SKYX Platforms Corp. (NASDAQ: SKYX), a smart home technology company, announced a combined pipeline with Deako estimated at more than 4 million units, with an expected average selling price of approximately $50 per product. The disclosure comes as part of a corporate update that also highlighted recent supply agreements and financial targets, underscoring the company's push to scale its smart home technology across residential and commercial markets.
The pipeline figure includes Deako's recently announced plans to supply more than 80,000 units to 1,000 Maronda Homes residences. In addition, SKYX has signed agreements to provide technology for two 65-story Trump Towers in Hyderabad, India, and a Marriott hotel renovation in Durham, North Carolina. These projects reflect the company's expanding reach in both domestic and international markets, and they signal growing adoption of its advanced electrical and smart home platforms.
SKYX expects its merger with Deako to reduce annual cash expenses by more than $6 million and potentially increase Deako revenue per home by up to fivefold. The company 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. SKYX is targeting positive cash flow as it exits 2026 and anticipates increased seasonal sales of its patented Turbo Heater Fan.
Beyond the merger, SKYX highlighted licensing agreements, planned artificial intelligence-driven e-commerce enhancements and continued efforts to establish mandatory safety standards for its electrical ceiling outlet technology. The company owns over 100 U.S. and global patents and patent pending applications, and it operates 60 lighting and home decor websites for both retail and commercial segments. These initiatives position SKYX to capitalize on the growing demand for safe, smart and AI-enabled building technologies.
For investors, the update provides a clearer picture of SKYX's growth trajectory and financial strategy. The combined pipeline of more than 4 million units, coupled with the expected cost savings from the Deako merger, suggests potential for significant revenue expansion and margin improvement. The company's focus on positive cash flow by the end of 2026 and its consecutive quarters of year-over-year growth further reinforce its operating momentum. As SKYX continues to pursue safety standard certifications and AI-driven e-commerce, its ability to execute on these fronts could be a key differentiator in the competitive smart home market.
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 by InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN. InvestorWire provides editorial syndication to 5,000+ outlets and offers press release enhancement services to maximize impact. For full terms of use and disclaimers, visit https://www.InvestorWire.com/Disclaimer.
