SKYX Platforms (SKYX) 2026 年第二季財報電話會議：營收達 2,530 萬美元

重點摘要

• 2026 年第 2 季營收達到創紀錄的 2,530 萬美元，較 2026 年第 1 季成長 14%，較 2025 年第 2 季的 2,300 萬美元成長 10%。SKYX 報告已連續第 10 個季度實現年成長。
• 第 2 季毛利年增 4% 至 730 萬美元。營運現金流出較上季減少 39%，自 600 萬美元降至 370 萬美元。
• 截至 2026 年 6 月 30 日，現金、現金等價物及受限制現金總計 2,770 萬美元，高於 2025 年 12 月 31 日的 1,010 萬美元。管理層相信流動資金充足，足以支援在 2026 年底實現現金流轉正的目標。
• SKYX 預計在其已公布的項目執行期間部署超過 100 萬台產品，並繼續以 2026 年底前交付或進入市場超過 10 萬台為目標。
• 飯店及建商項目正邁向供貨階段，而第三代 (Gen 3) 監控產品在量產前仍需獲得美國、FCC 及其他監管機構的批准。

核心財務數據

業務與營運表現

SKYX 表示建商與飯店的採用率持續擴大。已公布的部署包括北卡羅來納州德罕 (Durham) 的萬豪市中心飯店 (Marriott City Center Hotel) 翻新工程、法國的 Grand Hotel du Parc 以及布拉格的 Hotel Mozart。該公司還與 Group OTT 簽署協議，包括將其技術行銷至涵蓋超過 13.2 萬家飯店的歐洲飯店市場之合作安排。

管理層表示，對部分建築與飯店項目的供貨將於 2026 年第 3 季開始，預計在 2026 年第 4 季及整個 2027 年將會有額外交付。更廣泛的項目管道包含北卡羅來納州、奧斯汀、聖安東尼奧、南佛羅里達州、紐約、歐洲、沙烏地阿拉伯及埃及等地的地點。

SKYX 還與全球照明公司 Eurofase 簽署了技術授權協議。管理層表示，飯店與房地產項目日益增加的活動可能會創造進一步的授權機會，但未提供具體的時間表或協議。

管理層指出，儘管適逢夏季，專利渦輪加熱風扇的銷售訊號依然令人鼓舞。SKYX 計劃推出尺寸較小與較大的版本，兩者均預計於 2026 年第 4 季推出。公司預期季節性需求以及毛利率較高產品的更大貢獻，將在未來幾個季度支撐其產品組合。

該公司亦處於在其電商平台上推出 AI 驅動軟體的最後階段。管理層看好在安裝其天花板插座後，來自 AI 服務、監控、訂閱、產品互換性與升級的潛在經常性營收。

管理層指引

管理層重申了在 2026 年底實現現金流轉正的目標。公司認為其目前的流動資金足以追求該目標。

SKYX 繼續預計到 2026 年底將交付或有超過 10 萬台進入市場。管理層表示進度仍按計畫進行，而超過 100 萬台的更大目標是指在其項目進行過程中的部署，而非僅限於 2026 年期間。

管理層預計營收組合將向渦輪加熱風扇以及向建商和飯店客戶供應的產品傾斜。管理層相信毛利率較高產品的更大貢獻能在未來幾個季度改善毛利率結構。

第三代 (Gen 3) 量產樣品正在接受測試，據管理層稱，軟硬體表現良好。商業交付可能在下一季度開始，但時間取決於監管部門的批准，仍不在公司的控制範圍之內。

風險與關注焦點

• 儘管房地產和家居裝飾市場持續下滑，SKYX 在此背景下仍實現了營收成長。
• 第三代 (Gen 3) 的量產取決於美國、FCC 及其他法規標準的批准，這給推出時間帶來了不確定性。
• 該公司天花板插座的強制性法規標準化仍是一個漫長的過程。管理層表示進展正在持續，但未提供明確的時間表。
• 毛利率部分取決於產品組合。分析師指出第 2 季毛利率約為 29%，低於第 1 季的約 30%。
• 100 萬台的項目管道預計將分多個階段完成，交付時間將延伸至 2027 年。

分析師問答亮點

在毛利率方面，管理層表示來自渦輪加熱風扇以及建商和飯店產品的更高貢獻，應可在未來幾個季度提高高毛利營收的比重。

關於 B2B 部署，管理層表示最初的項目供貨將於第 3 季開始，隨後在 2026 年第 4 季、2027 年第 1 季以及 2027 年稍後進行進一步交付。公司對實現 2026 年底超過 10 萬台的目標保持信心。

關於第三代 (Gen 3)，SKYX 表示量產樣品測試良好。量產和開始交付客戶前唯一的限制在於監管機構的審查批准。

管理層亦確認正就飯店與建商項目討論其多合一智慧平台及其他產品。一旦安裝了天花板插座，客戶即可連接相容的照明燈具、智慧平台或吊扇。

關於強制性標準化，管理層引述了數個安全組織的進展，並指出通用術語 WSCR（承重天花板插座，weight-supported ceiling receptacle）已出現在法規規範手冊中。然而，公司強調該過程非常緩慢，且時間表非其所能控制。

法說會完整逐字稿

完整財報電話會議逐字稿

管理層陳述

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.

分析師問答

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.