Skkynet Reports Fiscal 2025 Financial Results: Subscription Revenue Surges 268% Amidst Strategic Pivot to AI and SaaS
28 januari, 14:34
Skkynet / Key word(s): Manufacturing
Company Maintains Profitability and Strengthens Balance Sheet While Executing Major Leadership Expansion and Launching CA$2.6 Million AI Initiative MISSISSAUGA, ON - January 28, 2026 (NEWMEDIAWIRE) - Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY), a global leader in industrial software for secure, real-time data connectivity and edge processing, today announced financial results for the fiscal year ended October 31, 2025, and provided a corporate update on its strategic milestones. Fiscal 2025 Financial Highlights
“I am so proud of our team and our partners for making fiscal 2025 a transformational year for Skkynet,” said Gary Tillery, CEO of Skkynet. “While our total top-line revenue remained relatively flat, the composition of that revenue changed dramatically. The 268% surge in subscription revenue confirms that many of our customers prefer the flexibility and scalability of our SaaS and subscription models. We have successfully laid the foundation for high-quality, recurring revenue growth while maintaining profitability and strengthening our cash position. Additionally, we did not force our customers to choose our subscription model as others have, as we still offer perpetual licenses for those still making the transition themselves or if they prefer to stay with perpetual, we respect their decision.” Strategic Milestones: Leadership and Innovation Beyond financial performance, Skkynet achieved significant operational milestones in 2025 designed to accelerate its entry into the Industrial AI and Industry 4.0 markets. 1. Leadership Team Expansion To drive this next phase of growth, Skkynet significantly bolstered its executive and advisory capabilities:
“We are incredibly excited about how this expanded management team positions the Company for the future,” said Andrew Thomas, Founder and CTO of Skkynet. “This strategic broadening of our leadership allows myself and the other founders to focus on our core expertise. We can now dedicate our full attention to expanding product capabilities and optimizing business operations, ensuring our technology continues to lead the market while the executive team drives our global expansion.” 2. Launch of Major AI Initiative During the fiscal year, Skkynet launched a CA$2.6 million AI product development initiative. Supported by funding from the Government of Canada, this project is focused on developing next-generation secure data connectivity solutions specifically optimized for Artificial Intelligence applications. This initiative positions Skkynet as a critical enabler for industrial enterprises seeking to securely feed real-time production data into AI and Machine Learning models. “It’s an exciting time to be at Skkynet, we have crafted a strong and focused leadership team and board to guide the team to execute the vision of being the default choice for the data backbone for the AI-driven industrial future. We have a funded strategy and roadmap for AI innovation that will be delivered by a company that has very strong industrial experience and a proven track record,” concluded Tillery. About Skkynet Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in industrial software, providing secure, real-time data connectivity and edge processing for industrial systems of all types. Skkynet’s technologies bridge plant systems, cloud platforms, and AI, enabling safe, intelligent, and resilient operations across all industrial verticals. Skkynet’s solutions empower organizations to optimize operations, enhance efficiency, and drive innovation by connecting, monitoring, and controlling their systems in real time while maintaining robust security and data privacy standards. For more information, visit skkynet.com. Forward-Looking Statements This news release contains forward-looking statements, including expectations regarding future financial performance, subscription growth, product launches, and overall business performance and outlook. These statements are based on current assumptions and involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Skkynet undertakes no obligation to update these forward-looking statements except as required by law. Investors should refer to the risk factors disclosure outlined in Skkynet’s most recent report on Forms 10-K, 10-Q and other periodic reports filed with the U.S. Securities and Exchange Commission. Contact Skkynet Cloud Systems, Inc.
News Source: Skkynet 28.01.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
|
Language: | English |
Company: | Skkynet |
United States | |
ISIN: | US8307191002 |
EQS News ID: | 2267454 |
End of News | EQS News Service |
2267454 28.01.2026 CET/CEST
Skkynet Reports Fiscal 2025 Financial Results: Subscription Revenue Surges 268% Amidst Strategic Pivot to AI and SaaS
28 januari, 14:34
Skkynet / Key word(s): Manufacturing
Company Maintains Profitability and Strengthens Balance Sheet While Executing Major Leadership Expansion and Launching CA$2.6 Million AI Initiative MISSISSAUGA, ON - January 28, 2026 (NEWMEDIAWIRE) - Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY), a global leader in industrial software for secure, real-time data connectivity and edge processing, today announced financial results for the fiscal year ended October 31, 2025, and provided a corporate update on its strategic milestones. Fiscal 2025 Financial Highlights
“I am so proud of our team and our partners for making fiscal 2025 a transformational year for Skkynet,” said Gary Tillery, CEO of Skkynet. “While our total top-line revenue remained relatively flat, the composition of that revenue changed dramatically. The 268% surge in subscription revenue confirms that many of our customers prefer the flexibility and scalability of our SaaS and subscription models. We have successfully laid the foundation for high-quality, recurring revenue growth while maintaining profitability and strengthening our cash position. Additionally, we did not force our customers to choose our subscription model as others have, as we still offer perpetual licenses for those still making the transition themselves or if they prefer to stay with perpetual, we respect their decision.” Strategic Milestones: Leadership and Innovation Beyond financial performance, Skkynet achieved significant operational milestones in 2025 designed to accelerate its entry into the Industrial AI and Industry 4.0 markets. 1. Leadership Team Expansion To drive this next phase of growth, Skkynet significantly bolstered its executive and advisory capabilities:
“We are incredibly excited about how this expanded management team positions the Company for the future,” said Andrew Thomas, Founder and CTO of Skkynet. “This strategic broadening of our leadership allows myself and the other founders to focus on our core expertise. We can now dedicate our full attention to expanding product capabilities and optimizing business operations, ensuring our technology continues to lead the market while the executive team drives our global expansion.” 2. Launch of Major AI Initiative During the fiscal year, Skkynet launched a CA$2.6 million AI product development initiative. Supported by funding from the Government of Canada, this project is focused on developing next-generation secure data connectivity solutions specifically optimized for Artificial Intelligence applications. This initiative positions Skkynet as a critical enabler for industrial enterprises seeking to securely feed real-time production data into AI and Machine Learning models. “It’s an exciting time to be at Skkynet, we have crafted a strong and focused leadership team and board to guide the team to execute the vision of being the default choice for the data backbone for the AI-driven industrial future. We have a funded strategy and roadmap for AI innovation that will be delivered by a company that has very strong industrial experience and a proven track record,” concluded Tillery. About Skkynet Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in industrial software, providing secure, real-time data connectivity and edge processing for industrial systems of all types. Skkynet’s technologies bridge plant systems, cloud platforms, and AI, enabling safe, intelligent, and resilient operations across all industrial verticals. Skkynet’s solutions empower organizations to optimize operations, enhance efficiency, and drive innovation by connecting, monitoring, and controlling their systems in real time while maintaining robust security and data privacy standards. For more information, visit skkynet.com. Forward-Looking Statements This news release contains forward-looking statements, including expectations regarding future financial performance, subscription growth, product launches, and overall business performance and outlook. These statements are based on current assumptions and involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Skkynet undertakes no obligation to update these forward-looking statements except as required by law. Investors should refer to the risk factors disclosure outlined in Skkynet’s most recent report on Forms 10-K, 10-Q and other periodic reports filed with the U.S. Securities and Exchange Commission. Contact Skkynet Cloud Systems, Inc.
News Source: Skkynet 28.01.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
|
Language: | English |
Company: | Skkynet |
United States | |
ISIN: | US8307191002 |
EQS News ID: | 2267454 |
End of News | EQS News Service |
2267454 28.01.2026 CET/CEST
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