Form 8-K

8-K — SKYX Platforms Corp.

Accession: 0001493152-26-012924

Filed: 2026-03-26

Period: 2026-03-26

CIK: 0001598981

SIC: 3640 (ELECTRIC LIGHTING & WIRING EQUIPMENT)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-99.1 (ex99-1.htm)

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8-K

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0001598981

2026-03-26

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): March 26, 2026

SKYX

PLATFORMS CORP.

(Exact

name of Registrant as Specified in its Charter)

Florida

001-41276

46-3645414

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

No.)

2855

W. McNab Road

Pompano

Beach, Florida 33069

(Address

of principal executive offices, including zip code)

Registrant’s

telephone number, including area code: (855) 759-7584

Not

Applicable

(Former

Name or Former Address, if Changed Since Last Report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

symbol(s)

Name

of each exchange on which registered

Common

Stock, no par value per share

SKYX

The

Nasdaq Stock Market LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

2.02 Results of Operations and Financial Condition

March 26, 2026, SKYX Platforms Corp. (d/b/a Sky Technologies) (the “Company”) issued a press release announcing its financial

results for the quarter ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form

8-K and is incorporated herein by reference.

Pursuant

to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein and in this

Item 2.02 have been furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of

1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section nor shall they be deemed incorporated

by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth

by specific reference in such filing regardless of any general incorporation language.

Item

9.01 Financial Statements and Exhibits

Exhibit

Number

Description

99.1

Earnings Press Release, dated March 26, 2026.

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

SKYX

PLATFORMS CORP.

Date:

March 26, 2026

By:

/s/

Leonard J. Sokolow

Name:

Leonard

J. Sokolow

Title:

Chief

Executive Officer

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

Exhibit

99.1 Earnings Press Release, dated March 26, 2026

SKYX

Reports Another Record Quarter Revenue with Revenues of $25 Million in Q-4 Demonstrating 8 Consecutive Quarters of Year Over Year Growth

with Annual Record Revenue of $92 Million in 2025 Compared to $86 Million in 2024 as it Continues to Grow its Market Penetration

Gross

Profit increased to $28 Million in 2025 Compared to $25 Million 2024, Representing a $3 million (13%) increase in Gross Profit

Operating

Cash Used in 2025 Amounted to $13 Million Compared to $18 Million in 2024, Representing a $5 Million (27%) Reduction in Cash Used in

Operating Activities

SKYX

Raised $29 Million in Q-1 2026 Investments from Fundamental Institutions

SKYX

Announced Collaboration with NVIDIA AI Ecosystem Connect Program Expecting to Grow its Collaboration with NVIDIA into Future Smart Home

Projects

SKYX

Announced Launch of its Advanced SKYFAN and Turbo Heater on Its E-commerce Platform with 60 Websites, 1stoplighting.com, and U.S. Leading

Retailers including Home Depot, Target, Lowes, Walmart

Based

on The Growing Sales of its Patented Turbo Heater Fan SKYX is Expanding the Category of the “All-Season Ceiling Fan” Heat

in Winter and Cool in Summer – to Provide Additional Products in New Designs and Larger Sizes

Company

Expects to Continue its Growth in 2026 to Advance its Path to Cash-Flow Positive

SKYX

Anticipates Securing Significant Business Opportunities in The Hotel and Builder Segments in First Half of 2026

SKYX’s

Enhanced Safety Code Standardization Team Continues its Progress Towards its Goal of a Safety Mandatory Standardization in Homes/Buildings

of its Life Saving Ceiling Outlet/Receptacle Technology

SKYX

is Expected to Supply its Advanced and Smart Home Technologies to Upcoming and Future Key Projects in the U.S. and Globally including

in New York, North Carolina Smart Home Community, Austin Texas, San Antonio Texas, South Florida including Miami Florida New $4 Billion

Smart City, Saudi Arabia, Egypt Among Others

SKYX

is Expected to Deploy Over 1 Million Units of its Advanced and Smart Home Plug & Play Technologies During the Course of these Projects

SKYX

Continues to Grow its Market Penetration and Expects to Deploy over 100,000 of its Products into Homes/Units by the end of 2026 through

Retail and Pro Segments

SKYX’s

Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues through Interchangeability, Upgrades, AI Services,

Monitoring, Subscriptions, and More

SKYX’s

will be Launching a New AI Driven Software in 2026 for its E-commerce Platform of 60 Websites which is Expected to Increase its Conversion

Rate and Sales Up To 30%

MIAMI,

March 26, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”),

an award winning highly disruptive advanced and smart home platform technology company with over 100 U.S. and Global pending and issued

patents and a portfolio of 60 lighting and home décor websites, with a mission to make homes and buildings become advanced-safe-smart

instantly as the new standard, today reported its financial and operational results for the Fourth Quarter and Fiscal Year ended December

31, 2025.

●

SKYX

will hold a conference call today, March 26, 2026, at 4:30 pm, Eastern Time, to discuss the results.

See

below for dial-in information.

Fourth

Quarter 2025 and Subsequent Highlights:

●

SKYX

reports record sales $92.0 million in 2025 compared with $86 million in 2024.

●

Generated

a record $25 million in revenue in Q-4 2025 compared to $24 million in Q-4 2024.

●

Gross

profit in 2025 increased to $28 million, from $25 million, representing a 13% increase.

●

SKYX

is armed with cash, cash equivalents and restricted cash of $10 million as of December 31, 2025, together with $29 million the Company

subsequently raised in January 2026 (from one fundamental investors in straight equity with no warrants), as compared to $16 million

as of September 30, 2025.

●

Management

expects significant growth in 2026 to advance its path to becoming cash-flow positive.

●

SKYX’s

e-commerce sales are converted into cash rapidly, advancing it cash position often referred to as the “Dell Working Capital

Model”, lowering its cost of capital.

●

light of its strengthened balance sheet following recent capital raises, management believes the Company is well capitalized to execute

its growth initiatives while progressing toward sustained cash-flow generation and profitability.

●

SKYX

has successfully demonstrated its technology during a Marriott Hotel renovation and expects to grow its hotel segment during 2026.

●

Marriott

Hotel chain owner, The Shaner Group, led a $16.5 million investment round. The Shaner Group is an owner and developer of more than

70 hotels worldwide.

●

Company

is expecting to secure additional significant business opportunities in 2026.

●

SKYX

continues its growth and expects to deploy over 100,000 of its products into homes/units during 2026 through retail and pro segments.

●

SKYX

announced the launch of its patented advanced SKYFAN and Turbo Heater to the leading U.S. retailer Home Depot, including a new SkyPlug

branding page on HomeDepot.com.

●

SKYX

recently announced the launch of its Turbo Heater fan at leading U.S. retailers Target, Walmart, and Lowe’s, and on its e-commerce

platform across 60 websites.

●

SKYX

anticipates securing additional significant business opportunities on several fronts during 2026.

●

SKYX

is expected to supply its advanced smart home technologies to upcoming and future key projects in the U.S. and globally, including

projects in Pittsford, New York; North Carolina; Austin, Texas; San Antonio, Texas; South Florida including the new $4 billion smart

city in Miami, Florida; Saudi Arabia; and Egypt, among others.

●

SKYX

is expected to deploy over 1 million units of its advanced smart home plug-and-play technologies during these projects.

Technology

Roadmap

●

SKYX

announced a collaboration with the NVIDIA AI Ecosystem Connect Program. SKYX expects to grow its collaboration with NVIDIA through

its existing and future smart home projects.

●

SKYX

will be launching a new AI driven software for its e-commerce platform of 60 websites, expected to increase its conversion rate and

sales up to 30%.

●

The

Company secured U.S. and global strategic manufacturing partnerships with premier manufacturers including in the U.S., Vietnam, Taiwan,

China, and Cambodia.

●

SKYX’s

technologies expansion provides additional opportunities for future recurring revenues through interchangeability, upgrades, AI services,

monitoring, subscriptions, and more.

Financing

Highlights

●

extended and converted $13.5 million in notes coming due with maturity out to 5 years until 2030.

●

raised $29 million in equity during January 2026.

Safety

Standardization Mandatory Code / Insurance Specification and Recommendation

●

SKYX’s

Safety Code Standardization Team is receiving support from a new significant prominent leader with its government safety agency’s

process for a safety mandatory standardization of its electrical ceiling outlet/receptacle technology.

●

SKYX’s

code team is led by industry veterans Mark Earley, former head of the National Electrical Code (NEC), and Eric Jacobson, former President

and CEO of the American Lighting Association (ALA). The Company’s safety Code Standardization team believes it will garner

assistance from additional safety organizations with its code mandatory safety standardization efforts based on the product’s

significant safety aspects. Mr. Earley and Mr. Jacobson were instrumental in numerous code and safety changes in both the electrical

and lighting industries. Both strongly believe that, considering the Company’s standardization progress including its product

specification approval voting for by ANSI / NEMA (American National Standardization Institute / National Electrical Manufacturers

Association) and being voted into 10 segments in the NEC Code Book, it has met the necessary safety conditions for becoming a ceiling

safety standardization requirement for homes and buildings.

●

With

respect to insurance companies, the Company strongly believes its products can save insurance companies many billions of dollars

annually by reducing fires, ladder fall injuries, and electrocutions among other things. Management expects that once it completes

an entire range and variations of its safe advanced plug & play products it will start being recommended by insurance companies.

2025

Financial Results

Revenue

in 2025 increased to a record $92.0 million including record sales of $25 million in the fourth quarter including e-commerce sales, smart

home products and advanced plug & play products. Gross profit in 2025 increased to $28 million, or 30% of revenue from $25 million,

or 29% of revenue in 2024. We are armed with cash, cash equivalents and restricted cash of $10 million as of December 31, 2025 in addition

to $29 million we raised in January 2026, as compared to $16 million as of September 30, 2025. Cash used in operating activities for

2025 amounted to $13 million, as compared to $18 million in 2024. Net loss per share decreased by $0.04 to $0.32 per share in 2025 compared

to $0.36 in 2024. Adjusted EBITDA loss per share, a non-GAAP measure, decreased to $0.10 per share in 2025, as compared to $0.13 per

share, in 2024.

The

Company’s annual report on Form 10-K will be filed with the SEC and will be made available on the Company’s investor relations

website: https://ir.skyplug.com/sec-filings/.

Management

Commentary

Our

year ended December 31, 2025 was highlighted by our four quarters of consecutive growth including sales and rollout of our advanced ceiling

smart and standard plug & play platform products on many leading U.S. and Canadian websites. We believe we are accelerating sales

momentum while driving toward a stronger gross margin profile, supported in part by contributions from the Turbo Heater Fan, and continuing

to actively manage SKYX’s cash burn. Our e-commerce platform with 60 websites is expected to continue providing additional cash

flow to the Company. Management anticipates that in 2026 the Company will continue to advance its path towards cash flow positive.

About

SKYX Platforms Corp.

electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the

new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 100 U.S. and global patents

and patent pending applications. Additionally, the Company owns 60 lighting and home decor websites for both retail and commercial segments.

Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes

and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally.

For more information, please visit our website at https://www.skyx.com/ or follow us on LinkedIn.

Forward-Looking

Statements

Certain

statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be

identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,”

“could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,”

“guidance,” “intend,” “likely,” “may,” “might,” “objective,”

“ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,”

“project,” “seek,” “should,” “target” “view,” “will,” or “would,”

or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these

words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties

and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or

outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating

to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its

products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s

ability to achieve positive cash flows; the Company’s efforts and ability to drive the adoption of its products and technologies

as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market

share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s

ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the

Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic

opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise

code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by

any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures

and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided

by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic

conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the

Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There

can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release,

and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information,

future events or otherwise, except as required by U.S. federal securities laws.

Non-GAAP

Financial Measures

Management

considers earnings (loss) before interest, taxes, depreciation and amortization, or EBITDA, as adjusted, an important indicator in evaluating

the Company’s business on a consistent basis across various periods. Due to the significance of non-recurring items, EBITDA, as

adjusted, enables management to monitor and evaluate the business on a consistent basis. The Company uses EBITDA, as adjusted, as a primary

measure, among others, to analyze and evaluate financial and strategic planning decisions regarding future operating investments and

potential acquisitions. The Company believes that EBITDA, as adjusted, eliminates items that are not part of the Company’s core

operations, such as interest expense, amortization expense, and impairment charges associated with intangible assets, or items that do

not involve a cash outlay, such as share-based payments and non-recurring items, such as transaction costs. EBITDA, as adjusted, should

be considered in addition to, rather than as a substitute for, pre-tax income (loss), net income (loss) and cash flows used in operating

activities. This non-GAAP financial measure excludes significant expenses that are required by GAAP to be recorded in the Company’s

financial statements and is subject to inherent limitations. Investors should review the reconciliation of this non-GAAP financial measure

to the comparable GAAP financial measure. Investors should not rely on any single financial measure to evaluate the Company’s business.

Investor

Relations Contact:

Jeff

Ramson

PCG

Advisory

jramson@pcgadvisory.com

Dial-In

Information:

SKYX

Participating Members will Include:

●

Rani

Kohen, Founder and Executive Chairman

●

Steve

Schmidt, SKYX President, (Former CEO of Nielsen Data Corporation and former President of Office Depot International)

●

Lenny

Sokolow, CEO

●

Marc

Boisseau, CFO

SKYX

Platforms – Q4 2025 and 2025 Full Year Corporate Update Call

Date:

March 26, 2026

Time:

4:30 p.m. Eastern Time

U.S./Canada

Dial-in: 1-412-317-5180

International

Dial-in: 1-844-825-9789

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