SKYX Platforms (SKYX) investor relations material

Executive summary

• Achieved record Q2 2026 revenue of $25.3M, up 14% sequentially and 10% year-over-year, marking 10 consecutive quarters of YoY growth, with six-month revenue up 10% to $47.4M.

• Gross profit for Q2 2026 increased 4% YoY to $7.3M; six-month gross profit up 9% to $13.9M.

• Net loss narrowed to $8.2M in Q2 2026 from $8.8M in Q2 2025 and $9.3M in Q1 2026; net loss per share improved to $0.06 from $0.08 YoY.

• Cash and equivalents increased to $27.7M as of June 30, 2026, from $10.1M at year-end 2025, supported by $29M equity raised in January 2026.

• Builder and hotel segments continue to expand, with major project wins and product line expansions driving adoption.

Financial highlights

• Q2 2026 revenue: $25.3M (Q1 2026: $22.1M; Q2 2025: $23.1M); six-month revenue ended June 30, 2026: $47.4M, up 10% YoY.

• Gross margin Q2 2026: 28.9%, down from 31.7% in Q2 2025 and 30% in Q1 2026.

• Net cash used in operating activities reduced by 39% sequentially to $3.7M in Q2 2026.

• Adjusted EBITDA loss improved to $3.5M in Q2 2026 from $3.9M in Q1 2026 and $2.6M in Q2 2025.

• Cash, cash equivalents, and restricted cash totaled $27.7M as of June 30, 2026.

Outlook and guidance

• Management anticipates continued revenue growth and expects to become cash flow positive by the end of 2026.

• Plans to deploy over 100,000 units by year-end 2026, with strong market penetration trends and global expansion.

• Expecting higher gross margin contributions as product mix shifts toward higher-margin items and new smart products.

• Gen-3 All-in-One Smart Home Platform production samples are ready; awaiting regulatory approvals for mass production, with strong demand anticipated.

• Selling and marketing expenses are expected to rise slightly but at a lower rate than revenue growth.