SKYX Platforms Corp. (NASDAQ: SKYX), a smart home technology company, provided a corporate update on February 19, 2026, detailing new product launches, a collaboration with NVIDIA, and significant investments from fundamental institutions. The company reported raising over $33 million in cash since September 30, 2025, including a $25 million investment at $2.50 per share in straight common stock with no warrants. Management believes the strengthened balance sheet positions SKYX to execute growth initiatives and progress toward sustained cash-flow generation and profitability.
SKYX announced the launch of its patented SKYFAN and Turbo Heater at The Home Depot, including a new SkyPlug branding page on homedepot.com. Additionally, the Turbo Heater Fan has been launched at Target, Walmart, Lowe's, and across the company's e-commerce platform of 60 websites. The company expects continued growth from these products in 2026, advancing its path to cash-flow positive. SKYX also reported revenue increases for seven consecutive comparable quarters from Q1 2024 through Q3 2025 and anticipates further quarterly growth.
In a strategic move, SKYX announced a collaboration with the NVIDIA AI Ecosystem Connect Program, expecting to grow the partnership into existing and future smart home projects. The company plans to launch a new AI-driven software for its e-commerce platform, expected to increase conversion rates and sales by up to 30%. SKYX has also demonstrated its technology during a Marriott Hotel renovation, led by the Shaner Group, which invested $16.5 million in the company. The Shaner Group is an owner and developer of more than 70 hotels worldwide.
SKYX anticipates securing additional significant business opportunities in 2026, including supplying advanced smart home technologies to key projects such as a smart home community in North Carolina, developments in Austin and San Antonio, a $4 billion smart city in Miami, and projects in Saudi Arabia and Egypt. The company expects to deploy over 1 million units of its plug-and-play technologies across these projects and more than 100,000 products into homes and units by the end of 2026 through retail and professional segments.
The company's safety code standardization team, led by industry veterans Mark Earley and Eric Jacobson, continues progress toward mandatory safety standardization of its ceiling outlet technology. SKYX believes its products can save insurance companies billions annually by reducing fires, ladder falls, and electrocutions. The company has secured manufacturing partnerships in the U.S., Vietnam, Taiwan, China, and Cambodia.
SKYX's technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services, monitoring, and subscriptions. The company's total addressable market in the U.S. is approximately $500 billion, with over 4.2 billion ceiling applications. Expected revenue streams include product sales, royalties, licensing, subscription, and sale of global country rights.
