mCloud Technologies Corp (MCLD)

[HammerinHank2]

Prime, I simply laid out the math if we continue at adding $1m annual recurring rev per qtr.

That gets us to $50m in annual recurring rev (= 12.5m per qtr) in one year from today.

That looks like a good bet if we can just maintain the pace from Q3 and Q4 for the next twelve months. Should not be asking too much.

I am not counting the asset initialization or technical services revenue at all here.

Now, the leap from $50m to $200m is less obvious today.

The best case scenario would be connection rate doubles and we start adding $2m per qtr ($8m annual each qtr).

If that happens, we get to $200m in 19 qtrs starting from May 2022. That's just under 5 years so mid-2027.

The worst case... Seems less likely now that Alberta is involved.

The other factor we cannot forecast is acquisitions, which would accelerate the path to $200m and add to the share count.