TechMediaBreaks – SKYX Platforms Corp. (NASDAQ: SKYX) Reports Record Q2 Revenue of $25.3 Million, Up 14% Sequentially

SKYX Platforms (NASDAQ: SKYX) reported record second-quarter 2026 revenue of $25.3 million, up 14% from $22.1 million in the first quarter and 10% from $23.1 million a year earlier, marking its 10th consecutive quarter of year-over-year growth. Gross profit increased 4% year over year to $7.3 million, while net loss narrowed to $8.2 million, or $0.06 per share, from $8.8 million, or $0.08 per share, a year earlier. Net cash used in operating activities declined 39% sequentially to $3.7 million from $6 million. SKYX reported $27.7 million in cash, cash equivalents and restricted cash as of June 30, with management stating it believes the company has sufficient cash to achieve its goals, including becoming cash flow positive as it exits 2026.

SKYX expects to deploy more than 1 million units through its projects and more than 100,000 units and homes through its pro and retail segments by year-end 2026. The company highlighted planned and ongoing projects in the U.S., Europe, Saudi Arabia and Egypt, along with expanded retail distribution of its patented SKYFAN and Turbo Heater products. SKYX is also developing an AI-driven system for its 60-site e-commerce platform and continues work toward safety-mandated standardization of its ceiling outlet and receptacle technology.

To view the full press release, visit https://ibn.fm/WjxWu

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced, safe, smart and AI platform technologies, with over 100 U.S. and global patents and patent pending applications. Additionally, the Company owns 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. 

NOTE TO INVESTORS: The latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX

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