SKYX Platforms Corp.

SKYX Platforms Corp. announced it will deploy its advanced smart technologies as part of the comprehensive renovation of The Mozart Prague, an iconic 5-star hotel in Prague, Czech Republic. The hotel, owned by Group OTT and managed by Accor, will integrate SKYX's smart plug & play products, including various lighting solutions. This deployment is expected to significantly reduce renovation time and cost by up to 90% and offers future recurring revenue opportunities for SKYX. Group OTT plans to continue deploying SKYX's technologies in additional European projects.

SKYX Platforms Corp. announced a new licensing agreement with Eurofase, a leading global lighting company. This partnership significantly expands SKYX's go-to-market channels within the U.S. and globally, targeting builder, hotel, residential, and commercial segments. SKYX's advanced smart home technologies are expected to reduce installation time and cost by up to 90%, and the agreement also opens opportunities for future recurring revenues through various services.

SKYX Platforms Corp. will hold its Annual Meeting of Stockholders on July 8, 2026, at 11:00 a.m. Eastern Time in Pompano Beach, Florida. Stockholders will vote on the election of seven directors, the ratification of M&K CPAS, PLLC as the independent registered public accounting firm for 2026, and an advisory vote on named executive officer compensation. The record date for voting is May 12, 2026, with proxy materials available online.

SKYX Platforms Corp. reported a 9.85% increase in Q1 2026 revenue to $22.09 million, though net loss widened slightly to $9.28 million. Despite the loss, the company significantly boosted its cash and cash equivalents to $30.26 million and shifted its total stockholders' equity from a deficit to a positive $18.82 million, primarily driven by $27.39 million in common stock offerings.

SKYX Platforms Corp. reported record Q1 2026 revenues of $22 million, a 10% increase year-over-year, marking its ninth consecutive quarter of growth. Gross profit rose 16% to $7 million, with gross margin improving to 30%. The company also announced a strategic partnership with European developer Group OTT for smart technology deployment in hotels and buildings, and expects to deploy over 1 million units globally in upcoming projects. SKYX reported over $32 million in cash and aims to be cash flow positive by year-end 2026.

SKYX Platforms Corp. announced it will host a Corporate Update call to present its first-quarter 2026 overview and financial results. The conference call is scheduled for Monday, May 11, 2026, at 4:30 p.m. Eastern Time. Key management, including the Founder and Executive Chairman, CEO, President, and CFO, will participate in the call.

SKYX Platforms Corp. announced it will deploy its advanced smart technologies in the master renovation of The Grand Hotel du Parc in La Bourboule, France. This historical hotel, currently with 100 rooms, will add 30 more and undergo extensive upgrades using SKYX's plug & play solutions. The collaboration with Group OTT, a developer of over 250 European buildings, is expected to lead to further deployments, leveraging SKYX's ability to reduce renovation time and cost by up to 90% and generate future recurring revenues.

SKYX Platforms Corp. announced its selection to participate in the inaugural Emerging Company Pavilion at the prestigious Sohn Investment Conference 2026, scheduled for May 12 in New York City. This exclusive selection, limited to only 8 emerging companies, provides SKYX with direct exposure to over 1,000 leading institutional investors and hedge funds. The recognition highlights SKYX's strong growth trajectory, expanding revenue base, and increasing demand for its advanced electrical and smart technology solutions, according to management.

SKYX Platforms Corp. announced an agreement with OTT Heritage Hospitality, a prominent European developer, to deploy and market its advanced smart home and building technologies across hundreds of European hotels and real estate developments. This partnership targets the vast European hotel market, which includes over 132,000 hotels and hundreds of thousands of rooms in the development pipeline. The collaboration is expected to leverage SKYX's technologies to offer up to 90% time and cost efficiencies, providing SKYX with long-term recurring revenue opportunities through monitoring, subscriptions, and AI services.

SKYX Platforms Corp. announced a strategic partnership with European real estate and hotel developer Group OTT. Under the agreement, SKYX's smart ceiling technology will be deployed as a brand standard across Group OTT's new and existing hotels and buildings in Europe. This integration is expected to reduce renovation and new build time and costs by up to 90%, while enhancing property safety and intelligence.