SKYX Platforms (SKYX) investor relations material

Financial performance and outlook

• Achieved nine consecutive quarters of year-over-year growth, with a 10% increase in Q1 2026 over the prior year.

• Ended Q1 2026 with $32 million in cash and cash equivalents, sufficient to reach cash positivity by end of 2026.

• Gross profit rose 16% to $7 million in Q1 2026, with gross margin improving to 30%.

• Sales grew from $58.8 million in 2023 to $92 million in 2025, with higher-margin products beginning to penetrate the market.

• Targeted product margins are 40%-60% for in-house manufactured items.

Strategic partnerships and market expansion

• Formed a strategic partnership with Group OTT to deploy smart and AI platforms in European hotels, starting with a historic hotel in France.

• Group OTT appointed as agent for European hotel market, which includes 132,000 hotels.

• Announced projects in Miami Smart City, Texas, New York, North Carolina, Middle East, and Europe.

• Collaboration with NVIDIA Connect program to integrate AI technology into platform.

• Collaboration with Cavco for factory installation in prefabricated and modular homes.

Product innovation and technology

• Introduced all-in-one patented fan and Turbo Heater, exemplifying plug-and-play technology.

• Generation 3 all-in-one platform expected to launch in Q3 2026, compatible with existing app and smart home assistants.

• Retrofit kits available for existing fixtures; licensing agreements signed with other lighting manufacturers.

• Platform serves as a hub for AI, data aggregation, and post-sales revenue streams from upgrades and monitoring.

• Installation process significantly reduces time and cost for builders and developers.