Skkynet Cloud Systems, Inc. Reports Earnings Results for the Third Quarter Ended July 31, 2021
September 13, 2021 at 04:33 pm EDT
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Skkynet Cloud Systems, Inc. announced earnings results for the third quarter ended July 31, 2021. For the third quarter, the company announced sales was USD 497,375 compared to USD 316,918 a year ago. Operating income was USD 14,202 compared to operating loss of USD 54,692 a year ago. Net loss was USD 15,490 compared to USD 60,784 a year ago. For the nine months, sales was USD 1.383 million compared to USD 1.155 million a year ago. Operating income was USD 35,846 compared to operating loss of USD 48,733 a year ago. Net loss was USD 48,287 compared to net income of USD 7,390 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.