Replies to post #759 on mCloud Technologies Corp (MCLD)

[rodgranite]

Therein lies the rub

The fact that we were told that they would be cash flow positive by Q4 hopefully indicates that there is light at the end of this pandemic. It hurt badly, no doubt. That said, there have been missteps along the way, as one would expect from a new company with new tech. I like the fact that we can take a good, unbiased look at things both good and bad. Let's hope for a good week!

[DVP25]

Let's all hope that's not the case. Russ did indicate that he thought Q2 would mark the low point for the project services revenues, and even with the difficult environment last Qtr, they did still manage to install approx 2500 assets which will translate to additional revenue "over time" in subsequent Qtrs. There's also a 2nd half weighting to asset care revenues from acquisitions that I admittedly don't understand. Russ alluded to this during the May Conf Call.

"Due to the Company’s revenue recognition policies, AssetCare revenues attributed to technologies from mCloud’s acquisitions were lower in Q1 2020 as compared to Q4 2019. Consistent with the trajectory seen in 2019, these revenues are expected to continually increase over the course of the year with the largest contribution to come in Q4 2020."