RTTNews | Dec 10, 2021 10:24AM EST

10:23 Friday, December 10, 2021 (RTTNews.com) - American Virtual Cloud Technologies, Inc. (AVCT) shares are trading more than 44 percent on Friday morning after the company announced an expanded partnership between its Kandy Communications business unit and mobile customer engagement platform Braidio.

Yesterday, AVCT had announced revenue growth projections of its Kandy business unit to more than $37 million in 2022, up from $18.8 million in 2021. The company said its projected growth is driven by 505 percent year-over-year subscriber growth from January 2019 to till date.

Currently, shares are at $2.72, up 44.64 percent from the previous close of $1.88 on a volume of 93,311,538. The shares have traded in a range of $0.84-$9.62 on average volume of 611,695.

Read the original article on RTTNews ( https://www.rttnews.com/3248544/american-virtual-cloud-rallies-on-partnership-with-kandy-and-braidio.aspx)

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