Skkynet Cloud Systems, Inc. Reports Financial Results for the Year Ended October 31, 2018
February 14, 2019 at 08:30 am EST
Share
Skkynet Cloud Systems, Inc. reported financial results for the year ended October 31, 2018. The company reported record sales of $1,466,142 for the year, an increase of $130,096. Although the Company recorded a net loss of $490,843 due to non-cash items, cash flows from operations increased to $122,534 from $31,697 in the previous year, resulting in a strong cash position for future growth.
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.
SKKYNET CLOUD SYSTEMS, INC. 
