AVCT · American Virtual Cloud Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Revenue | $16.81M | $2.44M | - | - | - |
| Cost of Revenue | $18.37M | - | - | - | - |
| Gross Profit | $3.87M | - | - | - | - |
| R&D | $17.92M | - | - | - | - |
| SG&A | $29.53M | - | - | - | - |
| Total Operating Expenses | - | - | $6.17M | $4.51M | $3.94M |
| D&A | $2.03M | $1.3K | $3.7K | $3.7K | $1.5K |
| Operating Income | ($79.45M) | - | ($6.17M) | ($4.51M) | ($3.94M) |
| Interest Expense | $764.0K | $736.0K | - | - | - |
| Income Tax | $548.0K | - | $216.3K | ($215.8K) | $184.0K |
| Net Income | ($161.39M) | - | ($5.02M) | $989.8K | ($2.52M) |
| EPS - Basic | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Cash & Equivalents | $12.63M | $31.12M | $9.94M | $135.3K | $482.7K |
| Accounts Receivable | $7.39M | $19.03M | $22.84M | - | - |
| Inventory | - | - | $1.06M | - | - |
| Accounts Payable | $2.98M | - | $32.70M | $5.21M | $2.82M |
| Current Assets | $26.40M | $70.22M | $36.00M | $220.7K | $775.5K |
| Total Assets | $31.91M | $117.97M | $153.01M | $290.84M | $312.71M |
| Current Liabilities | $11.10M | $77.79M | $54.40M | $8.50M | $2.90M |
| Long-term Debt | - | $27.10M | $17.62M | - | - |
| Total Liabilities | $13.42M | $117.07M | $100.53M | - | - |
| Stockholders' Equity | $18.49M | $902.0K | $52.47M | $5.00M | $5.00M |
| Retained Earnings | ($243.63M) | ($203.83M) | ($38.37M) | ($1.59M) | ($2.58M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($64.09M) | - | ($3.41M) | ($2.04M) | ($1.33M) |
| Investing Cash Flow | ($3.92M) | - | $291.82M | $26.93M | ($310.52M) |
| Financing Cash Flow | $71.89M | - | ($286.66M) | ($25.24M) | $312.33M |
| CapEx | - | - | - | - | $18.9K |
| Free Cash Flow | - | - | - | - | ($1.35M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 23.0% | - | - | - | - |
| Operating margin | -472.6% | - | - | - | - |
| EBITDA margin | -460.5% | - | - | - | - |
| Net margin | -960.0% | - | - | - | - |
| Free cash flow margin | - | - | - | - | - |
| FCF / Net income | - | - | - | - | 0.54 |
| R&D / Revenue | 106.6% | - | - | - | - |
| SG&A / Revenue | 175.7% | - | - | - | - |
| Effective tax rate | - | - | - | -27.9% | - |
| Return on assets | -505.8% | - | -3.3% | 0.3% | -0.8% |
| Return on equity | -872.8% | - | -9.6% | 19.8% | -50.4% |
| Return on invested capital | - | - | -7.0% | - | - |
| Liquidity | |||||
| Current ratio | 2.38 | 0.90 | 0.66 | 0.03 | 0.27 |
| Quick ratio | 2.38 | 0.90 | 0.64 | 0.03 | 0.27 |
| Cash ratio | 1.14 | 0.40 | 0.18 | 0.02 | 0.17 |
| Leverage | |||||
| Debt / Equity | - | 30.05 | 0.34 | - | - |
| Debt / Assets | - | 0.23 | 0.12 | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | -104.0x | - | - | - | - |
| Equity multiplier | 1.73 | 130.79 | 2.92 | 58.17 | 62.54 |
| Liabilities / Assets | 0.42 | 0.99 | 0.66 | - | - |
| Efficiency | |||||
| Asset turnover | 0.53 | 0.02 | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 160d | 2850d | - | - | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | 59d | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 589.8% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -36.9% | -14.4% | - |
| Net income growth (YoY) | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | 1950.0% | -98.3% | 949.4% | 0.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$137.03M totalComputex$96.94M · 70.7%
Consolidated$20.05M · 14.6%
Kandy$20.05M · 14.6%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-12.75
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- -ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- -No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing American Virtual Cloud Technologies against the 5 most active filers in the same SIC group.