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SKKY on OTC

Skkynet Cloud Systems, Inc.

Skkynet Cloud Systems, Inc. is a nevada corporation headquartered in Mississauga.1

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Last updated Oct 21, 2026.

Overview

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  • TickerSKKY on OTC1
  • IndustryServices-Prepackaged Software1
  • HeadquartersMississauga, Canada1
  • Incorporated inNV2
  • Business address2233 Argentia Road, Suite 302, Mississauga, A6 L5N 2X72
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Skkynet is a Nevada corporation headquartered in Mississauga, Canada. Skkynet operates its business through its wholly owned subsidiaries Cogent Real-Time Systems, Inc. (“Cogent”), Skkynet, Inc. (“Skkynet (USA)”), Skkynet Corp. (“Skkynet (Canada)”). Skkynet was established to enhance Cogent’s existing business lines through the integration of cloud-based systems (“Cloud”), and to deliver a Software-as-a-Service (“SaaS”) product targeting the Industrial Internet of Things (“IoT”) market, often referred to by the term “Industry 4.0”.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-0.3%Operating margin4
1.4%Net margin4
-0.4%Revenue growth, 20254
3.4%Return on equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Software sales brought in 66% of the revenue Skkynet Cloud Systems, Inc. broke down this way in fiscal 2025.

  1. Software sales$1.7M466%down 1% from 2024
  2. Support sales$806.6K432%up 5% from 2024
  3. Other sales$54.7K42%down 37% from 2024
Products and services by year
Products and services20242025
Software sales$1.7M$1.7M
Support sales$766.4K$806.6K
Other sales$86.8K$54.7K

Regions

Europe brought in 68% of the revenue Skkynet Cloud Systems, Inc. broke down this way in fiscal 2025.

  1. Europe$986.3K468%down 15% from 2024
  2. Asia Pacific$421.9K429%up 77% from 2024
  3. South America$49.6K43%down 26% from 2024
Regions by year
Regions20242025
Europe$1.2M$986.3K
Asia Pacific$238.9K$421.9K
South America$67.2K$49.6K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs98¢$2.5M
  • Income tax1¢$24.9K
  • Profit1¢$35.4K

Out of $2.6M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$276.8K

Out of $276.8K of cash from operations.4

Financial statements

Revenue567894$2.6M in 2025+87% since 2019
0$1.0M$2.0M$3.0M2019: $1.4M$1.4M20192020: $1.5M$1.5M2020+10%2021: $1.8M$1.8M2021+21%2022: $2.2M$2.2M2022+18%2023: $2.4M$2.4M2023+10%2024: $2.6M$2.6M2024+8%2025: $2.6M$2.6M2025−0%
Operating income567894-$6.5K in 2025−99% since 2019
-$600.0K-$400.0K-$200.0K0$200.0K2019: -$557.4K-$557.4K20192020: -$392.2K-$392.2K2020−30%2021: -$155.8K-$155.8K2021−60%2022: -$60.4K-$60.4K2022−61%2023: -$117.9K-$117.9K2023+95%2024: $58.7K$58.7K20242025: -$6.5K-$6.5K2025
Net income567894$35.4K in 2025
-$600.0K-$400.0K-$200.0K0$200.0K2019: -$575.9K-$575.9K20192020: -$311.3K-$311.3K2020−46%2021: -$163.6K-$163.6K2021−47%2022: $32.8K$32.8K20222023: -$97.9K-$97.9K20232024: $99.1K$99.1K20242025: $35.4K$35.4K2025−64%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-10-312024-10-31
Revenue$2.6M$2.6M
Salary and wages$1.4M$1.3M
Consultants and directors$153.6K$139.2K
Advertising$309.6K$315.3K
General and administrative expense$694.7K$743.3K
Depreciation$1.9K$2.4K
Operating expense$2.6M$2.5M
Income (loss) from operations-$6.5K$58.7K
Other income$37.8K$25.6K
Debt recovery (expense)-$13.7K$0
Currency exchange-$7.2K-$11.3K
Total other income (expense)$16.9K$14.3K
Income (loss) before taxes$10.4K$73.0K
Income tax refund$24.9K$26.1K
Net income (loss)$35.4K$99.1K
Preferred dividends-$11.6K-$11.6K
Income (loss) to common shareholders$23.7K$87.5K
Foreign currency translation adjustments-$7.8K$6.9K
Comprehensive income (loss)$16.0K$94.3K
Net income (loss) per share to common shareholders, basic$0.00$0.00
Net income (loss) per share to common shareholders, diluted$0.00$0.00
Weighted average number of shares outstanding, basic53.1M shares53.1M shares
Weighted average number of shares outstanding, diluted59.8M shares61.2M shares

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What it owns

What Skkynet Cloud Systems, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$90.7K4 Oct 31, 2025$90.9K4 Oct 31, 2024−0.2%
Accumulated depreciation$90.7K4 Oct 31, 2025$88.7K4 Oct 31, 2024+2.2%
Property and equipment, net$04 Oct 31, 2025$2.2K4 Oct 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.4M4 Oct 31, 2025$1.2M4 Oct 31, 2024+23.2%

Properties, in its own words

The Company principal office address is located at 2233 Argentia Road Suite 302 Mississauga, Ontario Canada L5N 2X7. The office address is leased, on a month-to-month basis, with a monthly cost of CDN $290.

Item 2 of the 10-K filed Jan 27, 2026.3

Leadership

Who has led Skkynet Cloud Systems, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Andrew S. Thomas2012–2023
  2. Jack Gary Tillery Jr.2026–now

President

  1. Paul E. Thomas2012–2022

Chief financial officer

  1. Lowell Thomas Holden2012–now

Chief operating officer

  1. Paul Benford2012–2022
201520202025
Board members and other officers (7)

Former names

  • Skyynet Cloud Systems, Inc.Apr 26, 2012 to Apr 26, 20122

Timeline

  1. Apr 28, 2026New chief executive Jack Gary Tillery Jr. becomes CEO12
  2. Dec 18, 20258-K Entered a material agreement20
  3. Dec 9, 20258-K Executive or director change21
  4. Dec 3, 20258-K Executive or director change22
  5. Nov 25, 20258-K Executive or director change23
  6. Jun 23, 20258-K Executive or director change24
  7. Jun 2, 20258-K Executive or director change25
  8. Mar 18, 20258-K Executive or director change26
  9. Nov 5, 20248-K Executive or director change27
  10. Nov 30, 20218-K Regulation FD disclosure28
  11. Nov 26, 20218-K Other events29
  12. Nov 6, 2012New chief executive Andrew S. Thomas becomes CEO13

Filings

61 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 10 major events, 14 insider forms, 16 other. The latest 20:

  1. Sep 15, 202610-Q EDGAR
  2. Sep 14, 2026NT 10-Q EDGAR
  3. Jun 17, 202610-Q EDGAR
  4. Jun 15, 2026NT 10-Q EDGAR
  5. Apr 28, 20264 EDGAR
  6. Apr 6, 20264 EDGAR
  7. Mar 17, 202610-Q EDGAR
  8. Jan 27, 202610-K EDGAR
  9. Dec 18, 20258-K EDGAR
  10. Dec 9, 20258-K EDGAR
  11. Dec 3, 20258-K EDGAR
  12. Nov 25, 20258-K EDGAR
  13. Sep 15, 202510-Q EDGAR
  14. Jun 23, 20258-K EDGAR
  15. Jun 13, 202510-Q EDGAR
  16. Jun 2, 20258-K EDGAR
  17. Mar 28, 2025UPLOAD EDGAR
  18. Mar 27, 2025CORRESP EDGAR
  19. Mar 25, 2025UPLOAD EDGAR
  20. Mar 18, 20258-K EDGAR

The 61 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 16 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 31, 2026Tillery Jack Gary Jr.CEOBuy15,710$0.28$4.4KForm 4
Mar 30, 2026Tillery Jack Gary Jr.CEOBuy20,000$0.28$5.6KForm 4
Mar 20, 2026HOLDEN LOWELL THOMASCFOBuy17,241$0.28$4.8KForm 4
Mar 22, 2023Thomas Andrew SCEOBuy1,000$0.31$310Form 4
Oct 26, 2022Benford PaulCOOBuy5,000$0.21$1.1KForm 4
Oct 26, 2022Thomas Andrew SCEOBuy3,156$0.22$694Form 4
Sep 26, 2022Thomas Andrew SCEOBuy5,844$0.22$1.3KForm 4
Jul 7, 2022Mesrobian Xavier EricVP SALES AND MARKETINGBuy74,500Form 4
Jul 7, 2022Benford PaulCOOBuy362,400Form 4
Jul 7, 2022Thomas Andrew SCEOBuy606,300Form 4
Jul 7, 2022Jennings Kenneth W.DirectorBuy185,600Form 4
Jul 7, 2022Thomas Paul EPRESIDENTBuy338,900Form 4
Jun 22, 2022Thomas Andrew SCEOBuy17,629$0.16$2.8KForm 4
Apr 8, 2022HOLDEN LOWELL THOMASCFOBuy10,000$0.17$1.7KForm 4
Mar 30, 2022Thomas Paul EPRESIDENTBuy5,000$0.20$1.0KForm 4
Mar 29, 2022Thomas Paul EPRESIDENTBuy5,000$0.18$900Form 4

From Forms 4 filed with the SEC.

SEC filer profile

How Skkynet Cloud Systems, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSkkynet Cloud Systems, Inc.1
  • CIK0001546853
  • Employer ID (EIN)45-37578483
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inNevada3
  • Fiscal year endsOctober 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address2233 Argentia Road, Suite 302, Mississauga, A6 L5N 2X71
  • Phone888-702-78511
  • Shares outstanding53,143,822 as of Sep 15, 202611
  • Public float$12.8M as of Apr 30, 20253
  • AuditorFruci & Associates II, PLLC, Spokane, Washington PCAOB ID 55253
  • On EDGAR sinceApr 26, 20121
  • Filings173 in all: 10-Q (42), 8-K (29), 4 (25), 10-K (14), 3 (10), UPLOAD (10), NT 10-K (9), CORRESP (8)1
    All 18 form types

    S-1/A (7), NT 10-Q (6), 3/A (3), 8-K/A (2), EFFECT (2), S-1 (2), 10-K/A (1), 8-A12G (1), DEF 14C (1), PRE 14C (1)

  • Latest filingsAnnual report (10-K) Jan 27, 2026
    Quarterly report (10-Q) Sep 15, 2026
    Latest 8-K (8-K) Dec 18, 2025

Risk factors and legal proceedings

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events