SKYX - Earnings call transcript Q3 2024

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Operator

Good day, and welcome to the SKYX Platforms Corp.

Third Quarter 2024 Earnings Call. [Operator Instructions] Please note that today's event is being recorded. I would now like to turn the conference over to Rani Cohen, SkyX Founder. Please go ahead, sir.

Ran Kohen

afternoon. Good for the everyone, call. quarter us joining you, third for update Thank on me President, that Lenny join our we are call. Schmidt; to With have Co-CEO, Steve today, and our going this Sokolow, moving I it will start to Schmidt. Steve by

statement I you And our Steve take the with start here, after Schmidt, look first. will think brief the here we President, have cautionary a call.

Steven Schmidt

very be with this afternoon. Okay, to Ran. you great Rani, much. It's thank you here

$XX.X it. into $XX.X We generated for quarter of third quarter of to get record million revenues XXXX. compared let's million third the So

XX, Next, equity million cash prior 'XX, of and $XXX,XXX. reported representing as equity XX, $XX cash of hotel as to myself the at $XX XXXX. Co-CEO, secured cash, completion we Lenny June Sokolow with no to at we and per Global John equivalents of $XXX,XXX of of And led significant raise and $XXX,XXX; the million common Co-CEO, compared investing owner in $XX chain plus over stock share XXXX, in million as Marriott preferred by 'XX, hotels October in insider plus a restricted Campy, million October $XX.X investment, warrants, developer at $X stock September by of XX

being in accomplished phases. company to everything quite there yet fact, the on we this Let SKY. at in team, time today, and excited in reasons have about extremely for become electricity I in company a a X you we've first X the or remain this I And home I $XX strategy a management all, mission the Board, Technologies. industry. all Wow, make that visionary offering building was of invested to of so smart. Rani of at original team building, our and this is remain to more business tremendous Kohen, and And a we with product. future my was the bright safe and me company every planning and leader, take do advanced terms standard thing. The just originally give and that the knowledge of were and invested and based I remain excited second with The key the inventor perspective of why today. about future safety in everything of at home that every excited SKY frankly, this have that

have Our lives products reduce these a responsibility save remind injuries. support report companies, cases. to media everyone Insurance and to and on in fiduciary

global and Next, products, proprietary products XX patents and our tougher. trademarks, software over and protecting making services. have competition We now

billion global with we which a to We specifications. National has available $XXX in SKY huge American alone. countries mandatory, company, finally, changing. where talked the have believe Institute global product, standard. partnership Manufacturer will our a will they it Electric ANSI, working and over And on U.S. chance into they Association approved standards. ceiling be market electrical XX past, the segments already in about with GE. the Electric in our NEC voted licensing become we've and believe Global and The the National and book group, Code, believe a code is NEMA, then the National the receptacle total XX And adopt have and the U.S. U.S. Standardization global over game

invested latest in additional again And really these it's who is and is thought that key those round. and points as about I'm others my key I think things and are that invested this company, in why many so made investments things then, continues, holds key I really I I the belief this why true the also -- and because now for investing

that appreciated hope perspective. I you've So

million XX% to to in cash the third net ending decreased XXXX. ending to $X.X X% to XX, quarter the the XXXX, September sequentially for million gross in the million used increased quarter June compared September XX, for profit XX, So ending XXXX, $X.X used sequentially by in quarter continuing quarter cash activities second the by on, of Company compared third XXXX. net operating $X.X

enhance including capital. sufficient our lower to companies converted to into ours, being its are as its in cash we to of cash the achieve want to that leverages when have the cash trades flow operations to cost Capital referred goals, common to with Model, rapidly, Working position As its its and cash We positive payable emphasize XXXX. sales finance company such as often Dell

play close grow products by We our XXXX. we our XX,XXX products, end of be continue the to and penetration expect market and U.S. homes of in smart to to and plug and advanced our Canadian

homes start the fires, We completed, it's among products, ladder expect our will incremental falls, Management in our believe of of XXXX. electriccutions, range save dollars many that to being our insurance be by by of insurance others. products play thousands tens recommended We reducing companies entire once strongly companies. in can annually we of safe products variation plug and billions expects and to

Additional and other products will recess of are lighting, to indoor/outdoor comprise are play Products the arrive end by including holiday kids, things. steam advanced lights, down wall lights, fans, lights, lights, and pendant, lights, currently signs, in and expected emergency shandelers, exit XXXX. production among ceiling smart plug

billion the our which in is the applications $XXX ceiling TAM subscriptions, just with sales, retail licensing, in alone. X.X and monitoring spoke revenue market, segments of prior, addressable country global professional billion total the product and Our from royalties, streams include U.S. over sale U.S. alone rights. I about Expected

and educate retail both home continue utilize to our segments. enhance of e-commerce over penetration market professional We to to and for platform our and websites XX decor lighting

have really to today. proven is think is and we lighting the this just world-class made as go executives forward. and it's our you, very and any and to are I what world-class it's industry but very, our individuals understand And of that always experts Board fundamental, As it before remind proud with team. got spoken industries, everyone, important key We've we've management we from company

to save We market. save talked advance we lives, and influence grow. continue Our one safety. and fundamental every the theme buildings And we parts and safe importantly, of mission, cost, home we've about behind which we insurance homes things. really successful smart and X time the and things And of in savings excited. in in and have each that sales box, our advance. we these, industries, companies, smart enhancing X building services offering. yet patents as almost doing and continue center a make many then we addressable safety many those is part we've to been companies products save the time other industry. all We and and And so Financially, do lighting electrical talk the just and And we as industry, about And the our many we're standard. new that's of sectors and have and of we as these one cases, our one we about, significant simplicity why cost the and talked so to talked, while remain of regulators,

can from of 'XX in of 'XX, million 'XX. million in You $XX.X $XX QX and million $XX.X see of then QX in QX

XXXX. company forth, our million raise, cash that positive and to during become anticipate and so cash will reported $XX prior we the flow we So

world-leading in that, the GE, EGLO with collaborations some Depot, And past company. got announce European lighting which will Home world. finally, to really least, Kichler, company, we a months, huge biggest And are some to Rui, collaborates with we've the which we've addition create with key Wayfair. then During lighting from months. leading -- collaborations we've manufacturer last lighting to collaborations, not And to working plan QOUIZEL, in with managed the then managed additional in on is but the we significant coming

So on. the We're Lenny presentation with excited. a our to Co-CEO. Sokolow, turn lot And that, me going let Lenny? over

Leonard Sokolow

just very future, to that and we we future, living that level a much. I And and we've the because great it have not believe and to only invest wanted the reiterate the invested of we're we Steve, in the see deal. you, the in company do fact continue Thank excitement

just very X% revenues, which go clear the up is again, to $XX.X just everyone excited is here, about, our high through level very to quickly, on are we're trend so million. lines So a

Our gross $X.X X% is million. up profit to

Our gross XX.X%. by margin continues to increase, increase X% to

And net net any million debt during is of note $X.X the in $X.X Our by XX% quarter. interesting decreased used decreased million. any discount cash our debt operating interest-bearing to of gross that activities an

with So that, Kohen. I'd Rani like it turn over to to

Ran Kohen

Thank you, Steve. Thank on business Lenny. you. Brief products. and you, Thank overview

we're lights, in them Recessed and in this of we top kids all already recommended is see as Sandeliers, we production, flush us time Lights slide right, not Steve if signs, we'll of As currently strongly see in The lights, started lights, here, once save mentioned, as save to exit Lights and few products believe if and here. get most, Flushmounts will mounts, you our we will most with believe, lights about -- important, talk all that products not themes emergency we're entire And product by holiday available, can here companies. you and we again. being Recessed have therefore, already going minutes assortment bringing can insurance the have from is, lives. that a in significantly cost, will

by significant smart of ceiling hopefully, insurance play next reducing tremendous we and including Once come smoke the it's plug reducing detectors we even months soon, we most as so the and we can wall the fans, already of the seal be products strongly assortment year, of have lights in the with recommended and elections and entire homes will future We have. detectors, play fans severe lot here, we'll ladder end much a emergency and this Steve really of generations as and range believe and life-saving a of variety ceiling reducing more have and the companies injury to fires, aspect, that and plug a sconces. believe have this in we mentioned, coming falls, by

significant. quite that's So

interchange everything ceiling said homes is the needs. -- when model many put several is razor or we hotels. holiday outlet you we're Energy everything razor that's and conducting in in ceilings intend we or here times, to is our the intentchability saving here. to the the bring that buildings As reasons, your we the plugging really and offers the products, renovations other of and And blades of razor and and can blade according

a what to do next predict can high-rise fixtures. to good several we we hotels shipping that probably builders months, the We early as more, our today or start large can also days. if products not go will a We this with hotel, And and within install take technology arrive year. will

only not the the significant table. time money proposition we it's So life-saving quite and are value and cost saving the bring aspects, to

industry. lighting X-year here, left see it's the you to We the intend to for know, have, and the electrical products standard we agreement and on all with GE. a you plug as the Additionally, signed everything, play license

doors Our that a because product Recessed Light waiting patented this. that and a it's or a to of licensing. minutes Light. item, product, therefore, it's to for a us small going we're And while a open license. small potential Light has that ladder that, can patents but lot on still unit we is spend a but fixture you intend Recessed multibillion believe potential this still have on of market Recessed global that major we the strongly to XX installing And we XX a -- is

once plug also license We but even that due plug many Last advanced product market Generation industry, and electronic product. X not for We'll smart here our and product and aspects have the fan believe play advanced we can of the the delivers we us Smart Generation in ceiling and for electrical will X estate. have real before the play strongly that to tremendous smart we're the industry. least, lighting and the

electronic or all we we we have number out to performance the with have comes important, utilize websites home to and chips, have believes ANSI WiFi. Depot, in is our and the features U.S. partnership that market the you different X all talk largest billion that's cooperation are and when home NEC the center hopefully, lighting AI range Q&A. penetration, exception the votes offer and most of and enhance products Wayfair work in we NFPA our will create that therefore, famous value not we lighting performance behind and globally, arrive plus also and ANSI, electronic Edison a with the the homes on company, The slide, more does started in to of GE Electric of smart is hope probably smart the but licensing, companies on NEC a next NEMA put microphones, segments, software, detectors, great said, really our save seal today maybe votes companies, detectors, hardware licensing more part all with almost that a U.S. we X proposition. when features of merged we commercial. can on created with and leak insurance estate sales all to the X.X standard it's their chip X. And and the to Kichler together almost see to as believe that the votes doubles opened in can consumer votes. that companies be being And with value we enhancement Home year. European speakers, smoke can in the patents on market code to like year a collaborations standard, enable AI If with approvals Steve the them software features, Dolby. our the lives doing Bob, proposition global we a probably close on, the when our believe offers this triples and many have the has you speed here recall, a and On there really, vast we we sounds an of the our utilize General significant strong in now will really expanding with emergency And you, the Edison ceiling. this, including to GE it mentioned. people top lights, of XX many many you ceiling close remind standard with awards WiFi. come manufacturer is won believe Like because in in that based the world-leading of their company, a And It lot in, the -- billion votes It's the proposition base and This the became With lot quite announced and better. that the of But many -- you And lighting that the of past to we market NEMA U.S. of inventing that about based to to but in and U.S. that you significant global of things like in water that QOUIZEL the floor Rui, what XX patent have applications our we path outlets today, top alone. a I platform expand think everything combination the our applications -- once standard. and smart in a opportunity we're smart we WiFi, And applications. many a right quite real in value. WiFi world-leading can and through are with that many the that most the NEC of prefer standards, triples that this global their during our covered portfolio strongly to GE created door XX great see home of -- To scenes, of and by significant they all just we including that vast residential ground of much alone here others the billion will here, can are significantly opening the to location with product global the other be significant expect products on but a

please your we're Thank So here answer. to you. questions, ask

Operator

you. Thank

now question and will begin We answer...

Ran Kohen

Yes.

here. to Almas going list. have according We the I'm

And question. is Almas the please, first So you from Freedom. Almas, can ask

Unknown Analyst

participated on builders? please few in Deal an I have SKYX Forum. Real a collaboration Miami quarter. Could on Congrats you with Real the questions. Estate the update provide Recently, your

Ran Kohen

deal the real regarding builders? You're asking with

Unknown Analyst

Yes.

Ran Kohen

Yes.

all, type I'll screen that fixtures, and previously, people are those in still see showed on production it all fixtures we here if of of of again now the not use we today. as the builders So most, screens, show type if the

receptacle. with once we X-pack, we ceiling are you here, ceiling delivering our a outlet products the enhancing start plan we receptacles X-pack, an can market that X-pack have our can And We penetration our ready, after we is are see a and XX-pack. a supply

-- we the As I blade razor model. just earlier, is this and said the

announcements We is we're owners. this well already months are the even as assortment we cover will actually in supplying several expect as have month, then and think in the of builders coming will the progress with to next you supply supplying many our great buildings, month every once have now. here full And I them razors that starting hotel

stage have pendant here. to has So very chandeliers and already we we're and excited that and production started,

actually indoor unit lights and and holiday mount deliver lights, in the we expect have outdoor, soon plug we expect have market, emergency and lights. as for exit wall We Recessed we and It's indoor the integrated next lights, having flush now, that walls coming coming mentioned, started to multibillion to builders. play and a many to months both and we

So and the your for And was us question. with show connections that hopefully, collaboration. great answers

Unknown Analyst

proposing question. of potential the based tariffs? For How second increase you in on I President suppliers China. do have import And a your considering instance, assess XX% in Trump's are statement tariff the if to tariff suppliers? Chinese are gross negotiate tariffs all your profit do able your with might sharing anticipate the costs new imposed, of how you affect these margin? goods, such Additionally, being Most change

Ran Kohen

their about backups in there's we're all, first between working we're factories they're have China factories have and working general. we're manufacturers we -- in with the and U.S. today today thinking of issues that So if because so other case

Vietnam, in in Philippines Taiwan. addition with several and Chinese manufacturers and in So and and of Vietnam, in in them to companies connections addition in in Taiwan and we're already have our already -- factories Vietnam the working

I with coming I in politics. we to then is -- he's and this -- that No have using I both here President -- most this, really don't to questions? doesn't, and the important. answered protected. go well And it So backup he think want people more for say case but threats, we're so factories, that's many our

Unknown Analyst

Yes. Congrats on the quarter.

Ran Kohen

next your ROTH , Sweeney. And answer. Jerry Gerry from think ask is to Capital, questions allhere we're Gerry I

Gerry Sweeney

schedule stores they are but couple a web, on there more web. know add connecting had Wayfair, collaborations, in the any and Depot, some to given But as others and the well products more as products out. I have type products the of Home if to them a to to to specifically, on into how of well. as they've Depot, think of the questions. Home schedule as you rollout I given particular, going I for roll going you that's Curious they're the some

Ran Kohen

XXX So at we some think, I up point. -- actually already rolling that to over started up rolled stores,

some and enter to e-commerce can own the started into show we good XX to news We in today rolling the have because bad only this this is also already websites else good production to we online, news more and bad news online. with it and the and news really the business but products, stores have news. country numbers are to expect taking started compared the retail And is website online comes the Wayfair, get Depot and rolling we good always is something X%, stores. is arriving we over it's more to the more now, in, after start really and Home them and but when mention but that access The you products you

be actually us aisle perspective. So both business. well for very sides And that it's serves growing us the a to of from in

Depot, on and to monthly product we're more So in collaborations more in and websites, a that load many them we're containers and the other into going also our to products we're getting just now containers, into Wayfair is and base. and on. working more to of expect load and products both -- XX Home We're arriving beginning

Gerry Sweeney

it. Got

correct? production, the ramp So the well. up more have product, more website, as as more into actual on you just to stores websites, be product product clear, you that Is more

Ran Kohen

up product. That's expectation backup this in online from we start why programs parallel to as with grow to those retail to stores. online also -- both we our manufacturers that's what more rolling grow we have is come the as And and biggest

Gerry Sweeney

Is the Got call with And platform it. hit line I production? not, production? the X, the for what's in And that that Gen lighting, it WiFi, if time cetera. to et

Ran Kohen

smoke final in out and UL We're UL detector stages and all the aspects electronics, safety and between and electrical. just clearing and UL FCC

fine-tuning So to mass production. we before go

coming We to the responsible. smart here like a safety, month to expect the as don't maybe not all with early we maybe with XX%. X very electronics. production next XXX% month, of this Gen production start after. acting as do until want important the mass months, next We are We of smart not is in even just And did we clear start

small launching you ratio electronics As know, we're minimum, defect, and we're of the always to the especially a that have it minimize of a minimum new trying to product.

to in we're we and expect rolling soon that with with start in this, product. good space good shape very So

Gerry Sweeney

you Obviously, the the host you opportunity and remarks your it touched the for in At creating? sort is whole path it collaboration? And discussions would of that some mean, that some within that down Gen of of you're with a with can the I what about real of just licensing start people point licensing GE opportunities that more home. go of you? estate Or X of upon to even be

Ran Kohen

GE more many standards so created GE many collaboration. so expertise. be will That in That's industries. their the

It's long to laptop, a or time like an have daily it's MacBook screen. as a people and you or the we including and phosphor standard LED in Samsung the technology, XX you they have the or most and on and there. -- Apple GE using computer since created the just you us basis. on every we're they is or the this many American a years, or say GE call, do think know that an and medical standard that created not think companies, electrical it then, was Edison Dell, past I electronic I standards. aviation Every now a largest you of that on TV there's electrical But will all screen, showed base standard of many bought always equipment, probably plants famous LED showing any I again the the from globally called iPad phosphor. as open but the product a you in will one created, the X or on

So call have electronic the that they as enhance on many enjoy is NEMA have that GE really well has we and a expertise as the lot that of biggest hardware, with votes votes fixtures value performance as she'll the very before, tremendous from call and companies value is the and join combined NEC we game-changing the and according want a or that with to spoke And strength on Khadija of the their product our and GE, the an strong and proposition on technology light better a own including reason to ceiling. in ceiling but have patents well. detectors, strong their Microsoft. with us top us software, in annual last believes give ANSI, is to ANSI, detectors want patents a their a estate of smoke that strong including the the only smart one chips own Mustafa very product, with standards, the have on joined enhances us this compelling belief and and have That's main product. we create of ceiling NFPA -- they she the with proposition Khadija seal but world probably vast every AI other case the NEMA to based many, real not have And performance performance WiFi, center they on a and probably the

Gerry Sweeney

you. And question. one quick more follow-up then just Got

Just I if voting updates? forward any there's opportunity. that's any on front? a know just process, NSC been mandatory move curious the Any updates that or but

Ran Kohen

process. in still We're the

process. very it's As we said, lengthy a

efforts. of news our need and is And news. that The but hurdles stuff. -- and bad all the to kind overcome as team we're process recommendation But are also during data part that more years, there of started XX that's recently, where mentioned, all we good angle. I of also took is products our think documentations us we're we code discussions based we other discuss that kinds good to the helping to and some on efforts we getting our it's got on And things news. started their regarding continuing place this this we submitting we're insurance additional some

we help not data in us is not So a we're take help is, things enhance here. fast day, on -- but as that timing and doing are strongly timing, us time, short that know, progressing some have -- we but insurance but happen but will we not well one know we significantly process. -- It as to the could surprises to we're process with working a companies, it's hope believe and we have process, it's hope we're will we that and

Ran Kohen

Okay.

Maxim NOBLE then have Capital. And we we Pat from question here Group. McCann, Next Jack have

yours. So please Patrick microphone is

Patrick McCann

ADT, from could to was if recommendation would look is a envision? guess expand what get those about home would along should on you a premiums system that Is or talk what look it what you initially bit on Could I what your your just the a more you when consumer's something that of you little like insurance security just wanted of bit on like? we insurance lines. I the discount typically I view. wondering of issue. get think I insurance like can of little a touch home point sort

Ran Kohen

homes issue too, we believe, significant electecuted reduces floor. product fires, a being major here, is our ladder and than we So electecutution significantly and and the falls. as reduces It's reduces on significantly Steve and being electecuted mentioned worse mentioned hazard ladder on in

Generation X has X and light So those would yet and X much an come have not that's safety in production Generation with already aspects emergency more.

of are We're dollars didn't places. product, we month, insurance all recommendations They a And discounts can to discussions are and mentioned, range for or and Steve value month expect finalize we're you believe we're to discussions. arrive use and more to is working within we on and them. next think as can but saving of definitely entire stuff. through enough have for the coming in our variety it's month once annual that, an the month is we months, start the started the for that really a So the And going to every them based to on product base, arriving all And insurance few the accessibility enough news as range come going save and billions companies arriving this have they we and or good there. on. dollar last or a to have the we there what's waiting enhance products see, because there's proposition this I many companies want encouraging product expect and going that's, that's we more availability, those and here see X. to tremendous And show we phases,

Patrick McCann

future? on would question of first mentioned I double with like bring what handful is have as now down Depot how I'm and Depot Depot been into there? stores the far been the wondering, which look XXX -- as sort as allow success also months I'm what products into Any they most wondering question. And decisions had to of the that other wanted success you're here, they which products popularity far the and to how But at then there I on you just surprises having Home want sort Home had products have of as mentioned cetera. what guess previously in And of stores, is, Home they think I inform stores the the that any I make the to you or et granularity the roughly. website in your bring in the

Ran Kohen

So as in we the we product have the don't model, call blade and currently of it we're mostly the razor the store. variety yet --

what yet here, not at see most not I stores stores them of see maybe on that actually So in of I'm think this showing everything all yet. again at or you all, in is slide you if X%

a what generate and will stores, understanding all have program what getting product. better going better, that and determine work a there's on in colors So products there's those marketing going to products to to what with as to we be going happen can help around we're start and much and each it,

razors receptacles. with the -- know perform. what since our which did the not arrive going and blades yet, we But to -- call this not we is So there's started are here, we don't they how products

landing an indication specifically we But we products that and soon what very a start see potential and other determining website us have on Wayfair what bring our soon, as Home well expect you collaborations products our and because helps now to understand. part that We as expansion. And very to that that's what to lot show we website, our we'll know a have to for hopefully, of that Depot can at point, websites. major so

Ran Kohen

Okay. I believe, Jack.

Jack Vander Aarde

hear you Can me okay?

Ran Kohen

Yes, we hear you fine.

Jack Vander Aarde

my A taken. lot questions were of

want touch channel. the do on I homebuilder So to

announced You've a order homes. to Florida X,XXX over supply

you orders Are channel. do just That expectations color those homebuilder if How on you Just ramp this any updated helpful. be for could would in orders channel? getting that inbound? more to expect you provide wondering

Ran Kohen

fun it that's the and We and of of permits razor question. delays kinds in very all with met part Great recently, like and we will the supplying go through. builders looks And blade and year, builder the start stuff early model. that Yes. our the

penetration until time. we product can call here. razors with But we what grow -- more the our takes our the market hits Sometimes

So to we expect, start early on next have supplying based discussions year. we

several discussions are But go in or the take earlier earlier, our we really of including again, really to what there's we -- can homes it owners, smart all products, high-rise because, a months, installed, a arrive builders, receptacles install products to that's players, it said can you lot the said builder have outlet, year. to take it can or will the fixtures here. you on it's light today the a here ceiling interest X you and you So When hotel months I And major sometimes once yes, waiting including signed. days. take with

supply electrician. there's their go to and installation, they an replacement time happens with don't They well we Recessed to maintenance saving So guy can obviously, call light, significant something need as emergency happens if play. what plug have and builders, cost items that saving a a Light on often as or

and to And We're think companies are talking significant talking to, you major products interest. on. here. and products to there's we people I companies a and advantages world-leading to what there's that of do, we're So just and we're deliver many we focused collaborating CEOs lot key our and once will have on say who

Jack Vander Aarde

going? actively -- they relationship is now? running manufacturing how want and of and to specifically And discussion just have touch relationship out? just around I to And Fantastic. that stuff. That's Are is me. on, that on it But just some Ruee. I your want just for the with touch then panning and Okay. sort tariffs international just there's up How quick, real you

Ran Kohen

Yes. We Yes, some to and in here. actually for actually is Ruee believe the started we getting production ship very products even Thank soon. now you -- starting question. very,

-- in going now, much more that's be and there's day and to expanding from every are their is So we we coming end. production, believe production

showed going your And going is of Ruee already and other the everything very some earlier, that with start partnerships Jack, are other question or lot you to of plan. any we does landed I have. landing So relationships and our a chart fixtures based question? those on answer to soon, them according

Jack Vander Aarde

appreciate you That's answered it for me. my have I questions.

Ran Kohen

see. can from let Please, Cooney everyone. Thank see Thank me and The microphone here. is you, I -- Benchmark. here that is Lenny. question you. another very much your I you, Okay. yours. you, It's time see. ask. that welcome here thank Steve, appreciate you We thank And can Paul, And Paul There

Paul Cooney

most And total the for or the in the far the version? version? planned off the production you're Plugs. like it's we how now the version, version Sky planned if Is said smart production you smart of are wondering, with of Just with

Ran Kohen

producing we're product. every is item have much sign smart like producing the and the a So and Obviously, now expensive a Light have would parallel the smart. not we both exit both inventory -- to more or Smart Recessed and standard

Smart that high-end interest a Hans many can because than you -- have also products them group as Recessed board. the on Smart the Lights this arrives product. it and such we can and of cost those it's Light the once So to we But and on have chandeliers Recessed us what expect reminds one here, that what more we put see

X the numbers product, to we're putting are many -- road we we the the and smart especially putting and be that's people is with the homes on putting the offers safety we're be it including expect then is upgrade can higher. and So necessities to razors come deliver going sell we're growing, But much Generation and and and product, to standard faster. safety of but higher the news ceiling that as lifestyle, good the Internet that down from from high-speed much

fixture a standard So platform. a you into smart can still in or plug the

So change them. But more not discussions one obviously, big can way, this Recessed is really potential up be emergency the advanced And we're that with with both exit exit the have emergency smart, of growing standard sconces and by that and and the smart. signs has and for is signs there a become much plug want because already of Light lights and the also to are companies us. wall lights

plug we fine-tune those very But anticipate down Generation a the that's But better. thing Generation be rough X at standard X/X be a are numbers production and us. and that important the with X/X as and X. companies smart for play to still, advanced the start to estimates will least understand majority, road. are there So probably we

there's more see that We questions. Okay. no

hopefully, was Steve, thank And and will to growth thank you. you and a next some more things much, It very call So cover. everyone. continue you announce Thank great our Lenny, presenting. here everyone, and our again,

Operator

The and has for Thank disconnect. you now may attending concluded. conference presentation, now today's you

SKYX Platforms (SKYX) 12 Nov 242024 Q3 Earnings call transcript