mCloud Technologies Corp.
MCLDF
Other OTC0.00
USD
- -
- -
CIK
0001756499
ISIN
CA5822706092
CUSIP
582270609
Return %
Stock
S&P500
1Y
-90.00
26.84
3Y
-100.00
77.03
5Y
-100.00
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Russel H. McMeekin
- Full Time Employees
- 216
- Sector
- Technology
- Industry
- Software - Application
- Address
- 550-510 Burrard Street Vancouver BC Canada V6C 3A8
- IPO Date
- Jun 4, 2018
- CIK
- 0001756499
- Website
- mcloudcorp.com
- Similar Companies
- Business
- mCloud Technologies Corp. (TSXV: MCLD.H, OTCQB: MCLDF) provides asset management platform solutions that combine Internet of Things (IoT), artificial intelligence (AI), and cloud technologies to optimize the performance, reliability, and sustainability of energy-intensive assets worldwide. The company's AI-powered AssetCare platform delivers connected solutions including Connected Buildings for automating and remotely managing commercial buildings with AI analytics; Connected Workers, a cloud software enabling field workers to connect remotely with experts, facilitate repairs, and access an AI digital assistant; Connected Energy for AI-powered computer vision inspection of wind turbine blades and analytics to maximize wind farm energy production; Connected Industry for endpoint monitoring, equipment health, asset inventory management, and change management across distributed teams; and Connected Health for remote health monitoring via mobile apps and wireless sensors. Additional offerings encompass energy management improving facility efficiency by over 25%, operations and maintenance (O&M) excellence reducing asset OPEX by 40%, wind turbine management boosting annual energy production by 2%, and fugitive emissions solutions cutting methane emissions by 70%, all supported by digital twins, vendor-independent visibility, and continuous performance tracking integrated with Google Cloud. mCloud operates in segments such as smart buildings, wind energy, oil and gas, and critical infrastructure across North America, Asia-Pacific, Europe, the Middle East, Africa, Australia, and China, targeting asset owners in commercial, industrial, and energy sectors. Founded in 2017 and headquartered at 550-510 Burrard Street, Vancouver, British Columbia, Canada V6C 3A8, the company was formerly known as Universal mCloud Corp. before changing its name in October 2019; it maintains a strategic alliance with Google Cloud for hyperscale AssetCare delivery. In recent developments, mCloud advanced its strategic review process in May 2024 through a special committee exploring alternatives including potential sales of the business or assets, amid board and officer resignations (except CEO and Chief Growth Officer) to streamline legacy liabilities and costs while prioritizing Saudi Arabia market expansion. The company is cooperating with a receiver appointed over subsidiary NGRAIN (Canada) Corporation by secured lender ATB Financial in Q1 2024 as part of broader restructuring, and plans to contest a lawsuit by Emissions Reduction Corp. (formerly Carbon Royalty Corp.) alleging breach of a promissory note. These initiatives support ongoing AssetCare operations and a new corporate structure to attract strategic stakeholders.