secwatch.observer — SEC 8-K summary
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Issuer:     ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH)
CIK:        0001744494
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001829126-23-003359
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623003359/0001829126-23-003359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623003359/adventtechnologies_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-003359

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