American Virtual Cloud Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 3.72 million compared to USD 4.96 million a year ago. Net income was USD 8.35 million compared to net loss of USD 15.91 million a year ago. Basic earnings per share from continuing operations was USD 1.35 compared to basic loss per share from continuing operations of USD 10.95 a year ago. Diluted loss per share from continuing operations was USD 1.2 compared to USD 10.95 a year ago. Basic earnings per share was USD 1.35 compared to basic loss per share of USD 11.7 a year ago. Diluted loss per share was USD 1.2 compared to USD 11.7 a year ago.
For the six months, revenue was USD 7.82 million compared to USD 8.47 million a year ago. Net loss was USD 5.53 million compared to USD 38.53 million a year ago. Basic loss per share from continuing operations was USD 1.05 compared to USD 26.7 a year ago. Diluted loss per share from continuing operations was USD 2.1 compared to USD 26.7 a year ago. Basic loss per share was USD 0.9 compared to USD 28.65 a year ago. Diluted loss per share was USD 2.1 compared to USD 28.65 a year ago.