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

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Post by brianwells1on Dec 09, 2020 1:06pm

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Post# 32068506

In for 10k shares at 1.90 avg. Bizz has a $120M Pipeline

I see this as a great long term hold. $10 PT for 2025 with the high chance of a buyout before that. Prop IOT & Cloud software is stellar. $120M pipeline.

AssetCare™ Over Time recurring revenues were C$3.6 million in Q3 2020, up 300% over the same period in 2019 and 33% quarter-over-quarter
Total revenue for Q3 2020 was C$6.1 million compared to C$5.0 million in Q2 2020, up 22% quarter-over-quarter
Total revenue for the nine months ended September 2020 was C$17.7 million, up 113% over the same period in 2019
Added 3,423 connected assets in the quarter to reach a total of 54,770
Continued progress on "pull-forward" capital arrangements associated with long-term contracts