Filing Flows › Skkynet Cloud Systems (SKKY) › Q1 FY26
Skkynet Cloud Systems (SKKY) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 17, 2026
Skkynet Cloud Systems (SKKY) reported revenue of $549K for the first quarter fiscal 2026 (Q1 FY26), -34% from a year earlier and -16% from the quarter before. Operating margin was -39.5%, net loss $227K (41.2% of revenue).
Skkynet Cloud Systems, Q1 FY26: revenue $549K (-34% year over year), operating margin -39.5%, net loss $227K, operating cash flow −$43K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $549K | -16% | -34% |
| Operating profit | −$217K | -613% | — |
| Net earnings | −$227K | -558% | — |
| Operating cash flow | −$43K | -158% | — |
What changed
Revenue was $549K in Q1 FY26, down 34% year over year and down 16% from the previous quarter. Product sales was the largest line at 62% of revenue. Product sales lost $277K year over year (down 45%), 99% of the total change.
Operating costs exceeded revenue by $217K, an operating margin of -39.5%. Total costs grew 22% against a revenue fall of 34%. The fastest-growing cost line was General & admin (+39%). The quarter ended with a net loss of $227K, after a profit of $49K the previous quarter.
Operating cash flow was −$43K. Non-cash charges added back $64K of share-based compensation. Working capital and other items added $119K.
Questions
What was Skkynet Cloud Systems' revenue in the first quarter fiscal 2026?
Skkynet Cloud Systems (SKKY) reported revenue of $549K for the first quarter fiscal 2026 (Q1 FY26), -34% from a year earlier and -16% from the quarter before.
Was Skkynet Cloud Systems profitable in the first quarter fiscal 2026?
Operating loss was $217K (-39.5% of revenue) and net loss $227K.