Skkynet Cloud Systems, Inc. reported third quarter 2025 financial results showing a dramatic 475% increase in subscription revenue despite overall sales remaining flat at $1.9 million for the nine-month period. The company maintained a strong cash position of $1.4 million while reporting a modest net loss of $14,105, with net cash provided by operating activities reaching $0.2 million. The substantial subscription growth underscores the increasing market adoption of Skkynet's secure, real-time industrial data connectivity solutions and highlights the strength of its recurring revenue business model.
CEO Andrew Thomas stated that the company's ability to maintain financial stability while investing in product development positions it well for future growth opportunities. The financial results demonstrate the successful transition to a subscription-focused business model, which provides more predictable revenue streams and better aligns with modern software industry trends. This shift toward recurring revenue models represents a significant strategic advantage for industrial software companies operating in increasingly connected and data-driven manufacturing environments.
Looking forward, Skkynet anticipates improved performance in the fourth quarter and beyond, driven by continued subscription license sales momentum and an expanding product portfolio. The company is preparing to launch a new product focused on artificial intelligence and data contextualization, designed to enhance safe, intelligent operations across industrial systems, cloud platforms, and AI environments. For additional information about the company's industrial software solutions, visit https://skkynet.com. The transition to subscription-based revenue represents a fundamental shift in how industrial software companies generate income, moving away from traditional one-time license sales toward ongoing service relationships that better serve modern manufacturing needs.
