mCloud Technologies Corp. (V:MCLD*CA)

Business Focus: Cloud Computing Services

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEDAR
Company Contact
Address: 550-510 Burrard St
Tel: N/A
IR: See website
Key People
Michael A. Sicuro
Non-Executive Chairman of the Board, Co-Founder
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
Barry Po
Chief Product Officer
Business Overview
mCloud Technologies Corp, formerly Universal mCloud Corp, is a Canada-based provider of asset management solutions combining Internet of things (IoT), cloud computing, artificial intelligence (AI) and analytics solutions. The Company, through its AI-powered AssetCare platform, offers complete asset management solutions to smart buildings, wind energy, and oil and gas segments. Its IoT sensors bring data from connected assets into the cloud. The Company's AssetCare platform employs mobile collaboration technology, which connects people, data, and knowledge and is used in complex distributed energy assets, such as high-intensity heating, ventilation, and air conditioning (HVAC) units, mid-size wind energy turbines and transformers.
Financial Overview
For the six months ended 30 June 2020, mCloudTechnologies Corp revenues increased from C$5.2M toC$11.6M. Net loss applicable to common stockholdersincreased from C$4.9M to C$17.7M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Higher net lossreflects Salaries, wages and benefits increase from C$1.9Mto C$11.1M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $99.77M as of Jun 30, 2020
Annual revenue (TTM): $24.71M as of Jun 30, 2020
EBITDA (TTM): -$21.84M as of Jun 30, 2020
Net annual income (TTM): -$43.46M as of Jun 30, 2020
Free cash flow (TTM): -$22.68M as of Jun 30, 2020
Net Debt Last Fiscal Year: $34.77M as of Jun 30, 2020
Shares outstanding: 27,490,717 as of Oct 13, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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