Mcloud announces fourth quarter and full year 2021 financial results

Full year 2021 assetcare ™ over time revenues were c$23.5 million compared to c$12.8 million in full year 2020, up 83% year-over-year full year 2021 total revenues were c$25.6 million compared to full year 2020 revenues of c$26.9 million, reflecting a constrained technical project services business and sporadic additions to connected assets continuously impacted by pandemic restrictions total connected assets were 63,776 at year-end 2021 compared to 59,462 connected assets at year-end 2020, up 7% year-over-year major technology developments in 2021 were enablers for new strategic agreements in q1 2022, including recently announced agreements with aramco, carbon royalty corp, and digital oilwell activity in the united states milestone uplist to nasdaq completed in november 2021 san francisco , april 4, 2022 /prnewswire/ - mcloud technologies corp. (nasdaq: mcld) (tsx-v: 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 fourth quarter and full year ended december 31, 2021 ("q4 2021" and "fy 2021" respectively). "while 2021 was a challenging year for mcloud to connect assets and provide technical services to our customers, we have come into 2022 with evolved technologies that are the bedrock for strategic master agreements poised to drive major growth," said russ mcmeekin, mcloud president and ceo.
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