Skkynet Q3 Revenue Jumps 16% as Subscription Shift Gains Traction
SKKY has more than doubled off its 52-week low of $0.16.
Summary
Skkynet's Q3 FY2026 revenue grew 16% year-over-year to $560,504, marking a second consecutive quarter of accelerating growth as the company transitions to subscription licensing. Deferred revenue climbed 17% to $406,694, signaling a building recurring revenue base. The balance sheet strengthened with cash up 11% to $1.59 million and working capital up 7%, funded entirely by operations and non-dilutive sources like SR&ED tax credits and a government loan. Management highlighted the completion of regional sales leadership hires and progress on the Industrial AI initiative, including the Cogent DataHub 11.1 release. This follows the 10-Q filed yesterday, which disclosed a $352,741 nine-month net loss and a material weakness in internal controls—today's release provides the positive operational narrative behind those numbers.
At the time of this announcement, SKKY was trading at $0.45 on OTC in the Technology sector, with a market capitalization of approximately $23.9M. The 52-week trading range was $0.16 to $1.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: EQS.