SKKYOTCServices-Prepackaged SoftwareUS GAAP · USD

Skkynet Cloud Systems, Inc.

Skkynet Cloud Systems, Inc. is a Nevada corporation headquartered in Mississauga, Canada, operating through subsidiaries in the United States and Canada. The company develops software and related systems for collecting, distributing, and interacting with real-time industrial and financial data over networks, including cloud-based and SaaS offerings for industrial IoT and Industry 4.0 use cases.

Ask about the company
Revenue2.6m USD
−0.4 %y/y
Operating profit (EBIT)-0.0m USD
−111.1 %y/y
EBIT margin-0.3%
−2.5 ppy/y
Net income0.0m USD
−64.3 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-10123m USD2020: 1.5 m USD2020: EBIT -0.39 m USD20202021: 1.8 m USD2021: EBIT -0.16 m USD20212022: 2.2 m USD2022: EBIT -0.06 m USD20222023: 2.4 m USD2023: EBIT -0.12 m USD20232024: 2.6 m USD2024: EBIT 0.06 m USD20242025: 2.6 m USD2025: EBIT -0.01 m USD20252.6-0.01
RevenueOperating profit (EBIT)
Ask Clarifo about Skkynet Cloud Systems, Inc.

Business

Share of revenue
Software licenses55 %

Perpetual or delivered software sold directly or through channel partners.

Subscription and cloud services25 %

Cloud-hosted and subscription-based access to real-time data systems.

Maintenance support services15 %

Ongoing support and maintenance for installed software customers.

Professional and deployment services5 %

Private-cloud setup, integration, and managed deployment support.

Products

Reported · share of revenue
66.2%31.6%FY2025100 %
  • Software Sales66.2 %
  • Support Sales31.6 %
  • Other Sales2.1 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Skkynet sells to industrial customers that need real-time visibility and control over process data, including users of SCADA and industrial automation systems. It also serves customers that want cloud-hosted or private-cloud deployments for sensitive data, as well as channel partners and OEM-style ecosystem participants that embed or resell the software.

Industrial automation end users

Manufacturers and process operators buying real-time data and control software for plant operations.

SCADA and control-system users

Customers integrating Skkynet software with existing SCADA environments for remote access and data flow.

Channel partners and distributors

Resellers and partners that distribute the software into industrial accounts.

Cloud and SaaS customers

Users adopting cloud-based real-time data services and subscription access.

Private-cloud / sensitive-data customers

Organizations that need local or private hosting because data cannot be sent to public cloud.

Strategy

Skkynet’s strategy centers on expanding its real-time data software into cloud-based and subscription offerings while preserving compatibility with industrial automation and SCADA environments. It also aims to broaden use cases into adjacent markets such as cloud industrial middleware, financial services, home monitoring, fleet tracking, and energy monitoring, while using private-cloud options for customers with data-residency concerns.

Grow cloud and subscription revenueShort term

Recurring delivery can broaden adoption and support longer customer relationships.

Improve cloud deployment experienceMedium term

Lower-friction installation and management can improve adoption in industrial environments.

Expand into adjacent real-time data marketsMedium term

New applications can extend the software platform beyond core industrial uses.

Support private-cloud and data-residency deploymentsLong term

Some customers will only adopt solutions that keep data under local control.

Geography

Q1/2026

Skkynet is headquartered in Mississauga, Canada, but is organized as a Nevada corporation with subsidiaries in the United States and Canada. Its business is tied to industrial customers that can be served through direct sales, distributors, and cloud infrastructure partners; the company also notes interest in partnering in countries where data-residency concerns matter.

Europe87 %
Asia Pacific12 %
South America1.4 %

Share of the revenue the company reports by geography.

Risks

The company depends on a small software business with limited scale, so customer adoption, partner relationships, and access to capital can materially affect execution. Its cloud and industrial software model also faces competition from larger automation vendors, cybersecurity and uptime risks, and customer reluctance to place sensitive operational data on third-party infrastructure.

Sorted by severity
Competition from large automation and SCADA vendorsHigh

Larger rivals have greater resources and installed bases that can limit pricing and distribution.

Exposure: Industrial automation and SCADA software

Customer resistance to cloud-hosted dataHigh

Some users will not entrust operational data to third-party servers, limiting cloud adoption.

Exposure: Cloud services and SaaS

Capital constraints on expansionHigh

Market expansion requires funding for staffing, development, and marketing.

Exposure: New market entry and product expansion

Pandemic or travel disruptionMedium

Restricted access to customers, advisors, and staff can slow sales and support activity.

Exposure: Customer engagement and implementation

Dependence on a small operating baseMedium

A concentrated business with few employees and limited scale is more sensitive to execution issues.

Exposure: Operations and customer support

Ask Clarifo about Skkynet Cloud Systems, Inc.

Accounting

Judgemental items
Revenue recognition by contract type

Software licenses, maintenance, and cloud services are recognized differently, affecting timing and comparability.

Impact: Deferred revenue and period revenue

Deferred revenue

Advance billings are recorded as liabilities until services are provided.

Impact: Balance sheet liabilities and future revenue

Subscription versus perpetual mix

A shift toward subscriptions can reduce near-term revenue while increasing recurring visibility.

Impact: Reported revenue trend

Similar listed companies

Publicly listed companies with a comparable business focus.

BlackSky Technology Inc.

BKSY · Radio & Tv Broadcasting & Communications Equipment

IIOT-OXYS, Inc.

ITOX · Services-Prepackaged Software

Skanska

SKA-B · Industrials

Samsara Inc.

IOT · Services-Computer Integrated Systems Design

SKYX Platforms Corp.

SKYX · Electric Lighting & Wiring Equipment

SPX Technologies, Inc.

SPXC · Metalworkg Machinery & Equipment

Last updated: 24/09/2026