secwatch.observer — SEC 8-K summary
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Issuer:     ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH)
CIK:        0001744494
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001829126-23-002464
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623002464/0001829126-23-002464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623002464/adventtechnologies_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-002464

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer