Skkynet Reports Third Quarter Results - A Key Highlight is a 475% Increase in Subscription Revenue

MISSISSAUGA, Ontario - Rezul -- For the nine-month period, sales were essentially flat year-over-year at $1.9 million. The Company reported a modest net loss of $14,105. Despite the flat sales environment, disciplined management of operating expenses resulted in net cash provided by operating activities of $0.2 million. As of July 31, 2025, the Company retained a strong cash position, with $1.4 million in cash and cash equivalents.

A key highlight of the period was the rapid expansion of the Company's subscription license business.  Subscription revenues grew 475% over the nine-month period, substantially exceeding expectations. This growth underscores the increasing adoption of Skkynet's solutions and the strength of its recurring revenue business.

"We are encouraged by the strong growth in subscriptions, which reflects market demand for secure and real-time industrial data connectivity," said Andrew Thomas, CEO of Skkynet. "Our ability to maintain a strong cash position while investing in product development positions us well for future growth.  We remain focused on delivering exceptional value to our clients and maximizing shareholder value with the transition to a subscription-focused business."

More on Rezul News

• PulteGroup announces new community in Clay County, Murray Farms
• ENTOUCH Completes $50 million Funding Round
• Teaming Agreement with Emtel Energy USA to Advance Thin-Film PV Energy Storage Capabilities; NASA agreements for Solar Space Tech; Ascent Solar $ASTI
• Nebuvex Acknowledges Platform "Too Secure" for Anonymous Traders; Institutional Investors Disagree
• From Tokyo to Berlin: FreeTo.Chat Unites Cultures with the World's First Confession VRX — EmojiStream™

Looking ahead, Skkynet expects improved performance in the fourth quarter and beyond, supported by subscription license sales momentum 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.

Skkynet Cloud Systems, Inc. is a global leader in industrial software, providing secure, real-time data connectivity and edge processing for industrial systems of all types. Skkynet's technologies bridge plant systems, cloud platforms, and AI, enabling safe, intelligent, and resilient operations across all industrial verticals. Skkynet's solutions empower organizations to optimize operations, enhance efficiency, and drive innovation by connecting, monitoring, and controlling their systems in real time while maintaining robust security and data privacy standards.

Visit skkynet.com.

More on Rezul News

• AZETHIO Launches Multi-Million Dollar User Protection Initiative Following Unprecedented Platform Growth
• Matecrypt Observes South American Cryptocurrency Adoption Surge Amid Economic Shifts
• Assent Uncovers Over 695 Unique PFAS Across Global Supply Chains as Regulations Increase
• Cryptocurrency Quarterly Trading Volume Surpasses $15 Trillion Record High as BrazilNex Acknowledges Industry 'Growing Pains' Amid Market Speculation
• AHRFD Initiates Legal Proceedings Against Anwalt.de for Publishing Defamatory and False Content

Forward-Looking Statements

This news release contains forward-looking statements, including expectations regarding future financial performance, subscription growth, product launches, and overall business performance and outlook. These statements are based on current assumptions and involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Skkynet undertakes no obligation to update these forward-looking statements except as required by law.  Investors should refer to the risk factors disclosure outlined in Skkynet's most recent report on Forms 10-K, 10-Q and other periodic reports filed with the U.S. Securities and Exchange Commission.