<a href="https://laohu8.com/S/SKKY">Skkynet Cloud Systems Inc.</a> Reports 28% Decrease in Quarterly Revenue; Subscription Revenue Rises to 12% of Sales
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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skkynet Cloud Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-006754), on September 15, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.