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][10] - 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 [12][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 expanding into the hotel segment and smart city projects [5][6] - A significant collaboration with a $3 billion mixed-use urban smart home city project in Miami is expected to involve supplying over 500,000 units of advanced smart home technologies [5] 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, indicating a strategic expansion into international markets [4][5] - The company is also working on projects in Austin, Texas, and has established relationships with prominent developers, enhancing its market presence [5][15] Company Strategy and Development Direction - The company is focused on leveraging its technology to create recurring revenue opportunities through upgrades, AI services, and subscriptions, emphasizing the importance of data in its business model [6][10] - The upcoming launch of AI-driven software for its e-commerce platform is expected to increase conversion rates and sales by 30%, showcasing the company's commitment to integrating advanced technology into its operations [7][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, particularly in the B2B segment, which is expected to see significant growth starting in 2026 [42] - The company is making progress with safety code standardization and anticipates that its products will play a crucial role in enhancing safety in homes and buildings [17][53] Other Important Information - The company raised $5 million in additional capital from leading shareholders, reflecting confidence in its strategy and development [8][10] - The company is working on a patented advanced turbo heater fan and a variety of plug-and-play ceiling fans, which are expected to contribute to achieving cash-positive status [26] Q&A Session Summary Question: Can you provide insight into the 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 like ceiling fans and heater fans contributing to revenue growth [28][30] Question: What specifics can you share about the software upgrade and its impact on revenue? - The software upgrade is expected to be completed by Q1 or Q2 of 2026, aiming to enhance conversion rates through AI methods [33][34] Question: How does the company view the revenue mix between consumer sales and builder partnerships? - Currently, revenues are mainly from retail, but significant growth is anticipated in the B2B segment starting in 2026 [42] Question: What is the status of the various projects mentioned, including the Marriott Hotel and Miami Smart City? - The Marriott demo has opened doors for more business, while the Miami project is still in the permitting phase, with significant supply expected to start in 2026 [36][56] Question: Can you elaborate on the Middle East opportunity and its potential? - The Middle East is seen as a fast adopter of advanced technologies, with significant growth potential in commercial and residential developments [60]

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]

Financial Performance - Company reported record revenues of $23.1 million for the second quarter of 2025, an increase of 15% from $20.1 million in the first quarter of 2025 and 8% from $21.4 million in the second quarter of 2024 [2][8][14] - Gross profit for the second quarter of 2025 increased by 23% to $7 million, with a gross margin of 30.3%, up 7% sequentially from the first quarter of 2025 [2][9] - Net cash used in operating activities decreased by 54% to $2 million in the second quarter of 2025 compared to $4.3 million in the first quarter of 2025 [2][8] Cash Position - As of June 30, 2025, the company reported $15.7 million in cash, cash equivalents, and restricted cash, up from $12.3 million as of March 31, 2025 [2][10] - The company leverages its trades payable to finance operations, enhancing its cash position and lowering its cost of capital [10] Strategic Collaborations - Entered into a major collaboration with a $3 billion mixed-use smart city project in Miami, expected to supply over 500,000 units of its advanced smart home technologies [2][5] - Announced a sales and marketing collaboration with Parrot Uncle, a leading ceiling fan manufacturer, to jointly market SKYX's technologies [5] Product Development - Announced a surge in demand for its new patented all-in-one smart turbo heater and ceiling fan, targeting a multi-billion-dollar market [3][5] - The company has secured additional equity through preferred stock investments totaling approximately $15 million, indicating strong confidence from insiders [11] Market Expansion - Collaborating with major retailers like Home Depot and Wayfair to expand product offerings in both retail and professional segments [5][16] - The company is focused on growing its market penetration in the U.S. and Canada through its e-commerce platform of 60 websites [5][17] Safety and Standardization - The safety code standardization team is making progress with significant support from industry leaders, aiming for mandatory safety standards for its technologies [13] - The company believes its products can significantly reduce risks such as fires and electrocutions, potentially saving insurance companies billions annually [13]

Core Insights - The company anticipates its products will be in 30,000 U.S. and Canadian homes by the end of Q2 2025, with expectations for further growth in the second half of 2025 [1][3] - The company is progressing with significant projects and orders that are expected to lead to cash flow positivity in the second half of 2025 [1][15] - General and Administrative expenses decreased by 17% compared to Q1 2024, while gross margin and gross profit improved by 4.8% and 2% respectively in Q1 2025 compared to Q4 2024 [1][3][8] - The company secured an additional $4 million in preferred stock funding, part of a broader financing round totaling approximately $15 million, led by The Shaner Group [1][11] Financial Performance - The company generated record revenues of $20.1 million in Q1 2025, a 6% increase from $18.9 million in Q1 2024 [3][8] - Cash, cash equivalents, and restricted cash as of March 31, 2025, were reported at $12.3 million, down from $15.5 million as of March 31, 2024 [10] - Net cash used in operating activities decreased by 29% to $4 million in Q1 2025 compared to $6.1 million in Q4 2024 [9] - Adjusted EBITDA loss per share improved to $(0.04) in Q1 2025 from $(0.05) in Q1 2024 [12] Market Strategy and Collaborations - The company is focused on a "Razor & Blades" business model, with advanced plug & play products expected to generate recurring revenues through upgrades and subscriptions [7][15] - The total addressable market (TAM) in the U.S. is estimated at $500 billion, with over 4.2 billion ceiling applications [7] - Collaborations with major retailers like Home Depot and Wayfair are expected to enhance market penetration [14][15] - A strategic partnership with JIT Electrical Supply will expand the company's footprint in the electrical and lighting markets [15] Safety and Standardization Efforts - The company is receiving support for its safety code standardization efforts from prominent leaders in government safety organizations [2][14] - The safety code team believes its products can significantly reduce risks such as fires and electrocutions, potentially saving insurance companies billions annually [7][14] Leadership and Management - The management team includes former executives from Fortune 100 companies, indicating strong leadership and industry experience [13] - Recent appointments include Huey Long as head of e-commerce and Greg St. John as President of Lighting, Fans, and Smart Home Products, aimed at enhancing market strategies [15]