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McCoy Global Inc T.MCB

Alternate Symbol(s):  MCCRF

Energy Oil & Gas Equipment & Services
McCoy Global Inc. provides equipment and technologies designed to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. Its core products are used predominantly during the well construction phase for both land and offshore wells during both oil and gas exploration and development. Its cloud-based platform and digital infrastructure enables digital product offerings and enhancements. Its real-time, remote data transmission infrastructure supports its ability to integrate, digitize and automate the historically manual processes of tubular makeup through its smarTR. Its smarTR product suite includes VTR Virtual Thread Rep, smartCRT Casing Running Tool, smartFMS Flush Mounted Spider, smartTong and smartTSA Tailing Stabbing Arm.


TSX:MCB - Post by User

McCoy Global Inc > Revenue down as expected
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Post by Possibleidiot01on Nov 08, 2024 10:01am
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Post# 36303018

Revenue down as expected

Revenue down as expectedSix per cent which isn't a lot .

The market is supposedly forward looking so what's up.

  •  
  • Booked backlog2 of $30.1 million at September 30, 2024, compared to $24.7 million in the third quarter of 2023;
  • Book-to-bill ratio3 was 1.53 for the three months ended September 30, 2024, compared with 0.91 in the third quarter of 2023.


The successful launch and substantial interest in our enhanced hydraulic smartCRT™ at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) marks a significant milestone in our journey towards automating tubular running services," said Jim Rakievich, President & CEO of McCoy.

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