Skkynet Achieves Record Sales Growth YoY
Skkynet Announces Fiscal Quarter-end Results for Q2 2023 With Record Sales Growth of 16%
MISSISSAUGA, ONTARIO, June 14, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB:SKKY) is pleased to announce its quarter-end operating and financial results for the period ended April 30, 2023. The Company reported a record second quarter revenue of $625,464 compared to $540,093 for the same period in 2022, a 16% year over year revenue growth. Comprehensive loss from operations for the 3-month period was $90,740 compared to $19,475 for the same period in 2022 due to increased headcount for expanding operations and capabilities, including development of new DataHub version 11, due for beta release in Q3. Development of applications to leverage AI within the DataHub product stack is also underway.