SKYX Platforms Corp. (NASDAQ: SKYX), a smart home technology company, has provided a corporate update revealing a combined SKYX and Deako pipeline estimated at more than 4 million units, with an expected average selling price of approximately $50 per product. The disclosure, detailed in a recent announcement, underscores the company's expanding footprint in the smart home and building technology market and offers investors a tangible measure of future revenue potential.
The pipeline figure is bolstered by recent commitments. Deako, which recently merged with SKYX, announced plans to supply more than 80,000 units to 1,000 Maronda Homes residences. Separately, SKYX signed agreements to supply technology for two 65-story Trump Towers in Hyderabad, India, and a Marriott hotel renovation in Durham, North Carolina. These projects span residential and hospitality segments across international and domestic markets, suggesting broader adoption of SKYX's advanced platform technologies. For readers and industry observers, the scale of these deployments matters because it demonstrates commercial traction beyond pilot programs, potentially accelerating revenue recognition as units are installed.
The merger with Deako is expected to reduce annual cash expenses by more than $6 million and could increase Deako revenue per home by up to fivefold. Such cost synergies and revenue expansion are critical for a company targeting profitability. SKYX reported $27.7 million in cash, cash equivalents and restricted cash at the end of the second quarter of 2026, along with 10 consecutive quarters of year-over-year growth. The company is targeting positive cash flow as it exits 2026, a milestone that would reduce reliance on external financing and signal financial self-sufficiency. Seasonal sales of its patented Turbo Heater Fan are also anticipated to rise, adding a consumer product dimension to its portfolio. For the industry, SKYX's push to establish mandatory safety standards for its electrical ceiling outlet technology could reshape building codes and create competitive barriers, benefiting early adopters and potentially raising safety benchmarks across home construction.
SKYX also highlighted licensing agreements, planned artificial intelligence-driven e-commerce enhancements and continued efforts to establish mandatory safety standards for its electrical ceiling outlet technology. These initiatives reflect a strategy to diversify revenue streams and embed its technology in regulatory frameworks. The company owns 60 lighting and home decor websites for both retail and commercial segments, amplifying its direct-to-consumer and commercial reach. To view 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. The announcement was distributed via InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN, which provides editorial syndication to 5,000+ outlets and social media distribution to millions of followers. For full terms of use and disclaimers applicable to all content provided by InvestorWire, see https://www.InvestorWire.com/Disclaimer.
