SKYX Platforms Corp. Q4 FY2025 earnings call

• Collaborated with NVIDIA AI Ecosystems Connect Program for future smart home projects. - Launched Advanced Sky Fan and Turbo Heater on e-commerce platform and with U.S. leading retailers. - Expanding the all-season ceiling fan heat and cool category with new products. - Progress on hotel and building projects, aiming to supply over 1 million units of smart home technologies. - Enhanced safety code standardization team working towards safety mandatory standardization. - Plan to deploy over 100,000 products into homes and units by end of 2026. - Launch of new AI-driven software in 2026 to increase conversion rate and sales.

In Q4, revenue was $25 million. 2025 annual revenue was $92 million, up from $86 million in 2024. Gross profit in 2025 was $28 million, compared to $25 million in 2024, a 13% increase. Operating cash used in 2025 was $13 million, compared to $18 million in 2024, a 27% reduction in cash used in operating activities. Revenue contribution: Lighting and home decor markets are in decline but SkyX continues to grow through its technology and products, with smart plug-related products growing month to month while legacy business still makes up over 90% of revenue.

• Expect to continue growth in 2026 to advance path to cash flow positive. - Plan to deploy over 1 million units of smart home plug-and-play technologies during projects. - Aim to deploy over 100,000 products into homes and units by end of 2026. - Launch new AI-driven software in 2026 to increase conversion rate and sales up to 30%.

• Industry slowdown in lighting, home decor, and new home building markets. - Uncertainty in product推广 and market penetration of new products. - Potential impact of interest rates on hotel and construction projects.

Q: About significant prominent leader in safety code standardization timeline.

A: Leading code division with former heads of relevant organizations, progressing with 10 votes and engaging senior member.

Q: On path to cash flow positive.

A: Launching new products, AI software, and joint ventures contributing to higher gross margins.

Q: On hotel channel and interest rate sensitivity.

A: Time-saving aspect in hotel segment provides labor cost-saving, not specifically mentioned related to interest rates.

Q: On revenue breakdown of smart plug-related products and traditional lighting fixtures.

A: Over 90% legacy business, smart plug-related products growing.

Q: On hotel projects and units.

A: Around 12 projects announced, anticipate over 1 million products overall.

Q: On timeline to complete smart plug product range.

A: Close to 80%, working with insurance companies and expecting to be more open soon.

Q: On smart heater fan and Q1 performance.

A: Great reception, expanding the category, March seeing good numbers.

Q: On big box retailers and product availability in store.

A: Discussions on colors for stores, expecting to land products in stores soon.