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American Virtual Cloud (AVCT)

AVCT is an integrated IT solutions and managed services provider. AVCT completed a business combination with Computex in April 2020. AVCT, incorporated in 2016, was formerly known as Pensare Acquisition Corp. and changed its name to AVCT in April 2020.

Company profile

Ticker
AVCT, AVCTW
Exchange
CEO
Xavier Williams
Employees
Incorporated
Location
Fiscal year end
Former names
PENSARE ACQUISITION Corp
SEC CIK
Subsidiaries
Stratos Management Systems, Inc. • First Byte Computers, Inc. • eNet Solutions, LLC • Computex, Inc. • AVCtechnologies USA, Inc. • AVCTechnologies Canada Ltd • American Virtual Cloud Technologies Ireland, Limited • Kandy Communications LLC • American Virtual Cloud Technologies Mexico S.A. de C.V. ...

AVCT stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 13.11M 13.11M 13.11M 13.11M 13.11M 13.11M
Cash burn (monthly) 2.66M (no burn) 8M 7.51M (no burn) 1.03M
Cash used (since last report) 8.13M n/a 24.49M 22.99M n/a 3.14M
Cash remaining 4.98M n/a -11.38M -9.88M n/a 9.97M
Runway (months of cash) 1.9 n/a -1.4 -1.3 n/a 9.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Aug 22 Ribbon Communications Common Stock Other Dispose J No No 0 13,700,421 0 0
29 Aug 22 Ribbon Communications Warrants Common Stock Other Dispose J No No 0.01 43,778 437.78 0
13 Jun 22 Michael Tessler Common Stock Grant Acquire A No No 0 532,711 0 1,000,000
20 May 22 Mock Lawrence E, JR. Common Stock Buy Acquire P Yes No 0.4 250,000 100K 21,423,995
3.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 17.51M 17.51M
Total shares 5M 5M
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
MTZ Mastec 5M $17.51M 0.0%
Largest transactions Shares Bought/sold Change
MTZ Mastec 5M 0 0.0%

Financial report summary

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Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Bad
New words: absent, Alternate, Alternatively, back, breakage, clawback, comprised, consent, coupled, demonstrate, departed, divest, doubling, exceed, factor, fifteenth, Floor, foregoing, forfeiture, forward, frequently, inability, live, macroeconomic, minimal, moving, notifying, outcome, percentage, phase, preceding, rationalization, Reconciliation, regain, relevant, scale, sentence, thereunder, uncertainty, unprofitable, voluntarily, write
Removed: acceptable, attributable, choose, diversify, EBC, employee, enter, flat, insurance, intersegment, profit, receivable, unrestricted