Skkynet Reports 475% Subscription Revenue Growth in Q3 2025

Skkynet Cloud Systems, Inc. reported financial results for the third quarter ending July 31, 2025, showing remarkable growth in subscription revenues despite overall flat sales performance. The company, a global leader in industrial software for secure, real-time data connectivity and edge processing, demonstrated significant progress in its transition to a subscription-based business model.

For the nine-month period, total sales remained essentially unchanged year-over-year at $1.9 million, while the company reported a modest net loss of $14,105. Through disciplined management of operating expenses, Skkynet generated net cash provided by operating activities of $0.2 million and maintained a strong cash position with $1.4 million in cash and cash equivalents as of July 31, 2025.

The most notable achievement was the explosive 475% growth in subscription revenues over the nine-month period, substantially exceeding expectations. This dramatic increase underscores the accelerating market adoption of Skkynet's solutions and the strength of its recurring revenue business model. The subscription growth reflects increasing industrial demand for secure, real-time data connectivity solutions that enable organizations to optimize operations while maintaining robust security standards.

Andrew Thomas, CEO of Skkynet, stated that the strong subscription growth reflects market demand for secure and real-time industrial data connectivity. The company's ability to maintain a strong cash position while investing in product development positions it well for future growth. Skkynet remains focused on delivering exceptional value to clients and maximizing shareholder value through its transition to a subscription-focused business.

Looking forward, Skkynet anticipates improved performance in the fourth quarter and beyond, supported by continuing momentum in subscription license sales and an expanding product portfolio. The company is preparing to launch a new product focused on artificial intelligence and data contextualization, aimed at enhancing safe, intelligent, and resilient operations across industrial systems, cloud platforms, and AI environments. This strategic expansion into AI-powered solutions positions Skkynet to address emerging needs in industrial automation and data processing.

The company's performance and outlook are detailed in its financial reports available through the U.S. Securities and Exchange Commission website. Additional information about Skkynet's industrial software solutions can be found at https://skkynet.com.