Tuesday, January 12, 2021 4:30:20 PM
According to this presentation, the company is just under 60k connected and kept the 70k target for profitability. As far as timing to reach that, unclear but it should happen during 2021. Just do the math on adding 3k per quarter, that's the pace they have been at.
They had talked before about cost reductions coming with no more deals. So the math to profitability, adding 3k assets with $900k in new AC over time per quarter as they did, means that adding 10k assets would be about $3m per quarter in new AC over time.
The company raised $4.7m in December from US family office groups. So it seems they have the funding to get to profitability.
The 500k asset 5 year target could be achieved within existing customer base.
Just doing the math with kanepi added in, the AC over time line should show above $5m in Q4, over $20m annualized.
When reaching 70k, AC over time should be at least $8m per quarter, over $32m annualized. Adding initialization fees and engineering services might get to cover expenses.
He mentioned c3 ai stock (AI). Look at that valuation on sales.
Unclear why they have not updated that $2.4m contribution from kanepi because it was released in June and if kanepi is a growth company then the contribution should be higher.
Recent MCLD News
- mCloud to Delist from Nasdaq • PR Newswire (Canada) • 09/26/2023 09:00:00 PM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM