SKYX Launches New Products and Expands AI Ecosystem
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
Source: Globenewswire
- Product Launch: SKYX has launched its patented SKYFAN and Turbo Heater at Target in the U.S. and in Canada, with expectations to drive sales of over 60,000 units by Q1 2026, significantly enhancing market penetration.
- Revenue Growth: SKYX's revenues have increased consecutively from $19 million in Q1 2024 to $24 million in Q3 2025, indicating strong market demand and ongoing business expansion potential.
- Strategic Collaboration: SKYX has entered into an agreement with Global Ventures Group to deploy its smart technologies into tens of thousands of homes and hotels in the Middle East, which is expected to generate hundreds of thousands of units in orders, further driving global expansion.
- AI-Driven E-Commerce Platform: The upcoming AI-driven e-commerce platform is expected to increase sales conversion rates by up to 30%, not only optimizing B2B and B2C experiences but also creating opportunities for future recurring revenues.
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Analyst Views on SKYX
Wall Street analysts forecast SKYX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKYX is 4.08 USD with a low forecast of 3.00 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.580
Low
3.00
Averages
4.08
High
5.00
Current: 2.580
Low
3.00
Averages
4.08
High
5.00
About SKYX
SKYX Platforms Corp. is a platform technology company. The Company has a series of disruptive advanced-safe-smart platform technologies. The Company owns over 60 lighting and home decor Websites for both the retail and commercial segments. Its first- and second-generation technologies enable light fixtures, ceiling fans and other electrically wired products to be installed safely and plugged in to a ceiling’s electrical outlet box, and without the need to touch hazardous wires. Its products are designed to improve all around home and building safety and lifestyle. Its products include The Weight Bearing Power-Plug, Sky Universal Power-Plug & Receptacle, SkyHome App, Sky Smart Gen-2 - Universal Power-Plug & Receptacle, Sky - Smart Gen2 for Plug and Play Ceiling Fans, Sky - Smart Gen-2 for Plug and Play Lighting, and Sky - All-In-One Smart Sky Platform. The Weight Bearing Power-Plug acts as an installation device, designed for plug and play installation of weight-bearing electronics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SKYX Plans 2026 Launch of New Ceiling Fan and Heater at Lowes, Targeting Multi-Billion Dollar Market
- Market Growth Expectation: SKYX anticipates significant growth in its Lowes business during 2026, primarily driven by the launch of its new ceiling fan and turbo heater, which is expected to generate substantial revenue and further solidify its position in the smart home market.
- Product Innovation: The new product combines a ceiling fan with a built-in turbo heater, offering a safer and more efficient alternative that addresses the demand for tens of millions of units sold annually in North America, likely boosting sales during both winter and summer seasons.
- Production and Launch Plans: SKYX has commenced production with manufacturing partners and plans a broad rollout in Q1 2026 to align with the winter sales season, which is expected to enhance customer satisfaction and market share.
- Strategic Market Positioning: The ceiling fan and heater will be offered in six colors for both residential and commercial markets, showcasing the company's commitment to innovation, safety, and scalable solutions, and is expected to create significant value for customers and shareholders.
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SKYX Platforms Secures $14 Million Funding to Accelerate Market Penetration
- Funding Expansion: SKYX has raised approximately $14 million in the past three months from strategic investors and long-term shareholders, including a $4 million investment from Philotimo Fund, LP, further strengthening the company's balance sheet.
- Enhanced Shareholder Base: The investment was completed at $2.00 per share for 2 million shares of common stock, with Philotimo Fund becoming a new investor in SKYX, reflecting confidence in the company's growth potential as it expands its long-term shareholder base.
- Significant Market Opportunity: SKYX estimates its total addressable market in the U.S. at approximately $500 billion, with over 4.2 billion ceiling applications, positioning its technology platform to create recurring revenue opportunities through smart home products and drive future growth.
- Clear Strategic Vision: Founder Rani Kohen stated that with expanding retail distribution and increasing commercial deployments, the company is well-positioned for its next phase of growth in 2026 and beyond, aiming to standardize smart, safe, and advanced homes.
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