SKYX Platforms (SKYX) Sidoti March Small-Cap Virtual Conference summary

Technology innovation and product overview

• Introduced a smart home platform with AI integration, rapid installation, and safety features, aiming to become a new global standard for fixtures and smart devices.

• Platform includes backup power, smoke/CO2 sensors, intercom, and supports plug-and-play lighting, fans, and accessories.

• Demonstrated significant time and cost savings in hospitality renovations, with installations taking minutes instead of hours.

• SkyFan & Turbo Heater launched as a patented, all-in-one ceiling fixture combining fan, heater, and light.

• Technology approved by major regulatory bodies (UL, NFPA, NEC, ANSI/NEMA) and positioned for global adoption.

Market strategy and growth

• Adopted a B2B and B2C strategy, leveraging over 60 lighting e-commerce websites acquired in 2023.

• Announced partnerships with major retailers and developers, including Home Depot, Lowe's, Wayfair, Target, Walmart, and large-scale smart city projects.

• Reported $58.8M in 2023 sales and $86.3M in 2024, with sequential growth over seven quarters.

• Targeting a total addressable market over $500B in the U.S. for home installations, with global expansion underway.

• Prefabricated home market identified as a significant growth opportunity, with collaborations already in place.

Regulatory and industry adoption

• Achieved historic code changes: the SKYX receptacle is now included in the NEC as a Weight-Supporting Ceiling Receptacle (WSCR).

• Next regulatory step is mandatory adoption, which would apply to new construction and renovations requiring permits.

• Precedent exists for insurance incentives to drive adoption in existing buildings.

• Builders and developers already adopting due to 90% time and cost savings in installations.

• Global patents cover both receptacle and plug, ensuring licensing revenue from all compatible smart devices.