mCloud Technologies Corp (MCLD): Hey everyone, I've followed the boar...

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mCloud Technologies Corp (MCLD)

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Alias Born	02/23/2021

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Thursday, 06/03/2021 8:29:36 PM

Thursday, June 03, 2021 8:29:36 PM

Hey everyone, I've followed the board for a while and own some shares. I was looking through the Q1 results and wanted some of your opinions on the financials.

$8.4m revenue generated in Q1. Net Loss was 8.8m for the quarter. The company claims it will be profitable at 70k connected assets. Considering they are only ~13% away from reaching the connected asset goal but would need to increase revenue by almost 100% to break even, these numbers do not seem compatible. Am I missing something?

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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

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