SKYX Platforms (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, which accompanied a broader corporate update, underscores the scale of the company’s commercial reach following its merger with Deako and highlights the potential for significant revenue growth as these units move through the sales cycle.
The pipeline includes Deako’s recently announced plan to supply more than 80,000 units to 1,000 Maronda Homes residences. SKYX separately signed agreements to supply technology for two 65-story Trump Towers in Hyderabad, India, and a Marriott hotel renovation in Durham, North Carolina. These projects span residential and hospitality segments across international markets, suggesting broader adoption of SKYX’s smart home and electrical platform technologies. For investors, the diversity of these deals—from large-scale homebuilding to high-rise commercial developments—demonstrates the company’s ability to penetrate multiple verticals and geographies.
Beyond the pipeline, 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. That combination of cost savings and revenue enhancement is central to the company’s path toward profitability. SKYX reported $27.7 million in cash, cash equivalents and restricted cash at the end of the second quarter of 2026, alongside 10 consecutive quarters of year-over-year growth. The company is targeting positive cash flow as it exits 2026 and anticipates increased seasonal sales of its patented Turbo Heater Fan. Such financial targets matter because they signal a transition from a growth-stage cash consumer to a potentially self-sustaining operation, a key milestone for any technology hardware company.
SKYX also 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 safety standard initiative, if successful, could create a regulatory moat around SKYX’s core technology, making its products a required component in new construction and renovations. That would not only expand the addressable market but also reinforce the company’s competitive positioning. For a deeper look at the announcement, the full press release is available at https://ibn.fm/LJP97.
The update was distributed through InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN. InvestorWire provides access to services including editorial syndication to 5,000+ outlets and social media distribution, which help companies like SKYX reach a wide audience of investors and industry observers. The latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX.
