Skkynet Cloud Systems, Inc. Reports Earnings Results for the Second Quarter Ended April 30, 2021
June 14, 2021 at 04:00 pm EDT
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Skkynet Cloud Systems, Inc. announced earnings results for the second quarter ended April 30, 2021. For the second quarter, the company announced sales was USD 447,972 compared to USD 419,043 a year ago. Operating income was USD 32,225 compared to USD 18,137 a year ago. Net income was USD 8,915 compared to USD 76,655 a year ago. For the half year, sales was USD 886,038 compared to USD 838,525 a year ago. Operating income was USD 21,644 compared to USD 5,866 a year ago. Net loss was USD 32,797 compared to net income of USD 68,174 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.