Acquired by Skyvera in Mar 2023
AVCT - American Virtual Cloud Technologies, Inc.
NASDAQ
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Technology
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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 |
News
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 |