mCloud Technologies Corp.
MCLDP
NASDAQ Global Market21.24
USD
- -
- -
CIK
0001756499
Return %
Stock
S&P500
1Y
0.19
18.21
3Y
-16.71
64.38
5Y
-16.71
72.43
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
- Dec 30, 2022
- CIK
- 0001756499
- Website
- mcloudcorp.com
- Similar Companies
- Business
- mCloud Technologies Corp. provides cloud-based asset performance management solutions that leverage artificial intelligence, IoT, and analytics to optimize energy-intensive assets worldwide. Founded in 2017 and headquartered in Calgary, Alberta, Canada, the company operates in North America, Asia-Pacific, Europe, the Middle East, Africa, and Australia, serving sectors including oil and gas, renewables, manufacturing, and commercial real estate. Its AI-powered AssetCare platform delivers comprehensive asset management across key categories: Connected Buildings for automating and remotely managing commercial buildings; Connected Workers, a cloud software enabling field workers to connect with remote experts, facilitate repairs, and access AI-powered digital assistants; Connected Energy for wind turbine blade inspections using AI computer vision, analytics to maximize wind farm energy production, and clean energy optimization; Connected Industry for endpoint monitoring, equipment health, asset inventory management, and distributed team coordination; Energy Management to enhance facility energy efficiency by up to 25%; O&M Excellence for improving asset operating expense efficiency by up to 40%; Wind Turbine Management to boost annual energy production by up to 2%; and Fugitive Emissions solutions reducing methane emissions by up to 70%. The vendor-independent platform creates digital twins for continuous visibility across the asset lifecycle, including operational planning, performance optimization, emissions management, compliance, and frontline operations, and integrates with Google Cloud for hyperscale performance. Formerly Universal mCloud Corp., the company rebranded in October 2019; relocated its global headquarters to Calgary in 2021 via a strategic memorandum of understanding with Invest Alberta Corporation to accelerate AI adoption for oil and gas decarbonization; completed key acquisitions such as kanepi Group Pty Ltd in 2020 adding C$2.4 million in annual recurring revenues and expanding into Australia, Southeast Asia, West Africa, and South America; listed on Nasdaq Capital Markets in late 2021; issued 9.0% Series A Cumulative Perpetual Preferred Shares in December 2022; launched a strategic review process in March 2023 with ATB Capital Markets and Maxim Group; and in May 2024 advanced its strategic alternatives exploration, resigned independent directors, focused on Saudi Arabia market expansion, and restructured to address legacy liabilities while delivering AssetCare solutions.