SKYX Platforms (SKYX) 2025 Conference Transcript

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]