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Private company

American Virtual Cloud Technologies, Inc.

American Virtual Cloud Technologies, Inc. is an American computer integrated systems design services company based in Atlanta.1

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Computer Integrated Systems Design1
  • HeadquartersAtlanta, Georgia1
  • Incorporated inDE2
  • Business address1720 Peachtree Street, Suite 629, Atlanta, Ga 303092
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-9.3%Gross margin3
-340.1%Operating margin3
-236.7%Net margin3
-16.2%Revenue growth, 20223
-215.2%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue28¢$18.4M
  • Research and development24¢$15.6M
  • Selling, general and admin46¢$29.5M
  • Interest1¢$764.0K
  • Income tax1¢$548.0K

Out of $16.8M in revenue.3 The company lost money this year.

Financial statements

Revenue3$16.8M in 2022−16% since 2021
0$10.0M$20.0M$30.0M2021: $20.0M$20.0M20212022: $16.8M$16.8M2022−16%
Gross profit3-$1.6M in 2022
-$2.0M0$2.0M$4.0M2021: $3.9M$3.9M20212022: -$1.6M-$1.6M2022
Operating income4563-$57.2M in 2022+96476% since 2017
-$80.0M-$60.0M-$40.0M-$20.0M02017: -$59.2K-$59.2K20172018: -$3.9M-$3.9M2018+6555%2019: -$4.5M-$4.5M2019+14%2020: -$6.2M-$6.2M2020+37%2021: -$79.4M-$79.4M2021+1187%2022: -$57.2M-$57.2M2022−28%
Net income4563-$39.8M in 2022+67136% since 2017
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2017: -$59.2K-$59.2K20172018: -$2.5M-$2.5M2018+4157%2019: $989.8K$989.8K20192020: -$5.0M-$5.0M20202021: -$161.4M-$161.4M2021+3112%2022: -$39.8M-$39.8M2022−75%
Fiscal year201720182019202020212022
Revenue$20.0M3$16.8M3
Cost of revenue$16.2M3$18.4M3
Gross profit$3.9M3-$1.6M3
Research and development$17.9M3$15.6M3
Selling, general and admin$36.4M3$29.5M3
Operating income-$59.2K4-$3.9M5-$4.5M6-$6.2M6-$79.4M3-$57.2M3
Interest$736.0K10$764.0K3
Income tax$184.0K5-$215.8K6$216.3K6$548.0K3
Net income-$59.2K4-$2.5M5$989.8K6-$5.0M6-$161.4M3-$39.8M3
Shares (weighted, basic)2.4M shares313.8M shares3
Shares (weighted, diluted)2.4M shares313.8M shares3

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Corporate structure

American Virtual Cloud Technologies, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of American Virtual Cloud Technologies, Inc.

  • CVI Investments, Inc. Filed SC 13G/A on American Virtual Cloud Technologies, Inc., latest Feb 14, 2023 (2 filings since Oct 27, 2022)
  • MasTec Filed SC 13G/A on American Virtual Cloud Technologies, Inc., latest Feb 8, 2023
  • Hudson Bay Capital Management LP Filed SC 13G/A on American Virtual Cloud Technologies, Inc., latest Feb 6, 2023 (2 filings since Feb 8, 2022)
  • Ribbon Communications Filed SC 13D/A on American Virtual Cloud Technologies, Inc., latest Sep 21, 2022
  • NAVIGATION CAPITAL PARTNERS II, L.P. Filed SC 13D/A on American Virtual Cloud Technologies, Inc., latest Nov 17, 2021 (3 filings since Oct 7, 2021)
  • American Virtual Cloud Technologies, Inc. Atlanta, Georgia

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What American Virtual Cloud Technologies, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$8.2M3 Dec 31, 2022$6.1M3 Dec 31, 2021+33.7%
Property and equipment, before depreciation$6.1M10 Dec 31, 2021$3.2M10 Dec 31, 2020+94.4%
Accumulated depreciation$3.4M3 Dec 31, 2022$1.4M3 Dec 31, 2021+146.9%
Property and equipment, net$4.8M3 Dec 31, 2022$4.8M3 Dec 31, 2021+0.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$12.6M3 Dec 31, 2022$31.1M3 Dec 31, 2021−59.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$10.5M3 Dec 31, 2021$24.1M10 Dec 31, 2020−56.6%

Leadership

Who has led American Virtual Cloud Technologies, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Darrell J. Mays2017–2020
  2. Xavier Williams2020

President

  1. Robert E. Willis2017
  2. Kevin Keough2021

Chief financial officer

  1. Thomas H. King2020
  2. Adrian Foltz2022

Chief operating officer

  1. Graham McGonigal2020
20202025
Board members and other officers (17)

Former names

  • PENSARE ACQUISITION CorpMay 19, 2017 to Apr 7, 20202

Timeline

  1. May 30, 20238-K Bankruptcy or receivership33
  2. Apr 11, 20238-K Other events34
  3. Apr 7, 20238-K Change in control35
  4. Mar 24, 20238-K Completed an acquisition or sale36
  5. Mar 13, 20238-K Entered a material agreement; Other events37
  6. Mar 7, 20238-K Regulation FD disclosure38
  7. Feb 22, 20238-K Entered a material agreement39
  8. Feb 15, 20238-K Entered a material agreement40
  9. Jan 12, 20238-K Listing notice or transfer41
  10. Jan 11, 20238-K Bankruptcy or receivership; Listing notice or transfer42
  11. Dec 21, 20228-K Executive or director change43
  12. Oct 25, 20228-K Entered a material agreement; Unregistered sale of shares; Other events44
  13. Oct 16, 2020New chief executive Xavier Williams becomes CEO11
  14. Jul 27, 2017New chief executive Darrell J. Mays becomes CEO12

Filings

128 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 40 major events, 25 insider forms, 9 large holders, 4 private raises, 43 other. The latest 20:

  1. May 30, 202315-12G CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION EDGAR
  2. May 30, 20238-K CURRENT REPORT EDGAR
  3. May 12, 202310-Q QUARTERLY REPORT EDGAR
  4. Apr 11, 20238-K CURRENT REPORT EDGAR
  5. Apr 7, 20238-K CURRENT REPORT EDGAR
  6. Apr 7, 202310-K ANNUAL REPORT EDGAR
  7. Mar 31, 2023NT 10-K NOTIFICATION OF LATE FILING EDGAR
  8. Mar 24, 20238-K CURRENT REPORT EDGAR
  9. Mar 13, 20238-K CURRENT REPORT EDGAR
  10. Mar 7, 20238-K CURRENT REPORT EDGAR
  11. Feb 22, 20238-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR
  12. Feb 15, 20238-K CURRENT REPORT EDGAR
  13. Feb 14, 2023SC 13G/A EDGAR
  14. Feb 8, 2023SC 13G/A EDGAR
  15. Feb 6, 2023SC 13G/A AVCT 13GA EDGAR
  16. Jan 12, 20238-K CURRENT REPORT EDGAR
  17. Jan 11, 20238-K CURRENT REPORT EDGAR
  18. Dec 29, 20223 EDGAR
  19. Dec 21, 20228-K CURRENT REPORT EDGAR
  20. Dec 1, 2022424B3 PROSPECTUS EDGAR

The 128 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 2 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 2, 2022Tessler MichaelDirectorSale41,667$0.18$7.5KForm 4
May 20, 2022MOCK LAWRENCE E, JR.DirectorBuy250,000$0.40$100.0KForm 4
May 19, 2022LOCKHART DENNIS PDirectorBuy260,000$0.39$101.4KForm 4
May 2, 2022Tessler MichaelDirectorSale41,667$0.61$25.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$40.0M 2021–2022
Money received by yearMoney received by year, 2021–2022: $40.0M in all. Private raises (Form D) $40.0M.$0$10M$20M$30M2021 · Private raises (Form D): $30.0M20212022 · Private raises (Form D): $10.0M2022
Figures by year
YearPrivate raises (Form D)Total
2022$10.0M$10.0M
2021$30.0M$30.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Apr 19, 2022Raised $10 million in a private offering of debt50 Form D: 1 investor so far Form D
  2. Dec 15, 2021Raised $25 million in a private offering of securities51 Form D: 1 investor so far Form D
  3. Dec 2, 2021Filed a private offering of securities52 Form D: 6 investors so far Form D
  4. Nov 5, 2021Raised $5 million in a private offering of securities53 Form D: 1 investor so far Form D

SEC filer profile

How American Virtual Cloud Technologies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAmerican Virtual Cloud Technologies, Inc.1
  • CIK0001704760
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7373 Services-Computer Integrated Systems Design1
  • Business address1720 Peachtree Street, Suite 629, Atlanta, GA 303091
  • Phone404-234-30981
  • Shares outstanding33,532,473 as of May 11, 20239
  • Public float$13.0M as of Jun 30, 20223
  • On EDGAR sinceMay 19, 20171
  • Filings381 in all: 8-K (85), 4 (52), 3 (32), SC 13G/A (19), 10-Q (18), DEFA14A (18), CORRESP (17), UPLOAD (16)1
    All 41 form types

    SC 13G (14), 424B5 (8), DEF 14A (8), EFFECT (8), 424B3 (7), SC 13D/A (7), 10-K (6), NT 10-Q (6), PRE 14A (6), PRER14A (6), S-3 (6), 8-K/A (5), 4/A (4), D (4), SC 13D (4), S-1/A (3), 10-K/A (2), 25-NSE (2), NT 10-K (2), PREM14A (2), S-1 (2), 15-12G (1), 3/A (1), 424B4 (1), 8-A12B (1), CERTNAS (1), DEF 14C (1), DEFM14A (1), DRS (1), PRE 14C (1), S-1MEF (1), S-3/A (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Apr 7, 2023
    Quarterly report (10-Q) May 12, 2023
    Proxy statement (DEF 14A) May 2, 2022
    Latest 8-K (8-K) May 30, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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