ADN - Earnings announcements

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 (All comparisons are to Q4 2022, unless otherwise stated) Revenue of $1.5 million and income from grants of $0.8 million, totaling $2.3 million, which represents a decrease of (3.6)% year-over-year. Full year 2023 revenue of $

Company to Report Q4 2023 Results on August 20, 2024 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 the U.S. The conference call I.D. number is 9909908. Participants should dial in 5 to 10 minutes before the scheduled time. Participants can also attend the call virtually by vi

Operational Highlights Signed a term sheet with Airbus to launch a Joint Project for the potential use of HT-PEM fuel cells in aviation. Signed new supply contract with the U.S. Department of Defense of $2.2 million for portable power systems. Received order from a prominent fuel cell integrator in the Asian market with initial value of $1.3 million. Unveiled Advent's range of Serene Power Systems at the 2023 Monaco Yacht Show. Continued discussions with the Greek State to finalize its procedures for state aid funding of Advent's Green HiPo project, following official ratification from the European Commission under the Important Projects of Common European Interest ("IPCEI")

Company to Report Q3 2023 Results on November 14, 2023 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the third quarter ended September 30, 2023 on Tuesday, November 14, 2023 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed

Agreement with BASF to establish end-to-end supply chain for hydrogen fuel cell systems in Europe. Signed MoU with Safran Power Units to advance HT-PEM fuel cell technology for the aerospace sector. Secured $1.1 million contract to supply HT-PEM MEAs for fuel cell-powered trucks in Asia. Working actively with the Greek State for the timely signing of Advent's Green HiPo project, following official ratification from the European Commission under the Important Projects of Common European Interest ("IPCEI") Hy2Tech Program. Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today

Company to Report Q2 2023 Results on August 11, 2023 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the second quarter ended June 30, 2023 on Friday, August 11, 2023 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed via phon

Entered into a joint development agreement with Hyundai following the conclusion of a successful technology assessment. Collaboration with Siemens Energy for maritime fuel cell solution, integrating combined reformer/fuel cell modules into power supply systems for yachts. Opening of the new Hood Park manufacturing facility in Boston, MA, for state-of-the-art development and scale-up production. Agreement with BASF to establish end-to-end supply chain for hydrogen fuel cell systems in Europe. Working actively with the Greek State for the timely signing of Advent's Green HiPo project, following official ratification from the European Commission for funding of up to €782.1 million

Company to Report Q1 2023 Results on May 15, 2023 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the first quarter ended March 31, 2023 on Monday, May 15, 2023 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed via phone thro

Q4 2022 revenue of $2.0 million and income from grants of $0.4 million.  Full year 2022 revenue of $7.8 million and income from grants of $1.5 million. Net loss in Q4 of $47.6 million or $(0.92) per share, including an impairment charge of $38.9 million.  Adjusted net loss in Q4 of $13.2 million or $(0.26) per share. Company holds unrestricted cash reserves of $32.9 million as of December 31, 2022. After official ratification from the European Commission of the European Union for funding of €782.1 million under the Important Projects of Common European Interest ("IPCEI") Hydrogen – Technology for Advent's Green HiPo project, Advent has been working with the Greek State to establish

Company to Report Q4 2022 Results on March 31, 2023 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the fourth quarter and year ended December 31, 2022 on Friday, March 31, 2023 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed

Q3 revenue of $2.4 million, a 43% increase from the prior year third quarter. Income from grants was $0.3 million, and the total of revenue and income from grants was $2.7 million.  Net loss in Q3 of $11.5 million or $0.22 per share. Company holds cash reserves of $42.4 million as of September 30, 2022. Summary of Operational Highlights Official ratification received from the European Commission of the European Union for funding of €782.1 million under the Important Projects of Common European Interest ("IPCEI") Hydrogen – Technology for Advent's Green HiPo project. Three-year agreement with the German State of Brandenburg for the supply of methanol-powered fuel cell systems, whi

Company to Report Q3 2022 Results on November 14, 2022 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the third quarter ended September 30, 2022 on Monday, November 14, 2022 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed via

Q2 revenue of $2.2 million, plus income from grants of $0.2 million, for a total of $2.4 million.  This compares to $1.1 million in the equivalent prior year period, representing a 124% increase.  Net loss in Q2 of $11.1 million or $0.22 per share. Company holds cash reserves of $46.5 million as of June 30, 2022. Notification from the Greek State for funding of €782.1 million under the Important Projects of Common European Interest ("IPCEI") Hydrogen – Technology for Advent's Green HiPo project.  The notification was submitted from the Greek State to the European Union under the IPCEI framework and subsequently ratified by the EU.  Agreement with Hyundai Motor Company for a technol

Company to Report Q2 2022 Results on August 9, 2022 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the second quarter ended June 30, 2022 on Tuesday, August 9, 2022 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed via phone th

Q1 revenue of $1.3 million and income from grants of $0.5 million, for a total of $1.8 million.     Net loss in Q1 of $(4.1) million or $(0.08) per share. Company holds cash reserves of $59.3 million as of March 31, 2022. Advent's next-generation MEA has been provided for testing to select strategic partners. New contracts for advanced electrochemistry components with manufacturers of clean power generation and energy storage solutions. 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 March 31, 2022. All

Company to Report Q1 2022 Results on May 12, 2022 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the first quarter ended March 31, 2022 on Thursday, May 12, 2022 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (888) 660-6182 from the United States, or (929) 203-0891 from outside the U.S. The conference call I.D. number is 3273042. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed via phone throu

Q4 revenue up 714% versus prior year to $2.9 million, on increased customer demand for fuel cell components, and, fuel cell systems from UltraCell (now Advent LLC), SerEnergy (now Advent Technologies A/S), SerEnergy Philippines, Inc. (now Advent Green Energy Philippines, Inc.), and fischer eco solutions (now Advent Technologies GmbH). The Company also collected $3.0 million from SerEnergy customers during Q4 related to pre-acquisition revenue.  Full year 2021 revenue of $7.1 million; on a pro forma basis as if SerEnergy and fischer eco solutions had been acquired at the beginning of the year, 2021 revenue would have been $16.0 million. Net loss in Q4 of $(9.0) million or $(0.18) per sh

Company to Report Q4 2021 Results on March 28, 2022 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 will release its financial results for the fourth quarter ended December 31, 2021 on Monday, March 28, 2022 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (844) 200-6205 from the United States, or (929) 526-1599 from outside the U.S. The conference call I.D. number is 442422. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed via phon

Q3 Revenue up 643% versus prior year to $1.7 million on increased customer demand for Advent product offerings and acquisitions of SerEnergy/fischer eco solutions and UltraCell Income from grants of $0.5 million, on robust activity with research agencies Net loss of $(11.3) million or $(0.23) per share Company holds cash reserves of $92.5 million 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, 2021. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance wi

Company to Report Q3 2021 Results on November 15, 2021 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the third quarter ended September 30, 2021 on Monday, November 15, 2021 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (833) 952-1516 from the United States, or (236) 714-2129 from outside the U.S. The conference call I.D. number is 6371418. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed via

Q2 Revenue up 400% versus prior year on increased customer demand for Advent product offerings and acquisition of UltraCell Net loss of $(3.14) million and adjusted net loss of $(6.79) million excluding warrant valuation adjustment Company holds cash reserves of $116.11 million Strong market interest reflected in high level of commercial activity 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 June 30, 2021. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with U.

Company to Report Q2 2021 Results on August 12, 2021 Advent Technologies Holdings, Inc. (NASDAQ:ADN) ("Advent" or the "Company"), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the second quarter ended June 30, 2021 on Thursday, August 12, 2021 and will host a conference call the same day at 9:00 AM ET to discuss its results. To access the call please dial (833) 952-1516 from the United States, or (236) 714-2129 from outside the U.S. The conference call I.D. number is 1738845. Participants should dial in 5 to 10 minutes before the scheduled time. A replay of the call can also be accessed via phone