Sky Century Investment, Inc. SEC 10-Q Report
Sky Century Investment, Inc., a company primarily engaged in IT Services and the sale of RSS feeds and Podcasts, has released its Form 10-Q report for the quarter ended May 31, 2025. The report highlights significant improvements in financial performance and outlines strategic business initiatives aimed at future growth.
Financial Highlights
Total Revenues: Sky Century Investment, Inc. reported total revenues of $30,838 for the three months ended May 31, 2025, marking an increase of $30,838 or approximately 100% year-over-year. This growth is primarily attributed to the implementation of a targeted customer outreach strategy.
Gross Profit: The company achieved a gross profit of $18,415 for the three months ended May 31, 2025, compared to a gross loss of $(8,406) for the same period in 2024. This improvement reflects enhanced revenue generation.
Operating Income (Loss): Operating loss was reduced to $(13,047) for the three months ended May 31, 2025, from $(26,149) for the same period in 2024, indicating a significant reduction in operating loss due to increased revenues.
Net Income (Loss): The net loss for the three months ended May 31, 2025, was $(13,047), compared to $(14,149) for the same period in 2024, showing a decrease in net loss by 8%, or $1,102, mainly due to increased revenue.
Net Loss Per Share: Basic and Diluted: The net loss per share remained consistent at $(0.00) for the three months ended May 31, 2025, compared to the same period in 2024.
Business Highlights
Revenue Segments: Sky Century Investment, Inc. operates primarily in IT Services and the sale of RSS feeds and Podcasts. For the nine months ended May 31, 2025, IT Services accounted for 12% of total revenue, while RSS feeds and Podcasts contributed 88%.
IT Services Expansion: The company is expanding its IT service offerings, including Technical Support and Server Leasing, to meet the growing demand for cloud solutions, data management, and network infrastructure.
Cannabis News Application: The Cannabis News application aggregates cannabis-related news but is not yet commercially viable. The company is focusing on enhancing brand awareness and building a user base.
RSS Feeds and Podcasts: The company sells RSS feeds and Podcasts related to the cannabis industry, providing curated content to news organizations and businesses. This segment is a major revenue contributor.
Future Outlook - Online Services: Sky Century Investment, Inc. plans to expand its online services, including marketing services, SEO, analytics, web design, and email marketing, to cater to diverse client needs.
Future Outlook - IT Services: The company aims to offer comprehensive IT solutions, including consulting, support, and network security, to empower organizations and minimize operational risks.
App Enhancement and Scaling: The company is committed to refining its existing application and scaling it to accommodate a larger user base, ensuring seamless usage as the community grows.
RSS Feeds Optimization: Plans are in place to expand and optimize RSS feed offerings by introducing new, relevant feeds and updating existing ones to align with industry trends.
SEC Filing: Sky Century Investment, Inc. [ SKYI ] - 10-Q - Jun. 30, 2025