Skkynet Cloud Systems Inc., headquartered in Mississauga, Canada, reported its financial results for the quarter ending July 31, 2025. The company experienced a 28% decrease in revenue for the second quarter compared to the same period in 2024, primarily due to fewer individual software orders and increased subscription license revenue. For the three and nine month periods ended July 31, 2025, revenue was $482,682 and $1.897 million, respectively, compared to $666,359 and $1.899 million for the same periods in 2024, marking a less than 1% decrease in revenue for the nine-month period. The company noted that subscription revenue accounted for 12% of sales or $224,730 during the nine months ended July 31, 2025, up from 2% or $47,336 in 2024. Operating expenses were $535,085 for the three-month period and $1.946 million for the nine-month period ended July 31, 2025, compared to $556,274 and $1.952 million in 2024. Skkynet operates through its wholly owned subsidiaries Cogent Real-Time Systems, Inc., Skkynet, Inc., and Skkynet Corp., focusing on delivering software and systems for real-time information processing and distribution in the Industrial Internet of Things market. The company did not provide specific guidance or outlook in the report.