Filing Flows › Skkynet Cloud Systems (SKKY) › Q4 FY24
Skkynet Cloud Systems (SKKY) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 31, 2025
Skkynet Cloud Systems (SKKY) reported revenue of $663K for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and -0.5% from the quarter before. Operating margin was 16.9%, net earnings $122K (18.5% of revenue).
Skkynet Cloud Systems, Q4 FY24: revenue $663K (+6% year over year), operating margin 16.9%, net earnings $122K, operating cash flow $35K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $663K | -0.5% | +6% |
| Operating profit | $112K | +2% | +66% |
| Net earnings | $122K | +0.6% | -53% |
| Operating cash flow | $35K | -62% | -49% |
What changed
Revenue was $663K in Q4 FY24, up 6% year over year and roughly flat from the previous quarter.
Operating profit was $112K, a 16.9% margin (up 6.1 points year over year). Of the extra revenue versus a year earlier, 123% reached operating profit, above the 11% margin then. Total costs fell 1% while revenue rose 6%. The fastest-growing cost line was General & admin (+36%). Net earnings were $122K, up 81% year over year. The effective tax rate was -79.9%.
Operating cash flow was $35K (down 49% year over year), 29% of net earnings. Non-cash charges added back $1K of depreciation and $20K of share-based compensation. Working capital and other items used $108K.
Questions
What was Skkynet Cloud Systems' revenue in the fourth quarter fiscal 2024?
Skkynet Cloud Systems (SKKY) reported revenue of $663K for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and -0.5% from the quarter before.
Was Skkynet Cloud Systems profitable in the fourth quarter fiscal 2024?
Operating profit was $112K (16.9% of revenue) and net earnings $122K.