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McCoy Global Inc T.MCB

Alternate Symbol(s):  MCCRF

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

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Post by retiredcfon Nov 17, 2024 7:07am
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Post# 36316955

Another View

Another ViewMCB only has one analyst, and no estimates were available. Orders were $24.1M, up 57% year over year and also up sequentially. Revenue though fell 6% to $15.8M. Net earnings fell 72% to $0.5M, with stock-based compensation a big factor, along with the revenue decline. Backlog rose to $30.1M from $24.7M, and book to bill was a solid 1.53. New products and recent contracts imply the future will be better than this quarter. The stock took a hit but it is a small company, still up 91% in a year. It remains in an excess cash position and the valuation is attractive. We would consider it buyable for small/micro cap investors. (5iResearch)


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