Skkynet Cloud Systems, Inc.

Skkynet Cloud Systems, Inc. filed its quarterly report for the period ended April 30, 2026. The company reported a 4% increase in revenue for the three-month period to $606,106, but a significant 18% decrease for the six-month period to $1,155,499, attributed to lower sales and a shift from perpetual to subscription licenses. The company reported a net loss of $109,392 for the three-month period and a larger net loss of $335,901 for the six-month period. Liabilities increased due to a new loan, while stockholders' equity decreased. The company also received initial funding from an Industrial AI Product Development Initiative loan.