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American Virtual Cloud Technologies (American Virtual Cloud Technologies) Net Income : $-35.93 Mil (TTM As of Mar. 2023)


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What is American Virtual Cloud Technologies Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. American Virtual Cloud Technologies's Net Income for the three months ended in Mar. 2023 was $-10.01 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was $-35.93 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. American Virtual Cloud Technologies's Earnings per Share (Diluted) for the three months ended in Mar. 2023 was $-0.30.


American Virtual Cloud Technologies Net Income Historical Data

The historical data trend for American Virtual Cloud Technologies's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Virtual Cloud Technologies Net Income Chart

American Virtual Cloud Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Dec21 Dec22
Net Income
Get a 7-Day Free Trial -2.52 0.99 -5.02 -161.39 -39.80

American Virtual Cloud Technologies Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.88 8.35 -25.55 -8.72 -10.01

American Virtual Cloud Technologies Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

American Virtual Cloud Technologies's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-39.975+-0.548+0.724+7.105427357601E-15
=-39.80

American Virtual Cloud Technologies's Net Income for the quarter that ended in Mar. 2023 is calculated as

Net Income(Q: Mar. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-9.94+-0.065+0+-1.7763568394003E-15
=-10.01

Net Income for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35.93 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


American Virtual Cloud Technologies  (OTCPK:AVCTQ) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

American Virtual Cloud Technologies's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


American Virtual Cloud Technologies Net Income Related Terms

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American Virtual Cloud Technologies (American Virtual Cloud Technologies) Business Description

Traded in Other Exchanges
N/A
Address
1720 Peachtree Street, Suite 629, Atlanta, GA, USA, 30309
American Virtual Cloud Technologies Inc is engaged in the business of providing IT solutions. The company, along with its subsidiaries, offers various services like private & hybrid data centers, enterprise networking solutions, unified cloud communications, managed services, cybersecurity, and enhanced connectivity. It caters its services to different sectors such as Energy, Finance, Healthcare, Manufacturing & logistics, Public sector, Retail and hospitality, Technology service providers, and Others. It has two segments Computex and Kandy. Geographically, it generates the majority of its revenue from the domestic market.
Executives
Charles E. Sweet director 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Ribbon Communications Inc. 10 percent owner 6500 CHASE OAKS BOULEVARD, PLANO TX 75023
Adrian Foltz officer: Chief Financial Officer 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Onex Evans officer: Chief Accounting Officer 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Michael Tessler director C/O BROADSOFT, INC., 220 PERRY PARKWAY, GAITHERSBURG MD 20877
Mock Lawrence E, Jr. director ONE BUCKHEAD PLAZA, 3060 PEACHTREE RD, SUITE 780, ATLANTA GA 30305
Dennis P Lockhart director 100 GOLF ROAD, GOLF IL 60029
Pensare Sponsor Group, Llc 10 percent owner 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Fund I, L.p. 10 percent owner 2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305
Navigation Capital Partners, Inc. 10 percent owner 2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Navigation Capital Partners Ii, L.p. 10 percent owner 2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Stratos Management Systems Holdings Llc 10 percent owner 2870 PEACHTREE RD. NW, UNIT 509, ATLANTA GA 30305
Kevin Keough officer: President 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Robert E. Willis director C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Spac Opportunity Partners, Llc 10 percent owner 2870 PEACHTREE ROAD NW, SUITE 509, ATLANTA GA 30305

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