mCloud Technologies Corp. (V:MCLD*CA)
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 | |
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