Skkynet Cloud Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2023
September 14, 2023 at 04:01 pm EDT
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Skkynet Cloud Systems, Inc. reported earnings results for the third quarter and nine months ended July 31, 2023. For the third quarter, the company reported sales was USD 0.63004 million compared to USD 0.530075 million a year ago. Net income was USD 0.065618 million compared to USD 0.018366 million a year ago.
For the nine months, sales was USD 1.75 million compared to USD 1.55 million a year ago. Net loss was USD 0.165403 million compared to USD 0.073753 million 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.