SKYX Platforms Corp. Q2 FY2025 earnings call

Patents: - Granted 8 newly issued U.S. and global patents, with over 100 patents and pending applications (45 issued patents). Patents are based on safety, massive addressable market, and global applications. ### Business Collaboration with Home Depot: - Continuing collaboration, expanding product assortment in Home Depot to include various advanced plug-and-play smart products like ceiling fans, heating fans, light fixtures, etc., expecting products in over 40,000 unit size homes in U.S. and Canada by end of Q3 2023. ### Code Standardization: - Safety Code Standardization Team making progress, working with government safety organizations on mandatory standardization of sealing outlets and receptacle technology. ### Smart City: - Announced major collaboration with a Miami $3 billion mixed-use urban smart home city project, covering areas like train stations, parks, restaurants, malls, hotels, with Home Depot and Publix expected to be there. Working on additional large projects. ### Product Launch: - Launched advanced and smart plug-and-play heater, in production and expected to land soon, providing cool air in summer and heat in winter.

In the second quarter of 2025, SKYX Platforms Corp reported revenue of $23.1 million, which was a 15% increase compared to the first quarter of 2025. The cash position was up $3.4 million. Gross profit was up 23%. The net cash used in operating activities for the second quarter ending June 30, 2025, decreased sequentially by 54% to $2 million compared to $4.3 million in the first quarter of 2025. Revenue contribution details weren't broken down by specific product segments in terms of percentage, but overall financial performance showed growth in revenue, cash, and gross profit with improved operating cash usage.

• Expect to achieve cash flow positive in 2025. - Second quarter operating activities net cash used decreased 54% compared to first quarter. - Adjusted EBITDA loss for second quarter decreased. - Anticipate significant increase in revenues and gross margins in the coming months, especially during winter due to new product launches.

Q: Can you give a bridge from current position to cash flow breakeven by end of year?

A: We reduced some cash expenses and expect to launch products like the all-in-one smart heater soon. Winter can bring significant increase in revenues and gross margins due to these launches.

Q: Could you give more detail on code standardization progress?

A: Many conditions met like NEC, NEMA votes, etc. Believing it's a matter of when due to meeting contingencies and working with government organizations to expedite.

Q: Any details on e-commerce platform hire from Amazon?

A: Hired Huey Long with experience from Amazon, Circuit City, Walmart, Ashley Furniture, to lead e-commerce offense. Todd Johnson supports, and team is strong with potential announcements ahead.

Q: Does smart city development serve as proof point for other developers?

A: Yes, getting great interest, working on other major aspects related to it, and exploring many opportunities based on the smart city announcement.

Q: Any info on manufacturing partnership for ceiling heaters and fans and related opportunities?

A: Working with Parrot Uncle on global markets, and with big boxes and builders, hoping to announce projects soon.