Skkynet Cloud Systems, Inc. (SKKY) Form 10-Q — Jun 17, 2026

Skkynet Cloud Systems reported a decline in financial performance for the six months ended April 30, 2026, with revenue decreasing 18% to $1.16 million from $1.41 million in the prior year period. The company recorded a net loss of $335,901 compared to net income of $1,340 in the same period last year, driven by lower sales and a shift from perpetual to subscription licenses. Management disclosed material weaknesses in internal control over financial reporting, noting a lack of full-time personnel and insufficient technical expertise due to budget constraints.

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