0.62
0.00%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
About Skkynet Cloud Systems
From its filings with the US Securities and Exchange Commission
Skkynet Cloud Systems is based in Mississauga, Ontario, Canada and is incorporated in Nevada. Its shares trade on OTC under the ticker SKKY. The SEC classifies its business as prepackaged software. In the fiscal year to 31 October 2025, it reported revenue of $2.6m and net income of $35,351. At that date it held total assets of $1.8m and shareholders' equity of $1.0m. By business, Software sales [Member] brought in 66.2% of revenue, followed by Support sales [Member] at 31.6% and Other sales [Member] at 2.1%.
Boston Consulting Group issued reports on Industry 4.0 and how the future of productivity and growth in manufacturing industries will be impacted by the convergence of nine new technologies1, and how it will transform the industrial workforce2. Of the identified nine new technologies (autonomous robots, big data analytics, the Cloud, cybersecurity, the Industrial Internet of Things, horizontal and vertical system integration, simulation, augmented reality, additive manufacturing), the first six fit within the scope of Skkynet’s core technical expertise. Specifically, Skkynet provides software and related systems and facilities to collect process and distribute real-time information over networks. This capability allows our customers to both locally and remotely manage, supervise and control industrial processes and financial information systems. By using our software and web-based assets we provide our clients and their end-customers, the ability and tools to observe and interact with these processes in real-time. We give our customers the power to analyze, change and control their local and remote systems to meet regulatory requirements and exceed target objectives.
Quoted from its 10-K, filed 27 Jan 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 8 Feb 2013
- Employees
- 8
- Website
- skkynet.com ↗
- Head office
- 2233 ARGENTIA ROAD, MISSISSAUGA, A6, L5N 2X7
- Incorporated in
- NV
- Classification
- Services-Prepackaged Software
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Paul ThomasPresident, Assistant Secretary, Director, since 2011$129,817
- Mr. Andrew ThomasChief Executive Officer, Director, since 2011$129,817
- Mr. Lowell HoldenChief Financial Officer, Chief Accounting Officer, Treasurer, since 2012$56,616
- Mr. Paul BenfordChief Operating Officer, Director, since 2011$129,817
- Mr. Xavier MesrobianDirector, since 2013$182,901
- Mr. Gary TilleryDirector
- Mr. Norman EvansIndependent Director$30,000
- Mr. Kenneth JenningsIndependent Director$30,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Cutting-edge cloud technology: Skkynet Cloud Systems Inc possesses advanced cloud-based solutions that differentiate it from competitors. This technology provides clients with efficient and reliable data management and analysis.
- Strong market position: The company has established a significant presence in the cloud services sector, gaining the trust and recognition of a broad customer base across various industries.
- Strategic partnerships: Skkynet has formed partnerships with key industry players, enhancing its market reach and enabling collaborations that drive innovation and growth.
Weaknesses
- Relatively small scale: Skkynet Cloud Systems Inc may face challenges in competing with larger cloud service providers due to its smaller scale and more limited resources.
- Dependence on specific industries: While the company serves diverse sectors, its success is tied to industries such as manufacturing, industrial automation, and real-time analytics. Any downturn in these sectors could adversely affect Skkynet's performance.
- Limited brand awareness: Skkynet, compared to some of its competitors, may struggle with lower brand recognition, which can hinder its ability to attract new clients or secure larger contracts.
Opportunities
- Growing demand for cloud services: Skkynet operates in a market with increasing demand as more businesses recognize the benefits of cloud-based solutions. This presents an opportunity for the company to expand its customer base.
- International expansion: The global market for cloud services continues to expand rapidly. Skkynet could leverage its expertise and technology to tap into emerging markets and establish a strong international presence.
- Technological advancements: Ongoing advancements in cloud computing, Internet of Things (IoT), and big data analytics provide Skkynet Cloud Systems Inc with opportunities to enhance their offerings, stay ahead of the competition, and diversify their product portfolio.
Threats
- Intense competition: The cloud services sector is highly competitive, with established players and new entrants constantly vying for market share. Skkynet may face challenges in differentiating itself and defending its position.
- Cybersecurity risks: As a provider of cloud-based solutions, Skkynet must remain vigilant against potential cyber threats and maintain robust security measures. Any breach could harm the company's reputation and erode client trust.
- Regulatory challenges: Laws and regulations concerning data protection, privacy, and cross-border data transfer impose compliance requirements on cloud service providers. Skkynet must navigate these regulations to operate effectively in multiple jurisdictions.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.