mCloud Technologies Corp MCLDF

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

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.

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mCloud Technologies Corp > Q2 results

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Post by lscfaon Aug 13, 2020 12:23pm

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Post# 31403784

Q2 results

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