SKYX Platforms (SKYX) 2026財年第二季度業績電話會議：營收達2530萬美元

核心要點

• 2026年第二季度營收達到創紀錄的2530萬美元，較2026年第一季度增長14%，較2025年第二季度的2300萬美元增長10%。SKYX已連續第10個季度實現同比增長。
• 第二季度毛利潤同比增長4%至730萬美元。經營性現金支出環比下降39%，從600萬美元降至370萬美元。
• 截至2026年6月30日，現金、現金等價物及受限資金總額為2770萬美元，高於2025年12月31日的1010萬美元。管理層認為，流動資金充足，足以支持其在2026年底實現現金流轉正的目標。
• SKYX預計在其已公佈的項目實施過程中部署超過100萬台設備，並繼續以2026年底前交付或投放市場超過10萬台為目標。
• 酒店和建築商項目正向供貨階段推進，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

業務與運營表現

SKYX表示，建築商和酒店的採用率繼續擴大。已公佈的部署項目包括北卡羅來納州達勒姆的萬豪市中心酒店（Marriott City Center Hotel）翻新工程、法國的帕克大酒店（Grand Hotel du Parc）以及布拉格莫扎特酒店（Hotel Mozart Prague）。公司還與Group OTT簽署了協議，其中包括向覆蓋超過13.2萬家酒店的歐洲酒店市場推廣其技術的合作安排。

管理層表示，部分建築和酒店項目的供貨將於2026年第三季度開始，預計將在2026年第四季度及整個2027年進行追加交付。更廣泛的項目儲備涵蓋北卡羅來納州、奧斯汀、聖安東尼奧、南佛羅里達州、紐約、歐洲、沙特阿拉伯和埃及等地。

SKYX還與全球照明公司Eurofase簽署了技術許可協議。管理層表示，酒店和房地產項目日益活躍的業務活動可能會帶來更多許可機會，但未提供具體的時間表或相關協議。

據管理層稱，儘管正值夏季，但專利渦輪暖風扇的銷售跡象依然令人鼓舞。SKYX計劃推出更小和更大尺寸的版本，均預計於2026年第四季度問世。公司預計，季節性需求以及高毛利產品貢獻的增加將在未來幾個季度對產品組合形成支撐。

公司還處於在其電商平臺上推出AI驅動軟件的最后階段。管理層認為，在安裝其天花板插座后，AI服務、監控、訂閲、產品互換性及升級服務將帶來潛在的經常性收入。

管理層業績指引

管理層重申了在2026年底實現現金流轉正的目標。公司認為當前的流動資金足以支撐實現該目標。

SKYX繼續預計到2026年底交付或投放市場的設備將超過10萬台。管理層表示進度仍按計劃推進，而超過100萬台的更大目標指的是在其項目推進過程中逐步部署，並非僅在2026年內完成。

管理層預計營收結構將向渦輪暖風扇以及向建築商和酒店客户供應的產品傾斜。管理層認為，高毛利率產品的更高貢獻可以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，據管理層介紹，硬件和軟件表現良好。商業化交付可能在下一個季度開始，但具體時間取決於監管部門的批准，尚不受公司控制。

風險與關注要點

• 房地產和家居裝飾市場持續下滑，儘管在這種背景下，SKYX依然實現了營收增長。
• 第三代（Gen 3）量產取決於美國、FCC及其他規範標準的批准，這給發佈時間帶來了不確定性。
• 該公司天花板插座的強制性規範標準化仍是一個漫長的過程。管理層表示進展正在持續，但未提供確切的時間表。
• 毛利率部分取決於產品組合。一位分析師指出，第二季度毛利率約為29%，低於第一季度的30%左右。
• 100萬台的項目儲備預計將在多個周期內完成，交付將延伸至2027年。

分析師問答環節亮點

在毛利率方面，管理層表示，渦輪暖風扇以及建築商和酒店產品的更高貢獻，應當會在未來幾個季度提升高毛利收入的比重。

關於B2B部署，管理層表示，項目初期供貨將於第三季度開始，隨后在2026年第四季度、2027年第一季度及2027年晚些時候進行進一步交付。管理層對實現2026年底超過10萬台的目標保持信心。

關於第三代（Gen 3）產品，SKYX表示量產樣品測試表現良好。在開始量產和客户交付之前，唯一的限制因素仍是監管批准。

管理層還確認，正在就將其一體化智能平臺和其他產品用於酒店和建築商項目進行洽談。一旦安裝了天花板插座，客户即可連接兼容的燈具、智能平臺或吊扇。

在強制標準化方面，管理層提及在多個安全組織取得了進展，並指出通用術語WSCR（承重天花板插座）已出現在規範手冊中。然而，公司強調該過程較為緩慢，且公司無法控制時間表。

業績電話會議完整文字記錄

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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.