Skkynet Cloud Systems, Inc. Reports Earnings Results for the Third Quarter Ended July 31, 2020
September 14, 2020 at 04:02 pm EDT
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Skkynet Cloud Systems, Inc. announced earnings results for the third quarter ended July 31, 2020. For the third quarter, the company announced sales was USD 316,918 compared to USD 337,587 a year ago. Operating loss was USD 54,692 compared to USD 41,649 a year ago. Net loss was USD 60,784 compared to USD 44,740 a year ago. For the nine months, sales was USD 1.155 million compared to USD 973,400 a year ago. Operating loss was USD 48,733 compared to USD 437,727 a year ago. Net income was USD 7,390 compared to net loss of USD 477,924 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
Skkynet Cloud Systems, Inc. (Skkynet) is a Canada-based company. The Company offers real-time middleware products that allow companies to securely acquire, monitor, control, visualize, network and consolidate live process data in-plant or over insecure networks. Skkynet offers DataHub software, an industrial middleware solution that connects to virtually any system using standard protocols, such as OPC, Modbus, TCP, MQTT, and ODBC to support OPC networking, server-to-server bridging, aggregation, data logging, redundancy, and real-time HMI. It offers two solutions: SkkyHub service and Skkynet DataHub service in Microsoft Azure. Both services allow companies to securely network industrial data to other locations, consolidate information from remote plants and devices, share data for predictive maintenance, or use a real-time HMI to view data from around the globe. It serves various industrial sectors, such as energy, manufacturing, water, building automation, oil and gas, and mining.