SKYX Platforms（SKYX）2026年第2四半期決算説明会：売上高は2,530万ドルに到達

主要なポイント

• 2026年第2四半期の売上高は、前四半期比14%増、2025年第2四半期の2,300万ドルから10%増となる過去最高の2,530万ドルに達しました。SKYXは10四半期連続で前年同期比での増収を記録しました。
• 第2四半期の売上総利益は前年同期比4%増の730万ドルとなりました。営業キャッシュ使用額は前四半期の600万ドルから39%減少し、370万ドルとなりました。
• 2026年6月30日時点の現金・現金同等物および拘束性預金は計2,770万ドルとなり、2025年12月31日時点の1,010万ドルから増加しました。経営陣は、2026年期末までにキャッシュフローを黒字化するという目標の達成に向け、手元流動性は十分であると考えています。
• SKYXは公表済みのプロジェクトを通じて100万台以上を展開する見込みであり、2026年末までに10万台以上を出荷または市場投入するという目標を継続して掲げています。
• ホテル・ホスピタリティおよび建築業者向けプロジェクトは供給段階へと進んでいますが、第3世代（Gen 3）のモニタリング製品は量産開始前に米国やFCC（米国連邦通信委員会）などの規制承認を取得する必要があります。

主要財務データ

事業および営業業績の動向

SKYXは、建築業者やホテルでの採用が引き続き拡大していると発表しました。公表された導入例には、ノースカロライナ州ダラムのマリオット・シティ・センター・ホテルの改修工事、フランスのグランド・ホテル・デュ・パーク、プラハのホテル・モーツァルトが含まれます。また同社はGroup OTTと協定を締結し、132,000軒以上のホテルを対象とする欧州のホテル市場向けに同社技術を販売する商業取り決めを盛り込みました。

経営陣によると、一部の建築およびホテルプロジェクトへの納入は2026年第3四半期に始まっており、2026年第4四半期および2027年を通じて追加納入が見込まれています。パイプライン全体の展開エリアには、ノースカロライナ州、オースティン、サンアントニオ、サウスフロリダ、ニューヨーク、欧州、サウジアラビア、エジプトなどが含まれます。

SKYXはまた、グローバル照明メーカーのEurofaseと技術ライセンス契約を締結しました。経営陣は、ホテルや不動産プロジェクトでの採用活動の活発化が更なるライセンス機会を生み出す可能性があると説明しましたが、具体的な時期や個別契約についての言及はありませんでした。

経営陣によると、特許取得済みのターボヒーターファンは夏季にもかかわらず好調な販売の兆候を示しています。SKYXは小型および大型モデルの導入を計画しており、いずれも2026年第4四半期までの投入を予定しています。同社は、季節需要と高利益率製品の寄与拡大が今後の四半期における製品ミックスを支援すると期待しています。

同社はまた、自社ECプラットフォーム上でのAI駆動型ソフトウェアの開始に向けた最終段階を迎えています。経営陣は、天井用レセプタクルが設置された後、AIサービス、モニタリング、サブスクリプション、製品の互換性、アップグレードなどからストック型の継続収益が得られる可能性があると見ています。

経営陣の業績見通し（ガイダンス）

経営陣は、2026年期末までにキャッシュフローを黒字化するという目標を改めて言及しました。同社は、現在の流動性がその目標の達成に向けて十分であると考えています。

SKYXは引き続き、2026年末までに10万台以上が出荷または市場展開されると見込んでいます。経営陣は進捗が計画通りであると述べる一方、100万台以上というより大きな目標は2026年単年だけの数値ではなく、各種プロジェクトの進行に伴って展開される総数であると説明しました。

経営陣は、売上構成比がターボヒーターファンや建築業者・ホテル顧客向け製品へとシフトすると予想しています。高利益率製品の貢献が増えることで、今後の四半期において売上総利益率の向上が期待できると考えています。

第3世代（Gen 3）の量産サンプルはテスト段階にあり、経営陣によるとハードウェアとソフトウェアはともに順調に機能しているとのことです。商用納入は次四半期にも開始される可能性がありますが、その時期は規制承認に依存するため同社の制御の及ばない範囲にあります。

リスクと注視事項

• 不動産およびホームデコレーション市場の低迷が続いているものの、SKYXはそのような環境下でも売上高の成長を記録しました。
• Gen 3の大量生産は米国、FCC、その他規定の承認に依存しているため、製品投入時期に不確実性が存在します。
• 同社の天井用レセプタクルに関する標準規格化（コード標準化）の義務化は、長期にわたるプロセスとなっています。経営陣は進展が見られると述べたものの、明確なスケジュールは示しませんでした。
• 売上総利益率は一部製品ミックスに依存します。アナリストからは、第2四半期の売上総利益率が約29%となり、第1四半期の約30%から低下したとの指摘がありました。
• 100万台のパイプラインは複数期間にわたって達成される見通しであり、納入は2027年にまで及ぶ予定です。

アナリスト質疑応答の主なポイント

売上総利益率について、経営陣はターボヒーターファンや建築業者・ホテル向け製品の寄与度が高まることで、今後の四半期において高利益率の売上比率が上昇する見込みであると説明しました。

B2Bでの展開について、経営陣は初期プロジェクトへの供給が第3四半期に始まり、続いて2026年第4四半期、2027年第1四半期、および2027年後半に追加納入が行われると述べました。また、2026年末までに10万台以上という目標の達成に向けて自信をみせました。

Gen 3について、SKYXは量産サンプルのテストが順調に推移していると述べました。残された課題は、大量生産および顧客への納入を開始する前に行われる規制当局からの認可取得です。

経営陣はまた、同社のオールインワン・スマートプラットフォーム等の製品がホテルや建築業者のプロジェクトに向けて協議中であることを確認しました。天井コンセント（レセプタクル）が設置されれば、顧客は対応する照明器具、スマートプラットフォーム、またはシーリングファンを接続できるようになります。

義務的な標準化について、経営陣は複数の安全機関での進展を指摘し、一般名詞であるWSCR（重量支持型天井レセプタクル）が既に規定集（コードブック）に記載されていると言及しました。ただし、同社はこのプロセスが時間を要するものであり、自社でタイムラインを管理できるわけではないことを強調しました。

決算説明会トランスクリプト全文

決算説明会の完全なトランスクリプト

経営陣による説明

Operator

Good afternoon, and welcome to the SKYX Platforms Corp. second quarter 2026 earnings conference call.

Before we begin, I'd like to remind everyone that during today's call, management may make forward-looking statements within the meaning of the federal securities laws. These statements are based on current expectations and assumptions and involve risk and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For a discussion of these risks and uncertainties, please refer to SKYX Platforms Corp.'s filings with the Securities and Exchange Commission. The company undertakes no obligation to update any forward-looking statements except as required by law.

During today's call, management will also discuss certain non-GAAP financial measures. Where applicable, reconciliations to the most directly comparable GAAP measures can be found in the company's earnings release and SEC filings.

I would now like to turn the conference over to your host, Ronnie Kohen, Founder and Executive Chairman of SKYX Platforms. Ronnie, please go ahead.

Ran Kohen

Thank you, Rob. Good afternoon. Welcome to our 2026 second quarter call. We will start -- as you will see, we made tremendous progress here, and we will start with our President, Steve Schmidt. Steve?

Steven Schmidt

Ronnie, thank you very much. First of all, good afternoon to everyone and welcome to our second quarter 2026 earnings call. As you will see today, we are continuing to execute on all our priorities in the second quarter of 2026 as well as in the weeks that followed.

First, a few financials. In Q2, our sales grew 14% to $25.3 million, compared to $22.1 million in Q1 2026, representing 10 consecutive quarters of growth year-over-year as we continue to grow our market penetration. And all of this despite the real estate and home decor markets continuing to decline. Next, we are also reporting over $27.7 million in cash and cash equivalents as of June 30, 2026. We believe we have sufficient cash to achieve our goals, including becoming cash flow positive as we exit 2026.

So now let's talk about many of the key initiatives and our progress to date. We recently announced that we will supply our technologies during a renovation of a Marriott City Center Hotel in Durham, North Carolina. In May, we announced our technology will become brand standard for European Hotel Developers Group OTT, developer of over 250 hotels and buildings across Europe. Next, in May, we also announced that we will deploy our technologies to our first European hotel in France during a renovation of an historical architectural preservation hotel, The Grand Hotel du Parc, formerly The Grand Medicis Hotel.

In June, we announced that we will deploy our technologies to our second European hotel during a renovation of a 5-star Accor Hospitality Group Hotel Mozart Prague. Next, we signed an additional agreement with Group OTT Heritage Hospitality Group to deploy and market our technologies to the vast European hotel market of over 132,000 hotels. Importantly, in May 2026, we signed a license agreement for our advanced technologies with a Global Lighting Company Eurofase, with operations in the U.S., Canada, and globally.

Next, we expect to deploy over 1 million units of our products, including our advanced smart home plug-and-play technologies during the course of our projects and to deliver over 100,000 units by the end of 2026 through our pro and retail segments. Our future projects in the U.S. and globally, which we've announced, include projects in North Carolina, Austin, San Antonio, South Florida, including Miami's New $4 Billion Smart City, New York, Europe, Saudi Arabia, and Egypt.

Next, despite record hot summer weather, our sales of our patented turbo heater fan are continuing to grow, and we expect sales to significantly grow towards fall and winter seasons, and we will provide additional products in new designs and sizes. Our technologies expansion provides additional opportunities for future recurring revenues through interchangeability, upgrades, AI services, monitoring, subscriptions, and more.

Next, our enhanced safety code standardization team continues its progress towards its goal of a safety-mandated standardization in homes and buildings of our life-saving ceiling outlet and receptacle technology, a tremendous amount of success and progress in Q2.

So with that, let me now turn the call over to Lenn Sokolow, our CEO, to provide additional details on our financial performance. Lenn?

Leonard Sokolow

Great, thank you very much, Steve. As Steve mentioned, we generated an increase of 14% in revenues to a record $25.3 million in the second quarter of 2026. This is compared to $22.1 million in revenues in the first quarter of 2026 and an increase of 10% compared to $23 million for the second quarter of 2025. As of June 2026, we reported $27.7 million in total cash, cash equivalents, and restricted cash. This is compared to $10.1 million as of December 31, 2025.

Revenues for the six months ended June 30, 2026, increased 10% to a record $47.4 million compared to $43.2 million for the six months ended June 30, 2025. The gross profit for the second quarter ending June 30 increased comparatively for the second quarter of 2025 by 4% to $7.3 million.

And gross profit for the six months ended June 30, 2026, increased by 10% to $13.9 million compared to the $12.7 million for the six months ended June 30, 2025. Our net cash used in operating activities was reduced by approximately 39% to $3.7 million in the second quarter of 2026 from $6 million in the first quarter of 2026. And the company reduced interest-bearing debt by $2 million as of June 30, 2026.

And with that, if I could turn it over to Ronnie, please.

Ran Kohen

Thank you, Lenny. Thank you, Steve. As you can see, and as you see, we continue our progress with 10 consecutive year-over-year quarters of growth. Our builder and hotel segments are continuing to grow. Our value proposition is very strong in those 2 segments of hotels and builders. We save up to 90% of time and by this -- of installation or renovation, and by this up to 90% of cost of renovation and installation.

These million units that we expect that we have in our pipeline and expected to be supplied are not only going to generate revenue for us, it's important to say that those can create recurring revenues through AI services, monitoring, subscription, interchangeability, upgrades for styles or season or renovations. So this is just the beginning, what you see here, but this is definitely a segment we're very focused on, and we believe then that very soon we'll have more to say in those segments.

We are also progressing with our code mandatory standardization. We're making progress. Our code team believes that we're getting closer to our goal. Again, it's a long progress of 14 years now that we met all the conditions and beyond, and we expect this to keep on progressing in the next coming months. We are also making progress with insurance companies based on the safety elements of our products.

We have interests and discussions with insurance companies, and we believe that as we continue our progress, we will have ability to collaborate with insurance companies. That segment looks promising for our future. With that being said, we're also in final stages of launching our AI-driven software on our e-commerce platform, and we expect in the near future to also enhance our e-commerce platform towards the builder and hotel segments as that is where we see tremendous growth opportunities for us, and we are in several discussions on additional projects in this area.

With that being said, we'll open now for Q&A. We welcome your questions. Thank you.

Operator

[Operator Instructions] Our first question comes from Jacob Stephan with Lake Street Capital Markets.

質疑応答

Jacob Stephan

Congrats on a good quarter here. Maybe just first touching on the gross margin front, Q2 at 29% was down from kind of 30% in Q1. I guess, when we look at the second half and kind of correlating that with your comments on stronger second half, what specifically are you kind of factoring into kind of a gross margin front as we look at the back half of the year?

Ran Kohen

This is a mixture of our products. As we continue our growth with the turbo heater fan and other products that we'll supply to our builder and hotel segment, the blend of revenue on this side will grow, and the blend of products with higher gross margins will be much higher, and we expect to grow that segment as we continue in the next coming quarters.

Jacob Stephan

Okay. And I guess on the B2B front, we've kind of talked about the 1 million units reserved for several quarters now. I guess, can you provide any detail on what has shipped kind of in the first half, what you are kind of expecting in the back half of the year?

Ran Kohen

We are -- yes, we are starting to supply some projects this quarter and continuing in Q4 and Q1 and 2027 in general. So we have a pipeline, and we're starting to supply to some of those buildings and hotels mentioned in our segment.

Jacob Stephan

Got it. And last one for me. On Gen 3, you guys have talked about a mid kind of Q3 production. I guess, I didn't see anything about it in the press release, but maybe where does that launch stand today?

Ran Kohen

With the turbo heater fan?

Jacob Stephan

Gen 3? The monitoring.

Ran Kohen

Gen 3. Yes. Okay. Gen 3 is -- we're happy to say that we already have some production samples in our hands that are testing very well. And at that stage, we'll need to wait for all the code approvals, the U.S., FCC, and other code approvals we need for that device and that is not up to us, the timetable, but we're happy on our end that the software and hardware are in very good condition, and now it's about the regulators to get the final approvals to start the mass production and to be able to supply it to the quarter. So -- in the next quarter, hopefully. But there's great demand growing for that product from several angles. And we are looking forward to finalizing all the code approvals that we can start delivering that product.

Operator

Our next question comes from Joe Gomes with NOBLE Capital Markets.

Joseph Gomes

I just kind of wanted to follow up on the units. You talked about deploying more than 100,000 during 2026. Just, you know, how confident are you that you'll hit or exceed that goal this year?

Ran Kohen

We are -- by the end of 2026, our expectations is that we'll have 100,000 units in the market. So far, it looks according to plan as we continue to grow our market penetration. And we believe -- strongly believe that we'll meet our goal by the end of '26.

Joseph Gomes

Okay. And then on the SKY fan, it sounds things are going well there. If you look, you know, first quarter, second quarter at Home Depot, how did sales go there? And how is it unfolding in some of the newer launches at the other retailers?

Ran Kohen

So we're actually encouraged, although it's summertime, the peak of summertime now, and our expectations were very low for that season. We're very encouraged for the signals we see there, and we're actually in process of enhancing our variety with bigger fans and smaller turbo heater fans based on demand.

We have demand for smaller rooms, and we're going to come with a smaller version that you'll see by the next quarter, and we have demands for bigger rooms. So we're coming for a bigger version that you will see also us launching in Q4. So we're very happy with that, with the indications we see during the worst season for any type of heater. So, we look forward to the winter with that product, and we strongly believe that, that product will create some growth and gross margins for us in the next coming quarters.

Joseph Gomes

Okay. And then one more for me. Maybe just give us a little bit more color on the Eurofase. How that is progressing? Is that going according to your plan? And is that kind of a one-off type of agreement, or do you think we're going to see more additional license agreements modeled on the Eurofase agreement?

Ran Kohen

So our licensing model was created to deliver one of our initiatives or one of our demands based on standardization with the National Electrical Code or with any other safety organizations. We would need to license that product all across the board to prevent from monopoly or situations like this.

So that's how we started with our licensing. We're pleasantly surprised or happy that companies are taking steps towards discussion on licensing with us, and Eurofase is one of them.

It's a leading company that has a large pro segment and are involved with hotels and builders. And as they saw progress in this segment, that's to remind everyone in the past year or so we announced, I believe, over 14 real estate projects or probably 16 already between hotels and real estate projects. And as we grow our progress there, we expect to see more opportunities for licensing.

But definitely that there's major companies that are looking into how we grow our channels in the pro and hotels, and that's really what enabled our relationship and licensing agreement with Eurofase that is a great company, very large in the U.S. and Canada as well as Europe.

Operator

Our next question comes from Jack Vander Aarde with Maxim Group.

Jack Vander Aarde

Okay. Great. Congrats on the continued growth ramp. Ronnie, with regard to the dozen or so large projects, not to repeat myself or repeat you guys, but there's a ton of these projects going on in North Carolina, San Antonio, you got some Europe, all the hotels, the Smart City in Miami, et cetera. Just wondering what type -- do you have any visibility yet or any color you can provide on what SKYX products are going to be involved?

Ran Kohen

What type of products?

Jack Vander Aarde

For example, the smart turbo heater fan and then maybe that, I know you haven't released it yet, but the Gen 3 all-in-one smart device. Are these products being discussed as being involved? I'm just curious to get your thoughts.

Ran Kohen

Yes, absolutely. They're definitely being discussed as being involved. And again, to remind everyone, we have the razor-and-blade model. Once you have the razor, what we call a receptacle, outlet receptacle, you can plug in a light fixture, a smart platform, a ceiling fan, or it's up to your choice. So as we're progressing with the hotel and builder segment, definitely discussions on the all-in-one smart platforms, and it's definitely going to be part of our portfolio in the next coming projects we're doing here, and there are discussions with many parties and excitement towards that product.

Jack Vander Aarde

Okay, great, excellent. And then maybe just one more. On the standardization front for the mandatory ceiling receptacle. Has there been any, I guess, incremental discussions since the last time we spoke last quarter? Or anything you can share. I know there's some stuff you have to keep kind of close to the belt for now, but wondering if there's been any incremental material changes on the standardization front.

Ran Kohen

Material, we can't say material, but we definitely see some progress. Again, we're attacking it from several angles, and we're doing progress, and I would say on with 4 segments there of safety organizations, and we feel that we're making progress and we're getting closer. But -- we don't know exact timetable here, but we definitely have a very strong case. As we said, this is a life-saving device, and there's codes and organizations that have an obligation to save lives, mitigate injuries, and property damages, and we fit all those criterions and beyond. And we met all the conditions, including the ANSI/NEMA specification as well as the NEC votes, NFPA demands, and we have to remind everyone in the code books, we already have a generic name, WSCR, weight-supported ceiling receptacle.

So that's a generic name that's part of our standardization progress. So we feel very good with this. Again, it's a slow machine. It's very slow to get something standardized mandate. That's the bad news, but the good news is we're 14 years now in this progress, and we feel that we're getting closer than ever. And again, we don't hold the clock, but we are getting closer. That's the feedback we're getting from our team.

Operator

[Operator Instructions] There are no further questions. At this time, I'd like to turn the call back over to management for any closing remarks.

Ran Kohen

I would like to thank you all for joining us on our second quarter 2026 earnings call, and we look forward to keep our progress, and we hope that we will be able to share more of our progress in the near future. We thank you very much for your time and have a great evening everyone. Thank you.

Operator

This concludes today's conference. You may disconnect your lines at this time. And we thank you for your participation.