Company research
American Virtual Cloud Technologies, Inc.
CIK 1704760Updated Sep 24, 2026
Securities
Name history
PENSARE ACQUISITION Corp · through Apr 7, 2020
AVCT price & chart
Historical security
This listing closed Jan 19, 2023. Live provider charts are shown only for current listings.
In the news
No coverage from other publishers is available.
Recent filings
Show 5 more recent filings
Financials
FY 2022 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 31,909,000Source | 117,971,000Source | 153,007,000Source | 290,842,420Source |
| Property, Plant and Equipment, NetUSD | 4,784,000Source | 4,753,000Source | 10,061,000Source | 13,734Source |
| GoodwillUSD | — | 10,468,000Source | 66,273,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 12,627,000Source | 31,119,000Source | 9,944,000Source | 135,265Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | 19,965,000Source | — | — |
| Inventory, NetUSD | — | — | 1,057,000Source | — |
| Assets, CurrentUSD | 26,402,000Source | 70,223,000Source | 36,000,000Source | 220,654Source |
| Other Assets, NoncurrentUSD | 723,000Source | 1,269,000Source | 67,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 13,418,000Source | 117,069,000Source | 105,838,000Source | — |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 3,000Source | 9,000Source | 2,000Source | 9,033Source |
| Additional Paid in CapitalUSD | 262,115,000Source | 204,721,000Source | 90,828,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | -243,627,000Source | -203,828,000Source | -43,661,000Source | -1,589,439Source |
| Stockholders' Equity Attributable to ParentUSD | 18,491,000Source | 902,000Source | 47,169,000Source | 5,000,001Source |
| Additional Paid in Capital, Common StockUSD | — | — | 90,828,000Source | 6,580,407Source |
| Liabilities and EquityUSD | 31,909,000Source | 117,971,000Source | 153,007,000Source | 290,842,420Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 11,104,000Source | 77,794,000Source | 54,400,000Source | 8,499,449Source |
| Accounts Payable, CurrentUSD | 2,980,000Source | — | 32,705,000Source | 5,214,351Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | 3,459,000Source | — |
| Other Liabilities, NoncurrentUSD | 441,000Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | 1,428,000Source | 207,000Source | — |
| Deferred Revenue, CurrentUSD | 23,000Source | 82,000Source | 4,608,000Source | — |
| Deferred Tax Liabilities, NetUSD | 665,000Source | — | — | — |
| Long-term DebtUSD | — | 27,104,000Source | 17,619,000Source | — |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 180,000Source | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,085,000Source | — | — | — |
| Increase (Decrease) in Accounts PayableUSD | -5,848,000Source | — | 2,870,969Source | 2,395,457Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | 216,000Source | -216,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -64,093,000Source | — | -3,412,413Source | -2,041,313Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | 291,819,401Source | 26,930,417Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 48,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | -286,663,710Source | -25,236,515Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | 1,743,278Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 1,878,543Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 7,896,000Source | — | — | — |
| Income Taxes Paid, NetUSD | 342,000Source | — | 225Source | 31,163Source |
| Additional Financial Items | ||||
| AmortizationUSD | — | -2,752,000Source | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 4,650,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | — | 2,752,000Source | — | — |
| DepreciationUSD | 2,029,000Source | 1,275Source | 3,660Source | 3,659Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 721,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 4,314,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -54,000Source | — | — | — |
| GoodwillUSD | — | 10,468,000Source | — | — |
| Goodwill, Impairment LossUSD | 10,468,000Source | 32,100,000Source | — | — |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | 15,319,000Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -40,523,000Source | — | 1,138,201Source | 5,069,191Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 724,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 548,000Source | — | 216,275Source | -215,837Source |
| Investment Income, InterestUSD | — | — | 1,365,456Source | 5,281,923Source |
| Net Income (Loss) Attributable to ParentUSD | -39,799,000Source | — | -5,024,004Source | 989,799Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 11,951,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -5,024,004Source | -3,851,603Source |
| Operating ExpensesUSD | — | — | 6,173,185Source | 4,507,961Source |
| Other Operating Income (Expense), NetUSD | 1,708,000Source | — | — | — |
| Payments for Repurchase of WarrantsUSD | — | — | 8,600,000Source | — |
| Payments of Financing CostsUSD | 55,000Source | 523,000Source | — | — |
| Proceeds from Stock Options ExercisedUSD | 4,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 16,811,000Source | 2,437,000Source | — | — |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 29,533,000Source | — | — | — |
| Operating Income (Loss)USD | -57,166,000Source | — | -6,173,185Source | -4,507,961Source |
| Income Tax Expense (Benefit)USD | 548,000Source | — | 216,275Source | -215,837Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 11,951,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -39,799,000Source | — | -5,024,004Source | 989,799Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 13,756,856Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 13,756,856Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 2,752,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 721,000Source | — | — | — |
| Goodwill, Impairment LossUSD | 10,468,000Source | 32,100,000Source | — | — |
| Gross ProfitUSD | -1,561,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -40,523,000Source | — | 1,138,201Source | 5,069,191Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -2.89Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -2.95Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 724,000Source | — | — | — |
| Interest ExpenseUSD | 764,000Source | 736,000Source | — | — |
| Interest Income (Expense), NetUSD | — | — | 1,365,456Source | — |
| Investment Income, InterestUSD | — | — | 1,365,456Source | 5,281,923Source |
| Investment Income, NetUSD | — | — | 1,365,456Source | 5,281,923Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -5,024,004Source | -3,851,603Source |
| Operating ExpensesUSD | — | — | 6,173,185Source | 4,507,961Source |
| Other Cost and Expense, OperatingUSD | — | 302,000Source | — | — |
| Other IncomeUSD | 931,000Source | — | — | — |
| Other Operating Income (Expense), NetUSD | 1,708,000Source | — | — | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | — | 4,841,402Source |
| Research and Development ExpenseUSD | 15,604,000Source | — | — | — |