SKYX Reports Record Q2 Revenue as Growth Continues Across Smart Home and Building Platforms

Modern smart home equipped with rooftop solar panels and connected-home icons representing energy management, lighting, security, climate control, and automation.

SKYX Platforms Corp. (NASDAQ: SKYX) reported record second-quarter 2026 revenue of $25.3 million, up 14% sequentially from $22.1 million in the first quarter and 10% from $23.1 million in the prior-year quarter. The result marks the company’s tenth consecutive quarter of year-over-year growth.

Record first-half revenue

For the first six months of 2026, revenue reached a record $47.4 million, compared with $43.2 million during the first half of 2025—an increase of approximately 10%. The reported growth was driven primarily by higher unit sales of lighting and heating products, along with early contributions from the company’s advanced and smart product offerings.

Margin and operating progress

Second-quarter gross profit was $7.3 million, an increase of 4% from the same quarter a year earlier. While revenue expanded faster than gross profit during the quarter, the company continues to invest in product launches, retail expansion, smart-home technology development, and commercial deployments.

SKYX also reported a quarterly net loss and ongoing cash use from operations, which remain important considerations alongside its topline growth. Its six-month net loss was $17.5 million, while adjusted EBITDA for the same period was negative $7.4 million.

Liquidity and path to cash flow

The company reported $27.7 million in cash and cash equivalents and said quarterly operating cash use declined 39% to $3.7 million. Management has stated that it believes its available liquidity is sufficient to support its plan to reach cash-flow positivity exiting 2026, although this remains a forward-looking objective rather than a reported result.

Expanding market penetration

SKYX continues to position its plug-and-play electrical and smart-building technologies for both consumer retail and professional markets, including residential, hospitality, and commercial applications. The company has previously cited plans to place more than 100,000 units in the market by the end of 2026, supported by retail relationships and project-based deployments.

The second-quarter results show continued revenue momentum and a tenth straight quarter of year-over-year growth. The next indicators to watch will be gross-margin progression, operating-cash use, adoption of its advanced electrical platform, and whether increased market penetration translates into the company’s stated cash-flow objective.

 

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