SKYX Platforms Corp. (NASDAQ: SKYX), a smart home technology company, said its combined pipeline with Deako is estimated at more than 4 million units carrying an expected average selling price of roughly $50 per product, according to a corporate update. The disclosure matters because it offers investors a first look at the scale the company believes its Deako merger can deliver, and it ties that scale to a specific financial target: positive cash flow as the company exits 2026.
The pipeline builds on recently announced supply commitments. Deako plans to provide more than 80,000 units to 1,000 Maronda Homes residences, while SKYX said it has signed agreements to supply technology for two 65-story Trump Towers in Hyderabad, India, and a Marriott hotel renovation in Durham, North Carolina. Those deals span both the single-family builder market and large commercial hospitality projects, broadening the customer base the company is pursuing.
SKYX expects the Deako merger to cut annual cash expenses by more than $6 million and potentially lift Deako revenue per home by as much as fivefold, a combination the company frames as both a cost and a revenue opportunity. The company reported $27.7 million in cash, cash equivalents and restricted cash at the end of the second quarter of 2026, alongside 10 consecutive quarters of year-over-year growth. That cash position and growth streak are central to the company’s stated goal of reaching positive cash flow as it exits 2026.
Beyond the merger, SKYX pointed to licensing agreements, planned artificial intelligence-driven e-commerce enhancements and continued efforts to establish mandatory safety standards for its electrical ceiling outlet technology. Those initiatives, alongside anticipated seasonal sales of its patented Turbo Heater Fan, suggest the company is trying to diversify revenue sources rather than rely on a single product line. The full press release is available at https://ibn.fm/LJP97.
For investors tracking SKYX Platforms (NASDAQ: SKYX), the latest news and updates are available in the company’s newsroom at https://ibn.fm/SKYX. The update was distributed through InvestorWire, a communications platform within the Dynamic Brand Portfolio at IBN. The platform offers services including editorial syndication to 5,000+ outlets and social media distribution, and full terms of use are posted at https://www.InvestorWire.com/Disclaimer.
