Mcloud announces second quarter 2022 financial results; assetcare connections resume briskly; revenues include one-time charge

Added 2,921 new connected assets and workers, totaling 67,471 connections in q2 2022 as part of agnity transition, mcloud received a one-time us$5.96 million payment from agnity on july 29, 2022 after considering a $2.6 million one-time balance sheet charge and other impacts related to the company's transition of its licensing of agnity technology, q2 2022 net revenues as reported were c$2.3 million compared to c$6.6 million in q2 2021 san francisco , aug. 15, 2022 /prnewswire/ - mcloud technologies corp. (nasdaq: mcld) (tsxv: mcld), ("mcloud" or the "company") a leading provider of ai-powered asset management and environmental, social, and governance ("esg") solutions today announced its financial results for the second quarter ended june 30, 2022 ("q2 2022"). mcloud president and ceo russ mcmeekin commented on q2 2022: "since the first quarter of 2022, we have made continuous progress in executing our growth plans – in particular, our efforts to deliver digital oilfield solutions, the commencement of our first oil and gas implementations in saudi arabia, and our rollout of ev charging optimization solutions at auto dealerships in new york and california.
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