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mCloud Technologies Corp V.MCLD.WT.H


Primary Symbol: V.MCLD.H Alternate Symbol(s):  MCLDF

Technology Software - Application
mCloud Technologies Corp. is a provider of cloud technology solutions, namely AssetCare. Customers use AssetCare software-as-a-service (SaaS) and data solutions to ensure assets continuously operate at peak performance. Through its portfolio of AssetCare solutions, the Company enables asset owners and operators in energy and asset-intensive industries, such as oil and gas, wind, and commercial facilities to use cloud-based digital twins, artificial intelligence (AI), and analytics to optimize asset performance, reliability, and sustainability. It offers foundational enterprise technology solutions enabling capabilities, such as secure communications, connected work, and remote monitoring. It offers aerial survey capabilities through the use of drones to automate and streamline the detection and measurement of fugitive emissions, including greenhouse gases, natural gas, and volatile organic compounds. It has a presence in North America, Europe, the Middle East, and Asia- Pacific.


TSXV:MCLD.H - Post by User

mCloud Technologies Corp > New to Board - Need Advice
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Comment by lscfaon May 08, 2021 11:37am
126 Views
Post# 33159758

RE:RE:New to Board - Need Advice

RE:RE:New to Board - Need AdviceAfter reviewing the annual report I believe the CEO is exaggerating things. He says cash flow positive at 70,000 connections but that appears to be based on operations and excludes corporate costs. The annual report shows an adjusted ebitda calc that excludes $ 8 million of salaries that are not directly associated with operations. i.e corporate overhead. So it will take more than 70,000 connections to be truly cash flow positive.   

lscfa wrote: I'm not selling. Co is at 60,000 connected assets. It says it needs 70,000 to be cash flow positive. Move to Alberta will do that. CEO says there are 20,000,000 assets that can take adavantge of co's tech.


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