mCloud Technologies Corp. (MCLD)

NASDAQ: MCLD · IEX Real-Time Price · USD
1.07
+0.07 (6.79%)
At close: Feb 3, 2023, 4:00 PM
1.01
-0.06 (-5.42%)
After-hours: Feb 3, 2023, 7:56 PM EST
6.79%
Market Cap 24.83M
Revenue (ttm) 7.85M
Net Income (ttm) -43.44M
Shares Out 23.25M
EPS (ttm) -1.32
PE Ratio n/a
Forward PE 7.15
Dividend n/a
Ex-Dividend Date n/a
Volume 187,122
Open 0.98
Previous Close 1.00
Day's Range 0.98 - 1.10
52-Week Range 0.75 - 4.78
Beta 0.91
Analysts Buy
Price Target 1.89 (+76.98%)
Earnings Date Mar 28, 2023

About MCLD

mCloud Technologies Corp., a technology company, provides asset management platform solutions combining IoT, artificial intelligence (AI), and cloud in North America, the Asia-Pacific, Europe, the Middle East, Africa, Australia, and China. Its AI-powered AssetCare platform offers asset management solutions, such as Connected Buildings, an AI and analytics solution to automate and remotely manage commercial buildings; Connected Workers, a cloud software to assist workers in the field to stay connected to experts remotely, facilitate repairs, and... [Read more]

Sector Technology
Founded 2010
Employees 216
Stock Exchange NASDAQ
Ticker Symbol MCLD
Full Company Profile

Financial Performance

In 2021, MCLD's revenue was $25.60 million, a decrease of -4.94% compared to the previous year's $26.93 million. Losses were -$44.70 million, 28.2% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for MCLD stock is "Buy." The 12-month stock price forecast is $1.89, which is an increase of 76.98% from the latest price.

Price Target
$1.89
(76.98% upside)
Analyst Consensus: Buy
Stock Forecasts

News

mCloud Provides Update on Financing Activities

SAN FRANCISCO , Feb. 3, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reli...

1 day ago - PRNewsWire

mCloud Showcases Hyperscale Solution on Google Cloud to Eliminate Methane Emissions at LEAP 2023 in Saudi Arabia

Companies to showcase mCloud's AssetCare® Fugitive Emissions solution, harnessing the power of Google Cloud and Google Earth Engine to deliver a cloud solution capable of continuously mitigating emiss...

3 days ago - PRNewsWire

mCloud Announces Voting Results of Annual and Special Meeting

CALGARY, AB , Dec. 30, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reli...

1 month ago - PRNewsWire

mCloud Announces Initial $10.5 Million Closing of Public Offering of 9.0% Series A Cumulative Perpetual Preferred Shares and Warrants

SAN FRANCISCO , Dec. 28, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, rel...

1 month ago - PRNewsWire

mCloud Announces Launch of Public Offering of 9.0% Series A Cumulative Perpetual Preferred Shares and Warrants

SAN FRANCISCO , Dec. 22, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD) ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, rel...

1 month ago - PRNewsWire

mCloud Commences Closing of the First Tranche of Previously Announced Non-Brokered Common Share Offering

SAN FRANCISCO , Dec. 6, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reli...

2 months ago - PRNewsWire

mCloud Announces Third Quarter 2022 Financial Results

During Q3 2022, mCloud migrated AssetCare™ and integrated business operations including a highly targeted global go-to-market strategy with Google Cloud to maximize future growth and profitability A c...

2 months ago - PRNewsWire

mCloud Adds Global Sustainability and Saudi Vision 2030 Leader Dina Alnahdy to Board of Directors

Acclaimed Saudi entrepreneur, CEO, sustainability, and circular economy expert strategically aligned to Company's major customers, policy influencers, and partners in service of decarbonization target...

2 months ago - PRNewsWire

mCloud Announces Upsize of Common Share Offering to $18 Million with Strategic Investors

SAN FRANCISCO , Nov. 10, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, re...

3 months ago - PRNewsWire

mCloud Announces Third Quarter 2022 Financial Results Conference Call

SAN FRANCISCO , Nov. 8, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reli...

3 months ago - PRNewsWire

mCloud at IQPC Operational Excellence in Oil and Gas Summit Showcasing Emissions Management

SAN FRANCISCO , Nov. 2, 2022 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reli...

3 months ago - PRNewsWire

mCloud Receives Nasdaq Notification Regarding Market Value of Listed Securities

SAN FRANCISCO , Nov. 1, 2022 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reli...

3 months ago - PRNewsWire

mCloud Integrates with Google Cloud to Accelerate Revenue Growth and Maximize Cost Efficiency

Key highlights of new go-to-market Company integration and new efficiencies expected to generate cost structure improvements of greater than 25% beginning in Q4 2022 compared year-over-year with Q4 20...

3 months ago - PRNewsWire

mCloud and Google Cloud Partner to Launch Trio of Sustainability Apps Aimed at Curbing Carbon Emissions Worldwide

Three mCloud applications combine the compute and scale of Google Cloud and Google Earth Engine with the industrial AI and connected worker capabilities of mCloud's AssetCare™ platform to eliminate em...

3 months ago - PRNewsWire

mCloud Announces Proposed Unsecured Loan from Strategic Investors

SAN FRANCISCO , Oct. 26, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, So...

3 months ago - PRNewsWire

mCloud Provides Update on Interest Payment Related to Outstanding Unsecured Convertible Debentures

SAN FRANCISCO , Sept. 15, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, So...

5 months ago - PRNewsWire

mCloud Announces Interest Payment Related to Outstanding Unsecured Convertible Debentures

Interest payment covers accrued interest to August 31, 2022 SAN FRANCISCO , Aug. 29, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading p...

5 months ago - PRNewsWire

mCloud Announces Second Quarter 2022 Financial Results; AssetCare Connections Resume Briskly; Revenues Include One-Time Charge

Added 2,921 new connected assets and workers, totaling 67,471 connections in Q2 2022 As part of Agnity transition, mCloud received a one-time US$5.96 million payment from Agnity on July 29, 2022 After...

6 months ago - PRNewsWire

mCloud Announces Second Quarter 2022 Financial Results Conference Call

CALGARY, AB , Aug. 9, 2022 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social...

6 months ago - PRNewsWire

mCloud Enters Into Technology Continuation Agreement with Agnity Global Inc.

SAN FRANCISCO , Aug. 2, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Soci...

6 months ago - PRNewsWire

mCloud and Mercedes-Benz Grand Prix Limited Connect AssetCare™ at Brackley, Home of the Mercedes-AMG PETRONAS Formula One™ Team

Agreement marks first phase of commercial engagement to deliver AssetCare and drive sustainable operations, reduce emissions, and improve indoor air quality across iconic 650,000 square foot campus SA...

7 months ago - PRNewsWire

mCloud Provides Further Update on Repayment of Outstanding Unsecured Convertible Debentures

SAN FRANCISCO , June 30, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Soc...

7 months ago - PRNewsWire

mCloud Provides Update on Repayment of Outstanding Unsecured Convertible Debentures

SAN FRANCISCO , June 27, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, So...

7 months ago - PRNewsWire

mCloud Announces First Quarter 2022 Financial Results

Q1 2022 revenues were down year-over-year but comparable quarter-over-quarter, consistent with expectations set at the Company's full year 2021 conference call on April 4, 2022 Q1 2022 AssetCare ™ Ove...

9 months ago - PRNewsWire

mCloud Announces First Quarter 2022 Financial Results Conference Call

CALGARY, AB , May 12, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social...

9 months ago - PRNewsWire