SKYX Platforms Corp. (NASDAQ: SKYX), a smart home technology company, announced a combined pipeline with Deako estimated at more than 4 million units, with an expected average selling price of approximately $50 per product. The disclosure, part of a corporate update, underscores the scale of the company’s addressable market and the potential revenue impact of its recent merger with Deako, a provider of smart lighting control solutions. According to the update, Deako plans to supply more than 80,000 units to 1,000 Maronda Homes residences, while SKYX has signed agreements to supply technology for two 65-story Trump Towers in Hyderabad, India, and a Marriott hotel renovation in Durham, North Carolina. These agreements span residential and hospitality sectors, signaling growing adoption of SKYX’s advanced platform technologies.
The merger with Deako is expected to reduce annual cash expenses by more than $6 million and potentially increase Deako revenue per home by up to fivefold, according to the company. SKYX reported $27.7 million in cash, cash equivalents and restricted cash at the end of the second quarter of 2026, along with 10 consecutive quarters of year-over-year growth. The company is targeting positive cash flow as it exits 2026 and anticipates increased seasonal sales of its patented Turbo Heater Fan. SKYX also highlighted licensing agreements, planned artificial intelligence-driven e-commerce enhancements and continued efforts to establish mandatory safety standards for its electrical ceiling outlet technology.
For investors, the update provides a clearer picture of how the Deako merger could drive both top-line growth and operational efficiency. The projected $6 million in annual cash expense reductions could meaningfully lower the company’s cost base, while the potential fivefold increase in Deako revenue per home suggests significant cross-selling opportunities. SKYX’s cash position of $27.7 million offers a cushion as it works toward positive cash flow. The 10 consecutive quarters of year-over-year growth further demonstrate consistent demand for its offerings. To view the full press release, visit https://ibn.fm/LJP97.
The company’s focus on safety standards for its electrical ceiling outlet technology could also be a catalyst. If mandatory standards are adopted, SKYX’s patented technology could become a required component in homes and buildings, creating a recurring revenue stream. The planned AI-driven e-commerce enhancements across its 60 lighting and home decor websites may further boost retail and commercial sales. For ongoing updates, the latest news and updates relating to SKYX are available in the company’s newsroom at https://ibn.fm/SKYX.
This corporate update was distributed by InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN. InvestorWire provides wire-grade press release syndication, including editorial syndication to 5,000+ outlets and social media distribution, helping companies like SKYX reach a broad audience of investors and industry stakeholders.
