Financial Data and Key Metrics Changes - The company reported a revenue increase of $3,400,000, representing a significant growth compared to the prior quarter [3] - Gross profit increased by 23%, indicating strong financial progress [3] - Net cash used in operating activities decreased by 54%, primarily due to favorable payables and improved gross profit [3][21] - Cash and cash equivalents rose to $15,700,000 as of June 30, compared to $12,300,000 as of March 31, 2025 [20] - Adjusted EBITDA loss decreased to $2,600,000 or $0.02 per share, down from $3,600,000 or $0.04 per share in the previous quarter [22] Business Line Data and Key Metrics Changes - The company has over 100 patents and pending applications, with 45 issued patents, which are crucial for future growth [5][9] - Collaboration with Home Depot continues to expand, with a variety of advanced smart products being offered [5] - The company expects its products to be in over 40,000 homes in the U.S. and Canada by the end of 2023 [6] Market Data and Key Metrics Changes - The company reported a record second quarter revenue of $23,100,000, a 15% increase compared to $20,100,000 in the same quarter of the previous year [19] - Market penetration in the U.S. and Canadian markets has shown consistent growth over six comparable quarters [19] Company Strategy and Development Direction - The company is focusing on safety, a massive total addressable market (TAM), and global applications as core factors driving future growth [5][9] - The collaboration on the Miami Smart City project is seen as a significant milestone, expected to redefine urban living and enhance the company's market presence [12][14] - The company is working on launching new products, including an all-in-one advanced smart heater, to boost revenues and gross margins [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving cash flow positive status in 2025, supported by reduced cash expenses and anticipated product launches [21][28] - There is a strong belief that mandatory safety standardizations will be implemented, which could serve as a catalyst for growth [31][32] Other Important Information - The company has made significant progress in safety code standardization, receiving support from government safety organizations [10][11] - A prominent hire from Amazon is expected to enhance the e-commerce platform and drive growth [36] Q&A Session Summary Question: Path to cash flow breakeven - Management highlighted reduced cash expenses and upcoming product launches as key factors to achieve cash flow breakeven by the end of the year [26][28] Question: Updates on mandatory standardization of codes - Management provided insights into ongoing efforts with government organizations to expedite the process of mandatory safety standardizations [30][32] Question: Impact of e-commerce platform changes - Management discussed the hiring of a prominent leader from Amazon to enhance the e-commerce strategy and drive growth [36] Question: Partnerships related to ceiling heaters and fans - Management confirmed ongoing collaborations with big box retailers and developers to expand market reach for the new products [44] Question: Smart City project as a proof point for other developers - Management acknowledged increased interest and recognition from other developers following the Smart City announcement [48]

Core Viewpoint - SKYX Platforms Corp. is set to provide corporate updates, including its second quarter 2025 overview and financial results, during a conference call scheduled for August 12, 2025, at 4:30 PM Eastern Time [2][3]. Group 1: Company Overview - SKYX Platforms Corp. operates as a disruptive advanced and smart home platform technology company, holding over 100 issued and pending patents globally [2][4]. - The company has a portfolio of more than 60 lighting and home décor websites, catering to both retail and commercial segments [4]. - SKYX aims to enhance safety and lifestyle in homes and buildings through its high-quality and user-friendly technologies [4]. Group 2: Conference Call Details - The conference call will take place on August 12, 2025, at 4:30 PM Eastern Time, with dial-in options provided for U.S./Canada and international participants [3]. - A playback of the call will be available until September 12, 2025, with specific replay dial-in numbers and a pin number for access [4].

[FORM 8-K Filing Information](index=1&type=section&id=FORM%208-K%20Filing%20Information) This section details the registrant's identification, filing specifics, and the regulatory context of the Form 8-K submission [Registrant and Filing Details](index=1&type=section&id=Registrant%20and%20Filing%20Details) This section provides the fundamental identification details of the registrant, SKYX PLATFORMS CORP., and the administrative specifics of the Form 8-K filing, including the date of the earliest reported event - **SKYX PLATFORMS CORP.** (d/b/a Sky Technologies) is the registrant[2](index=2&type=chunk) - The earliest event reported occurred on **July 31, 2025**[2](index=2&type=chunk) - Commission File Number is **001-41276**[2](index=2&type=chunk) - Incorporated in **Florida**[2](index=2&type=chunk) - Principal executive offices are located at **2855 W. McNab Road, Pompano Beach, Florida 33069**[2](index=2&type=chunk) [Filing Intent and Status](index=1&type=section&id=Filing%20Intent%20and%20Status) This part clarifies the specific regulatory provisions under which the Form 8-K is filed and confirms the registrant's status regarding the emerging growth company election - The Form 8-K filing does not satisfy obligations under Rule 425, Rule 14a-12, Rule 14d-2(b), or Rule 13e-4(c)[3](index=3&type=chunk) - The registrant is **not an emerging growth company**[4](index=4&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This section reports preliminary unaudited financial results for the second quarter of 2025 and provides important disclaimers regarding their nature [Preliminary Financial Results Announcement](index=2&type=section&id=Preliminary%20Financial%20Results%20Announcement) SKYX Platforms Corp. announced preliminary unaudited revenue for the second quarter of 2025 and provided a business update through a press release, which is furnished as an exhibit to this report - SKYX Platforms Corp. announced preliminary unaudited revenue for the three months ended **June 30, 2025**, and a business update via a press release on **July 31, 2025**[5](index=5&type=chunk) - The press release is furnished as **Exhibit 99.1** to this Current Report on Form 8-K[5](index=5&type=chunk) [Disclaimer Regarding Preliminary Results](index=2&type=section&id=Disclaimer%20Regarding%20Preliminary%20Results) The company emphasizes that the announced financial results are preliminary estimates, subject to change, and not a complete financial statement, pending audit completion It also clarifies the legal implications of furnishing this information under SEC rules - Preliminary financial results are **unaudited estimates** and not a comprehensive statement for the quarter ended **June 30, 2025**[6](index=6&type=chunk) - Results are subject to material adjustment pending completion of financial closing procedures, final adjustments, and audit review[6](index=6&type=chunk) - The exhibit and information are 'furnished' and not 'filed' under Section 18 of the Securities Exchange Act of 1934, limiting liability and incorporation by reference[7](index=7&type=chunk) [Item 8.01 Other Events](index=2&type=section&id=Item%208.01%20Other%20Events) This section formally incorporates by reference the disclosures detailed under Item 2.02 of this Current Report on Form 8-K [Incorporation by Reference](index=2&type=section&id=Incorporation%20by%20Reference) This section formally incorporates by reference the disclosures detailed under Item 2.02 of this Current Report on Form 8-K - The disclosure from **Item 2.02** of this Current Report on Form 8-K is incorporated by reference into this Item 8.01[8](index=8&type=chunk) [Forward-looking Statements](index=2&type=section&id=Forward-looking%20Statements) This section provides cautionary disclosure regarding statements about future events, outlining their nature and associated risks and uncertainties [Nature and Risks of Forward-looking Statements](index=2&type=section&id=Nature%20and%20Risks%20of%20Forward-looking%20Statements) This section provides a standard cautionary disclosure regarding statements about future events, defining them by specific terminology and outlining various risks and uncertainties that could cause actual outcomes to differ materially from expectations - Forward-looking statements are not historical facts, identified by terms like 'aim,' 'anticipate,' 'believe,' 'expect,' 'plan,' or 'will'[9](index=9&type=chunk) - These statements are subject to risks including market acceptance, adoption by states/countries, accuracy of market estimates, and successful product commercialization[9](index=9&type=chunk) - Readers should not unduly rely on these statements, and the Company disclaims any obligation to update or revise them, except as legally required[9](index=9&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section provides a comprehensive list of all documents filed as exhibits to the Current Report on Form 8-K [List of Exhibits](index=2&type=section&id=List%20of%20Exhibits) This section enumerates the documents filed as exhibits to the Form 8-K, including a press release and the interactive data file Exhibits to Form 8-K | Exhibit Number | Description | | :------------- | :---------- | | 99.1 | Press Release, dated July 31, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [SIGNATURES](index=3&type=section&id=SIGNATURES) This section provides the formal authorization and signature details for the Current Report on Form 8-K [Authorized Signature](index=3&type=section&id=Authorized%20Signature) The report is formally signed on behalf of SKYX PLATFORMS CORP. by its Co-Chief Executive Officer, Leonard J. Sokolow, confirming compliance with the requirements of the Securities Exchange Act of 1934 - The report is signed by **Leonard J. Sokolow**, Co-Chief Executive Officer of SKYX PLATFORMS CORP[13](index=13&type=chunk)[14](index=14&type=chunk) - The signature date is **July 31, 2025**[14](index=14&type=chunk)

Core Insights - SKYX Platforms Corp. has reported consistent revenue growth for six consecutive quarters from Q1 2024 to Q2 2025, with Q2 2025 revenues reaching $23.1 million, up from $20.1 million in Q1 2025 [1][2][5] - The company anticipates its products will be present in 40,000 units/homes in the U.S. and Canada by the end of Q2 2025, leveraging both retail and professional segments [1][2] - SKYX is focused on enhancing its cash position through its e-commerce platform, which includes 60 websites, and support from strategic investors [1][2] - Upcoming product launches, such as smart heater fans, are expected to contribute to cash flow positivity in 2025 [1][2] - The company employs a "Razor and Blades" business model, which aims to create recurring revenue opportunities through product interchangeability, upgrades, monitoring, and subscriptions [1][2] Financial Performance - Revenue figures for SKYX from Q1 2024 to Q2 2025 are as follows: $19 million (Q1 2024), $21.4 million (Q2 2024), $22.2 million (Q3 2024), $23.7 million (Q4 2024), $20.1 million (Q1 2025), and $23.1 million (Q2 2025) [1][5] - The company has achieved record pre-audited financial results for Q2 2025, indicating strong growth momentum [1][2] Company Overview - SKYX Platforms Corp. is a technology company focused on smart home solutions, holding over 97 issued and pending patents globally [3] - The company operates over 60 lighting and home décor websites, targeting both retail and commercial segments [3] - SKYX aims to enhance safety and lifestyle in homes and buildings, positioning its products as essential in every room [3]

Core Insights - SKYX Platforms Corp. has entered a sales and marketing collaboration agreement with Parrot Uncle to jointly market innovative smart home technologies, including a patented all-in-one smart turbo heater and ceiling fan [1][2][6] - The ceiling fan and space heater market is a multi-billion-dollar industry, with tens of millions of units sold annually in the U.S. alone, indicating a significant market opportunity for the new product [2][4] - SKYX plans to launch two versions of the combined ceiling fan and heater product in 6 to 8 colors, targeting both residential and commercial markets, with production already underway [3][4] Company Overview - SKYX Platforms Corp. is focused on making homes and buildings smart, safe, and advanced, holding over 100 patents globally and managing more than 60 lighting and home décor websites [7] - The company emphasizes high quality and ease of use in its products, aiming to enhance safety and lifestyle in homes and buildings [7] Market Potential - The integration of a ceiling fan with a built-in heater addresses a substantial market opportunity across all four seasons, reinforcing the potential for significant sales growth [4] - The successful launch of this innovative product line is seen as a critical milestone for SKYX on its path to achieving cash-flow positive operations by 2025 [4][6]

Core Insights - SKYX Platforms Corp. has announced the issuance of 8 new patents, bringing its total to over 100 issued and pending patents globally, with 45 of these being issued patents [1][3][4] - The company's patent portfolio includes advanced plug-and-play smart home platforms, AI capabilities, home safety sensors, and various lighting solutions [2][3] - SKYX's Total Addressable Market (TAM) exceeds $500 billion, highlighting the significant value created by its robust patent portfolio [3] Patent Portfolio - The newly issued patents span multiple countries including the U.S., India, Japan, U.K., France, Germany, Italy, and Spain [1] - The patents cover technologies related to safety, smart home, AI, electrical, lighting, and ceiling fan industries [3][4] Company Vision and Mission - The company aims to establish smart, safe, and advanced homes and buildings as the new standard [4] - SKYX emphasizes high quality and ease of use in its technologies, which are designed to enhance safety and lifestyle in homes and buildings [4]

Core Insights - SKYX Platforms Corp. will be officially added to the Russell 2000 index on June 27, 2025, marking a significant milestone for the company [2] - The company plans to deploy over 500,000 units of its advanced Plug & Play smart home technologies in Miami's $3 billion Urban Smart Home City project [2] - SKYX has received substantial financial backing from U.S. and global manufacturers to support its product deployment [2] Market Acceptance, Progress and Recent Events - The Urban Smart Home City project will feature over 5,700 condos and apartments, retail space, parks, and a new Tri-Rail Station [2] - The project is led by SG Holdings, a joint venture known for transformative urban developments [2] - SKYX's Safety Code Standardization Team is gaining support from a key government safety organization to establish mandatory safety standards for its technologies [2][14] Product Launch and Financial Performance - The company anticipates a surge in demand for its All-In-One Smart Turbo Heater & Ceiling Fan, with a Q3 Winter launch expected to drive cash-flow positivity in 2025 [2] - SKYX generated record revenues of $20.1 million in Q1 2025, up from $18.9 million in Q1 2024 [2] - The company reported a reduction in General and Administrative expenses by 17% to $6.6 million in Q1 2025 [6] Strategic Partnerships and Market Expansion - SKYX has formed a strategic manufacturing partnership with Profab Electronics to enhance its supply chain [5] - The company collaborates with major retailers like Home Depot and Wayfair to expand its market presence [7] - A partnership with JIT Electrical Supply will further extend SKYX's reach in the electrical and lighting markets [7] Safety and Insurance Implications - SKYX believes its products can save insurance companies billions by reducing risks associated with fires and electrocutions [7][14] - The company is focused on a "Razor & Blades" business model, offering a range of smart home products that promote recurring revenue [7] Total Addressable Market - The total addressable market for SKYX's products in the U.S. is estimated at $500 billion, with significant opportunities in both retail and professional segments [7]

Core Insights - SKYX Platforms Corp. is a disruptive smart home technology company with over 97 patents and a mission to enhance safety and intelligence in homes and buildings [1] - The company will be added to the Russell 2000 index on June 27, 2025, indicating increased market recognition [2] - SKYX is involved in a $3 billion Urban Smart Home City project in Miami, deploying over 500,000 units of its smart home technologies [2] Market Acceptance, Progress and Recent Events - The Urban Smart Home City project will feature over 5,700 condos and apartments, retail space, parks, and a new Tri-Rail Station [2] - SKYX has secured financial backing from U.S. and global manufacturers for product deployment [2] - The company anticipates a surge in demand for its All-In-One Smart Turbo Heater & Ceiling Fan, with a Q3 launch expected to support cash-flow positivity in 2025 [2][4] Financial Performance - SKYX reported record revenues of $20.1 million in Q1 2025, up from $18.9 million in Q1 2024 [2] - The company has $12.3 million in cash as of March 31, 2024, down from $15.5 million a year earlier [2] - General and Administrative expenses decreased by 17% to $6.6 million in Q1 2025 [2] Strategic Partnerships and Collaborations - SKYX has formed a strategic manufacturing partnership with Profab Electronics to enhance its supply chain [4] - Collaborations with major retailers like Home Depot and Wayfair will expand the distribution of its smart products [4] - The company is working with leading lighting manufacturers and prefabricated home builders to integrate its technologies into new developments [4][5] Safety and Standardization Efforts - SKYX's Safety Code Standardization Team is gaining support from a prominent leader in a government safety organization [9] - The team aims to establish mandatory safety standards for its ceiling outlet technology, which could lead to significant insurance savings [9] - The company believes its products can save insurance companies billions by reducing risks associated with electrical fires and accidents [9] Market Potential - The total addressable market for SKYX in the U.S. is estimated at $500 billion, with over 4.2 billion ceiling applications [4] - The company is focused on a "Razor & Blades" business model, offering a range of smart plug & play products [4] - SKYX's e-commerce platform consists of over 60 websites aimed at enhancing market penetration [4]

Group 1 - The company has a beneficial long position in the shares of SKYX, indicating a positive outlook on the stock's performance [2] - The analyst emphasizes a focus on stocks with a strong competitive advantage and effective management teams, suggesting a strategic investment approach [1] - The current portfolio consists of 9 stocks and some ETFs, with plans to expand to 10 to 15 stocks and a few broad ETFs after revision [1] Group 2 - The stock is considered risky, and the analyst acknowledges the potential for loss due to its small position size [3] - Investors are advised to only invest money in SKYX that they are willing to lose, highlighting the inherent risks associated with this investment [3]

Summary of SKYX Platforms Conference Call Company Overview - **Company**: SKYX Platforms Corp - **Mission**: To make homes and buildings safe, smart, and advanced as a new standard [3][4] Industry Insights - **Market Growth**: The home construction and smart building markets are experiencing significant growth, with a Compound Annual Growth Rate (CAGR) that is described as extraordinary [9] - **Sales Figures**: - 2023 Sales: $58.8 million - 2024 Sales: $86.3 million [10] Product Innovations - **Product Generations**: - **Gen 1 Sky Plug**: Enables safe installation of light fixtures and electronics in seconds, recognized by the National Electrical Code (NEC) [5] - **Gen 2 Smart Sky Plug**: Features include phone control, voice control, energy-saving modes, and compatibility with smart home systems like Siri and Alexa [6] - **Gen 3 All-in-One Smart Home Platform**: Enhances lifestyle with advanced smart features [6][7] Strategic Partnerships and Market Penetration - **Distribution Relationships**: Collaborations with major retailers such as Home Depot, Wayfair, and international manufacturers [13][14] - **Smart Urban City Project**: A $3 billion smart city initiative in Miami, expecting over 500,000 installations of SKYX technologies [11][12] Regulatory and Safety Standards - **Regulatory Approvals**: SKYX has received multiple approvals from ANSI and NEC, marking a significant change in the definition of receptacles in electrical codes [22][24] - **Safety Impact**: The technology aims to reduce accidents related to electrical installations, with data indicating over 430 civilian deaths annually due to improper installations [29][30] Market Potential - **Total Addressable Market (TAM)**: - Over 140 million homes in the US with approximately 420 million fixture installations annually [19][20] - The commercial market is expected to be equally large or larger [20] Future Outlook - **Product Development**: Plans to launch additional products, including a fan and heater combination, aimed at achieving cash flow positivity by the end of the year [34] - **Licensing Strategy**: Prepared to license technology to third parties, indicating a vast market opportunity [35] Conclusion - **Overall Strategy**: The company aims to establish a new standard in electrical installations, enhancing safety and convenience while tapping into a massive market potential [31][32]