Carl Data Solutions (CRL.C) has hit the bullseye on several of its 90-day targets which were intended to generate new capital for the Company. Carl Data is now positioned nicely for global growth as a leading developer of Big-Data-as-a-Service (BDaaS) and Industrial Internet of Things (IIoT) solutions.
“The last 90 days has been like training for a marathon…We announced an oversubscribed Private Placement of $5,601,288, a $2,000,000 Line of Credit, $250,000 in Convertible Debentures, and converted $1,491,000 of corporate debt. Then we hired new senior executives in business development, corporate marketing, technical operations, and product management,” said Jean-Charles Phaneuf, who came on board as CEO on January 12, 2021.
When it comes to Industry 4.0 technologies, Carl Data is the jack of all trades. Industry 4.0 refers to the Internet of Things (IoT), Artificial Intelligence (AI), Big Data/Analytics, and Cloud Infrastructure. As a result of the pandemic, many companies have been relying on Industry 4.0 technologies to manage their businesses. Keep in mind, many workplaces are considering permanent work from home operations once the pandemic is over. According to Kate Lister, president of Global Workplace Analytics, by 2025 approximately 70% of the workforce will work remotely at least five days a month which is great news for those of us working in our pajamas.
It is also worth noting that Carl Data has its foot in some of the fastest growing markets in the world. In particular, the global artificial intelligence market is is expected to grow at a compound annual growth rate (CAGR) of 42.2% from 2020 to 2027 according to Grand View Research. For a market valued at USD $39 billion in 2019, that is an exceptional CAGR rate given the market’s size. Similarly, the cloud computing market is expected to grow at a CAGR of 17.5% between 2020 and 2025 according to Markets and Markets. Yeesh, that’s a lot of numbers, however, these statistics bode well for a company like Carl Data.
Mr. Phaneuf only recently came on board as CEO of Carl Data in January, yet he has already overseen some impressive accomplishments for the Company. Having recently closed an oversubscribed private placement on February 12, 2021, Carl Data has certainly succeeded in generating new capital for the Company. Put simply, an oversubscribed private placement occurs when the demand for a company’s shares exceeds the supply available. In response to an oversubscription, a company may decide to offer additional shares or increase their price which can generate additional capital as a result.
With this in mind, Carl Data’s latest oversubscribed private placements demonstrates just how hot the Company’s stock is. Carl Data was able to generate $4,437,914 in cash with the remaining proceeds settling current amounts owed by the Company. Settling debt and generating funds sounds like a pretty sweet deal for Carl Data. In addition to a private placement, Carl Dara also signed strategic partnerships with two other industry leaders with Mr. Phaneuf’s oversight.
Carl Data’s partnership with Smart IoT Technologies is intended to provide high-quality sensors used in conjunction with Carl Data’s existing IIoT technology to provide environmental monitoring as a service (EMaaS) to new and existing customers. Moreover, Carl Data’s collaboration with Think Quality Assurance Services (Think-QA) is the Company’s latest strategic partnership announced on April 8, 2021. Carl Data’s partnership with Think-QA is meant to expand the Company’s presence in the Renewable Energy sector by providing value added services to Think-QA’s existing customers. Carl Data will be employing its machine learning technology to assist in reducing maintenance costs and maximizing electricity performance for Think-QA. More information relating to the Company’s latest partnership can be found here.
With regards to Carl Data’s future, Mr. Phaneuf believes the Company is positioned to drive future growth based on three key goals. According to Mr. Phaneuf, these three goals are as follows:
- Increase the use of Carl Data Solutions’ Machine Learning and Artificial Intelligence capabilities within current products and services. The aim is to increase cross sell and upsell opportunities with existing market segments comprised of Water, Sewage, Solid Waste Management and EMaaS.
- Expand current solutions to Smart Cities by selecting early adopters of Internet of Things (IoT), time-series data, Machine Learning and Artificial Intelligence. Leverage Carl Data Solutions’ current customer base of over 100 cities to attain this goal.
- Expand current solutions to new Smart Connected Spaces by building strategic partnerships in the IIoT sector.
By meeting its 90-day targets, Carl Data has built the foundation for growth in the near future, however, the Company’s stock has yet to bear the fruits of its labor. Regardless, Carl Data has attracted the attention of quite a few investors despite being a small cap company. With this in mind, Carl Data is a low risk investment that may be worth keeping an eye on as the Company continues to pursue its latest goals.
Carl Data’s share price currently sits at $0.20 and has not seen any notable changes following yesterday’s press release.
Disclaimer: Carl Data is a client of Equity Guru.