Skkynet Cloud Systems, Inc. (SKKY) Form 10-Q — Sep 15, 2026
Skkynet Cloud Systems filed its 10-Q for the quarter ended July 31, 2026, reporting Q3 revenue of $560,504, up 16% year-over-year, while nine-month revenue fell 9% to $1,716,003 as the company transitions from perpetual to subscription licenses. Losses widened materially: the nine-month net loss grew to $352,741 from $14,105 a year ago and operating cash flow swung to negative $85,328, though a $329,919 SR&ED tax refund cushioned the period. Management attributes the higher spending to added staff and consultants supporting a growth plan.
Key figures
- Revenue
- 1716003
- Total Debt
- 220706
- Revenue Yoy
- -9% (nine months); Q3 +16%
- Total Assets
- 1896680
- Cash Position
- 1585566
- Shares Outstanding
- 53143822
- Q3 revenue
- 560504
- Working capital
- 1098795
- Deferred revenue
- 406694
- Sr ed tax refund
- 329919
- Q3 revenue yoy pct
- 16
- Options outstanding
- 10432200
- Stockholders equity
- 878089
- Feddev loan received
- 220706
- Feddev loan agreement
- 750000
- Q3 revenue prior year
- 482682
- Feddev initiative commitment
- up to $1.9 million
- Nine month revenue prior year
- 1897446
- Operating cash flow prior year
- 203449
- Stock option expense nine months
- 188963
- Largest reseller share of sales pct
- 27
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