SKYX Platforms Corp. (NASDAQ: SKYX), a smart home platform technology company, provided a corporate update on February 19, 2026, highlighting 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 from a fundamental institution at $2.50 per share in straight common stock with no warrants. This strengthens SKYX's balance sheet to execute growth initiatives and progress toward profitability.
SKYX announced a collaboration with the NVIDIA AI Ecosystem Connect Program, expecting to expand this collaboration into existing and future smart home projects. Additionally, the company launched its patented advanced SKYFAN and Turbo Heater at Home Depot, including a new SkyPlug branding page on homedepot.com. The Turbo Heater Fan has also been launched at Target, Walmart, Lowe’s, and on SKYX’s e-commerce platform spanning 60 websites.
SKYX’s revenues have increased for seven consecutive comparable quarters from Q1 2024 through Q3 2025, with expectations for continued growth. The company anticipates securing significant business opportunities in 2026, including supplying technologies for projects in North Carolina, Austin, San Antonio, Miami's new $4 billion smart city, Saudi Arabia, and Egypt. SKYX expects to deploy over 1 million units of its smart home plug-and-play technologies across these projects.
In the retail and professional segments, SKYX aims to deploy over 100,000 products into homes and units by the end of 2026. The company’s safety code standardization team, led by industry veterans Mark Earley and Eric Jacobson, is progressing toward mandatory safety standardization for its ceiling outlet/receptacle technology. The team believes the technology has met necessary safety conditions for becoming a ceiling safety requirement in homes and buildings, with support from government safety agencies and potential recommendations from insurance companies.
SKYX’s technologies offer recurring revenue opportunities through interchangeability, upgrades, AI services, monitoring, and subscriptions. The company has secured strategic manufacturing partnerships in the U.S., Vietnam, Taiwan, China, and Cambodia. With a total addressable market of roughly $500 billion in the U.S. and over 4.2 billion ceiling applications, SKYX is positioned to capture market share through product sales, royalties, licensing, and subscriptions.
