---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-003359"
form_type: "8-K"
ticker: "ADNH"
cik: "0001744494"
company_name: "ADVENT TECHNOLOGIES HOLDINGS, INC."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:21:17.958009+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Advent Q1 revenue $1.5M total, net loss $12M; Hyundai JDA and Hood Park facility opened

## Summary
- Revenue $1.0M plus grants $0.5M for $1.5M total; net loss $(12.0)M or $(0.23)/share.
- Unrestricted cash $19.5M at March 31, 2023, down $13.4M from Dec 31, 2022, due to R&D and capex.
- Entered Joint Development Agreement with Hyundai after successful HT-PEM MEA technology assessment.
- Collaboration with Siemens Energy for maritime fuel cell; initial order for 20 Serene systems.
- Opened Hood Park R&D/manufacturing facility in Boston; agreement with BASF for closed-loop supply chain.

## SEC filing metadata
- accession: 0001829126-23-003359
- form_type: 8-K
- ticker: ADNH
- cik: 0001744494
- company_name: ADVENT TECHNOLOGIES HOLDINGS, INC.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744494/000182912623003359/0001829126-23-003359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744494/000182912623003359/adventtechnologies_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-003359
- JSON: https://secwatch.observer/filing/0001829126-23-003359.json
- Plain text: https://secwatch.observer/filing/0001829126-23-003359.txt

## Key facts
- Earnings Releases
  ADVENT TECHNOLOGIES HOLDINGS, INC. reported the three months ended March 31, 2023 results: revenue $1.0 million, net income $(12.0) million, EPS $(0.23) per share.
  - Period: the three months ended March 31, 2023
  - Revenue: $1.0 million
  - Net income: $(12.0) million
  - EPS: $(0.23) per share
  - Result: reported results
  source text: Q1 2023 Financial Highlights (All comparisons are to Q1 2022, unless otherwise stated) ● Revenue of $1.0 million and income from grants of $0.5 million, for a total of $1.5 million. ● Operating expenses of $11.6 million, a year-over-year decrease of $1.0 million, as administrative cost reductions implemented throughout 2022 were partially offset by an increase in research and development expenses. ● Net loss in Q1 of $(12.0) million or $(0.23) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623003359/0001829126-23-003359-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.