mCloud Technologies Corp (MCLD)

[HammerinHank2]

100% return back to pre-kanepi stock price...

If this stock just gets back to where it was before the kanepi deal announcement on June 25. That seems likely as revenue builds...

Q1 AC ARR was $16m.

Add in AC license fees.

Add in AutoPro projects.

Add in nybl = $14.4m ARR when completed in 18 months.

Add in kanepi $2.4m ARR but earn-out targets of $10m so this is a real growth asset. Assume $3m at least run rate by end of 2021.

Line of sight to 70k assets connected at year-end means about 43% boost in connected assets compared to Q1. Average revenue per asset should be higher with more oil & gas, but even ignoring that hitting 70k is up 43% from Q1, even if that occurs in Q1 2021.

So assuming the 43% increase also applies to AC ARR, then AC ARR hits $23m by itself by Q4 or Q1 2021 whenever they hit 70k assets.

Assume this can grow to $30m by the end of 2021.

So at the end of 2021, we have:

$30m AC ARR + $14.4m nybl + $3m kanepi = $47.4m ARR by end of 2021 and then add in the AC license fees and AutoPro business, connected worker, telehealth, digital twins, etc.

Now add heat exchangers among existing customers, a $40m ARR target market...

So as ARR hits $50m, throw out the AC license fees and AutoPro, what's a normal growth multiple on that? Compared to current market cap?

Cash was $11.7m at the July 16 update.