SKYX Platforms Corp. (NASDAQ: SKYX) provided a corporate update on February 19, 2026, detailing new product launches, a collaboration with NVIDIA, and significant investments from fundamental institutions. The company, which specializes in smart home plug-and-play technologies, reported that it has raised over $33 million in cash since September 30, 2025, including a $25 million investment from a single fundamental institution at $2.50 per share with no warrants. These investments have strengthened the company's balance sheet, with management believing it is well capitalized to execute growth initiatives and progress toward sustained cash-flow generation and profitability.
SKYX announced the launch of its patented advanced SKYFAN and Turbo Heater at Home Depot, including a new SkyPlug branding page on homedepot.com. Additionally, the Turbo Heater Fan has been launched at Target, Walmart, and Lowe's, and is available on the company's e-commerce platform of 60 websites. The company expects significant growth from these products in 2026, contributing to its path to cash-flow positive. SKYX's revenues have increased for seven consecutive comparable quarters from Q1 2024 through Q3 2025, and the company expects to continue its quarterly growth.
In a key strategic move, SKYX announced a collaboration with the NVIDIA AI Ecosystem Connect Program. The company expects to grow this collaboration into its existing and future smart home projects, leveraging NVIDIA's AI capabilities to enhance its product offerings. SKYX also plans to launch a new AI-driven software for its e-commerce platform, which is expected to increase conversion rates and sales by up to 30%.
The company is expected to supply its advanced and smart home technologies to several upcoming projects, including a smart home community in North Carolina, projects in Austin, Texas; San Antonio, Texas; a $4 billion smart city in Miami, Florida; and international projects in Saudi Arabia and Egypt. SKYX anticipates deploying over 1 million units of its plug-and-play technologies across these projects. Additionally, the company expects to deploy over 100,000 of its products into homes and units by the end of 2026 through retail and professional segments.
SKYX's safety code standardization team continues its progress toward a mandatory safety standardization for its ceiling outlet/receptacle technology. The team, led by industry veterans Mark Earley and Eric Jacobson, has received support from a new significant leader in a government safety agency. The company believes its products can save insurance companies billions of dollars annually by reducing fires, ladder falls, and electrocutions, and expects that once it completes its product range, it will start being recommended by insurance companies.
The company also demonstrated its technology during a Marriott Hotel renovation, led by The Shaner Group, which invested $16.5 million in SKYX. SKYX expects to grow its hotel segment in 2026. With a total addressable market of roughly $500 billion in the U.S. alone, SKYX is positioning itself as a major player in the smart home and safety technology space.
