mCloud Technologies Corp V.MCLD.WT.H

Q2 results

[lscfa]

• Total revenues grew 383% to C$11.6 million in the first six months of 2020 compared to C$2.4 million in the same period for 2019
• Q2 2020 total revenues increased 144% to C$5.0 million compared to C$2.05 million in Q2 2019
• 2,675 new connected assets were added to reach a new high of 51,347 in Q2 2020, a year-over-year increase of 52%
• AssetCare™ over time revenues increased 440% to C$2.7 million in Q2 2020 compared to C$0.5 million in Q2 2019, boosted by the higher monthly recurring revenues of oil and gas connected assets

https://www.newswire.ca/news-releases/mcloud-announces-second-quarter-2020-financial-results-880723179.html

 

[jjj123]

Looks like the market didn't like the results.  Wonder if the conference call will address when the NASDAQ listing will be done, this stock needs some sort of catalyst to move the SP up.  It's been straight down since the secondary offering.

[jjj123]

Only $11 million in revenue for first half, well short of their initial predictions of $70 million for the year.  Wow... "Deferrals in our technical project services business, a result of limited customer access, and back-end loading of new connections make it unlikely we will achieve our previously projected C$70 million in revenue for the full year," McMeekin added.

[PatiencePays123]

Dump this promotional dog and move on. Endless dilution and spending like drunken sailors.

[GreenBull]

Please dump your shares and move on then. I will gladly buy them and turn huge profits. With COVID I am greatly impressed with Q2 results. No we wont make 70 mil for the year but we will get there. Take this opportunity and average down.