Advent Technologies Q4 2022: revenue $2.0M, net loss $47.6M with $38.9M impairment

ADVENT TECHNOLOGIES HOLDINGS, INC.

2023-Q1 EPS reported -$0.23 revenue$977,000

Q4 revenue $2.0M plus $0.4M grants; full-year revenue $7.8M, up 18% YoY.
Net loss $47.6M ($0.92/share) includes $38.9M goodwill/intangible impairment; adjusted net loss $13.2M.
Unrestricted cash $32.9M as of Dec 31, 2022, down $9.5M from Sept 30.
EU ratified €782.1M IPCEI funding for Green HiPo project; working with Greek State on timing.
New Hood Park R&D facility commissioned; JDA with Hyundai for HT-PEM MEA development.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADVENT TECHNOLOGIES HOLDINGS, INC. reported year ended December 31, 2022 results: revenue $7.8 million.

Period: year ended December 31, 2022
Revenue: $7.8 million
Result: reported results

Exact text from the filing

● Full year 2022 revenue of $7.8 million and income from grants of $1.5 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ADVENT TECHNOLOGIES HOLDINGS, INC. reported Q4 2022 results: revenue $2.0 million, net income ($47.6 million), EPS ($0.92).

Period: Q4 2022
Revenue: $2.0 million
Net income: ($47.6 million)
EPS: ($0.92)
Result: reported results

Exact text from the filing

● 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.

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ADVENT TECHNOLOGIES HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001829126-23-002464

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