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Wednesday, May 26, 2021 11:15:53 AM
Everything's going to magically pick up in the 2nd half, just like last year.
Blaming the 2K asset Qtr all on Alberta makes no sense to me. If they have the backlog which will now get them to 80K assets as they now claim, does that mean 90% of the backlog is in Alberta? The analyst asked the right follow-up question regarding that, but McMeekin's response was unclear. I'll need to go back and review his response when the transcript is available. But if NY, CA and TX are all open, then why can't they be focusing the backlog connections there? Unless, of course, there is no backlog there. Worse yet, it doesn't sound like Q2 will be much better than Q1.
Also, that $80M TCV number in the 2nd half is a "target". When's the last time mCloud hit one of those?
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