Cloudcommerce Inc (OTCMKTS: CLWD) is heating up and moving higher in recent trading on a massive surge of volume. The stock recently saw an explosive move up from double zeros to $0.0163 lows followed by a brief dip below a penny. Now that CLWD is on the move north again investors are taking notice.
CLWD has been under heavy accumulation as the Company continues to report exponential growth and was recently ranked number 235th fastest growing Company in North America on Deloitte’s 2019 Technology Fast 500™. Sales have risen swiftly and now top $3.2 million for the 3 months ended March 31, 2020. According to a recent press release CLWD is already projecting 2020 full year revenue to exceed $14 million
Cloudcommerce Inc (OTCMKTS: CLWD) based out of San Antonio, TX is a leading provider of digital advertising solutions. The Company has been delivering SWARM solutions, its proprietary audience-driven business intelligence solution, since January 2018, and is now in the process of building SWARM into a SaaS (software-as-a-service) solution. Cloudcommerce reported it had 49 full time employees as of December 2019, 6 of whom are employed in administrative positions, 1 in sales and marketing positions, and 42 in technical positions. Forty-three employees are in Texas, 3 in Utah, 1 in New Jersey, 1 in Washington, DC, and 1 in New York. According to Otcmarkets CLWD is penny stock exempt.
Cloudcommerce flagship; SWARM analyzes a robust mix of audience data to help businesses find who to talk to, what to say to them, and how to motivate them to take meaningful action. It does this by applying advanced data science, behavioral science, artificial intelligence, and market research techniques to discover, develop and create custom audiences for any business activity. With applications, such as marketing, brand perception, customer relationship management, human resources management and operational logistics, SWARM delivers powerful audience-driven business intelligence to convert opportunities into business success. When SWARM is fully developed as a self-serviced SaaS platform, the Company intend s to adopt a recurring subscription revenue model. The Company expects that SWARM will benefit from the rapidly growing market for business intelligence which is expected to double by 2022.
To Find out the inside Scoop on CLWD Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
On June 16 CloudCommerce announced it now expects 2020 full year revenue to exceed $14 million and net operating income to exceed $1 million. Management’s confidence to provide guidance was driven primarily by contracted revenue from its existing client base and new clients added within the last few months. The Company also revealed that in spite of the fact that 2020 is a major year for elections, it does not have any political clients. All revenue in 2020 is expected to come from non-political, businesses and organizations. The Company further announced that its improved financial performance will allow it to create greater shareholder value by continuing its efforts to reduce future equity dilution by retiring certain highly dilutive convertible notes.
“This has been a real team effort,” said Andrew Van Noy, CEO of CloudCommerce. “In spite of the COVID-19 pandemic headwinds, our team members are setting new performance records. As a result, 2020 promises to be the best year ever for CloudCommerce.”
— Silent Sniper (@_silent_sniper) July 29, 2020
We have a Monster Pick Coming. Subscribe Right Now!
Currently on the move northbound CLWD is an exciting story developing in small caps; the Company has been delivering SWARM solutions, its proprietary audience-driven business intelligence solution, since January 2018, and is now in the process of building SWARM into a SaaS (software-as-a-service) solution. The Company continues to report exponential growth and was recently ranked number 235th fastest growing Company in North America on Deloitte’s 2019 Technology Fast 500™. Sales have risen swiftly and now top $3.2 million for the 3 months ended March 31, 2020. We will be updating on CLWD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CLWD.
Sign Up now for our 100% FREE Penny Stock Newsletter
Disclosure: we hold no position in CLWD either long or short and we have not been compensated for this article