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AVCT - American Virtual Cloud Technologies, Inc.

NASDAQ -> Technology -> Information Technology Services
Atlanta, United States
Type: Equity

AVCT price evolution
AVCT
(in millions $) 30 Jun 2022 31 Mar 2022 31 Dec 2021 30 Sep 2021
Current assets
Cash $13.11 $21.07 $31.12 $4.2
Short term investments
Net receivables $8.8 $9.46 $9.14 $25.69
Inventory $2.17
Total current assets $27.53 $35.45 $70.22 $35.46
Long term investments
Property, plant & equipment $5.77 $4.55 $4.75 $9.02
Goodwill & intangible assets $10.47 $10.47 $79.04
Total noncurrent assets $6.06 $17.11 $47.75 $89.03
Total investments
Total assets $33.59 $52.55 $117.97 $124.48
Current liabilities
Accounts payable $12.46 $15.62 $17.08 $41.37
Deferred revenue $0.1 $0.58 $0.08 $3.06
Short long term debt $7.16 $0.07 $31.39 $17.59
Total current liabilities $23.64 $21.48 $77.79 $62.02
Long term debt $2.25 $0.01 $0.03
Total noncurrent liabilities $11.88 $42.43 $39.27 $2.38
Total debt $9.41 $0.07 $31.4 $17.61
Total liabilities $35.51 $63.91 $117.07 $64.4
Shareholders' equity
Retained earnings -$209.36 -$217.71 -$203.83 -$118.29
Other shareholder equity
Total shareholder equity -$1.92 -$11.36 $0.9 $60.09
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Current assets
Cash $31.12 $1.88 $0.14 $0.48
Short term investments $0.06 $0.18
Net receivables $9.14 $22.84
Inventory $1.06
Total current assets $70.22 $1.95 $0.22 $0.78
Long term investments $0 $290.39 $311.92
Property, plant & equipment $4.75 $0.01 $0.01 $0.02
Goodwill & intangible assets $10.47
Total noncurrent assets $47.75 $0.01 $290.62 $311.94
Total investments $0 $290.45 $312.1
Total assets $117.97 $1.96 $290.84 $312.71
Current liabilities
Accounts payable $17.08 $8.09 $5.21 $2.82
Deferred revenue $0.08 $4.61
Short long term debt $31.39 $8.57 $3.22
Total current liabilities $77.79 $16.65 $8.5 $2.9
Long term debt $0.01
Total noncurrent liabilities $39.27 $277.34 $304.81
Total debt $31.4 $8.57 $3.22
Total liabilities $117.07 $16.65 $285.84 $307.71
Shareholders' equity
Retained earnings -$203.83 -$14.7 -$1.59 -$2.58
Other shareholder equity
Total shareholder equity $0.9 -$14.69 $5 $5
(in millions $) 30 Jun 2022 31 Mar 2022 31 Dec 2021 30 Sep 2021
Revenue
Total revenue $3.72 $4.09 -$62.19 $27.51
Cost of revenue $5.28 $4.84 -$43.97 $20.28
Gross Profit -$1.55 -$0.74 -$18.22 $7.23
Operating activities
Research & development $4.71 $4.51 $4.31 $4.51
Selling, general & administrative $7.28 $7.07 -$15.08 $20.1
Total operating expenses $22.46 $11.58 -$2.27 $45.11
Operating income -$24.01 -$12.33 -$15.95 -$37.88
Income from continuing operations
EBIT $9.45 -$4.7 -$73.34 -$30.67
Income tax expense $0.01 $0.01 -$0.07 $0.02
Interest expense $1.1 $9.17 $12.26 $6.63
Net income
Net income $8.35 -$13.88 -$85.54 -$37.32
Income (for common shares) $8.35 -$13.88 -$85.54 -$37.32
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Revenue
Total revenue $20.05
Cost of revenue $16.18
Gross Profit $3.87
Operating activities
Research & development $17.92
Selling, general & administrative $36.41 $3.94
Total operating expenses $83.32 $6.17 $4.51 $3.94
Operating income -$79.45 -$6.17 -$4.51 -$3.94
Income from continuing operations
EBIT -$129.68 -$4.81 $0.77 -$3.76
Income tax expense $0.22 -$0.22 $0.18
Interest expense $31.7
Net income
Net income -$161.39 -$5.02 $0.99 -$3.94
Income (for common shares) -$161.39 -$5.02 $0.99 -$3.94
(in millions $) 30 Jun 2022 31 Mar 2022 31 Dec 2021 30 Sep 2021
Net income $8.35 -$13.88 -$85.54 -$37.32
Operating activities
Depreciation $0.64 $0.45 -$3.27 $2.37
Business acquisitions & disposals
Stock-based compensation -$0.4 $1.38 $1.88 $2.95
Total cash flows from operations -$16.85 -$27.77 -$13.29 -$7.19
Investing activities
Capital expenditures -$0.3 -$0.87 -$0.91 -$1.53
Investments
Total cash flows from investing -$0.3 $31.08 -$1.92 -$1.53
Financing activities
Dividends paid
Sale and purchase of stock $15 $32.78 $0
Net borrowings $9.97 -$32.03 $14.4 $3.86
Total cash flows from financing $9.18 -$17.49 $46.26 $3.54
Effect of exchange rate
Change in cash and equivalents -$7.97 -$14.18 $31.05 -$5.18
(in millions $) 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net income -$161.39 -$5.02 $0.99 -$3.94
Operating activities
Depreciation $4.03 $0 $0 $0
Business acquisitions & disposals
Stock-based compensation $8.63
Total cash flows from operations -$42.2 -$3.41 -$2.04 -$1.33
Investing activities
Capital expenditures -$3.92 -$0.02
Investments $291.74 $26.59 -$310.5
Total cash flows from investing -$4.93 $291.82 $26.93 -$310.52
Financing activities
Dividends paid
Sale and purchase of stock $32.79 -$292.01 -$28.46 $313.27
Net borrowings $42.12 $5.34 $3.22 -$0.27
Total cash flows from financing $71.89 -$286.66 -$25.24 $312.33
Effect of exchange rate
Change in cash and equivalents $24.75 $1.74 -$0.35 $0.47
Fundamentals
Market cap $254.72M
Enterprise value $251.03M
Shares outstanding 98.35M
Revenue -$26.86M
EBITDA -$99.08M
EBIT -$99.27M
Net Income -$128.38M
Revenue Q/Q -86.49%
Revenue Y/Y -125.78%
P/E ratio -1.98
EV/Sales -9.35
EV/EBITDA -2.53
EV/EBIT -2.53
P/S ratio -9.48
P/B ratio -132.46
Book/Share -0.02
Cash/Share 0.13
EPS -$1.31
ROA -156.28%
ROE -1.08K%
Debt/Equity 129.79
Net debt/EBITDA -0.23
Current ratio 1.16
Quick ratio 1.16