In this short video, Tracy Weslosky of InvestorIntel interviews Chris Thompson of eResearch about eResearch’s Update Report on EQ Works pertaining to the Company’s recent release of its Q4/2020 and Annual financial statements that had data revenue up 95% annually. [more]
Mr. Santos is one of Alberta’s top energy executives leading digital strategy, technology innovation, and ESG affairs both provincially and globally. He will become mCloud’s Executive Vice President and President, Americas, responsible for the Company’s regional business in North America and leading mCloud’s ESG initiatives. [more]
13-page Update Equity Research Reports on EQ’s Q4/2020 and 2020 Annual results. Data solutions revenue increased 95% annually to $2.55 million in 2020 and now accounts for 24% of the overall yearly revenue. In January, the Company reported more than $4 million in new commitments for data-driven marketing projects. Overall annual revenue increased 16% to $10.4 million. [more]
mCloud’s annual revenue hit a record of C$26.9 million in 2020, up 47% from 2019. AssetCare revenue comprised 76% of total revenue and, with a strong backlog and sales pipeline, is expected to double AssetCareAssetCare revenues in 2021. [more]
Upstart Holdings, an AI-driven lending platform, launched its IPO at $20.00 per share on the NASDAQ at an approximate valuation of $1.5B. On the first day of trading, Upstart’s stock increased by 47% from the IPO price to $29.47 per share. [more]
ServiceNow, a U.S. cloud-based software company, announced the acquisition of Element AI, a Canadian artificial intelligence software company. The acquisition involves plans to build the first AI Innovation Hub in Canada. [more]
C3.ai, a U.S. enterprise AI software provider, listed on the NYSE under the ticker “AI”. C3.ai raised proceeds of over $650M with an approximate valuation of $4B. [more]
Advertising revenue recovered in the quarter as many customers renewed previously paused campaigns and started to spend on new campaigns. Q3/2020 revenue increased 15% year-over-year. Even during the current health crisis, EQ added 33 new clients so far in 2020. [more]
In an effort to improve services for patients, healthcare companies are focusing on acquiring and developing AI technologies to enhance administrative and operational capabilities. Last year, global AI venture capital investments in the healthcare and pharmaceutical sector reached $2.4B compared with $1B in the prior year. [more]
Advertising revenue in the quarter was negatively impacted by the outbreak of COVID-19 as certain customers suspend or postponed work. Q2/2020 Revenue was $1.73M, a decrease of 22%, compared to $2.21M in Q2/19, but in-line with our estimate of $1.77M. [more]
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