the significant impact of Sky's technology on modern living. Preliminary discussions with real estate developers are underway, signaling potential market expansion and increased industry standardization for smart safety solutions.

Sky Technologies (NASDAQ:SKYX) announced that Paul Chernawsky, founder of Endurance, will chair its Insurance Advisory Board Committee. Chernawsky, an experienced insurance leader, believes Sky's technologies will significantly enhance the safety of homes and buildings, potentially reducing insurance losses and premiums. Founder Rani Kohen emphasized the strategic value of Chernawsky's expertise as the company prepares for the launch of new safety-enhancing products in 2022. The collaboration aims to work with insurance companies and safety regulators for better adoption of Sky's technologies.

Sky Technologies successfully completed a $23.1 million IPO on February 10, 2022, offering 1,650,000 shares at $14 each. As of December 31, 2021, the Company reported cash and equivalents of approximately $10.4 million. The IPO proceeds, totaling around $20 million, are expected to accelerate product launches, including the universal SkyPlug and Sky Platform, enhancing smart home integration. In 2021, net loss reduced to $5.9 million from $9.4 million in 2020, while SG&A expenses decreased from $8.7 million to $5.1 million, demonstrating improved financial health.

Sky Technologies (NASDAQ:SKYX) will attend The Wall Street Conference 2022 from March 7-9 at the Four Seasons Resort Palm Beach. The company focuses on enhancing safety and smart living with disruptive technologies and holds over 60 patents. Executive Chairman Rani Kohen, CEO John Campi, and President Steve Schmidt will engage with investors and fund managers during the event. Sky Technologies aims to establish advanced safety standards in homes and buildings, emphasizing quality and user-friendliness.