Acquired by Skyvera in Mar 2023
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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 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Current assets
Cash $10.75 $13.11 $21.07 $31.12
Short term investments
Net receivables $6.89 $8.8 $9.46 $9.14
Inventory
Total current assets $25.52 $27.53 $35.45 $70.22
Long term investments
Property, plant & equipment $5.31 $5.77 $4.55 $4.75
Goodwill & intangible assets $10.47 $10.47
Total noncurrent assets $5.6 $6.06 $17.11 $47.75
Total investments
Total assets $31.12 $33.59 $52.55 $117.97
Current liabilities
Accounts payable $11.07 $12.46 $15.62 $17.08
Deferred revenue $0.03 $0.1 $0.58 $0.08
Short long term debt $0.03 $7.16 $0.07 $31.39
Total current liabilities $11.12 $23.64 $21.48 $77.79
Long term debt $2.25 $0.01
Total noncurrent liabilities $2.52 $11.88 $42.43 $39.27
Total debt $0.03 $9.41 $0.07 $31.4
Total liabilities $13.64 $35.51 $63.91 $117.07
Shareholders' equity
Retained earnings -$234.9 -$209.36 -$217.71 -$203.83
Other shareholder equity
Total shareholder equity $17.48 -$1.92 -$11.36 $0.9
(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 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Revenue
Total revenue $4.74 $3.72 $4.09 -$62.19
Cost of revenue $4.53 $5.28 $4.84 -$43.97
Gross Profit $0.21 -$1.55 -$0.74 -$18.22
Operating activities
Research & development $3.71 $4.71 $4.51 $4.31
Selling, general & administrative $8.69 $7.28 $7.07 -$15.08
Total operating expenses $12.4 $22.46 $11.58 -$2.27
Operating income -$12.19 -$24.01 -$12.33 -$15.95
Income from continuing operations
EBIT -$15.53 $9.45 -$4.7 -$73.34
Income tax expense $0 $0.01 $0.01 -$0.07
Interest expense $10.01 $1.1 $9.17 $12.26
Net income
Net income -$25.55 $8.35 -$13.88 -$85.54
Income (for common shares) -$25.55 $8.35 -$13.88 -$85.54
(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 Sep 2022 30 Jun 2022 31 Mar 2022 31 Dec 2021
Net income -$25.55 $8.35 -$13.88 -$85.54
Operating activities
Depreciation $0.47 $0.64 $0.45 -$3.27
Business acquisitions & disposals
Stock-based compensation $0.32 -$0.4 $1.38 $1.88
Total cash flows from operations -$15.33 -$16.85 -$27.77 -$13.29
Investing activities
Capital expenditures -$0.01 -$0.3 -$0.87 -$0.91
Investments
Total cash flows from investing -$0.01 -$0.3 $31.08 -$1.92
Financing activities
Dividends paid
Sale and purchase of stock -$0.67 $15 $32.78
Net borrowings -$0.02 $9.97 -$32.03 $14.4
Total cash flows from financing $12.98 $9.18 -$17.49 $46.26
Effect of exchange rate
Change in cash and equivalents -$2.36 -$7.97 -$14.18 $31.05
(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 N/A
Enterprise value N/A
Shares outstanding 24.61M
Revenue -$49.63M
EBITDA -$85.85M
EBIT -$84.13M
Net Income -$116.61M
Revenue Q/Q -82.78%
Revenue Y/Y -146.94%
P/E ratio 0.00
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio N/A
P/B ratio 0.00
Book/Share 0.71
Cash/Share 0.44
EPS -$4.74
ROA -198.29%
ROE -9.14K%
Debt/Equity 129.79
Net debt/EBITDA -0.03
Current ratio 2.29
Quick ratio 2.29