Advent Technologies Holdings

Advent Technologies Holdings, Inc. operates as an advanced materials and technology development company. It develops, manufactures and assembles hydrogen fuel cell components. The company was founded on June 18, 2018 and is headquartered in Boston, MA.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Advent Technologies reports Q4 revenue, focuses on fuel cell tech

Advent Technologies is navigating financial challenges while advancing its High-Temperature PEM fuel cell technology with a focus on efficiency and cost competitiveness.
The company's collaborations with key industry players and operational restructuring efforts position it for future growth and market penetration.
Opportunities for Advent include securing additional capital, focusing on MEA innovation, and leveraging strategic partnerships for technology commercialization.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Advent Technologies Holdings, Inc. operates as an advanced materials and technology development company. It develops, manufactures and assembles hydrogen fuel cell components. The company was founded on June 18, 2018 and is headquartered in Livermore, CA.

LIVERMORE, Calif.--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today announced that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") confirming that the Company has rectified its previous deficiency related to the filing of its annual report on Form 10-K on August 13, 2024. The letter also informed Advent Technologies that it remains nonco.

Advent Technologies Receives Nasdaq Notification Regarding Compliance with Listing Requirements and Appoints Three New Directors

Advent Technologies Holdings, Inc. (NASDAQ:ADN ) Q4 2023 Earnings Call Transcript August 20, 2024 9:00 AM ET Company Participants Vasilis Gregoriou - Chairman, CEO, and Acting CFO Operator Good morning, everyone. I will be your conference operator today.

Advent Technologies Holdings, Inc. (ADN) Q4 2023 Earnings Call Transcript

LIVERMORE, Calif.--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, announced on Tuesday, August 13, 2024 its consolidated financial results for the three months and year ended December 31, 2023. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Q4 2023 Financial Highlights.

Advent Technologies Reports Q4 2023 Results

LIVERMORE, Calif.--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today announced that it will host a conference call on Tuesday, August 20, 2024 at 9:00 AM ET to discuss its fourth quarter and fiscal 2023 financial results. A press release containing these results will be issued before the call. To access the call please dial (800) 715-9871 from the United States, or +1 (646) 307-1963 from outside.

Advent Technologies Announces Date for Fourth Quarter and Fiscal 2023 Earnings Call

LIVERMORE, Calif.--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today announced that the Company entered into a Securities Purchase Agreement, with an institutional investor pursuant to which the Investor will lend the Company $1,000,000. The Investor has also agreed to provide the Company with a one-year revolving line of credit for $2,000,000 upon the Company's filing of a Registration Statemen.

Advent Technologies Reaches Agreement for up to $3 Million in Debt from Institutional Investor

LIVERMORE, Calif.--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today announced updates on its plan for streamlining operations post acquisitions. As part of the operational plan announced earlier this year in the investor presentation (https://ir.advent.energy/notices-and-presentations/default.aspx), Advent intends to: reduce operational and facility expenses for 2024, with a target of total cos.

Advent Technologies Update on Streamlining Operations

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (Nasdaq: ADN) announced today that, as expected, it received a notice from Nasdaq on May 24, 2024, notifying the Company that it is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) because the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2024 (“First Quarter 10-Q”) was not filed with the Securities and Exchange Commission (the “SEC”) by t.

Advent Technologies Holdings Receives Nasdaq Notice on Late Filing of its Form 10-Q

Energy Vault Holdings

SACRAMENTO, Calif.--(BUSINESS WIRE)-- #agencyacquisition--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, proudly announces its 15th acquisition in the state of Texas with the successful integration of Brazos Valley Insurance Agency. This strategic move further solidifies Inszone's commitment to enhancing its presence in the Texas market and marks another significant milestone in the company's ongoing expansion. Brazos Valley Insurance Agency was esta.

Inszone Insurance Services Marks 15th Acquisition in Texas with Addition of Brazos Valley Insurance Agency

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (Nasdaq: ADN) (“Advent” or the “Company”) announced today that it will file a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware after the close of business on Monday, May 13, 2024 to effectuate its previously announced 1-for-30 reverse stock split of its issued and outstanding common stock (the “Reverse Split”). The Company expects its common stock and publi.

Advent Technologies Holdings Announces Effective Date of Reverse Stock Split

Huntington Ingalls Industries

Cadre Holding

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 3 Industrial Stocks That May Rocket Higher This Quarter - Huntington Ingalls Indus (NYSE:HII)

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (Nasdaq: ADN) (“Advent” or the “Company”) announced today that it will move forward with a 1-for-30 reverse stock split of its issued and outstanding common stock. The Company expects its common stock to begin trading on a split-adjusted basis on the Nasdaq Capital Market (“Nasdaq”) with the opening of trading at a date to be determined by the Company's Board of Directors. The reverse stock split was approved on April 30, 2024 by Adven.

Advent Technologies Holdings Approves Reverse Stock Split

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (Nasdaq: ADN) announced today that, as expected, it received a notice from Nasdaq on April 17, 2024, notifying the Company that it is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) because the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (“Fiscal Year 2023 10-K”) was not filed with the Securities and Exchange Commission (the “SEC”) b.

Advent Technologies Holdings Receives Nasdaq Notice on Late Filing of its Form 10-K

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc., an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advent Technologies A/S (“Advent”), has signed a Joint Development Agreement (“JDA”) with Siemens Energy, one of the world's leading energy technology companies. The newly signed JDA outlines the collaboration between Advent and Siemens Energy, combining Advent's HT-PEM fuel cell 50kW modules utilizing.

Advent Technologies Signs Strategic Joint Development Agreement with Siemens Energy to Expedite the Decarbonization of the Maritime Sector

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space (the “Company” or “Advent”), is pleased to announce that its subsidiary, Advent Technologies A/S, has received approval for funding for its latest research and development project, RiverCell 3. This project aims to develop a maritime fuel cell system resulting in an auxiliary power unit with a total capacity exceeding 500kW. This will be accomplis.

Advent Technologies Participates in $12.4 Million Project to Reduce GHG Emissions in the Maritime Sector

BOSTON--(BUSINESS WIRE)--Advent Technologies, an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advanced Energy Technologies S.A., has received the formal invitation from the Greek Ministry of Economy and Finance to immediately submit the requested documentation for its Green HiPo Important Project of Common European Interest (“IPCEI”) project. After Advent submits the requested documentation, the Greek Ministr.

Advent Technologies Receives Formal Invitation from Greek State for €24 Million Grant for the Green HiPo IPCEI Project

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space, announced today the appointment of Naiem Hussain as its new Chief Financial Officer pending the completion of the company's hiring protocols. Formerly serving as Advent's Chief Investment Officer, Mr. Hussain brings extensive expertise in corporate finance, with a focus on IPOs, fundraisings, and mergers and acquisitions within the energy technol.

Advent Technologies Announces Appointment of Naiem Hussain as Chief Financial Officer

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space, is delighted to announce that its subsidiary, Advent Technologies, A/S, has secured funding approval for its latest research and development project from the Danish Energy Technology Development and Demonstration Program (“EUDP”). The project, titled 'Modular Efficient Power Generation with Advanced Fuel Cell Power Converters', has secured total.

Advent Technologies Secures Funding from Danish Energy Technology Development and Demonstration Program for Innovative R&D Project

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today announced that it has entered into securities purchase agreements with institutional and accredited investors to purchase 10,000,000 shares of common stock in a registered direct offering at a per share purchase price of $0.20, resulting in gross proceeds of $2,000,000. The transaction is expected to close on o.

Advent Technologies Announces $2 Million Registered Direct Offering of Common Stock

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to unveil the SereneP, a cutting-edge product line set to redefine portable power solutions with a particular focus on construction and EV charging applications. Advent's SereneP offers unparalleled flexibility, configurable to exact power needs ranging from 10kVA to 300kVA. It combines a battery and a fuel cell, and operates seamlessl.

Advent Technologies Launches Portable Clean Power Solution for Construction and EV Charging Applications

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce the signing of a new frame contract with Volta Energy. Volta Energy, a Dutch company founded by brothers Roel and Luc Bleumer, specializes in the development of hybrid mobile power products and offers total mobile energy supply solutions to sectors such as construction, festivals, and events. U.

Advent Technologies Secures €1.8 Million Frame Contract with Volta Energy for the Supply of Methanol-Powered Fuel Cell Units

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space, is delighted to announce that its subsidiary, Advent Technologies, LLC, has secured an additional new $2.8 million contract with the U.S. Department of Defense (DoD). This milestone achievement augments Advent's $2.2 million contract that was announced on September 7, 2023, which focuses on finalizing the design of the Honey Badger 50™ (“HB50”) p.

Advent Technologies Secures Additional New Contract worth $2.8 Million from U.S. Department of Defense for its Portable Fuel Cell System

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it has received a notification letter from Nasdaq Stock Market LLC (“Nasdaq”) that the Company has been granted an additional 180-day compliance period, or until May 20, 2024, to regain compliance with Nasdaq's minimum bid price rule. Nasdaq's determination is based on the Company meeting the continued listing requ.

Advent Technologies Granted 180-Day Extension by NASDAQ to Regain Compliance with Minimum Bid Requirement

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce that its wholly owned subsidiary, Advent Technologies S.A. has received an update from the Greek State regarding the implementation of the Green HiPo IPCEI Hy2Tech project (the “Green HiPo Project”). In a letter dated November 13, 2023, signed by the Governor of the Just Transition Special Authority (“JTSA”), a d.

Advent Technologies Receives Funding Update for €60 Million to Launch Green HiPo IPCEI Project

Advent Technologies Holdings, Inc. (NASDAQ:ADN ) Q3 2023 Earnings Conference Call November 14, 2023 9:00 AM ET Company Participants Vasilis Gregoriou - Chairman and CEO Kevin Brackman - CFO Conference Call Participants Sean Urquhart - Hannam & Partners Roger Bell - Hannam & Partners Operator Good morning, everyone. I will be your conference operator today.

Advent Technologies Holdings, Inc. (ADN) Q3 2023 Earnings Call Transcript

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced consolidated financial results for the three months ended September 30, 2023. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Q3 2023 Financial Highlights (All comparisons are to Q3 2022, unless othe.

News for Advent Technologies Holdings Stock (ADN)