SKYX Platforms Sees 4M-Unit Pipeline, Aims for Positive Cash Flow by 2026

SKYX Platforms (NASDAQ: SKYX), a smart home technology company, has issued a corporate update revealing a combined SKYX and Deako pipeline estimated at over 4 million units, with an expected average selling price of approximately $50 per product. The announcement comes as Deako plans to supply more than 80,000 units to 1,000 Maronda Homes residences, while SKYX has signed agreements to provide technology for two 65-story Trump Towers in Hyderabad, India, and a Marriott hotel renovation in Durham, North Carolina. These deals underscore the company's expanding footprint in both residential and commercial markets.

The company anticipates its merger with Deako will reduce annual cash expenses by more than $6 million and potentially increase Deako revenue per home by up to fivefold. SKYX reported $27.7 million in cash, cash equivalents and restricted cash at the end of the second quarter of 2026, marking 10 consecutive quarters of year-over-year growth. SKYX is targeting positive cash flow as it exits 2026 and expects increased seasonal sales of its patented Turbo Heater Fan. Additionally, the company highlighted licensing agreements, planned artificial intelligence-driven e-commerce enhancements, and continued efforts to establish mandatory safety standards for its electrical ceiling outlet technology.

For the full press release, visit https://ibn.fm/LJP97. The latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX. InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; article and editorial syndication to 5,000+ outlets; enhanced press release enhancement to ensure maximum impact; social media distribution via IBN to millions of social media followers; and a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.