mCloud Technologies Gross Profit

mCloud Technologies posts a gross profit of $5.4M as of September 2022. That compares with $20M in the prior-year period — down 72.7% year over year. That is below the Technology sector average of $270B. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, mCloud Technologies's gross profit was $20M. The latest reading is $5.4M — a 72.7% year-over-year decrease (period ending September 2022). Use the history and growth charts on this page for a longer lookback.

For Technology stocks, a gross profit near $270B is typical. mCloud Technologies's $5.4M is lower that level. That is roughly 100.0% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Gross Profit is one piece of mCloud Technologies's financial statement story. At $5.4M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for MCLD's gross profit usually means three checks: (1) trend versus prior periods, (2) level versus peers (average $270B), and (3) consistency with growth and profitability. This page covers the first two; mCloud Technologies's other metric pages and overview cover the third.