Income Statement Skkynet Cloud Systems, Inc.

Stocks

SKKY

US8307191002

IT Services & Consulting

Market Closed - OTC Markets 14:31:12 2026-08-26 EDT			5-day change	1st Jan Change
0.4275 ^USD	-4.99%		-5.02%	+34.46%

06-17	Skkynet Cloud Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2026	CI
03-17	Skkynet Cloud Systems, Inc. Reports Earnings Results for the First Quarter Ended January 31, 2026	CI

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Published financial data: SKKYNET CLOUD SYSTEMS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2021	2022	2023	2024	2025
Revenues	1.83M	2.16M	2.37M	2.56M	2.55M
Total Revenues	1.83M	2.16M	2.37M	2.56M	2.55M
Cost of Goods Sold, Total	702K	733K	1.24M	1.3M	1.4M
Gross Profit	1.13M	1.42M	1.13M	1.26M	1.15M
Selling General & Admin Expenses, Total	1.09M	1.28M	1.15M	1.12M	1.16M
Stock-Based Compensation (IS)	195K	200K	98.68K	79.56K	-
Depreciation & Amortization - (IS)	2.62K	2.56K	2.45K	2.42K	1.93K
Other Operating Expenses, Total	1.28M	1.48M	1.25M	1.2M	1.16M
Operating Income	-156K	-60.45K	-118K	58.7K	-6.49K
Currency Exchange Gains (Loss)	-73.37K	46.68K	-6.09K	-11.34K	-7.17K
Other Non Operating Income (Expenses)	258	1.51K	145	25.61K	37.76K
EBT, Excl. Unusual Items	-229K	-12.26K	-124K	72.96K	24.1K
Other Unusual Items	39.38K	6.28K	-3.88K	-	-13.68K
EBT, Incl. Unusual Items	-189K	-5.98K	-128K	72.96K	10.43K
Income Tax Expense	-25.9K	-38.74K	-29.9K	-26.13K	-24.92K
Earnings From Continuing Operations	-164K	32.76K	-97.87K	99.09K	35.35K
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-164K	32.76K	-97.87K	99.09K	35.35K
Net Income - (IS)	-164K	32.76K	-97.87K	99.09K	35.35K
Preferred Dividend and Other Adjustments	72.62K	11.62K	11.62K	11.62K	11.62K
Net Income to Common Incl Extra Items	-236K	21.14K	-109K	87.47K	23.73K
Net Income to Common Excl. Extra Items	-236K	21.14K	-109K	87.47K	23.73K
Per Share Items
Net EPS - Basic	-0	0	-0	0	0
Basic EPS - Continuing Operations	-0	0	-0	0	0
Basic Weighted Average Shares Outstanding	51.58M	52.19M	53.14M	53.14M	53.14M
Net EPS - Diluted	-0	0	-0	0	0
Diluted EPS - Continuing Operations	-0	0	-0	0	0
Diluted Weighted Average Shares Outstanding	51.58M	58.83M	53.14M	61.22M	59.77M
Normalized Basic EPS	-0	-0	-0	0	0
Normalized Diluted EPS	-0	-0	-0	0	0
Supplemental Items
EBITDA	-153K	-57.88K	-115K	61.12K	-4.56K
EBITA	-156K	-60.45K	-118K	58.7K	-6.49K
EBIT	-156K	-60.45K	-118K	58.7K	-6.49K
Effective Tax Rate - (Ratio)	13.67	647.34	23.4	-35.81	-239.07
Normalized Net Income	-143K	-7.66K	-77.43K	45.6K	15.06K
Supplemental Operating Expense Items
Advertising Expense	-	479K	426K	315K	310K
Selling and Marketing Expenses	-	479K	426K	315K	310K
General and Administrative Expenses	1.09M	802K	724K	803K	848K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	195K	200K	98.68K	79.56K	122K
Total Stock-Based Compensation	195K	200K	98.68K	79.56K	122K

Fiscal Period: October	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	798K	730K	917K	1.16M	1.43M
Total Cash And Short Term Investments	798K	730K	917K	1.16M	1.43M
Accounts Receivable, Total	253K	377K	306K	361K	377K
Other Receivables	6.36K	4.78K	4.7K	-	-
Total Receivables	260K	382K	311K	361K	377K
Inventory	-	-	-	-	-
Prepaid Expenses	19.77K	25.73K	24.26K	27.6K	26.86K
Total Current Assets	1.08M	1.14M	1.25M	1.55M	1.83M
Gross Property Plant And Equipment	118K	101K	91.48K	90.9K	-
Accumulated Depreciation	-91.79K	-94.36K	-86.93K	-88.75K	-
Net Property Plant And Equipment	26.65K	7.06K	4.55K	2.16K	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	1.1M	1.14M	1.26M	1.55M	1.83M
Liabilities
Accounts Payable, Total	160K	58.2K	84.87K	155K	210K
Accrued Expenses, Total	222K	115K	95.86K	167K	246K
Current Portion of Leases	16.23K	-	-	-	-
Unearned Revenue Current, Total	205K	282K	360K	338K	348K
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	603K	455K	541K	660K	803K
Long-Term Debt	48.42K	19.11K	-	-	-
Long-Term Leases	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	651K	474K	541K	660K	803K
Preferred Stock Non Redeemable	5	5	5	5	5
Preferred Stock Convertible	194	194	194	194	194
Total Preferred Equity	199	199	199	199	199
Common Stock, Total	51.58K	53.14K	53.14K	53.14K	53.14K
Additional Paid In Capital	6.79M	6.99M	7.15M	7.23M	7.35M
Retained Earnings	-6.47M	-6.45M	-6.56M	-6.47M	-6.45M
Comprehensive Income and Other	80.91K	76.01K	74.08K	80.95K	73.17K
Total Common Equity	452K	670K	715K	889K	1.03M
Total Equity	453K	671K	716K	890K	1.03M
Total Liabilities And Equity	1.1M	1.14M	1.26M	1.55M	1.83M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	51.58M	53.14M	53.14M	53.14M	53.14M
ECS Total Common Shares Outstanding	51.58M	53.14M	53.14M	53.14M	53.14M
Book Value / Share	0.01	0.01	0.01	0.02	0.02
Tangible Book Value	452K	670K	715K	889K	1.03M
Tangible Book Value Per Share	0.01	0.01	0.01	0.02	0.02
Total Debt	64.66K	19.11K	0	0	0
Net Debt	-733K	-711K	-917K	-1.16M	-1.43M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	10	12	12	12	14

Fiscal Period: October	2021	2022	2023	2024	2025
Net Income	-164K	32.76K	-97.87K	99.09K	35.35K
Depreciation & Amortization - CF	27.27K	18.8K	2.45K	2.42K	1.93K
Depreciation & Amortization, Total	27.27K	18.8K	2.45K	2.42K	1.93K
Stock-Based Compensation (CF)	195K	200K	98.68K	79.56K	122K
Provision and Write-off of Bad Debts	-	-	-	-	13.63K
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-	-	-	-	-
Change In Accounts Receivable	-59.1K	-124K	71.24K	-55.22K	-28.98K
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	3.17K	-102K	26.67K	69.76K	55.48K
Change in Unearned Revenues	36.23K	76.65K	78.56K	-21.79K	9.3K
Change in Other Net Operating Assets	-99.9K	-139K	28.11K	60.82K	67.88K
Cash from Operations	-60.98K	-36.02K	208K	235K	277K
Long-Term Debt Issued, Total	15.68K	-	-	-	-
Total Debt Issued	15.68K	-	-	-	-
Long-Term Debt Repaid, Total	-	-29.32K	-19.11K	-	-
Total Debt Repaid	-	-29.32K	-19.11K	-	-
Issuance of Common Stock	-	1.57K	-	-	-
Cash from Financing	15.68K	-27.75K	-19.11K	-	-
Foreign Exchange Rate Adjustments	26.32K	-4.1K	-1.87K	6.84K	-7.76K
Net Change in Cash	-18.99K	-67.87K	187K	241K	269K
Supplemental Items
Levered Free Cash Flow	103K	-78.7K	186K	184K	249K
Unlevered Free Cash Flow	103K	-78.7K	186K	184K	249K
Change In Net Working Capital	22.32K	260K	-158K	-65.19K	-129K
Net Debt Issued / Repaid	15.68K	-29.32K	-19.11K	-	-

Fiscal Period: October	2021	2022	2023	2024	2025
Profitability
Return on Assets	-8.88	-3.36	-6.14	2.61	-0.24
Return on Total Capital	-18.41	-6.26	-10.49	4.57	-0.42
Return On Equity %	-35.49	5.83	-14.12	12.35	3.69
Return on Common Equity	-51.26	3.77	-15.8	10.9	2.48
Margin Analysis
Gross Profit Margin %	61.62	65.99	47.71	49.14	45.21
SG&A Margin	59.34	59.39	48.42	43.65	45.39
EBITDA Margin %	-8.37	-2.68	-4.86	2.39	-0.18
EBITA Margin %	-8.51	-2.8	-4.97	2.29	-0.25
EBIT Margin %	-8.51	-2.8	-4.97	2.29	-0.25
Income From Continuing Operations Margin %	-8.94	1.52	-4.12	3.87	1.39
Net Income Margin %	-8.94	1.52	-4.12	3.87	1.39
Net Avail. For Common Margin %	-12.9	0.98	-4.61	3.41	0.93
Normalized Net Income Margin	-7.81	-0.36	-3.26	1.78	0.59
Levered Free Cash Flow Margin	5.6	-3.65	7.83	7.18	9.75
Unlevered Free Cash Flow Margin	5.6	-3.65	7.83	7.18	9.75
Asset Turnover
Asset Turnover	1.67	1.92	1.98	1.83	1.51
Fixed Assets Turnover	45.94	127.98	408.92	763.56	-
Receivables Turnover (Average Receivables)	8.18	6.84	6.94	7.67	6.91
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.79	2.5	2.31	2.34	2.28
Quick Ratio	1.75	2.44	2.27	2.3	2.25
Operating Cash Flow to Current Liabilities	-0.1	-0.08	0.38	0.36	0.34
Days Sales Outstanding (Average Receivables)	44.63	53.38	52.56	47.7	52.82
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	82.23	54.25	21.03	33.64	47.6
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	14.29	2.85	-	-	-
Total Debt / Total Capital	12.5	2.77	-	-	-
LT Debt/Equity	10.7	2.85	-	-	-
Long-Term Debt / Total Capital	9.36	2.77	-	-	-
Total Liabilities / Total Assets	59	41.43	43.05	42.59	43.87
Total Debt / EBITDA	-0.42	-0.46	-	-	-
Net Debt / EBITDA	4.79	17.07	7.94	-18.95	313.22
Total Debt / (EBITDA - Capex)	-0.42	-0.46	-	-	-
Net Debt / (EBITDA - Capex)	4.79	17.07	7.94	-18.95	313.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	21.47	17.83	10.08	7.9	-0.42
Gross Profit, 1 Yr. Growth %	43.66	26.19	-20.42	11.13	-8.38
EBITDA, 1 Yr. Growth %	-60.71	-62.2	99.53	-152.92	-107.46
EBITA, 1 Yr. Growth %	-60.29	-61.19	95.11	-149.77	-111.05
EBIT, 1 Yr. Growth %	-60.29	-61.19	95.11	-149.77	-111.05
Earnings From Cont. Operations, 1 Yr. Growth %	-47.46	-120.02	-398.77	-201.24	-64.32
Net Income, 1 Yr. Growth %	-47.46	-120.02	-398.77	-201.24	-64.32
Normalized Net Income, 1 Yr. Growth %	-40.86	-94.64	910.41	-158.89	-66.97
Diluted EPS Before Extra, 1 Yr. Growth %	-26.86	-107.84	-673.82	-169.32	-72.2
Accounts Receivable, 1 Yr. Growth %	30.42	48.99	-18.87	18.03	4.25
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-49.77	-73.51	-35.48	-52.66	-
Total Assets, 1 Yr. Growth %	1.44	3.72	9.74	23.31	18.17
Tangible Book Value, 1 Yr. Growth %	-3.58	48.2	6.72	24.31	15.54
Common Equity, 1 Yr. Growth %	-3.58	48.2	6.72	24.31	15.54
Cash From Operations, 1 Yr. Growth %	-160.05	-40.93	-676.95	12.9	17.98
Levered Free Cash Flow, 1 Yr. Growth %	-45.96	-176.77	-295.72	-1.05	35.34
Unlevered Free Cash Flow, 1 Yr. Growth %	-45.96	-176.77	-295.72	-1.05	35.34
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.7	19.64	13.89	8.98	3.66
Gross Profit, 2 Yr. CAGR %	-9.18	34.64	0.21	-5.96	0.9
EBITDA, 2 Yr. CAGR %	-47.56	-61.46	-13.16	2.76	-80.14
EBITA, 2 Yr. CAGR %	-47.14	-60.74	-12.98	-1.46	-76.55
EBIT, 2 Yr. CAGR %	-47.14	-60.74	-12.98	-1.46	-76.55
Earnings From Cont. Operations, 2 Yr. CAGR %	-45.18	-67.56	-22.65	73.92	-39.9
Net Income, 2 Yr. CAGR %	-46.7	-67.56	-22.65	73.92	-39.9
Normalized Net Income, 2 Yr. CAGR %	-36.32	-82.2	-26.43	143.94	-55.89
Diluted EPS Before Extra, 2 Yr. CAGR %	-34.92	-76.05	-32.93	99.44	-56.1
Accounts Receivable, 2 Yr. CAGR %	31.61	39.4	9.94	-2.14	10.93
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	77.38	-63.52	-58.66	-44.73	-
Total Assets, 2 Yr. CAGR %	12.92	2.57	6.69	16.33	20.71
Tangible Book Value, 2 Yr. CAGR %	8.17	19.54	25.76	15.18	19.84
Common Equity, 2 Yr. CAGR %	8.17	19.54	25.76	15.18	19.84
Cash From Operations, 2 Yr. CAGR %	43.04	-40.44	84.6	155.22	15.41
Levered Free Cash Flow, 2 Yr. CAGR %	-14.42	-35.59	34.62	39.16	15.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	-14.42	-35.59	34.62	39.16	15.72
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	13	16.4	16.36	11.86	5.75
Gross Profit, 3 Yr. CAGR %	-3.84	1.35	13	3.73	-6.77
EBITDA, 3 Yr. CAGR %	-30.23	-52.98	-33.33	-26.37	-57.14
EBITA, 3 Yr. CAGR %	-29.86	-52.31	-33	-27.77	-52.48
EBIT, 3 Yr. CAGR %	-29.86	-52.31	-33	-27.77	-52.48
Earnings From Cont. Operations, 3 Yr. CAGR %	-28.22	-60.81	-32	-15.39	2.57
Net Income, 3 Yr. CAGR %	-30.67	-61.54	-32	-15.39	2.57
Normalized Net Income, 3 Yr. CAGR %	-19.3	-72.1	-31.59	-31.69	25.27
Diluted EPS Before Extra, 3 Yr. CAGR %	-19.7	-67.86	-30.96	-32.19	3.41
Accounts Receivable, 3 Yr. CAGR %	13.58	37.17	16.39	12.58	-0.06
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	63.83	-5.89	-55.89	-56.75	-
Total Assets, 3 Yr. CAGR %	6.91	9.76	4.91	11.96	16.94
Tangible Book Value, 3 Yr. CAGR %	-0.73	20.14	15.1	25.27	15.3
Common Equity, 3 Yr. CAGR %	-0.73	20.14	15.1	25.27	15.3
Cash From Operations, 3 Yr. CAGR %	-26.29	6.52	26.96	56.7	97.34
Levered Free Cash Flow, 3 Yr. CAGR %	8.33	-17.46	-0.69	21.49	37.88
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.33	-17.46	-0.69	21.49	37.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.32	10.05	13.35	13.38	11.1
Gross Profit, 5 Yr. CAGR %	-0.37	1.77	-2.24	-1.64	7.99
EBITDA, 5 Yr. CAGR %	-33.16	-40.08	-23.84	-35.72	-58.93
EBITA, 5 Yr. CAGR %	-32.94	-39.57	-23.54	-36.25	-55.97
EBIT, 5 Yr. CAGR %	-32.94	-39.57	-23.54	-36.25	-55.97
Earnings From Cont. Operations, 5 Yr. CAGR %	-31.66	-46.44	-26.04	-28.87	-35.28
Net Income, 5 Yr. CAGR %	-31.66	-46.44	-27.57	-29.67	-35.28
Normalized Net Income, 5 Yr. CAGR %	-27.35	-56.38	-22.23	-33.58	-42.61
Diluted EPS Before Extra, 5 Yr. CAGR %	-26.81	-52.46	-25.28	-33.29	-42.4
Accounts Receivable, 5 Yr. CAGR %	10.05	20.73	12.11	19.83	14.17
Net Property, Plant and Equip., 5 Yr. CAGR %	82.65	49	-5.55	-23.94	-
Total Assets, 5 Yr. CAGR %	19.66	8.57	6.82	12.34	10.97
Tangible Book Value, 5 Yr. CAGR %	53.78	12.29	9.12	18.13	16.97
Common Equity, 5 Yr. CAGR %	53.78	12.29	9.12	18.13	16.97
Cash From Operations, 5 Yr. CAGR %	-18.17	2.59	6.42	51.08	22.21
Levered Free Cash Flow, 5 Yr. CAGR %	-0.81	25.24	18.17	5.6	5.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.81	25.24	18.17	5.6	5.57