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 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.