I'm curious as to your reasoning for why you think mCloud is "well-positioned" for this kind of environment. I understand that their revenue model of 3-yr subs should help mitigate the immediate impact to their top line, but I do have some concerns about their business model in this environment. Most notably their business ties to the oil/gas and retail sectors, both of which could suffer real long-term damage here. Not to mention the debt that the co. is currently carrying on its B/S, which hopefully does not become a problem if growth were to slow significantly.
Don't get me wrong here, I really like this company and am still long the stock. I am just a bit worried about some of the long-term effects to their core target customers here. Things were looking so bright just a few weeks ago with the pending uplisting and projected profitability in Q4 (according to CEO), both of which could potentially be delayed.
Recent MCLD News
- mCloud to Delist from Nasdaq • PR Newswire (Canada) • 09/26/2023 09:00:00 PM
- mCloud to Delist from Nasdaq • PR Newswire (US) • 09/26/2023 09:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/22/2023 10:09:22 AM
- mCloud Special Committee Approves New Corporate Structure to Maximize Value from Exploration of Strategic Alternatives • PR Newswire (US) • 08/22/2023 03:55:00 AM
- mCloud Special Committee Approves New Corporate Structure to Maximize Value from Exploration of Strategic Alternatives • PR Newswire (Canada) • 08/22/2023 03:55:00 AM
- mCloud Provides Corporate Update • PR Newswire (US) • 05/31/2023 09:00:00 PM
- mCloud Provides Corporate Update • PR Newswire (Canada) • 05/31/2023 09:00:00 PM
- mCloud Provides Update from Special Committee Exploring Strategic Alternatives • PR Newswire (US) • 05/23/2023 11:00:00 AM
- mCloud Provides Update from Special Committee Exploring Strategic Alternatives • PR Newswire (Canada) • 05/23/2023 11:00:00 AM
- mCloud Receives Nasdaq Notification Regarding Form 20-F Filing • PR Newswire (US) • 05/19/2023 09:00:00 PM
- mCloud Receives Nasdaq Notification Regarding Market Value of Listed Securities • PR Newswire (Canada) • 05/19/2023 09:00:00 PM
- mCloud Receives Nasdaq Notification Regarding Market Value of Listed Securities • PR Newswire (US) • 05/19/2023 09:00:00 PM
- mCloud Receives Nasdaq Notification Regarding Form 20-F Filing • PR Newswire (Canada) • 05/19/2023 09:00:00 PM
- mCloud Provides Update on Filing of Financial Statements • PR Newswire (US) • 05/12/2023 09:00:00 PM
- mCloud Provides Update on Filing of Financial Statements • PR Newswire (Canada) • 05/12/2023 09:00:00 PM
- mCloud Provides Update on Filing of Financial Statements • PR Newswire (US) • 04/28/2023 09:00:00 PM
- mCloud Provides Update on Filing of Financial Statements • PR Newswire (Canada) • 04/28/2023 09:00:00 PM
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