Technology Archives - Channelchek

Micron Surges 12% as the Market Begins to Reprice What AI Means for Memory Chips

Posted on May 26, 2026May 26, 2026 by [email protected]

Micron Technology (Nasdaq: MU) surged more than 12% Tuesday to trade near $850, extending what has already been one of the most remarkable runs in the semiconductor sector over the past twelve months. The catalyst was a Wall Street price target revision that set a new high-water mark for analyst expectations on the stock — but the move reflects something larger than a single upgrade. It reflects a growing conviction that artificial intelligence has fundamentally and permanently changed how memory markets work.

The numbers behind that conviction are not abstract. Micron’s most recent quarter posted revenue of $13.64 billion, up 57% year over year, with non-GAAP earnings per share of $4.78 — well above the $3.94 consensus estimate. Its Cloud Memory Business Unit nearly doubled to $5.28 billion in a single quarter at 66% gross margins. Forward guidance calls for $18.7 billion in revenue next quarter with non-GAAP EPS of $8.42 — numbers that reflect the hyperscaler AI buildout running directly through Micron’s high-bandwidth memory franchise at full speed.

Why This Cycle Feels Different

Memory semiconductors have historically been among the most volatile in the chip sector — prone to sharp boom-bust swings driven by oversupply, inventory corrections, and demand unpredictability. Those cycles made memory stocks notoriously difficult to value and kept multiples compressed even during periods of strong earnings. What’s changing now is the nature of demand itself.

AI data centers consume high-bandwidth memory at a scale and consistency that prior computing architectures never required. Unlike consumer electronics demand — which is seasonal, discretionary, and cyclical — hyperscaler AI infrastructure spending is driven by multi-year capital commitments from companies like Amazon, Microsoft, Google, and Meta that are building capacity they believe they will need for decades. That shift is beginning to generate long-term supply agreements that lock in pricing and demand visibility, smoothing the earnings volatility that historically made memory stocks difficult to hold through a full cycle.

If that structural change holds, the entire framework for valuing memory companies changes with it — and Micron, as the dominant US-based producer, is the most direct expression of that thesis.

The Domestic Manufacturing Milestone

Layered underneath Tuesday’s move is a separate development that adds industrial and political weight to the story. On Friday, Micron’s Manassas, Virginia facility began producing 1-alpha DRAM — the most advanced memory chip ever manufactured on US soil. The milestone arrives as Washington continues to prioritize domestic semiconductor production under the CHIPS Act framework, and as AI supply chains face increasing scrutiny around geographic concentration. Micron now holds onshore capacity, active government support, and an accelerating demand environment simultaneously — a combination that rarely aligns this cleanly.

MU stock has now run approximately eightfold over the past year, outperforming the S&P 500, the VanEck Semiconductor ETF, and the iShares Semiconductor ETF by a wide margin.

The Broader Semiconductor Read

For investors tracking smaller names in the semiconductor space, the Micron move carries a direct implication. If AI has structurally improved the durability and predictability of memory market earnings, the same logic begins to apply to smaller companies serving adjacent segments — specialty DRAM providers, DDR5 component manufacturers, advanced packaging companies, and AI-optimized storage technology players. AMD climbed more than 5% Tuesday on the same AI semiconductor sentiment wave, confirming this is a sector rerating rather than a single-stock event.

The memory supercycle has a new price tag. The market is just beginning to figure out what that means for everything downstream.

Release – Conduent Announces Agreement to Sell Its Public Transit Business to Modaxo for $164 Million

Posted on May 22, 2026May 22, 2026 by [email protected]

Research News and Market Data on CNDT

May 21, 2026

Corporate Transportation

Transaction Expected to Close Before the End of 2026

Conduent Continues to Fortify Its Balance Sheet

Conduent Retains Ownership of Tolling Business Segment

Conduent Incorporated (Nasdaq: CNDT), a global technology‑driven business solutions and services provider, today announced that it has entered into a definitive agreement to sell its Public Transit business, an operating unit of Conduent Transportation, to Modaxo, a global technology organization focused on moving the world’s people. The Public Transit business consists of Transit Fare Management and Fleet Management Solutions businesses.

The sale has a purchase price of $164 million. The companies expect the transaction to close before the end of 2026, subject to customary conditions and regulatory approvals.

“This transaction advances our strategy to simplify the portfolio, sharpen focus on our core businesses, and strengthen our financial foundation. Consistent with the disciplined execution outlined in Q1, it further positions Conduent to deliver sustainable, long-term value for our shareholders, clients, and employees,” said Harsha V. Agadi, Conduent President and Chief Executive Officer. “Modaxo’s technology focus makes it a strong strategic fit for the Public Transit business and those it serves. We remain committed to delivering outstanding quality and performance for our Transportation clients as we prepare for closing and ensure a seamless transition for clients and employees.”

With global operations, the Public Transit business offers fare collection systems, fleet management systems, payment and revenue management platforms, and other hardware‑enabled mobility systems.

Conduent Transportation’s remaining Tolling business provides mission‑critical technology that enables all‑electronic tolling, roadside, and back‑office processing, image review, violation enforcement and analytics. It supports more than 14 million tolling transactions per day.

Additional details of the transaction are outlined in Conduent’s 8-K filed with the U.S. Securities and Exchange Commission (SEC) today.

About Conduent
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 48,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $80 billion in government payments annually, enabling approximately 2.0 billion customer service interactions annually, empowering millions of employees through HR services every year and processing over 14 million tolling transactions every day. Learn more at www.conduent.com.

About Modaxo
Modaxo is a global technology organization passionate about moving the world’s people. Working both together and independently, our collective of businesses is committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Learn more at Modaxo.com.

Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives and views, visit http://twitter.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.

Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.

Forward-Looking Statements
This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend,” “will,” “aim,” “should,” “could,” “forecast,” “target,” “may,” “continue to,” “endeavor,” “if,” “growing,” “projected,” “potential,” “likely,” “see,” “ahead,” “further,” “going forward,” “on the horizon,” and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact included in this press release are forward-looking statements, including, but not limited to, all statements regarding the sale of Conduent’s Public Transit business, including that such transaction will be consummated and the timing of such consummation, expectations regarding our strategy to simplify our portfolio, sharpen our focus, strengthen our financial foundation, and drive value for our shareholders, clients and employees. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make. Important factors and uncertainties that could cause actual results to differ materially from those in our forward-looking statements include, but are not limited to: Conduent’s ability to realize the benefits anticipated from the sale of its Public Transit business, including as a result of a delay or failure to obtain certain required regulatory approvals or the failure of any other condition to the closing of the transaction such that the closing of the transaction is delayed or does not occur; unexpected costs, liabilities or delays in connection with the proposed transaction; the significant transaction costs associated with the proposed transaction; negative effects of the announcement, pendency or consummation of the transaction on the market price of our common stock or operating results, including as a result of changes in key customer, supplier, employee or other business relationships; the risk of litigation or regulatory actions; our inability to retain and hire key personnel; the risk that certain contractual restrictions contained in the definitive transaction agreement during the pendency of the proposed transaction could adversely affect our ability to pursue business opportunities or strategic transactions; and other factors that are set forth in the “Risk Factors” and other sections of our Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this press release speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521304589/en/

Media Contacts:
Remy Kaul, Conduent, [email protected]

Neil Franz, Conduent, [email protected], +1-240-687-0127

Investor Relations Contact:
Conduent, [email protected]

The Federal Government Just Bet $2 Billion on Quantum Computing — and Several of the Winners Are Small Caps

Posted on May 22, 2026May 22, 2026 by [email protected]

The Trump administration moved Thursday to establish the United States as the dominant force in quantum computing, announcing $2 billion in equity investments across nine domestic companies as part of a coordinated push to accelerate the technology’s development and close the gap with China. The move sent shares in several of the recipients surging between 6% and 31% on the day — and for investors paying attention to the small and microcap names in the deal, the signal goes well beyond a single-session pop.

The investments will be funded through incentives under the CHIPS and Science Act, originally signed by former President Biden, and represent the latest instance of the Trump administration taking direct equity stakes in strategic technology companies — a model it has already deployed with Intel and rare-earth mining company MP Materials.

Who Gets What

IBM is the largest recipient, securing $1 billion to establish a new company called Anderon in New Albany, New York — which the administration is positioning as America’s first dedicated quantum chip manufacturing facility. IBM will contribute $1 billion alongside intellectual property, assets, and workforce, with plans to bring in additional private investors as the venture scales. Contract chipmaker GlobalFoundries received $375 million and launched a new division called Quantum Technology Solutions, with the government taking approximately a 1% equity stake in the company.

The remaining funding flows directly into smaller players. D-Wave, Rigetti Computing, and Infleqtion each received approximately $100 million, while Diraq received up to $38 million to address specific technical hurdles around error rates — one of the central engineering challenges still limiting quantum computing’s practical performance. PsiQuantum, which raised $1 billion in private funding last year from investors including Nvidia’s venture capital arm, is also among the recipients.

Rigetti Computing shares surged more than 25% Thursday. Infleqtion jumped nearly 29%. Both are among the smaller names in the cohort and carry market capitalizations well within ChannelChek’s coverage universe.

Why This Matters Beyond the Headlines

Quantum computers are designed to process information exponentially faster than conventional supercomputers, with potential applications spanning drug discovery, financial modeling, logistics optimization, and cryptography. The technology has faced persistent skepticism around timelines — Nvidia CEO Jensen Huang suggested last year that practical quantum computers could be two decades away — but Thursday’s announcement carries a specific weight that speculation does not.

The US government has demonstrated through its CHIPS Act deployment that it does not take equity positions in technologies it considers speculative. The CEO of Infleqtion made that point directly Thursday, arguing that this level of federal commitment signals the technology is advancing faster than the broader market appreciates.

For small and microcap investors, that framing is the critical takeaway. Government equity validation in early-stage technology companies has historically served as a powerful de-risking signal that accelerates institutional interest and compresses the timeline to commercialization. Several of the quantum computing companies receiving funding today were, as recently as 18 months ago, viewed primarily as speculative bets.

Thursday’s announcement reframes that narrative — and the market reaction suggests investors are adjusting their positioning accordingly.

Nvidia Just Reported the Most Profitable Quarter in Semiconductor History — the Downstream Effects Are Just Starting

Posted on May 21, 2026May 21, 2026 by [email protected]

The numbers Nvidia posted Wednesday evening after the closing bell were not just a beat — they were a redefinition of what a technology company can generate in a single quarter. Record revenue of $81.6 billion, up 85% year over year. Data center revenue of $75.2 billion, up 92%. Net income of $58.3 billion — a 211% increase from a year ago. Non-GAAP earnings per share of $1.87, clearing the $1.77 consensus estimate. Gross margins held at 75% despite a simultaneous transition between two major chip architectures.

And then came the guidance. Nvidia is projecting $91 billion in revenue for the current quarter — well above the $87 billion Wall Street consensus and comfortably ahead of the highest whisper numbers circulating before the print. The company announced a new $80 billion share repurchase authorization and returned approximately $20 billion to shareholders through buybacks and dividends in the quarter alone.

Nvidia’s stock rose modestly after hours, a reflection not of disappointment but of a market that had already priced in excellence and received confirmation.

What’s Driving It

The engine behind the numbers is Blackwell — Nvidia’s current generation AI chip architecture that now drives the majority of data center compute revenue. Blackwell 300 products ramped aggressively in the quarter, and Nvidia’s networking solutions — including InfiniBand, Spectrum-X Ethernet, and NVLink — posted networking revenue growth of 64% sequentially as AI factories scaled their interconnect infrastructure.

Nvidia also launched the Vera Rubin platform during the quarter — its next-generation architecture purpose-built for agentic AI workloads. The Vera CPU is described as the world’s first processor designed specifically for AI agents, with first deployments expected at Amazon Web Services, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and CoreWeave in the second half of 2026. At its March GTC conference, CEO Jensen Huang projected that Blackwell and Vera Rubin combined would generate $1 trillion in revenue across 2026 and 2027. Wednesday’s results do nothing to undermine that projection.

Notably, Nvidia’s Q2 guidance explicitly excludes any data center compute revenue from China — the H20 export restrictions imposed in April remain fully in effect — making the $91 billion outlook that much more significant.

The Small and Microcap Read-Through

For investors operating below the $2 billion market cap threshold, Nvidia’s quarter is not just a large-cap story. It is a forward demand signal for an entire ecosystem of smaller companies.

The top five hyperscalers — Amazon, Microsoft, Google, Meta, and Oracle — are now expected to nearly double their capital expenditure spending in 2026, a significant revision upward from prior estimates of 62% year-over-year growth. That level of infrastructure commitment does not get executed through Nvidia alone. It flows through hundreds of suppliers, component manufacturers, and technology providers operating at every layer of the AI buildout stack.

Smaller companies in specialty semiconductor materials, advanced cooling systems, power infrastructure, optical networking components, and AI-optimized software are direct downstream beneficiaries of a sustained hyperscaler capex cycle. Many of those companies sit well below the $2 billion market cap threshold and have yet to see their valuations reflect the demand environment Nvidia’s results just confirmed.

The AI infrastructure buildout is not slowing. Wednesday night’s print made that case with $81.6 billion worth of evidence.

Release – SKYX Signs a Licensing Agreement for Its Advanced Technologies with U.S., Canada, and Global Leading Lighting Company Eurofase

Posted on May 20, 2026May 20, 2026 by [email protected]

Research News and Market Data on SKYX

May 20, 2026 08:45 ET | Source: SKYX Platforms Corp.

The New Licensing Agreement Expands SKYX’s Go-To-Market Channels as It Continues to Grow Its Market Penetration with Builders, Hotels, and Retail Segments

Eurofase Operates Globally with a Manufacturing and Distribution Network Spanning U.S., Canada, Europe, and Asia with Advanced Lighting Applications for Buildings, Hotels, Residential and Commercial Segments

SKYX’s Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, Among Others

MIAMI, May 20, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), an award winning highly disruptive advanced smart home and AI 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 announced it signed a licensing agreement with U.S, Canada, and global leading lighting company Eurofase.

This licensing agreement further validates SKYX’s vast U.S. and global B2B go-to-market opportunities including builder, hotel, and residential segments. SKYX technologies reduce up to 90% of time and cost of hotel and building renovations and new build installations. SKYX will work together with Eurofase on their vast builder, hotel, residential and commercial segments.

For over 30 years Eurofase has set the benchmark for luxury lighting and architectural systems as well as advanced heating solutions. Eurofase operates globally with a manufacturing and distribution network spanning the U.S., Canada, Europe, and Asia. Eurofase’s commitment to exceptional design and craftsmanship transforms spaces and inspires limitless design possibilities for buildings, hotels, residential and commercial applications.

Eurofase is known as a trusted partner to contractors, architects, and designers offering a diverse range of high-quality, innovative lighting and heating products tailored for commercial, residential and hospitality applications.

SKYX Signs a Licensing Agreement for Its Advanced Technologies with U.S., Canada, and Global Leading Lighting Company Eurofase

SKYX’s Advanced Ceiling Electrical Outlet/Receptacle Technology

Zack Sharon, Senior Vice President of Sales & Product Management of Eurofase Lighting, said; “We are very excited to license SKYX’s disruptive and cutting-edge technologies for buildings, hotels, and homes. We intend to introduce SKYX technologies to our vast range of B2B customers comprising our builder and hotel segments, as well as during our upcoming trade shows including the June 9/10, 2026, Hotel and Cruise Ship Expo in Miami. The cutting-edge and significant time and cost saving aspects provided by SKYX’s technologies are key elements in enhancing safety and advancing hotel and building standards and will assist Eurofase gain even a stronger footprint within our hospitality segment.”

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said; “We are excited to sign a licensing agreement with U.S., Canada and global leading lighting company Eurofase. This licensing agreement fits well with our strategy to expand our go to market channels in the U.S. and globally. We look forward to working together with Eurofase on their vast builder, hotel, residential and commercial segments.”

For more information about Eurofase click here: www.eurofase.com

For more information about SKYX click here: www.skyx.com

About SKYX Platforms Corp.

As 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 home and AI 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.

Investor Relations Contacts:

Jeff Ramson
PCG Advisory
[email protected]

Ronald A. Both
Encore Investor Relations
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9094a014-256d-490f-898f-a839dc365587

SpaceX Is Targeting the Largest IPO in History

Posted on May 20, 2026May 20, 2026 by [email protected]

The IPO market is about to face its most consequential test in decades. SpaceX, Elon Musk’s aerospace, satellite, and artificial intelligence conglomerate, is targeting a June 12 Nasdaq debut under the ticker SPCX — aiming to raise as much as $75 billion at a valuation approaching $1.75 trillion. If it prices at that level, it would shatter Saudi Aramco’s 2019 record of $35.4 billion as the largest initial public offering ever completed.

The timeline is now concrete. SpaceX is expected to file its S-1 prospectus publicly this week, with a roadshow scheduled to begin June 4 and share pricing targeted for June 11. A 5-for-1 stock split is completing by May 22, adjusting the internal per-share value from $526.59 to approximately $105.32 — a move widely interpreted as lowering the entry price ahead of listing to broaden retail accessibility. Musk has reportedly directed that up to 30% of IPO shares be reserved for individual investors, an unusually high retail allocation for a deal of this magnitude.

What SpaceX Actually Is Now

SpaceX merged with Musk’s AI venture xAI in February, creating a combined entity that now encompasses the Falcon 9 rocket program, the Starlink satellite internet service, the Starship development program, and xAI’s artificial intelligence platform. The company generated between $15 billion and $16 billion in revenue in 2025, with Starlink — which now serves more than 9 million users globally — serving as the primary growth engine. At the targeted $1.75 trillion valuation, the deal implies a revenue multiple of approximately 109 to 116 times trailing sales — a figure that reflects growth expectations rather than current fundamentals.

BlackRock is reportedly in discussions to invest between $5 billion and $10 billion in the offering, which would represent one of the largest anchor commitments in IPO history. The deal’s dual-class share structure will preserve Musk’s voting control following the listing.

The Context: A Record That Puts Everything Else in Perspective

SpaceX’s targeted raise of $75 billion is more than double Aramco’s record. It is more than the combined IPO proceeds of the ten largest US technology listings in the past decade. The valuation of $1.75 trillion would immediately place SPCX among the ten most valuable publicly traded companies in the world on its first day of trading.

The deal follows Cerebras Systems’ blockbuster Nasdaq debut last week, which saw shares surge nearly 90% on the first day of trading and briefly pushed the company’s market cap above $100 billion. That listing, itself the largest US tech IPO since Uber in 2019, now looks like a warm-up act.

What It Means for Smaller Investors and the Broader Market

For small and microcap investors the SpaceX IPO is relevant on two levels. First, the deal’s scale and the retail allocation represent a genuine opportunity for individual investors to participate in a listing that institutional capital will compete aggressively to access. Second, a successful SpaceX debut at or near the targeted valuation would validate the current wave of AI and space technology investment theses — and create a rising tide for smaller companies operating in adjacent spaces.

Domestic satellite technology providers, aerospace component manufacturers, launch infrastructure companies, and AI hardware suppliers in the sub-$2 billion market cap range have historically seen multiple expansion in the wake of high-profile sector listings. SpaceX going public at $1.75 trillion would be the most powerful sector validation signal the space and AI technology markets have ever received.

OpenAI and Anthropic are both reportedly preparing IPO filings for later in 2026. The window is open and the market is paying attention.

Release – Bitcoin Depot Initiates Voluntary Chapter 11 Process to Facilitate an Orderly Wind-Down and Sale of the Company’s Assets

Posted on May 18, 2026May 18, 2026 by [email protected]

Research News and Market Data on BTM

May 18, 2026 12:14 AM EDTDownload as PDF

ATLANTA, May 18, 2026 (GLOBE NEWSWIRE) — Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced that it has initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas to effect an orderly wind-down of the Company’s operations and facilitate a sale of its assets.

“Over time, the Company has continued to strengthen its protocols and procedures to combat fraud and protect the customers who use its BTMs, including enhanced identity verification, customer fraud warnings, and its more recent adoption of lower transaction limits for its customers,” said Alex Holmes, CEO of Bitcoin Depot. “Nevertheless, the regulatory environment for BTM operators has shifted significantly: states have imposed increasingly stringent compliance obligations, including new transaction limits, and in some jurisdictions, outright restrictions or bans on BTM operations; and operators have faced increasing litigation and regulatory enforcement. These developments have materially affected Bitcoin Depot’s business and financial position. Under these circumstances, the Company’s current business model is unsustainable.”

Holmes continued, “After evaluating all options, we determined to initiate this court-supervised process to facilitate an orderly wind-down of operations and a sale of the Company’s assets. We are grateful to our customers, suppliers, and business partners for their support. I also want to thank our employees across the globe for their continued hard work and dedication.”

The Company’s network of BTMs has been taken offline. Bitcoin Depot has filed a number of customary “first day” motions with the Court.

The Company’s Canadian entities are included in the U.S. Court-supervised process and it expects to commence restructuring proceedings in Canada in due course. The Company’s other non-U.S. entities will be winding down under applicable foreign law.

Court filings and other information related to the proceedings are available through the Company’s claims agent at https://restructuring.ra.kroll.com/bitcoindepot, by calling the restructuring hotline at (844) 339-4117 (Toll-Free US/Canada) / + 1 (332) 232-7827 (International) or emailing [email protected].

Vinson & Elkins LLP is serving as legal advisor, Portage Point Partners is serving as restructuring advisor, and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to Bitcoin Depot.

About Bitcoin Depot

Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The Company has the largest market share in North America and operates over 9,000 kiosk locations globally as of August 2025. Learn more at www.bitcoindepot.com.

Contacts

Investors

Gateway Group, Inc.
949-574-3860
[email protected]

Media

Michael Freitag / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

Gateway Group, Inc.
[email protected]

Source: Bitcoin Depot Inc.

Released May 18, 2026

Publicis Drops $2.5 Billion on LiveRamp — Why the Ad Giant Just Made Data Its Most Valuable Asset

Posted on May 18, 2026May 18, 2026 by [email protected]

The advertising industry’s M&A playbook just got rewritten. French media and communications giant Publicis Groupe announced Sunday it has entered into a definitive agreement to acquire LiveRamp Holdings (NYSE: RAMP), a San Francisco-based data collaboration platform, in an all-cash deal valued at $2.546 billion in total equity value — or approximately $2.167 billion on an enterprise value basis after accounting for LiveRamp’s net cash position of $379 million.

The offer price of $38.50 per share represents a 30% premium to LiveRamp’s closing price of $29.66 on May 15, the last trading session before the announcement. RAMP shares surged more than 26% Monday morning on the news, one of the largest single-day moves in the company’s history.

The Deal at a Glance

LiveRamp operates a global data collaboration platform that helps companies connect, control, and activate their first-party data across marketing ecosystems — essentially serving as the connective tissue between brands, publishers, and data partners in an era where third-party cookies are dead and privacy regulations have made clean data infrastructure a competitive necessity. For the fiscal year ended March 31, 2026, LiveRamp posted total revenue of $813 million, up 9% year over year, with annualized recurring revenue reaching $545 million — up 8%.

Both companies’ boards unanimously approved the transaction. LiveRamp will continue operating as a standalone business following the close, with CEO Scott Howe remaining in place and reporting directly to Publicis Chairman and CEO Arthur Sadoun. The deal is expected to close before year-end 2026, subject to regulatory approvals and a LiveRamp shareholder vote.

Why Publicis Wants This — and Why It Matters

Publicis has been one of the most acquisitive players in marketing technology over the past several years, systematically building out a data and AI services stack to differentiate itself from legacy agency competitors. The LiveRamp acquisition is framed internally as a bet on the agentic AI era — the next phase of AI deployment where autonomous agents need clean, permissioned, interoperable data to execute decisions at scale. LiveRamp’s infrastructure sits directly in that critical path.

For Publicis, this is about owning the data layer rather than just accessing it. As AI-driven marketing automation accelerates, the companies that control how data flows between brands and platforms hold significant structural leverage. At $2.167 billion enterprise value, the acquisition values LiveRamp at roughly 2.7x trailing revenue — a reasonable multiple for a high-margin, recurring-revenue data business with demonstrated growth in a market that is consolidating fast.

The Signal for Small and Microcap Investors

LiveRamp’s exit is a textbook example of what strategic acquirers are willing to pay for in the current environment: recurring revenue, clean data infrastructure, and a platform that becomes more valuable as AI workloads scale. That combination is commanding meaningful premiums.

For investors in the sub-$2 billion data, martech, and AI-adjacent software space, this deal is worth studying closely. As large enterprises accelerate their AI buildouts, the demand for best-in-class data collaboration tools, identity resolution platforms, and first-party data infrastructure is only growing — and the number of independent companies built to serve that need is shrinking. M&A activity in this space is not slowing down.

LiveRamp built something the market needed. Publicis just put a $2.5 billion price tag on exactly what that’s worth.

Cerebras Systems Explodes Out of the Gate — What the Biggest AI IPO Since Uber Means for the Market

Posted on May 15, 2026May 15, 2026 by [email protected]

The AI investment frenzy has a new benchmark. Cerebras Systems (Nasdaq: CBRS), a Silicon Valley-based AI chipmaker and direct Nvidia competitor, made its long-awaited public debut Thursday in the largest US tech IPO since Uber went public in 2019 — and the market response was emphatic.

The company priced its shares at $185 Wednesday evening, already well above a marketed range that had been revised higher twice due to surging investor demand. By Thursday morning, shares opened at $350 — nearly 90% above the IPO price — briefly surged past $385, and settled into mid-afternoon trading around $300 to $325. At its opening price, Cerebras carried a fully diluted market valuation exceeding $100 billion.

The Numbers Behind the Debut

Cerebras sold 30 million shares, raising $5.55 billion — nearly 60% more than its initial target. The offering was reported to have drawn orders for more than 20 times the available shares. If underwriters exercise their option on an additional 4.5 million shares, total proceeds could reach approximately $6.4 billion. For context, the company was valued at just $8.1 billion eight months ago. That kind of re-rating in under a year is not a routine event.

What Cerebras Actually Does — and Why It Matters

Founded in 2016, Cerebras built its reputation around a wafer-scale engine — a chip roughly the size of a dinner plate — designed specifically to accelerate AI training and inference workloads. The architecture was engineered to address limitations in traditional GPU-based systems when running large-scale AI models. The company has shifted its business model this year toward a cloud-based delivery approach, competing directly with infrastructure providers including Google, Microsoft, Oracle, and CoreWeave.

The pivot also resolved one of the central concerns that caused Cerebras to withdraw its original IPO filing in late 2025: excessive customer concentration. At the time, a single customer — UAE-based G42, backed by Microsoft — represented 85% of revenue. In Thursday’s offering, that figure had dropped to 24%, with new enterprise deals signed with Amazon and OpenAI diversifying the revenue base significantly.

The company also swung to a $237.8 million net profit compared to a loss of nearly half a billion dollars the prior year.

The Ripple Effect for Smaller AI Plays

The Cerebras debut isn’t just a headline event — it’s a sentiment accelerator. The Philadelphia Semiconductor Index has already climbed 66% in 2026, and Thursday’s IPO is expected to open the floodgates for what could be a wave of major AI listings. SpaceX — which merged with xAI earlier this year — is preparing for a share sale, and both OpenAI and Anthropic are reportedly eyeing public offerings later in 2026.

For small and microcap investors, the signal is clear: institutional capital is flowing hard into AI infrastructure, and the secondary effects typically follow. Smaller companies in AI hardware supply chains, edge computing, data center cooling, and specialized semiconductor materials have historically seen multiple expansion in the wake of high-profile sector IPOs. Cerebras just lit the match.

The IPO market for AI is officially open. The question now is who comes next — and how much room is left on the runway.

AI Trade Reignites, Dow Reclaims 50,000 — What the Market Reset Means for Small and Microcap Investors

Posted on May 14, 2026May 14, 2026 by [email protected]

US equity markets surged Thursday as a convergence of catalysts — a thawing US-China trade relationship, renewed AI momentum, and better-than-expected corporate earnings — pushed major indices to milestone levels not seen in months.

The Dow Jones Industrial Average climbed back above 50,000 for the first time since February, rising roughly 450 points on the session. The S&P 500 crossed 5,700 and the Nasdaq Composite advanced approximately 1%, fueled largely by a sharp rally in Nvidia shares after the US government approved sales of its H200 chips to select Chinese firms.

The AI Trade Is Back — and It Has Teeth

Nvidia’s stock jumped more than 4% on the chip sales approval news, but the broader implication for investors is more significant than a single-day move. The H20 and H200 chip sales to China had been a major overhang for AI-exposed names across the market cap spectrum. Their approval signals a shift in Washington’s posture — at least selectively — toward allowing AI hardware exports to flow into one of the world’s largest technology markets.

For small and microcap investors, this matters. AI infrastructure spending at the enterprise and hyperscaler level creates downstream demand that flows through the supply chain — from specialty semiconductor materials and PCB manufacturers to data center cooling solutions and edge computing plays. Many of those companies sit well below the $2 billion market cap threshold. When the AI trade re-accelerates at the large-cap level, it has historically pulled forward activity in the smaller names that feed that ecosystem.

US-China Summit Adds Macro Tailwind

President Trump and Chinese President Xi Jinping opened a two-day summit Thursday, with both sides calling for improved ties. The meeting — attended by top US CEOs including Nvidia’s Jensen Huang, Tesla’s Elon Musk, and Apple’s Tim Cook — carries real implications for trade policy across sectors. Any meaningful reduction in tariff friction or expansion of technology trade frameworks could disproportionately benefit smaller US exporters and manufacturers who have faced margin pressure from supply chain disruptions and retaliatory tariff exposure.

The summit is still ongoing and outcomes remain fluid, but the market is clearly pricing in a more constructive tone.

Cisco’s Restructuring Has a Broader Message

Cisco shares soared Thursday after the company posted an earnings beat and announced an AI-focused restructuring that will eliminate roughly 4,000 positions. The move isn’t just a cost story — it’s a signal that legacy networking infrastructure is being repositioned around AI workloads. When large incumbents restructure toward AI, they typically shed non-core business lines and reduce focus on smaller verticals. That creates opportunity gaps that agile smaller companies can move into.

Retail Sales and Oil: The Inflation Watch Continues

April retail sales came in higher, boosted partly by elevated fuel prices tied to the ongoing Middle East conflict. The inflationary undertow remains a risk variable, particularly for consumer-facing small caps operating on thin margins. Investors should continue monitoring energy price movements as a potential headwind heading into Q2 earnings season.

Thursday’s rally is a reset, not a resolution. But for small and microcap investors, the underlying signals — AI demand returning, trade tensions easing, and large-cap restructuring creating white space — are worth watching closely.

Release – Conduent Reports Significantly Improved First Quarter 2026 Financial Results

Posted on May 12, 2026May 12, 2026 by [email protected]

Research News and Market Data on CNDT

May 11, 2026

Earnings/Financial

Key Q1 2026 Highlights

Revenue: $723M, down 3.7%. Growth in Government and Transportation segments
Pre-tax Income (Loss): $(27)M, improved by $29M year-over-year
Adj. EBITDA⁽¹⁾: $49M, improved by $12M year-over-year
Adj. EBITDA Margin⁽¹⁾: 6.8%, improved by 190 bps year-over-year
Cash flow from operating activities: $(8)M, improved by $50M year-over-year
New Business Signings ACV⁽²⁾: $114M, improved by $5M year-over-year

FLORHAM PARK, N.J., May 11, 2026 — Conduent Incorporated (Nasdaq: CNDT), a global technology driven business process solutions and services company, today announced its first quarter 2026 financial results.

Harsha V. Agadi, Chief Executive Officer, stated, “Q1 2026 marked the start of a rapid and sustainable transformation at Conduent. In the quarter we started to develop a comprehensive cost reduction and technology optimization strategy. In addition, we enhanced our go-to-market approach, all while driving an improvement in our operating model, achieving EBITDA margins of 6.8% for the quarter, and generated a significant year‑over‑year improvement in adjusted free cash flow. Looking ahead to 2027, we see a clear path to positive adjusted free cash flow and continued improvement in adjusted EBITDA.”

“We also took decisive steps to strengthen execution. In April, I streamlined leadership of our Commercial organization to sharpen accountability and accelerate decision‑making, aligning client relationships and sales execution under a simplified reporting structure that reports directly to me.”

“Portfolio optimization remains a critical pillar of our turnaround. I am extremely confident we will be able to reduce complexity, improve operating performance and continue to strengthen our balance sheet as we use proceeds to reduce debt.”

Agadi continued, “Our priorities are clear: accelerating execution, enforcing financial discipline, reducing our cost structure, optimizing the portfolio, converting pipeline into growth, and simplifying the organization. In Q1, we made meaningful, sustainable progress across each of these priorities, and we are building momentum as we move forward.”

Key Financial Q1 2026 Results

Performance Commentary
At the end of the first quarter of 2026, Conduent maintained a cash balance of $228 million along with $190 million of unused capacity under its credit facility.

Q1 2026 pre-tax income (loss) was $(27) million versus $(56) million in the prior year period. This improvement was primarily caused by the absence of the discrete event-related costs from the prior year.

Q1 2026 Adjusted EBITDA of $49 million and Adjusted EBITDA margin of 6.8% increased, respectively, versus the prior year.

Revenue benefited from continued strength in Government and Transportation, with Government up approximately $10 million and Transportation up approximately $3 million year‑over‑year, reflecting solid demand and execution across both segments.

Cash flow from operating activities increased by $50 million year‑over‑year, reflecting a clear improvement from the prior year period.

Sales momentum continued to strengthen, with New Business ACV of $114 million for the quarter and the qualified pipeline expanding to approximately $3.5 billion, up from $3.2 billion in the prior year period, reinforcing improved growth visibility.

Key Achievements and Industry Accolades

Business Execution & Contract Wins

Medicaid Enterprise Systems and Fiscal Agent Services renewal for up to 14 years, expanding a multi-decade partnership to modernize claims processing, finance, and customer operations
5-year Centralized Collections Processing Unit renewal for a state child support program, extending a 25+ year relationship and digital payment capabilities
Expanded relationships with 20–25+ year healthcare clients, including new geographies and additional lines of business across customer experience, payment integrity, and analytics

Industry Recognition & Market Positioning

Named a Leader in the 2026 Healthcare Payer Agility & Innovation NEAT Evaluation by NelsonHall, reflecting ability to deliver near-term value while supporting payer transformation
Named a Leader in the 2026 Healthcare Payer Intelligent Operations PEAK Matrix® Assessment by Everest Group, highlighting AI, automation, and platform-led capabilities
Named to the 2026 GovTech 100 list by Government Technology magazine and GovTech.com for the fifth consecutive year, recognizing leadership in improving digital government services

Thought Leadership & Ecosystem Partnerships

Co-authored “Humanizing Human Resources: The 2026 State of Experience in the New World of Work” with Mercer, showing that employees who feel valued and recognized drive higher satisfaction, engagement, and retention
Published findings from Conduent’s 2026 “Blueprint for Smarter Health” survey, highlighting employer challenges in balancing rising benefits costs with employee expectations, and the role of AI in addressing both concerns

Operational Excellence & Delivery

Customer Experience team in the Philippines received the Trailblazer Award from a leading telecommunications provider, recognizing proactive, data-driven customer engagement through social listening and outreach

FY 2026 and 2027 Outlook⁽³⁾

Conference Call
Management will present the results during a conference call and webcast on May 11, 2026 at 5:00 p.m. ET.

The call will be available by live audio webcast along with the news release and online presentation slides at https://investor.conduent.com/.

The conference call will also be available by calling 877-407-4019 toll-free. If requested, the conference ID for this call is 13760102.

The international dial-in is 1-201-689-8337. The international conference ID is also 13760102.

A recording of the conference call will be available by calling 1-877-660-6853 three hours after the conference call concludes. The replay ID is 13760102.

The telephone recording will be available until May 25, 2026

Non-GAAP Financial Measures
We have reported our financial results in accordance with accounting principles generally accepted in the U.S. (U.S. GAAP). In addition, we have discussed our financial results using non-GAAP measures. We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. Accordingly, we believe it is necessary to adjust several reported amounts, determined in accordance with U.S. GAAP, to exclude the effects of certain items as well as their related tax effects. Management believes that these non-GAAP financial measures provide an additional means of analyzing the results of the current period against the corresponding prior period. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, our reported results prepared in accordance with U.S. GAAP. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable U.S. GAAP measures and should be read only in conjunction with our Consolidated Financial Statements prepared in accordance with U.S. GAAP. Our management regularly uses our non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. Providing such non-GAAP financial measures to investors allows for a further level of transparency as to how management reviews and evaluates our business results and trends. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures. Refer to the “Non-GAAP Financial Measures” and “Non-GAAP Reconciliations” sections attached to this release for a discussion of these non-GAAP measures and their reconciliation to the reported U.S. GAAP measures.

Forward-Looking Statements
This press release, any exhibits or attachments to this release, and other public statements we make may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “expectations,” “in front of us,” “plan,” “intend,” “will,” “aim,” “should,” “could,” “forecast,” “target,” “may,” “continue to,” “looking to continue,” “endeavor,” “if,” “growing,” “projected,” “potential,” “likely,” “see,” “ahead,” “further,” “going forward,” “on the horizon,” “as we progress,” “going to,” “path from here forward,” “think,” “path to deliver,” “from here,” “on track,” “remain” and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact included in this press release or any attachment to this press release are forward-looking statements, including, but not limited to, statements regarding our financial results, condition and outlook; changes in our operating results; general and market and economic conditions; and our projected financial performance, including all statements made under the section captioned “FY 2026 and Mid-Term Outlook” within this release. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make.

Important factors and uncertainties that could cause our actual results to differ materially from those in our forward-looking statements include, but are not limited to: government appropriations and termination rights contained in our government contracts, the competitiveness of the markets in which we operate and our ability to renew commercial and government contracts, including contracts awarded through competitive bidding processes; our ability to recover capital and other investments in connection with our contracts; the impact of geopolitical events and geopolitical tensions (such as the war in Ukraine and conflict in the Middle East), macroeconomic conditions, natural disasters and other factors in a particular country or region on our workforce, customers and vendors; our reliance on third-party providers; our ability to deliver on our contractual obligations properly and on time; changes in continued interest in outsourced business process services; the adverse effect of claims of infringement of third-party intellectual property rights; our ability to estimate the scope of work or the costs of performance in our contracts; the loss of key senior management and our ability to attract and retain necessary technical personnel and qualified subcontractors; our failure to develop new service offerings and protect our intellectual property rights; our ability to modernize our information technology infrastructure and consolidate data centers; expectations relating to environmental, social and governance considerations; utilization of our stock repurchase program; the effects related to our use of artificial intelligence on our business; the failure to comply with laws relating to individually identifiable information and personal health information; the failure to comply with laws relating to processing certain financial transactions, including payment card transactions and debit or credit card transactions; breaches of our information systems or security systems or any service interruptions; risks related to hacking or other cybersecurity threats to our data systems, information systems and network infrastructure and other service interruptions, including relating to the previously disclosed cyber event that took place in January 2025 (the “January 2025 Cyber Event”), including Conduent’s investigation of such incident and mitigation and remediation efforts, the nature and extent of such incident, the potential disruption to our business or operations, the potential impact on Conduent’s reputation, and Conduent’s assessments of the likely financial and operational impacts of such incident; our ability to comply with data security standards; developments in various contingent liabilities that are not reflected on our balance sheet, including those arising as a result of being involved in a variety of claims, lawsuits, investigations and proceedings; risks related to divestiture transactions, including but not limited to the Company’s ability to realize the benefits anticipated from such transactions, and unexpected costs or liabilities in connection with such transactions, the impact of potential goodwill and other asset impairments on our results of operations; our significant indebtedness and the terms of such indebtedness; our failure to obtain or maintain a satisfactory credit rating and financial performance; our ability to obtain adequate pricing for our services and to improve our cost structure; our ability to collect our receivables, including those for unbilled services; a decline in revenues from, or a loss of, or a reduction in business from or failure of significant clients; fluctuations in our non-recurring revenue; increases in the cost of voice and data services or significant interruptions in such services; our ability to receive dividends or other payments from our subsidiaries; and other factors that are set forth in the “Risk Factors” section, the “Legal Proceedings” section, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section and other sections in our 2025 Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this release speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law.

View full release here.

Media Contacts

Sean Collins

Conduent

[email protected]

+1-310-497-9205

Joshua Overholt

Conduent

[email protected]

SKYX Platforms (SKYX) – First Look Into 1Q26 Results

Posted on May 12, 2026May 12, 2026 by [email protected]

Tuesday, May 12, 2026

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Overview. The first quarter of 2026 was the 9th consecutive quarter of year-over-year revenue growth, with the quarter generating record revenue for the Company. SKYX is continuing its growth despite the slow new-build market that is affecting smart home, lighting, and home decor segments. This bodes well for when the markets eventually turn, in our view.

1Q26 Results. Record 1Q26 revenue of $22.1 million, up 9.8% over 1Q25 revenue of $20.1 million. Gross margin improved 160bp to 30% from 28.4% in the year-ago period. Net loss of $9.5 million was up slightly from a net loss of $9.3 million in 1Q25, driven by higher G&A expenses, although on a per share basis, net loss declined to $0.07 from $0.09. Adjusted EBITDA was a negative $3.8 million in 1Q26 compared to a negative $3.6 million last year.

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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.

Release – SKYX Reports 9 Consecutive Quarters of Growth YoY with 10% Increase and Record Revenues for Q-1 2026 with $22 Million Compared to $20 Million in Q-1 2025 as It Continues to Grow Its Market Penetration

Posted on May 11, 2026May 11, 2026 by [email protected]

Research News and Market Data on SKYX

May 11, 2026 16:05 ET | Source: SKYX Platforms Corp.

SKYX Reports over $32 Million in Cash and Cash Equivalents as of March 31, 2026, Management Believes It Has Sufficient Cash to Achieve Its Goals Including Becoming Cash Flow Positive in 2026

Gross Profit Continues to Improve with 16% Increase to $7.0 Million in Q-1 of 2026 Compared to $6 Million in Q-1 2025

Gross Margin Continues to Improve to 30% in Q-1 2026 from 28% in Q-1 2025

SKYX Entered into a Strategic Partnership Agreement with Prominent European Hotel and Real Estate Developer Group OTT, to Deploy Its Advanced Smart and AI Platform Technologies as a Brand Standard Throughout Its Hotels and Buildings. Group OTT Has Developed Over 250 Hotels and Buildings Across Europe

In May 2026 SKYX Announced It Will Deploy Its Advanced and Smart Technologies to Its First European Hotel During a Master Renovation of an Historical Architectural Preservation Hotel, The Grand Hotel du Parc (formerly The Grand Medicis Hotel), in La Bourboule, France

SKYX Signed Additional Agreement with Group OTT Heritage Hospitality Group to Deploy and Market Its Technologies to Vast European Hotel Market of Over 132,000 Hotels

SKYX Technologies Reduces Up to 90% Time and Cost of Buildings and Hotel Renovation/Installations or New Build and is Continuing Discussions with Additional Hotel Groups and Owners Regarding Utilization of its Game-Changing Advanced and Smart Platform Technologies

SKYX Is Expected to Supply Its Advanced Smart Home Technologies to Upcoming and Future Key Projects in the U.S. and Globally, Including New York, North Carolina, Austin, San Antonio, South Florida (Including Miami’s New $4 Billion Smart City), Europe, Saudi Arabia, and Egypt

SKYX Is Expected to Deploy Over 1-Million Units of Its Products including Its Advanced Smart Home Plug-and-Play Technologies During These Projects and to Over 100,000 Units/Homes by the End of 2026 Through Its Pro and Retail Segments

Despite Warmer Weather, SKYX’s Sales of Its Patented Turbo Heater Fan are Continuing to Grow and Company Will Be 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

In Q-1 SKYX Announced Beginning of Its Collaboration with NVIDIA AI Ecosystem Connect Program, Expecting to Grow Its Collaboration with NVIDIA into Future Smart Home Projects

SKYX’s Technology Expansion Provides Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, AI Services, Monitoring, Subscriptions, and More

SKYX’s Enhanced Safety Code Standardization Team Continues Its Progress Toward Its Goal of a Safety-Mandated Standardization in Homes/Buildings of Its Life-Saving Ceiling Outlet/Receptacle Technology

MIAMI, May 11, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive advanced smart home and AI platform technology company with over 100 pending and issued patents globally and 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today reported its financial and operational results for the first quarter ended March 31, 2026.

SKYX will hold a conference call today, May 11, 2026, at 4:30 pm, Eastern Time, to discuss the results. See below for dial-in information.

First Quarter 2026 Highlights and Recent Events

Generated its greatest increase in YoY revenues of 10% with record $22 million in revenues in first quarter of 2026 compared to $20 million for the first quarter of 2025.
Reporting 9 consecutive YoY quarters of growth.
As of March 31, 2026, Company reported $32 million in total cash, cash equivalents, and restricted cash compared to $10 million as of December 31, 2025.
SKYX’s continues to leverage the rapid conversion of its e-commerce sales into cash, advancing it cash position often referred to as the “Dell Working Capital Model”, lowering its cost of capital.
Management believes it has sufficient cash to achieve its goals including becoming cash flow positive exiting 2026.
The gross profit for the first quarter ending March 31, 2026, increased comparatively by 16% to $7 million, compared to the first quarter ending March 31, 2025.
The gross margin for the first quarter ending March 31, 2026, increased comparatively by 2% to 30%, compared to 28% in the first quarter ending March 31, 2025.
Net loss per share decreased by $0.02 to $0.07 per share in the first quarter of 2026 compared to $0.09 in the first quarter of 2025. Adjusted EBITDA loss per share, a non-GAAP measure, decreased to $0.03 per share in the first quarter of 2026, as compared to $0.04 per share, in the first quarter of 2025.

Builder / Hotel Segments and General Market Acceptance

SKYX is continuing its significant progress with the hotel and builder segments.
SKYX technologies reduces up to 90% time and cost of buildings and hotel renovations/ installations or new build and is continuing discussions with additional developers, hotel groups and owners regarding utilization of its game-changing advanced and smart platform technologies.
Company entered into a strategic partnership agreement with prominent European hotel and real estate developer, Jean-François Ott, Founder of Group OTT, to deploy Its advanced and smart electrical technologies as a brand standard throughout its hotels and buildings.
Over the past 35 years Group OTT have developed more than 250 hospitality, residential, and commercial buildings valued at over $4 billion throughout Europe.
In May 2026 SKYX announced it will deploy its advanced and smart technologies to its first European hotel during a master renovation of an historical architectural preservation hotel, The Grand Hotel du Parc (formerly The Grand Medicis Hotel), in La Bourboule, France.
SKYX has signed an additional agreement with OTT Heritage Hospitality group to deploy and market its technologies to the vast European hospitality market of more than 132,000 hotels.
During the course of this additional agreement, OTT Heritage Hospitality expects to market and deploy SKYX’s disruptive technologies into hundreds of European hotels, buildings, and developments. Approximately 124,000 hotel rooms are projected to open in Europe in 2026, with over 250,000 additional rooms in the industry-wide development pipeline.
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.
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; Europe; 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.
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.
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.

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’s technologies expansion provides additional opportunities for future recurring revenues through interchangeability, upgrades, AI services, monitoring, subscriptions, and more.
SKYX will be launching a new AI-driven system and infrastructure 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.

Financing Highlights

SKYX cash, cash equivalents and restricted cash increased to $32 million as of March 31, 2026, as compared to $10 million as of December 31, 2025, as we raised $29 million in straight equity, with no warrants during January 2026 through two fundamental institutional investors, $25 million at $2.50 per share with $4 million at $2.00 per share.
In 2025 we extended and converted $13.5 million in notes coming due with maturity out to 5 years until 2030.

Safety Standardization Mandatory Code and Insurance Exposure

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.
The Company strongly believes its products can save insurance companies many billions of dollars annually by minimizing risks (e.g., reducing fires, ladder fall injuries, and electrocutions). Management expects that insurance companies will use the Company’s range and variations of its safe advanced plug & play products to reduce its exposure and minimize its risks.

First Quarter 2026 Financial Results

The Company’s financial statements for the quarter ended March 31, 2026, are filed with the SEC and are available on the Company’s investor relations website. https://ir.skyplug.com/sec-filings/

Management Commentary

Company’s Management, Board members, and Senior Advisors include former CEO’s and executives from Fortune 100 companies including Nielsen, Microsoft, Disney, GE, Home Depot, Office Depot, Chrysler, among others.

The Company is trending positively, generating record first quarter 2026 revenues of $22 million as compared to $20 million for the first quarter of 2025, a gross profit for the first quarter ending March 31, 2026, increasing comparatively by 16% to $7 million, compared to the first quarter ending March 31, 2025 and a gross margin for the first quarter ending March 31, 2026, increasing comparatively by 2% to 30%, compared to 28% in the first quarter ending March 31, 2025. We believe our positive trends will accelerate going into 2026 as we build out and execute on our channel strategy.

We are encouraged by the recently announced initiatives where we could supply hundreds of thousands of units in Europe, the Middle East including Saudi Arabia and Egypt, the $4 billion mixed-use smart city development in the Little River District in the heart of Miami, and projects in Pittsford, New York; North Carolina; Austin, Texas; and San Antonio, Texas. We continue to address the builder/commercial segments, large online and brick-and-mortar retail partners as well as our future potential to realize incremental licensing, subscription, and AI/data aggregation revenues.

Furthermore, our e-commerce website platform with 60 websites enhances the acceleration of marketing and distribution channels, collaborations, licensing, and sales to both professional and retail segments. Our websites include banners, videos, and educational materials regarding the simplicity, cost savings, time-saving, and life-saving aspects of the Company’s patented technologies.

We have accelerated our pace of sales and strategic initiatives with a robust gross margin profile, notably reducing the adjusted EBITDA loss of SKYX on a comparative quarterly basis. Our e-commerce platform with 60 websites is expected to continue to provide additional cash flow to the Company.

About SKYX Platforms Corp.

As 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 smart home and AI 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://skyplug.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 First-party platforms or technologies; 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, including recent measures adopted by the federal government, 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 and amortization expense 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
[email protected]

Ronald A. Both
Encore Investor Relations
[email protected]

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 – Q1 2026 Corporate Update Call

Date: Monday, May 11, 2026
Time: 4:30 p.m. Eastern Time
U.S./Canada Toll-Free: 1-877-407-0792
International: 1-201-689-8263

Call me™ Link for Instant Telephone Access:
https://callme.viavid.com/viavid/?callme=true&passcode=13760591&h=true&info=company&r=true&B=6

Webcast Link: https://viavid.webcasts.com/starthere.jsp?ei=1762924&tp_key=b91980d74a

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A replay of the call will be available through June 11, 2026. To access the replay, please dial 1-844-512-2921 within the United States and Canada or 1-412-317-6671 internationally and enter Access ID 13760591.

A webcast replay will also be available at the following link:
https://viavid.webcasts.com/starthere.jsp?ei=1762924&tp_key=b91980d74a