Teleconferência de Resultados do 2º Trimestre de 2026 da SKYX Platforms (SKYX): Receita Atinge US$ 25,3 Milhões

Principais Destaques

• A receita do 2º trimestre de 2026 atingiu o recorde de US$ 25,3 milhões, subindo 14% em relação ao 1º trimestre de 2026 e 10% em comparação aos US$ 23,0 milhões do 2º trimestre de 2025. A SKYX registrou seu 10º trimestre consecutivo de crescimento na comparação anual.
• O lucro bruto do 2º trimestre aumentou 4% na comparação anual, para US$ 7,3 milhões. O consumo de caixa operacional caiu 39% na comparação trimestral, de US$ 6,0 milhões para US$ 3,7 milhões.
• O saldo de caixa, equivalentes de caixa e caixa restrito somou US$ 27,7 milhões em 30 de junho de 2026, acima dos US$ 10,1 milhões em 31 de dezembro de 2025. A administração acredita que a liquidez é suficiente para apoiar sua meta de alcançar fluxo de caixa positivo até o final de 2026.
• A SKYX espera implantar mais de 1 milhão de unidades ao longo de seus projetos anunciados e mantém a meta de entregar ou disponibilizar no mercado mais de 100.000 unidades até o final de 2026.
• Os projetos nos setores de hotelaria e construção estão avançando para a fase de fornecimento, enquanto o produto de monitoramento Gen 3 continua dependendo de aprovações regulatórias nos EUA, incluindo da FCC e de outros órgãos, antes da produção em massa.

Dados Financeiros Principais

Desempenho Operacional e de Negócios

A SKYX afirmou que a adoção por construtoras e hotéis continuou a se expandir. As implantações anunciadas incluem a reforma do Marriott City Center Hotel em Durham, Carolina do Norte, o Grand Hotel du Parc na França e o Hotel Mozart Prague. A empresa também assinou acordos com o Group OTT, incluindo uma parceria para comercializar sua tecnologia para o mercado hoteleiro europeu, abrangendo mais de 132.000 hotéis.

A administração informou que o fornecimento para alguns projetos da construção civil e hoteleiros está começando no 3º trimestre de 2026, com entregas adicionais previstas para o 4º trimestre de 2026 e ao longo de 2027. O pipeline mais amplo de projetos inclui locais na Carolina do Norte, Austin, San Antonio, Sul da Flórida, Nova York, Europa, Arábia Saudita e Egito.

A SKYX também assinou um acordo de licenciamento de tecnologia com a empresa global de iluminação Eurofase. A administração afirmou que a crescente atividade em hotéis e projetos imobiliários pode criar novas oportunidades de licenciamento, mas não forneceu um cronograma ou acordos específicos.

Segundo a administração, os sinais de vendas do ventilador aquecedor turbo patenteado continuaram encorajadores, apesar da temporada de verão. A SKYX planeja lançar versões menor e maior, ambas previstas para o 4º trimestre de 2026. A empresa espera que a demanda sazonal e uma contribuição maior de produtos com margens mais altas sustentem seu mix de produtos nos próximos trimestres.

A empresa também está nas fases finais de lançamento de um software movido a IA em sua plataforma de e-commerce. A administração vê potencial de receita recorrente vinda de serviços de IA, monitoramento, assinaturas, intercambiabilidade de produtos e atualizações após a instalação de seus receptáculos de teto.

Orientação da Administração

A administração reiterou sua meta de alcançar fluxo de caixa positivo até o final de 2026. A empresa acredita que sua liquidez atual é suficiente para atingir esse objetivo.

A SKYX continua prevendo a entrega ou disponibilização de mais de 100.000 unidades no mercado até o final de 2026. A administração declarou que o progresso segue dentro do planejado, enquanto a meta maior de mais de 1 milhão de unidades se refere à implantação ao longo de seus projetos, e não exclusivamente em 2026.

A administração espera que o mix de receita se desloque para o ventilador aquecedor turbo e produtos fornecidos a clientes dos setores de construção e hotelaria. A empresa acredita que uma maior contribuição de produtos com margens mais elevadas pode melhorar a composição da margem bruta nos próximos trimestres.

Amostras de produção da Gen 3 estão passando por testes e, segundo a administração, o hardware e o software vêm apresentando bom desempenho. As entregas comerciais podem começar no próximo trimestre, mas o momento exato depende de aprovações regulatórias e continua fora do controle da empresa.

Riscos e Pontos de Atenção

• Os mercados imobiliário e de decoração para o lar continuaram em queda, embora a SKYX tenha registrado crescimento de receita apesar desse cenário.
• A produção em massa da Gen 3 depende de aprovações nos EUA, da FCC e de normas técnicas, o que gera incertezas sobre o cronograma de lançamento.
• A padronização obrigatória pelas normas técnicas para o receptáculo de teto da empresa continua sendo um processo longo. A administração afirmou que os avanços continuam, mas não forneceu um cronograma definitivo.
• A margem bruta depende em parte do mix de produtos. Um analista observou que a margem bruta do 2º trimestre foi de aproximadamente 29%, caindo em relação aos cerca de 30% no 1º trimestre.
• A expectativa é que a demanda projetada de 1 milhão de unidades seja atendida ao longo de múltiplos períodos, com entregas se estendendo até 2027.

Destaques das Perguntas e Respostas dos Analistas

Sobre a margem bruta, a administração disse que uma contribuição maior do ventilador aquecedor turbo e de produtos para os setores de construção e hotelaria deve aumentar a parcela de receita de maior margem nos próximos trimestres.

Em relação às implantações B2B, a administração afirmou que o fornecimento inicial do projeto está começando no 3º trimestre, seguido por novas entregas no 4º trimestre de 2026, 1º trimestre de 2027 e mais adiante em 2027. A empresa manteve a confiança em atingir a meta de mais de 100.000 unidades até o final de 2026.

Sobre a Gen 3, a SKYX informou que as amostras de produção estão apresentando bons resultados nos testes. O obstáculo remanescente é a liberação regulatória antes que a produção em massa e as entregas aos clientes possam começar.

A administração também confirmou que suas plataformas inteligentes tudo-em-um e outros produtos estão sendo discutidos para projetos de hotéis e construtoras. Uma vez instalado o receptáculo de tomada no teto, os clientes podem conectar luminárias compatíveis, plataformas inteligentes ou ventiladores de teto.

Sobre a padronização obrigatória, a administração citou progressos em várias organizações de segurança e observou que o termo genérico WSCR, ou receptáculo de teto com suporte de peso, já consta nos manuais de normas técnicas. No entanto, a empresa enfatizou que o processo é lento e que não controla o cronograma.

Transcrição Completa da Teleconferência de Resultados

Transcrição completa da teleconferência de resultados

Comentários da administração

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.

Perguntas e respostas

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.