Skkynet Cloud Systems, Inc. Reports Earnings Results for the Second Quarter Ended April 30, 2020
June 10, 2020 at 08:10 am EDT
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Skkynet Cloud Systems, Inc. announced earnings results for the second quarter ended April 30, 2020. For the second quarter, the company announced sales was USD 419,043 compared to USD 372,824 a year ago. Operating income was USD 18,137 compared to operating loss of USD 263,524 a year ago. Net income was USD 76,655 compared to net loss of USD 278,872 a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.01 a year ago. For the half year, sales was USD 838,525 compared to USD 635,813 a year ago. Operating income was USD 5,866 compared to operating loss of USD 396,078 a year ago. Net income was USD 68,174 compared to net loss of USD 433,184 a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.01 a year ago.
Skkynet Cloud Systems, Inc. (Skkynet) is a Canada-based company. The Company is an industrial middleware vendor, provides connectivity and data acquisition solutions to various industrial and office hardware and software products. It offers DataHub software, including applications for real-time graphical web display of data; connecting data from open process control, dynamic data exchange, and Modbus servers to analyze the status of factory production, embedded systems, or financial strategies; connecting data from MQTT clients to connect remote sensors and other cloud-based services; and data mirroring. Its DataHub software is also used for data logging that enables reading and writing of data with various open database connectivity; creating a data bridging interface to permit association of data points in another control system; providing historical data; data redundancy features; and network system monitoring. It serves customers in aerospace, energy and utility, and others.
SKKYNET CLOUD SYSTEMS, INC. 
