Curated News
By: NewsRamp Editorial Staff
January 28, 2026
Skkynet Reports 268% Subscription Surge, Launches $2.6M AI Initiative
TLDR
- 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.
Impact - Why it Matters
This news matters because it signals a pivotal shift in industrial technology infrastructure. As industries worldwide accelerate their adoption of AI and Industry 4.0 principles, the ability to securely connect real-time operational data to AI systems becomes critical. Skkynet's focus on secure data connectivity addresses a fundamental challenge in industrial AI implementation: data security and integrity. Their successful subscription model transition demonstrates market validation for SaaS solutions in industrial sectors, which traditionally favored perpetual licenses. The government-backed AI initiative suggests recognition of Skkynet's strategic importance in Canada's industrial innovation landscape. For manufacturers, energy companies, and other industrial operators, this development means more robust, secure options for implementing AI-driven optimization, predictive maintenance, and automation. In an era where industrial cybersecurity threats are growing alongside AI adoption, Skkynet's approach could set new standards for how industrial data infrastructure supports the next generation of smart manufacturing and operational intelligence.
Summary
Skkynet Cloud Systems, Inc. (OTCQB: SKKY), a global leader in industrial software for secure, real-time data connectivity and edge processing, has announced its fiscal year 2025 results alongside major strategic developments. Financially, the company maintained profitability with a net income of $35,351 and stable total revenue of $2.55 million, while achieving a remarkable 268% year-over-year growth in subscription license revenue. This surge validates its strategic pivot toward a recurring revenue model. The company also strengthened its balance sheet, with working capital increasing to $1.0 million, providing a solid foundation for future growth. CEO Gary Tillery emphasized that this transformation was achieved without forcing customers into subscription models, as the company continues to offer perpetual licenses, respecting customer choice during their own transitions.
Beyond financials, Skkynet executed significant operational milestones to accelerate its entry into the Industrial AI and Industry 4.0 markets. The company underwent a major leadership expansion, appointing Gary Tillery as CEO, Xavier Mesrobian as Chairman of the Board, and adding Lee Tedstone as a Director, along with advisors Aarif Nakhooda and Shaunna Balady. This bolstered team is designed to drive global strategy and add deep industry expertise. Founder and CTO Andrew Thomas noted that this expansion allows the founders to focus on core technological innovation while the executive team handles global expansion. Furthermore, Skkynet launched a CA$2.6 million AI product development initiative, funded by the Government of Canada, to create next-generation secure data connectivity solutions optimized for Artificial Intelligence applications. This initiative positions Skkynet as a critical enabler for industrial enterprises looking to securely integrate real-time production data into AI and Machine Learning models, reinforcing its vision as the default data backbone for the AI-driven industrial future. For more information, visit skkynet.com.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Skkynet Reports 268% Subscription Surge, Launches $2.6M AI Initiative
