Skkynet Cloud Systems Inc.
0.5900+0.02 (+3.51%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · SKKY · USD
Key Stats
Market Cap
31.35MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Skkynet Cloud Systems posted Q3 FY2025 revenue of $482,682, down 28% y/y from $666,359 but stable YTD at $1,897,446 versus $1,898,701 last year. Operating loss widened to $52,403 from income of $110,085 y/y, driven by fewer software orders offset by rising subscription licenses now at 12% of sales; YTD loss narrowed slightly to $48,859 from $53,632. Net loss to common stockholders hit $18,353, or $(0.00) per diluted share on 53,143,822 shares, versus income of $118,813 last year, with the gap tied to lower revenue and $13,631 bad debt expense. Cash climbed to $1,352,883, fueled by $203,449 operating cash flow. No debt burdens the balance sheet. Revenue relies on resellers for over half. Customer concentration risks persist.
8-K
Board appoints automation expert
Skkynet Cloud Systems appointed Gary Tillery to its board on June 18, 2025, effective immediately, with his term expiring at the next annual stockholder meeting. Tillery, ex-Sr. Director of Strategic Portfolio Partners and M&A at AVEVA, adds 35 years in automation software and system integration. He gets standard non-executive director pay and stock options. This bolsters board expertise for future business planning.
10-Q
Q2 FY2025 results
Skkynet Cloud Systems posted Q2 FY2025 revenue of $585,712, down 2.7% y/y but reflecting order timing after a strong Q1, while six-month revenue climbed 14.8% y/y to $1,414,764 on sales and marketing gains. Operating loss narrowed to $194,693 from $202,182 y/y, with six-month operating income flipping to $3,544 from a $163,826 loss, as product sales (69% of revenue) drove growth across Europe (39%) and North America (37%). Net loss to common stockholders hit $230,628, wider than $169,408 y/y due to $26,673 currency exchange losses and $13,474 bad debt expense. Cash from operations held steady at $100,616 for the half-year, bolstering $1.25M cash reserves with no debt. Revenue relies on a handful of resellers. Options dilute shares, but none exercised yet.
8-K
New Chairman Appointed
Skkynet Cloud Systems appointed John Adiletta as Chairman of the Board on March 13, 2025, effective immediately, following Andrew Thomas's resignation from that role while he stays on as CEO and Director. Adiletta, a board member since 2014 with audit committee experience, steps up to guide future business planning. This shift bolsters leadership continuity amid strategic evolution.