SKYX Platforms Corp. (NASDAQ: SKYX) provided a corporate update on February 19, 2026, highlighting new product launches, a collaboration with NVIDIA, and significant investments from fundamental institutions. The company announced it has raised over $33 million in cash since September 30, 2025, including a $25 million investment from a fundamental institution at $2.50 per share with no warrants. These investments strengthen SKYX's balance sheet and position the company for sustained growth and cash-flow generation.
SKYX has launched its patented SKYFAN and Turbo Heater at Home Depot, with a new SkyPlug branding page on homedepot.com. Additionally, the Turbo Heater Fan is now available at Target, Walmart, Lowe's, and across SKYX's e-commerce platform of 60 websites. The company expects significant growth from these products in 2026, advancing its path to cash-flow positive.
In a 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 smart home technologies.
SKYX's revenues have increased for seven consecutive comparable quarters from Q1 2024 through Q3 2025, and the company expects continued quarterly growth. It anticipates securing additional significant business opportunities in 2026, including supplying advanced and smart home technologies to key projects in the U.S. and globally. These projects include a North Carolina smart home community, developments in Austin, San Antonio, and Miami (a new $4 billion smart city), as well as projects in Saudi Arabia and Egypt. SKYX expects to deploy over 1 million units of its plug-and-play technologies across these projects.
The company continues to grow its market penetration and expects to deploy over 100,000 products into homes and units by the end of 2026 through retail and professional segments. SKYX's safety code standardization team is progressing toward a mandatory safety standard for its ceiling outlet/receptacle technology, led by industry veterans Mark Earley and Eric Jacobson. The team has received support from a new significant leader in a government safety agency, and the company believes its products can save insurance companies billions annually by reducing fires, ladder falls, and electrocutions.
SKYX's technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services, monitoring, and subscriptions. The company has secured strategic manufacturing partnerships in the U.S., Vietnam, Taiwan, China, and Cambodia.
