Skkynet Cloud Systems Q1 2025: Revenue Up, Net Loss Widens
Ticker: SKKY · Form: 10-Q · Filed: Mar 17, 2025 · CIK: 1546853
| Field | Detail |
|---|---|
| Company | Skkynet Cloud Systems, Inc. (SKKY) |
| Form Type | 10-Q |
| Filed Date | Mar 17, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: 10-Q, financials, revenue, net-loss
TL;DR
Skkynet Q1 2025: Revenue $193K, Net Loss $8M. Assets $70M, Liabilities $53M.
AI Summary
Skkynet Cloud Systems, Inc. filed its 10-Q for the period ending January 31, 2025. The company reported total assets of $70,000,000 and total liabilities of $53,143,822. For the three months ended January 31, 2025, the company had revenues of $193,661 and a net loss of $8,073,450.
Why It Matters
This filing provides insight into Skkynet's financial performance for the first quarter of fiscal year 2025, highlighting revenue generation and overall profitability trends.
Risk Assessment
Risk Level: medium — The company reported a significant net loss in the quarter, indicating potential financial instability or high operating costs.
Key Numbers
- $70.0B — Total Assets (As of January 31, 2025)
- $53.1B — Total Liabilities (As of January 31, 2025)
- $0.19M — Revenue (For the three months ended January 31, 2025)
- $8.1M — Net Loss (For the three months ended January 31, 2025)
Key Players & Entities
- Skkynet Cloud Systems, Inc. (company) — Filer of the 10-Q
- 20250131 (date) — End of reporting period
- $70,000,000 (dollar_amount) — Total assets
- $53,143,822 (dollar_amount) — Total liabilities
- $193,661 (dollar_amount) — Revenue for the three months ended January 31, 2025
- $8,073,450 (dollar_amount) — Net loss for the three months ended January 31, 2025
- Paul Benford (person) — Mentioned in relation to Stock Option Plan
FAQ
What was Skkynet Cloud Systems' total revenue for the three months ended January 31, 2025?
The total revenue for the three months ended January 31, 2025, was $193,661.
What was the company's net loss for the first quarter of fiscal year 2025?
The net loss for the three months ended January 31, 2025, was $8,073,450.
What were the total assets of Skkynet Cloud Systems as of January 31, 2025?
The total assets as of January 31, 2025, were $70,000,000.
What were the total liabilities of Skkynet Cloud Systems as of January 31, 2025?
The total liabilities as of January 31, 2025, were $53,143,822.
When is Skkynet Cloud Systems' fiscal year end?
Skkynet Cloud Systems' fiscal year ends on October 31.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on March 17, 2025 by Paul Benford regarding Skkynet Cloud Systems, Inc. (SKKY).