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SKYX Announces it will be Launching a New AI Driven Software for its E-commerce Platform of 60 Websites Expected to Increase its Conversion Rate and Sales by 30%
Globenewswire· 2025-11-05 14:37
Core Insights - SKYX Platforms Corp. is launching a new AI-driven software for its e-commerce platform, which is expected to increase website conversion rates and sales by 30% [1][4] - The company aims to enhance its builder segment through direct sales channels and leverage the new software to support both B2B and B2C segments [2][4] - The e-commerce platform, Belami, is led by experienced executives with backgrounds in major retail companies [3][4] Company Overview - SKYX Platforms Corp. holds over 100 patents globally and operates more than 60 websites focused on lighting and home décor [1][5] - The company's mission is to make homes and buildings smart and safe, positioning its technologies as essential for modern living [5] Leadership and Strategy - CEO Huey Long emphasizes that the next decade of retail growth will be driven by e-commerce and AI innovation, aiming to capture market share in the home improvement sector [4] - The unified AI software platform is designed to accelerate revenue across various specialty sites and expand into new professional segments [4][5]
SKYX Platforms Corp. (SKYX) May Report Negative Earnings: Know the Trend Ahead of Q3 Release
ZACKS· 2025-11-04 16:01
Core Viewpoint - Wall Street anticipates flat earnings for SKYX Platforms Corp. with a projected quarterly loss of $0.08 per share and revenues of $23.2 million, reflecting a 4.7% increase year-over-year [1][3]. Earnings Expectations - The consensus EPS estimate has been revised down by 33.33% over the last 30 days, indicating a reassessment by analysts [4]. - A positive or negative Earnings ESP reading can indicate the likely deviation of actual earnings from the consensus estimate, with a positive reading being a strong predictor of an earnings beat [9][10]. Earnings Surprise Prediction - The Most Accurate Estimate for SKYX is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, making it challenging to predict an earnings beat [12]. - SKYX currently holds a Zacks Rank of 3, which does not strongly indicate an earnings beat [12]. Historical Performance - In the last reported quarter, SKYX matched the expected loss of $0.08 per share, resulting in no surprise [13]. - Over the past four quarters, SKYX has beaten consensus EPS estimates twice [14]. Industry Comparison - Bitdeer Technologies Group (BTDR) is expected to report a loss of $0.22 per share, a year-over-year change of +37.1%, with revenues projected at $161.14 million, up 159.8% from the previous year [18][19]. - The consensus EPS estimate for Bitdeer has been revised 40% higher in the last 30 days, with a positive Earnings ESP of +27.27%, suggesting a likely earnings beat [19][20].
SKYX Signs Agreement with Prominent U.S. and International Real Estate Developers Global Ventures Group to Deploy its Advanced Smart Home Technologies to Buildings and Hotels in Middle East Projects Including Saudi Arabia and Egypt
Globenewswire· 2025-10-28 12:45
Core Insights - SKYX Platforms Corp. has entered into an agreement with Global Ventures Group to deploy its smart home technologies in residential, commercial, and hotel projects across the Middle East, particularly in Saudi Arabia and Egypt, marking a significant step in its global expansion strategy [1][4] Group 1: Agreement and Expansion - The agreement aims to deploy SKYX's advanced smart home technologies into tens of thousands of homes and hotel rooms [1] - SKYX expects to supply hundreds of thousands of units of its smart home products, including various lighting solutions and smart home platforms [3] Group 2: Technology and Revenue Opportunities - SKYX's technologies are anticipated to provide long-term recurring revenue opportunities through monitoring, subscriptions, and AI services, alongside product upgrades and platform-wide integrations [1] - The company holds over 100 pending and issued patents globally, emphasizing its commitment to innovation in smart home technology [5] Group 3: Leadership and Vision - Randall Langer, CEO of Global Ventures Group, expressed excitement about integrating SKYX's technologies to enhance safety, convenience, and design standards in the Middle East [4] - Rani Kohen, Founder and Executive Chairman of SKYX, highlighted the collaboration's potential to enhance the value of buildings and create safer, advanced smart homes [4]
SKYX to Present at the LD Micro Main Event XIX
Newsfile· 2025-10-16 15:32
Company Overview - SKYX Platforms Corp. is a disruptive platform technology company with over 100 pending and issued patents globally and over 60 lighting and home décor websites [1][6] - The company's mission is to make homes and buildings safe and smart as the new standard, emphasizing high quality and ease of use while enhancing safety and lifestyle [6] Event Details - SKYX will present at the 19th annual LD Micro Main Event on October 20th at 9:30 AM PT in San Diego, California [1][3] - The event will run from October 19th to 21st, featuring around 120 companies presenting in half-hour increments and conducting one-on-one investor meetings [4][5] Leadership Engagement - Rani Kohen, Founder and Executive Chairman, and Lenny Sokolow, CEO, will be presenting and engaging with investors during the conference [1][3] - The presentation will focus on SKYX's growth strategy and recent milestones, providing an opportunity for direct engagement with investors [3]
SKYX Platforms (NasdaqCM:SKYX) Conference Transcript
2025-10-09 20:32
SKYX Platforms Conference Summary Company Overview - **Company**: SKYX Platforms (NasdaqCM:SKYX) - **Industry**: Smart Home Technology and Electrical Solutions - **Key Products**: - Gen 1 Sky Plug - Gen 2 Smart Sky Plug - Gen 3 Sky All-in-One Smart Home Platform - **Patents**: Nearly 100 U.S. and global patents and patent applications, with 45 issued patents [3][11][12] Core Points and Arguments Product Innovations - **Gen 1 Sky Plug**: Enables safe installation of light fixtures and electronics in under a minute, recognized by the National Electrical Code (NEC) [4] - **Gen 2 Smart Sky Plug**: Integrates smart features such as phone control, voice control, and energy-saving modes, installed in seconds [4] - **Gen 3 Sky All-in-One Smart Home Platform**: Provides a comprehensive smart home solution, integrating various smart features and enhancing safety [5][27] Market Potential - **Total Addressable Market (TAM)**: Estimated at $500 billion in the U.S. alone, with 4.2 billion ceiling installations not including commercial [12] - **Revenue Streams**: Product sales, royalties, licensing, subscriptions, monitoring, and data aggregation [12] Strategic Partnerships - Collaborations with major retailers and manufacturers, including Home Depot, Wayfair, and Marriott [13][39] - Focus on both B2C and B2B channels, leveraging e-commerce and direct sales [12][36] Safety and Regulatory Compliance - SKYX's technology addresses significant safety concerns, reducing installation time and risk of electrical hazards [18][22] - The company has received approvals from ANSI, NEMA, and is included in the National Electrical Code [20][26] Upcoming Products and Developments - Launch of a combined smart heater and ceiling fan expected in Q4, anticipated to drive cash flow and product adoption [34][35] - Ongoing development of the Miami Smart City project, projected to generate significant revenue through the installation of over 500,000 units [39][40] Additional Important Insights - **Hotel Industry Penetration**: SKYX's technology is being adopted in hotel renovations, significantly reducing installation time and enhancing safety [25][42] - **Prefabricated Homes**: The company sees growth potential in the prefabricated home market, which is expected to benefit from easy installation of their products [32] - **Data and Monitoring Opportunities**: Post-sale revenue opportunities through monitoring and data aggregation, leveraging the smart capabilities of their devices [40] Conclusion SKYX Platforms is positioned as a leader in the smart home technology sector, with innovative products that enhance safety and efficiency. The company is actively expanding its market presence through strategic partnerships and addressing significant safety concerns in the electrical installation space. The upcoming product launches and large-scale projects like the Miami Smart City are expected to drive future growth and revenue.
SKYX Provides Corporate Update Including an Additional $3.25 Million Investment from Leading Investor and Continued Expansion in Builder Segments
Globenewswire· 2025-10-09 15:00
Core Insights - SKYX Platforms Corp. is advancing its mission to make homes and buildings safer and smarter, with over 100 patents and a strong focus on innovative technologies [1][5] Market Acceptance, Progress and Recent Events - As of June 30, 2025, SKYX reported $15.7 million in cash and cash equivalents and raised an additional $3.25 million in September from an existing lead investor [2] - The company demonstrated its technology during a Marriott Hotel renovation, showcasing various smart lighting solutions [2] - SKYX will supply over 10,000 smart technologies to a 278-apartment project in Austin, Texas, developed by Landmark Companies [2] - The company is set to deploy over 500,000 units of its smart home technologies in Miami's $3 billion Urban Smart Home City project [2] - SKYX's Safety Code Standardization Team is gaining support for establishing mandatory safety standards for its technologies [2][7] - The company is on track for a winter launch of its turbo heater and ceiling fan, targeting a multi-billion-dollar market [2] - Management anticipates achieving cash flow positivity by the end of 2025, with revenues increasing for six consecutive quarters [2][3] Financial Performance - SKYX's revenues increased from $19 million in Q1 2024 to $23.1 million in Q2 2025, reflecting consistent growth [2][3] - Net cash used in operating activities decreased by 54% to $2 million in Q2 2025 compared to Q1 2025 [2] - Gross profit for Q2 2025 rose by 23% to $7 million, with a gross margin increase of 7% to 30.3% [3] Strategic Partnerships and Collaborations - SKYX secured $15 million in investments from strategic investors, including significant participation from company insiders [3] - A strategic manufacturing partnership with Profab Electronics aims to enhance the company's supply chain [3] - Collaborations with major retailers like Home Depot and Wayfair are in place to expand market reach [3] - The company is working with leading lighting manufacturers and prefabricated home builders to integrate its technologies [3] Safety Standardization and Insurance Implications - The Safety Code Standardization Team is led by industry veterans and is making progress towards mandatory safety standards for electrical technologies [7] - SKYX believes its products can save insurance companies billions by reducing risks associated with fires and electrocutions [7]
SKYX Will Supply its Technologies to a 278 Apartment Project in Austin, Texas Built by Prominent Developers Landmark Companies as it Continues to Grow its Market Penetration in the U.S. and Canada
Globenewswire· 2025-10-01 12:35
Core Insights - SKYX Platforms Corp. is set to supply over 10,000 units of its advanced smart plug and play technologies for a 278-apartment project in Austin, Texas, developed by Landmark Companies [2][3][4] - The collaboration aims to enhance safety, convenience, and design in modern living spaces, with a focus on integrating innovative technologies into future developments [4][5] Group 1: Company Overview - SKYX Platforms Corp. holds over 100 pending and issued patents globally and operates more than 60 lighting and home décor websites [2][5] - The company's mission is to make homes and buildings safer and smarter, emphasizing high quality and ease of use in its products [5] Group 2: Project Details - The Austin Manor project will feature various amenities, including swimming pools, a state-of-the-art gym, and landscaped green spaces [2][4] - The project is part of Landmark Companies' extensive experience in developing modern homes and buildings, with over 27 years in the industry [3][4] Group 3: Strategic Collaboration - Julia Baytler, CEO of Landmark Companies, expressed excitement about integrating SKYX's technologies to raise living standards [4] - Rani Kohen, Founder and Executive Chairman of SKYX, highlighted the collaboration's potential to enhance home values and create smarter buildings [4]
SKYX Platforms (NasdaqCM:SKYX) 2025 Conference Transcript
2025-09-30 16:47
Summary of SKYX Platforms Conference Call Company Overview - **Company**: SKYX Platforms (NasdaqCM:SKYX) - **Industry**: Smart home technology and electrical installation solutions Key Points and Arguments 1. **Product Innovation**: SKYX has developed a series of products aimed at simplifying electrical installations, including the Gen 1 Sky Plug, Gen 2 Smart Sky Plug, and Gen 3 all-in-one smart home platform, which enhance safety and convenience for users [3][4][5] 2. **Market Penetration**: The company has been selected to provide its technologies for a $3 billion smart urban city project in Miami, which will deploy over 500,000 units of SKYX products [7][9] 3. **Hospitality Sector Engagement**: SKYX has demonstrated its technology in Marriott SpringHill Suites, showcasing the efficiency and safety of its installation process, which significantly reduces renovation time and costs [10][11] 4. **Advisory Board**: The company boasts a strong advisory board with industry veterans, including former executives from Nielsen, Home Depot, and Disney, enhancing its credibility and strategic direction [13][14] 5. **Regulatory Approvals**: SKYX has received significant regulatory approvals, including recognition in the National Electrical Code, which positions its products as industry standards [22][23] 6. **Safety Impact**: The technology addresses safety concerns associated with traditional electrical installations, potentially reducing the annual fatalities and injuries related to electrical mishaps [25][26] 7. **Revenue Streams**: The company anticipates diverse revenue streams from product sales, licensing, and data aggregation, with a total addressable market in the U.S. exceeding $500 billion [16][18] 8. **Future Products**: Upcoming products include an all-in-one fan and heater, expected to launch in Q4, which will further enhance the company's market presence [31][32] Additional Important Content - **Market Trends**: The prefabricated modular home market is identified as a significant growth opportunity, with potential for increased adoption in the U.S. [30] - **Technological Integration**: The Gen 3 platform integrates various smart features, enhancing user experience and operational efficiency [27][28] - **Strategic Partnerships**: Collaborations with major retailers and builders, including Home Depot and GE, are crucial for market penetration and product distribution [19][20] This summary encapsulates the essential insights from the SKYX Platforms conference call, highlighting the company's innovative approach, market opportunities, and strategic positioning within the smart home technology industry.
SKYX Platforms (NasdaqCM:SKYX) 2025 Conference Transcript
2025-09-16 19:32
Summary of SKYX Platforms Corp. Conference Call Company Overview - **Company**: SKYX Platforms Corp. (NasdaqCM:SKYX) - **Industry**: Smart home technology and electrical solutions Key Points and Arguments 1. **Leadership Team**: The leadership team includes experienced individuals such as Rani Kohen (Founder), Steven Schmidt (President), and Bob Nardelli (former CEO of Home Depot), highlighting a strong background in retail and technology [3][4] 2. **Patents and Market Position**: The company holds over 100 patents, with 45 issued in the U.S. and globally, indicating a strong intellectual property position [6] 3. **Total Addressable Market (TAM)**: The TAM in the U.S. is over $500 billion, with 4.2 billion ceiling applications, showcasing significant market potential [6] 4. **Revenue Streams**: Revenue is generated through product sales, royalties, licensing, subscription monitoring, and data aggregation [7] 5. **Historical Revenue Growth**: Revenue increased from $24 million in 2022 to $58.8 million in 2023, with projections of $86.3 million for 2024, indicating strong growth [8][9] 6. **Collaborations**: Partnerships with major companies like Home Depot, GE Licensing Group, and Kichler enhance market reach and credibility [9] 7. **Smart City Project**: The $3 billion Smart City project in Miami is expected to generate over 500,000 unit sales of their products, marking a significant milestone for the company [10][11] 8. **Regulatory Approvals**: The company has received multiple regulatory approvals, including being codified in the National Electrical Code, which is crucial for market adoption [16][17] 9. **Installation Efficiency**: The product installation is designed to save nearly 90% of time and cost compared to traditional methods, making it attractive for builders and developers [19][20] 10. **Product Development**: The all-in-one smart heater fan is anticipated to be a key product for the upcoming winter season, with significant interest from channels [25][26] 11. **Gross Margins**: Current gross margins are around 30%, with expectations for improvement through a better product mix [27] 12. **Cash Flow Goals**: The company aims to achieve cash flow break-even by the end of 2025, indicating a focus on financial sustainability [28] Additional Important Content - **Market Penetration**: The company is expanding its presence in both B2C and B2B markets, with a focus on builders and large contractors [6][8] - **Technological Integration**: The products are designed to integrate seamlessly with smart home technologies, enhancing user experience [21][22] - **Modular Home Opportunities**: There is a significant opportunity in the modular prefabricated home market, which is currently under-penetrated [23][24] - **Future Outlook**: The company is optimistic about scaling its success from the Miami Smart City project to other large developments globally [26] This summary encapsulates the key insights from the conference call, providing a comprehensive overview of SKYX Platforms Corp.'s current position and future prospects in the smart home technology industry.
SKYX Successfully Demonstrated Its Technologies During a Marriott SpringHill Suites Hotel Renovation as It Continues to Grow Its Market Penetration in the U.S. and Canada
Globenewswire· 2025-09-03 14:14
Core Insights - SKYX Platforms Corp. successfully demonstrated its advanced technologies during a renovation at a Marriott SpringHill Suites Hotel, highlighting significant safety, time savings, and cost savings [1][3][7] - The company expects its technologies to be utilized in additional Marriott renovations and other hotel brands, as major hotel chains typically require full renovations every 7 years [3][7] Technology and Innovation - The demonstration incorporated SKYX's smart plug & play technologies, including various lighting solutions such as ceiling lighting, recessed lights, downlights, wall lights, EXIT and emergency lights, and plug-in LED backlight mirrors [2][3] - SKYX holds over 100 pending and issued patents globally, emphasizing its commitment to innovation in making homes and buildings safer and smarter [1][8] Market Position and Future Outlook - The company aims to scale its footprint and unlock long-term value through recurring revenue opportunities, as stated by its Founder and Executive Chairman [7] - The Shaner Hotel Group recognizes the significant value of SKYX's technologies in terms of time and cost savings, indicating strong investor confidence in the company's future prospects [7]