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Wednesday, January 20, 2021

What a Move on InterCloud Systems Inc (OTCMKTS:ICLD)

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InterCloud Systems Inc (OTCMKTS:ICLD) shares have sizzled in 2017 rallying more than 170% on huge volume, much of this move in March. The company is in the hot, hot, hot Internet of Things (iOT)sub sector of technology. A closer look shows they participate in the Software Defined Networking (SDN) and Network Function Virtualization (NFV) environments for the telecommunications industry through cloud solutions and professional services. InterCloud offers enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing network deployment and management to InterCloud rather than the capital expense model that has dominated in recent decades in IT infrastructure management.

Mark Munro, CEO of InterCloud Systems stated: “We have announced previously that we have undertaken measures to reduce our operating expenditures, divest ourselves of non-core assets and strengthen our balance sheet. Notwithstanding these belt tightening measures, our subsidiaries continue to drive revenue and receive new contracts from some of the world’s largest service providers and enterprise customers.”  

InterCloud Systems Inc (OTCMKTS:ICLD) CEO Mr. Munro continued: “We will be releasing our financials for the period ending December 31, 2016 next week. We believe that our cost cutting measures and recent debt reductions will help the Company present a stronger balance sheet and achieve a positive near term impact.”

The company has gone through a dramatic shift changing the internal structure of the shares and repositioning the company to compete in the changing use of the cloud.  This is a unique model as companies realize they can outsource all aspects of managing the cloud.

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ICLD is led by Munro who has also been an investor in private companies for the last seven years, including Vaultlogix, LLC, a provider of online data backup solutions for business data. Prior to forming Munro Capital, Mr. Munro founded, built and sold Eastern Telecom Inc., a telecommunication company, from 1990 to 1996. Munro is surrounded by Fortune 500 managers who seem to see the path of need for data management in a changing world.  Those who follow the industry know that managing big data is the key to success, and controlling the costs associated will be an important tool for any manager.

Mr. Munro has been directly involved in over $150 million of private and public transactions as both an investor and entrepreneur. Mr. Munro sat on the board of Vaultlogix, LLC from March 2004 to February 2008. Mr. Munro also has experience as a former Chairman of the Board of BiznessOnline.com Inc., a NASDAQ-listed internet access, web design and e-commerce hosting company, from May 1999 to August 2002.

We will be reaching out to Munro to understand better the $2.4 million dollar contract the company signed and talked about in a recent press release. These details are critical in understanding the revenue mix and how these revenues will arrive on the balance sheet.  The company said in the shareholder outreach press that they, “…announced that it was recently awarded approximately $2.4 million in new contracts for professional services for new and existing customers. A majority of the work is expected to begin immediately.”

Investors will look to understand who the customers are and what the revenue projections for upcoming quarters are.  This is an exciting new area with high margins and plenty of growth, and it will certainly help his shares to be specific about what his run rate will be at InterCloud, this is an exciting new growth area where most investors who participated were relegated to trading large cap stocks.  It seems now this opportunity is trickling down to smaller investable names the average investor can add to their portfolio. For continuing coverage on shares of $ICLD stock and other hot stock picks, sign up for our free newsletter today and get our next hot pick!

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