mCloud Technologies Corp. announced revenue results for the third quarter and nine months ended September 30, 2019. For the quarter, the company reported revenue of CAD 9,233,000.

For the nine-months, the company reported revenue of CAD 14,430,000.

The company provided revenue guidance for the full year of 2020. For the year, the company expected to see revenues double in the range of CAD 70.0 million to CAD 80.0 million.

The company provided revenue guidance for the fourth quarter of 2019. The company anticipates quarterly revenues in the CAD 13 million to CAD 15 million range, reflecting an expected annualized revenue run rate of more than CAD 50 million.