Financial Data and Key Metrics Changes - The company reported record revenue of $24 million in Q3 2025, an increase from $23 million in Q2 2025, marking seven consecutive quarters of revenue growth from Q1 2024 to Q3 2025 [4][11] - Gross profit for Q3 2025 increased by 8% to $8 million compared to $7 million in Q2 2025, with gross margin rising to 32% from 30% in the previous quarter [13][14] - Net loss per share decreased by 1 cent to 7 cents in Q3 from 8 cents in Q2, while adjusted EBITDA loss per share remained stable at 2 cents [14] Business Line Data and Key Metrics Changes - The company anticipates deploying over 50,000 products into homes and units by the end of Q4 2025, with a focus on retail and professional segments [6][30] - Significant collaborations include supplying technologies to a 278-apartment project in Austin, Texas, and a $3 billion mixed-use urban smart home city project in Miami, with expectations of supplying over 500,000 units [5][6] Market Data and Key Metrics Changes - The company has signed an agreement with Global Venture Group to deploy smart home technologies in Middle Eastern projects, including Saudi Arabia and Egypt, expecting to supply hundreds of thousands of units [4][5] - The company is experiencing growth in deferred revenue, indicating an acceleration of revenues primarily from its e-commerce platform [12] Company Strategy and Development Direction - The company is focused on expanding its market penetration through strategic partnerships and collaborations, particularly in the real estate and hotel segments [4][5][16] - The introduction of AI-driven software for its e-commerce platform is expected to increase conversion rates and sales by 30%, enhancing the overall customer experience [8][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth opportunities, particularly in the Middle East and through collaborations with major developers [16][20] - The company is making progress towards mandatory safety standardization for its products, which is expected to enhance market acceptance and safety [18][60] Other Important Information - The company raised $5 million in additional capital from leading shareholders, reflecting confidence in its strategy and development [9][11] - The upcoming launch of a patented advanced smart turbo heater fan and various plug-and-play ceiling fans is anticipated to contribute significantly to cash flow [7][27] Q&A Session Summary Question: Near-term revenue outlook and product deployment - The company expects to deploy over 50,000 products by the end of Q4, with a mix of higher-ticket items contributing to revenue growth [30][31] Question: Software upgrade impact on revenue - The software upgrade is expected to be completed by Q1 or Q2 of 2026, aiming to increase conversion rates through AI methods [36][38] Question: Current shipping status of projects - The Marriott demo has opened doors for more business, while projects in Austin and Florida are starting to supply soon, with larger projects expected to begin in 2026 [42][64] Question: Middle East opportunities - The company sees significant growth potential in the Middle East, particularly in advanced technology adoption for commercial and residential developments [67] Question: Turbo heater fan sales channels - The turbo heater fan is expected to be sold through the company's websites and potentially through Home Depot, with further announcements to come [70]

Financial Performance - SKYX reported record revenues of $24 million in Q3 2025, up from $23 million in Q2 2025, marking a 4% increase[1] - Gross profit increased by 8% to $8 million in Q3 2025, compared to $7 million in Q2 2025[2] - Gross margin improved to 32% in Q3 2025, up from 30% in Q2 2025[3] - Revenue for Q3 2025 reached $23,891,537, a 7.8% increase from $22,168,919 in Q3 2024[22] - Total revenue for the nine months ended September 30, 2025, was $67,067,130, compared to $62,592,888 for the same period in 2024, reflecting a growth of 7.9%[22] - The net loss for Q3 2025 was $7,615,926, compared to a net loss of $8,621,306 in Q3 2024, showing an improvement of 11.7%[22] - The company reported a net loss attributed to common stockholders of $7,902,926 for Q3 2025, compared to $8,621,306 in Q3 2024[22] - For the nine months ended September 30, 2025, the net loss was $25,494,983 compared to a net loss of $25,760,456 for the same period in 2024, indicating a slight improvement[24] Operating Expenses and Cash Flow - Operating expenses for Q3 2025 totaled $30,655,155, up from $29,774,354 in Q3 2024, indicating a year-over-year increase of 2.9%[22] - Cash and cash equivalents decreased to $7,829,739 as of September 30, 2025, down from $12,639,441 at the end of 2024[21] - Total assets decreased to $58,414,184 as of September 30, 2025, compared to $65,887,047 at the end of 2024[21] - The company experienced a net cash used in operating activities of $(11,296,274) for the nine months ended September 30, 2025, compared to $(12,951,448) in 2024[24] Capital and Financing - The company has raised $5 million in additional capital and extended $11 million in notes due until 2030[8] - The company issued common stock pursuant to offerings, generating proceeds of $4,809,148 for the nine months ended September 30, 2025[24] Market Opportunities and Collaborations - The company expects to deploy over 50,000 products into homes/units by the end of Q4 2025 through retail and professional segments[4] - SKYX signed an agreement with Global Ventures Group to deploy hundreds of thousands of smart home technologies in Middle East projects, including Saudi Arabia and Egypt[5] - SKYX is collaborating with a $3 billion mixed-use smart city project in Miami, supplying over 500,000 units of its technologies[7] - The total addressable market (TAM) in the U.S. is estimated at $500 billion, with significant opportunities for recurring revenues through various channels[10] Equity and Liabilities - Total liabilities increased slightly to $57,253,277 as of September 30, 2025, from $56,833,619 at the end of 2024[21] - The company’s accumulated deficit grew to $(208,054,182) as of September 30, 2025, compared to $(181,783,825) at the end of 2024[21] - The total stockholders' equity (deficit) at the end of the period was $(3,839,093) compared to $3,834,570 at the end of the same period in 2024[23] Non-Cash Expenses - Non-cash equity-based compensation expense for the nine months ended September 30, 2025, was $10,027,416, up from $9,035,221 in 2024[24] - The company reported a depreciation and amortization expense of $3,585,817 for the nine months ended September 30, 2025, compared to $3,125,903 in 2024[24] Adjusted EBITDA - Adjusted EBITDA loss per share remained at $0.02 in Q3 2025, consistent with Q2 2025[9] - The adjusted EBITDA for the nine months ended September 30, 2025, was $(8,552,792), compared to $(9,449,211) for the same period in 2024[26] - The company incurred interest expenses of $3,497,227 for the nine months ended September 30, 2025, compared to $3,031,371 in 2024[26]

Financial Performance - Revenue for the three months ended September 30, 2025, was $23,891,537, a 7.8% increase from $22,168,919 in the same period of 2024[15] - Net loss for the three months ended September 30, 2025, was $7,615,926, compared to a net loss of $8,621,306 for the same period in 2024, reflecting a 11.7% improvement[15] - The company reported a net loss attributed to common stockholders of $26,270,357 for the nine months ended September 30, 2025, compared to $25,760,456 for the same period in 2024[15] - For the nine months ended September 30, 2025, the net loss was $25,494,983, compared to a net loss of $25,760,456 for the same period in 2024[20] - The net loss for the nine months ended September 30, 2025, was $25.49 million, slightly improved from a net loss of $25.76 million in 2024[77] Assets and Liabilities - Total current assets decreased to $16,438,196 as of September 30, 2025, down from $20,374,450 at the end of 2024, a decline of 19.5%[13] - Total assets decreased to $58,414,184 as of September 30, 2025, compared to $65,887,047 at the end of 2024, a reduction of 11.5%[13] - Total liabilities increased to $57,253,277 as of September 30, 2025, compared to $56,833,619 at the end of 2024, an increase of 0.7%[13] - Cash and cash equivalents decreased to $7,829,739 as of September 30, 2025, down from $12,639,441 at the end of 2024, a decline of 38.5%[13] - Total stockholders' equity (deficit) was reported at $(3,839,093) as of September 30, 2025, compared to $3,834,570 in 2024[20] Operating Expenses - Operating expenses for the nine months ended September 30, 2025, totaled $89,064,886, up from $85,321,973 in the same period of 2024, an increase of 3.1%[15] - Total operating expenses for the nine months ended September 30, 2025, were $89,064,886, up from $85,321,970 in 2024, indicating a rise of about 3.1%[77] - The company reported non-cash equity-based compensation expense of $10,027,416 for the nine months ended September 30, 2025, compared to $9,035,220 in 2024, reflecting an increase of approximately 11%[20] Cash Flow - The company generated net cash used in operating activities of $11,296,274 for the nine months ended September 30, 2025, compared to $12,951,448 in 2024, indicating a reduction of approximately 12.8%[20] - Cash paid for operating lease liabilities was $1,727,917 for the nine months ended September 30, 2025, compared to $1,636,374 for the same period in 2024[53] - The company generated $6.54 million in net cash from financing activities during the nine months ended September 30, 2025, compared to $4.11 million in 2024, representing a 59.3% increase[20] Stock and Equity - The weighted average number of common shares outstanding for the three months ended September 30, 2025, was 112,021,945, compared to 103,507,590 for the same period in 2024[15] - The Company issued 5,180,254 shares of common stock for services provided, valued at $10,027,416, averaging $1.94 per share during the nine months ended September 30, 2025[59] - The Company recognized compensation expenses of $8,038,763 related to restricted stock units (RSUs) during the nine months ended September 30, 2025, compared to $7,168,301 in the same period in 2024[67] - The number of outstanding stock options increased to 33,003,655 as of September 30, 2025, with a weighted average exercise price of $6.54[62] Challenges and Future Outlook - The company anticipates ongoing challenges related to market conditions, including supply chain constraints and potential economic downturns[10] - The company intends to mitigate liquidity concerns by increasing revenues and margins from products sold to large retailers and internet portals[25] - The company is focusing on expanding its operations and integrating new lines of business related to smart products and technologies[10] Inventory and Accounts - The Company’s allowance for doubtful accounts increased to $22,668 as of September 30, 2025, from $12,147 as of December 31, 2024[33] - The allowance for sales returns decreased to $107,502 as of September 30, 2025, from $242,515 as of December 31, 2024[34] - Total inventory as of September 30, 2025, was $3,716,758, a slight decrease from $3,785,346 as of December 31, 2024[37] - Total accounts payable and accrued expenses increased to $15.73 million as of September 30, 2025, compared to $14.28 million as of December 31, 2024, reflecting a growth of approximately 10.2%[56] Debt and Obligations - The total debt as of September 30, 2025, was $18,993,888, a decrease from $20,107,705 as of December 31, 2024[48] - Interest expense for the nine months ended September 30, 2025, was $1,195,591, down from $2,061,236 for the same period in 2024[48] - The Company owes $1.4 million to General Electric (GE) as of September 30, 2025, with payments of $0.1 million due in 2025 and $1.3 million in 2026[55]

Core Insights - SKYX Platforms Corp. reported a record revenue of $24 million in Q3 2025, marking a 4% increase from Q2 2025 and an 8% increase from Q3 2024 [2][8][14] - The company has experienced consistent revenue growth for seven consecutive quarters, with revenues ranging from $19 million in Q1 2024 to $24 million in Q3 2025 [1][7] - Gross profit improved by 8% to $8 million in Q3 2025, with gross margin increasing to 32% from 30% in Q2 2025 [4][8][14] Financial Performance - As of September 30, 2025, the company reported $13 million in total cash, cash equivalents, restricted cash, and receivables [2][9] - The adjusted EBITDA loss per share remained stable at $0.02 in Q3 2025, with a net loss per share decreasing to $0.07 from $0.08 in Q2 2025 [4][12] - The company raised $5 million in additional capital from leading shareholders and extended $11 million in notes due until 2030 [2][11] Strategic Developments - SKYX signed an agreement with Global Ventures Group to deploy its smart home technologies in Middle Eastern projects, including Saudi Arabia and Egypt, expecting to supply hundreds of thousands of units [1][4][15] - A major collaboration was established for a $3 billion mixed-use smart city project in Miami, where SKYX is expected to provide over 500,000 units of its technologies [4][15] - The company plans to launch an AI-driven software for its e-commerce platform, aiming to increase conversion rates and sales by 30% [1][4][15] Product and Market Expansion - SKYX is set to supply over 10,000 units of its technologies for a 278-apartment project in Austin, Texas, and is collaborating with Home Depot and Wayfair for retail distribution [4][15] - The company’s total addressable market in the U.S. is estimated at $500 billion, with significant opportunities for recurring revenues through various business models [7][15] - The Safety Code Standardization Team is making progress towards establishing mandatory safety standards for its technologies, supported by industry veterans [7][9]

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]

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].

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]

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 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.

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]