SEC Comment Letter 0000000000-25-003205 to Skkynet Cloud Systems, Inc. (SKKY)
Skkynet Cloud Systems, Inc.
Date: March 25, 2025 · CIK: 0001546853 · Accession: 0000000000-25-003205
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 000-54747
Letter
Re: Skkynet Cloud Systems, Inc. Form 10-K for the Fiscal Year Ended October 31, 2024 Form 10-Q for the Fiscal Quarter Ended January 31, 2025 File No. 000-54747 Dear Lowell Holden:
March 25, 2025
Lowell Holden Chief Financial Officer Skkynet Cloud Systems, Inc. 2233 Argentia Road, Suite 302 Mississauga, Ontario Canada L5N 2X7
We have limited our review of your filing to the financial statements and related disclosures and have the following comment.
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-Q for the Period Ended January 31, 2025 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations, page 12
1. In future filings, please expand your revenue discussion to provide additional details around trends impacting your results of operations and to quantify the extent to which changes are attributable to changes in price, volume, product or service offerings, or other market factors. For example, we note that your current disclosures attribute your 31.3% increase in revenue to higher sales by Cogent but do not provide quantification, context, and clarity in regard to the underlying drivers. Refer to Item 303(b)(2)(iii) of Regulation S-K. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. March 25, 2025 Page 2
Please contact Anastasia Kaluzienski at 202-551-3685 or Robert Littlepage at 202- 551-3361 with any questions.
Sincerely,
Division of
Corporation Finance
Office of Technology
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> March 25, 2025 Lowell Holden Chief Financial Officer Skkynet Cloud Systems, Inc. 2233 Argentia Road, Suite 302 Mississauga, Ontario Canada L5N 2X7 Re: Skkynet Cloud Systems, Inc. Form 10-K for the Fiscal Year Ended October 31, 2024 Form 10-Q for the Fiscal Quarter Ended January 31, 2025 File No. 000-54747 Dear Lowell Holden: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-Q for the Period Ended January 31, 2025 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations, page 12 1. In future filings, please expand your revenue discussion to provide additional details around trends impacting your results of operations and to quantify the extent to which changes are attributable to changes in price, volume, product or service offerings, or other market factors. For example, we note that your current disclosures attribute your 31.3% increase in revenue to higher sales by Cogent but do not provide quantification, context, and clarity in regard to the underlying drivers. Refer to Item 303(b)(2)(iii) of Regulation S-K. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. March 25, 2025 Page 2 Please contact Anastasia Kaluzienski at 202-551-3685 or Robert Littlepage at 202- 551-3361 with any questions. Sincerely, Division of Corporation Finance Office of Technology </TEXT> </DOCUMENT>