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 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.