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FAQ: Skkynet's Fiscal 2025 Financial Results and Strategic AI Pivot
TL;DR
Skkynet's 268% subscription growth and CA$2.6 million AI initiative provide investors with a scalable recurring revenue model and entry into the high-growth industrial AI market.
Skkynet maintained profitability with $35,351 net income while expanding leadership and launching a government-funded AI project to develop secure data connectivity for industrial applications.
Skkynet's secure AI data solutions help industrial enterprises optimize operations safely, potentially reducing waste and improving efficiency for a more sustainable industrial future.
Skkynet grew subscription revenue 268% while launching a CA$2.6 million AI initiative, balancing innovation with profitability during a strategic leadership expansion.
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Subscription revenue grew 268% year-over-year, total revenue remained stable at $2.55 million, net income was $35,351, and working capital increased to $1.0 million.
Total revenue remained stable during a transition period as the company converts perpetual license opportunities into long-term subscription contracts, reflecting the strategic shift toward a recurring revenue model.
The company maintained profitability with net income of $35,351 while investing heavily in team expansion and product development, including a major AI initiative.
Skkynet expanded its leadership team with key executive and board appointments and launched a CA$2.6 million AI product development initiative supported by Canadian government funding.
Gary Tillery was appointed CEO, Xavier Mesrobian as Chairman of the Board, Lee Tedstone as a new Director, and Aarif Nakhooda and Shaunna Balady joined the Advisory Board.
The 268% surge in subscription revenue validates the company's strategic shift toward a recurring revenue model and confirms customer preference for the flexibility and scalability of SaaS and subscription models.
Skkynet continues to offer perpetual licenses for customers making the transition or who prefer that model, respecting their decision rather than forcing them to choose subscription options.
The company is accelerating its entry into the Industrial AI and Industry 4.0 markets through leadership expansion and its major AI development initiative.
The fiscal year ended October 31, 2025, and the results were announced on January 28, 2026.
More information is available at Skkynet's website and through their OTCQB listing under the ticker SKKY.
Curated from NewMediaWire
