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mCloud Technologies Corp. (V:MCLD.H)

Business Focus: Cloud Computing Services

Sector:  Technology Industry:  IT Services & Consulting
 
Company Contact
Address: Suite 360, 525 28 Street S.E.
CALGARY AB T2A 6W9
Tel: N/A
Website: https://www.mcloudcorp.com
IR: See website
Key People
Russel H. Mcmeekin
Co-Founder, President, Chief Executive Officer, Director
Costantino Lanza
Co-Founder, Chief Growth Officer, Director
Chantal Schutz
Chief Financial Officer, Executive Vice President
Arnel Santos
Chief Operating Officer, Executive Vice President
Barry Po
Executive Vice President, Chief Marketing Officer
Kim Clauss
Executive Vice President, Chief Talent Success Officer
Jim Christian
Chief Product and Technology Officer
   
Business Overview
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.
Financial Overview
For the nine months ended 30 September 2022, mCloud Technologies Corp revenues decreased 55% to C$9.6M. Net loss decreased 24% to C$26.4M. Revenues reflect AssetCare over time segment decrease of 36% to C$4M, Engineering services segment decrease of 98% to C$26K, Canada (Country) segment decrease of 72% to C$3.1M, Asia Pacific segment decrease of 36% to C$2.1M.
Employees: 216 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $48.08M as of Sep 30, 2022
Annual revenue (TTM): $12.28M as of Sep 30, 2022
EBITDA (TTM): -$45.69M as of Sep 30, 2022
Net annual income (TTM): -$37.96M as of Sep 30, 2022
Free cash flow (TTM): -$34.15M as of Sep 30, 2022
Net Debt Last Fiscal Year: $59.97M as of Sep 30, 2022
Shares outstanding: 16,259,608 as of May 29, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization