Mercedes-Benz Grand Prix results

mCloud and Mercedes-Benz Grand Prix Expand AssetCare® Sustainability Implementation at Brackley, Home of the Mercedes-AMG PETRONAS Formula One® Team

Retrieved on: 
Wednesday, February 22, 2023
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The results gleaned from this first phase of implementation identified a multitude of further opportunities for major energy efficiency and sustainability gains at Brackley.

Key Points: 
  • The results gleaned from this first phase of implementation identified a multitude of further opportunities for major energy efficiency and sustainability gains at Brackley.
  • mCloud indicated the expanded scope substantially increases the significance of Mercedes-Benz Grand Prix as a multi-year AssetCare customer of the Company under standard terms.
  • On the next phase of implementation, Russ McMeekin, mCloud President and CEO said:
    "Our relationship with Mercedes-Benz Grand Prix has grown since we began our implementation of AssetCare at Brackley last year.
  • mCloud's role in optimizing the Brackley campus was highlighted in an August 2022 Sustainability Report published by Mercedes-Benz Grand Prix.

mCloud Announces Third Quarter 2022 Financial Results

Retrieved on: 
Tuesday, November 15, 2022
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mCloud saw a decline in total revenues in Q3 2022, with Q3 2022 total revenues at C$2.9 million for the quarter compared to C$7.4 million in Q3 2021.

Key Points: 
  • mCloud saw a decline in total revenues in Q3 2022, with Q3 2022 total revenues at C$2.9 million for the quarter compared to C$7.4 million in Q3 2021.
  • As a result, Agnity results are consolidated to July 29. mCloud expects cumulative profit and loss results for the fiscal year ended December 31, 2022 to include Agnity items up to July 29.
  • As a result of the actions taken in Q3 2022, it is expected direct expenses in the fourth quarter ending December 31, 2022 ("Q4 2022") will be significantly lower compared to direct expenses in Q3 2022.
  • The Company will host a conference call at 10:00am EST on November 15, 2022 to discuss the financial results.