AVCtechnologies Announces Significant Projected Revenue Growth of Kandy, its Cloud Communications Platform

ATLANTA, Dec. 08, 2021 (GLOBE NEWSWIRE) -- American Virtual Cloud Technologies, Inc. (AVCtechnologies) (Nasdaq: AVCT) today announced that it projects revenues of its Kandy Business Unit to grow from $14.3 million in 2020 to approximately $18.8 million in 2021 and in excess of $37 million in 2022. The significant projected growth is driven by 505% year-over-year subscriber growth (90% CAGR) from January 2019 to today.

Read more at globenewswire.com