American Virtual Cloud Technologies now operates under the Kandy brand name. Kandy establishes and operates cloud-based communications marketplaces for telecom carriers, offering proprietary API Enablement services such as Microsoft Teams Direct Routing as a Service, and SIP Trunking as a Service capabilities. For more information, visit https://www.avctechnologies.com.
Company profile
Ticker
AVCTQ
Exchange
Website
CEO
Xavier Williams
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PENSARE ACQUISITION Corp
SEC CIK
Corporate docs
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. ...
AVCTQ stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
30 May 23
8-K
Bankruptcy or Receivership
30 May 23
10-Q
2023 Q1
Quarterly report
12 May 23
8-K
Other Events
11 Apr 23
8-K
Changes in Control of Registrant
7 Apr 23
10-K
2022 FY
Annual report
7 Apr 23
NT 10-K
Notice of late annual filing
31 Mar 23
8-K
Completion of Acquisition or Disposition of Assets
24 Mar 23
8-K
Entry into a Material Definitive Agreement
13 Mar 23
8-K
Regulation FD Disclosure
7 Mar 23
Latest ownership filings
SC 13G/A
CVI Investments, Inc.
14 Feb 23
SC 13G/A
MASTEC INC
8 Feb 23
SC 13G/A
Hudson Bay Capital Management LP
6 Feb 23
3
Charles E. Sweet
29 Dec 22
SC 13G
CVI Investments, Inc.
27 Oct 22
4
Change in insider ownership
21 Sep 22
SC 13D/A
Ribbon Communications Inc.
21 Sep 22
3
Adrian Foltz
30 Aug 22
3
Onex Evans
30 Aug 22
4
Michael Tessler
11 Aug 22
Financial summary
Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Mar 20 | |
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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) | 13.33 mm | 13.33 mm | 13.33 mm | 13.33 mm | 13.33 mm | 13.33 mm |
Cash burn (monthly) | (no burn) | 645.58 k | 2.88 mm | 4.46 mm | 1.81 mm | 3.14 mm |
Cash used (since last report) | n/a | 7.71 mm | 34.40 mm | 53.22 mm | 21.65 mm | 37.46 mm |
Cash remaining | n/a | 5.62 mm | -21.08 mm | -39.90 mm | -8.32 mm | -24.14 mm |
Runway (months of cash) | n/a | 8.7 | -7.3 | -9.0 | -4.6 | -7.7 |
Institutional ownership, Q1 2023
39.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 5 |
Opened positions | 0 |
Closed positions | 24 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 26.08 mm |
Total shares | 13.28 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Navigation Capital Partners Ii | 10.23 mm | $18.92 mm |
CVI Investments | 1.71 mm | $0.00 |
Linden Capital | 993.51 k | $7.15 mm |
MTZ Mastec | 333.47 k | $0.00 |
Wedbush Securities | 15.00 k | $0.00 |