SKYX Announces That, Based on Growing Winter Demand, It Will Launch 4 New Plug & Play Turbo Heater Fan Models in 5 Different Colors
Management expects winter revenue from the new models to support its goal of positive cash flow as it exits 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
SKYX Platforms (NASDAQ: SKYX) plans to launch four additional plug-and-play turbo heater ceiling fan models during the fourth quarter of 2026. The models will supplement its original 24-inch model, with five colors planned. SKYX expects availability through Home Depot, Lowes, Target, Walmart, Amazon and its own e-commerce platform.
Management expects the new models to generate winter revenue that supports its goal of positive cash flow as it exits 2026. The company cited growing sales and winter demand as reasons for the expansion. SKYX reported $27.7 million in total cash, cash equivalents and restricted cash at the end of the second quarter of 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.SKYX targets positive cash flow as it exits 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.New heater fan lineup adds four models, with fourth-quarter availability expected through named retailers and company e-commerce.
- Minor point. Forward-looking: it has not happened yet and may not happen.Management expects new models to generate winter revenue supporting its cash-flow goal.
Negative
- None.
Details
Market Reaction – SKYX
On Nov 4, the day this news came out, the latest delayed price for SKYX is 0.95% below the previous close. The latest delayed price is $0.71. Relative volume is exceptionally heavy at 6.6x what this stock usually trades by this time of day.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- New heater fan models
- 4 models
- Additional Turbo Heater ceiling fan models
- Color options
- 5 colors
- For the new models
- New model sizes
- 20″, 44″, 52″ and 60″
- Turbo Heater ceiling fan models
- Expected availability
- Fourth quarter
- Planned retail and e-commerce availability
- Cash, cash equivalents and restricted cash
- $27.7 million
- As of the end of the second quarter of 2026
- Category market size
- Multi-billion-dollar market
- Combined ceiling fan and portable heater category
Key Terms
razor and blades model financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Upcoming Winter Launches of New Models in Sizes of 20’’ 44” 52” and 60” are Expected in Home Depot, Lowes, Target, Walmart, Amazon and on Company’s E-Commerce Platform
Management Anticipates New Turbo Heater Models to Generate Significant Revenues During the Winter to Support Its Path to Cash-Flow Positive
MIAMI, Nov. 04, 2026 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (the “Company” or “SKYX”), a highly disruptive platform technology company with over 120 patents and pending applications 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 announced that based on growing sales and winter demand for its patented all-in-one turbo heater ceiling fan, it will launch an additional four models in larger and smaller sizes 20” 44” 52” and 60” and in five different colors including white, black, brush nickel, gold, and bronze in addition to its original 24” model.
- The combined ceiling fan and portable heater category is a multi-billion-dollar market, with tens of millions of units sold annually in the U.S. alone.
- With the expansion of SKYX’s Turbo Heater ceiling category, the Company expects to lead the ceiling heating category as well as the all-seasons ceiling fan category solution.
- As SKYX continues to grow its market penetration in both builder and retail channels this launch of additional models supports its growing Razor and Blades model for both builder and retail segments.
- Upcoming winter launches of new models in sizes of 20’’ 44” 52” and 60” are expected to be available in Home Depot, Lowes, Target, Walmart, Amazon and on Company’s e-commerce platform during the fourth quarter in five different colors including white, black, brush nickel, gold, and bronze.
- Company management anticipates new turbo heater models to generate significant revenues during the winter to support Company’s path to cash-flow positive.
- Company maintains a strong cash position. Reported
$27.7 million in total cash, cash equivalents, and restricted cash as of the end of the second quarter of 2026 and continues to maintain a strong cash position to achieve its business goals, including reaching positive cash flow as it exits 2026. - SKYX’s Turbo Heater ceiling Fan innovative product—integrating a ceiling fan with a built-in turbo heater—provides a safer solution to the space heater market and is designed to address a massive market opportunity for both winter and summer seasons.
Rani Kohen, Founder, and Executive Chairman of SKYX Platforms Corp., stated: “We are experiencing great winter demand for our turbo heater and ceiling fan from both retail and builder markets. This product exemplifies our commitment to innovation, safety, and global market products. As we prepare for our upcoming launch, we believe this all-in-one solution will drive significant value for our customers, partners, and shareholders.
For more information about SKYX and its significant Deako visit www.SKYX.com and www.Deako.com.
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced, safe, smart and AI platform technologies, with over 120 U.S. and global patents and patent pending applications. Additionally, the Company owns 60 lighting and home décor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://www.skyx.com/ or follow us on LinkedIn.
Forward-Looking Statements
Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target,” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s ability to achieve positive cash flows; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.
Investor Relations Contacts:
Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com
Ronald A. Both
Encore Investor Relations
rb@encore-ir.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/df63b36c-53c2-41f3-9740-98db7d997b87
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When and where does SKYX expect its new turbo heater fan models to launch?
SKYX expects the four new models to be available during the fourth quarter of 2026 through Home Depot, Lowes, Target, Walmart, Amazon and its own e-commerce platform.
What is SKYX's cash-flow goal for the new turbo heater fan launch?
Management expects winter revenue from the new turbo heater models to support its goal of positive cash flow as it exits 2026. This remains a company target, not a reported result.