SKYX Platforms Corp. reported record second-quarter 2026 revenue of $25.3 million, up 14% from $22.1 million in the first quarter and 10% from $23 million a year earlier, marking ten consecutive quarters of year-over-year growth. Management reiterated its goal to deliver over 100,000 units by the end of 2026 through pro and retail segments and to become cash flow positive exiting 2026. The company also announced a license agreement with global lighting company Eurofase and a supply deal for a Marriott City Center Hotel renovation in Durham, North Carolina. Net cash used in operating activities fell about 39% to $3.7 million from $6 million in the prior quarter, and interest-bearing debt was reduced by $2 million as of June 30, 2026. Executives said Gen 3 product timing depends on U.S. and FCC code approvals, and they expect sales to significantly grow toward fall and winter seasons for the patented turbo heater fan.
SKYX Platforms CorpRecord Q2 revenue, improved cash flow, debt reduction, and reiterated growth targets.
License agreement with SKYX expands Eurofase's product offerings.
