---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-005325"
form_type: "8-K"
ticker: "ADNH"
cik: "0001744494"
company_name: "ADVENT TECHNOLOGIES HOLDINGS, INC."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:49:55.765932+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Advent Tech Q2 net loss $21.8M, cash burn accelerates; BASF/Safran partnerships signed

## Summary
- Q2 2023 revenue $1.1M plus grants $0.7M total $1.8M; net loss $21.8M ($0.41/share) vs prior year.
- Unrestricted cash $10.1M at June 30, down $9.5M from March 31; includes $3.4M from equity line.
- Recorded $9.8M asset impairment charges related to goodwill and intangibles from 2021 acquisitions.
- Signed agreement with BASF for HT-PEM fuel cell supply chain; MoU with Safran for aerospace fuel cells.
- Secured $1.1M contract to supply HT-PEM MEAs for fuel-cell trucks in Asia; Green HiPo project update.

## SEC filing metadata
- accession: 0001829126-23-005325
- form_type: 8-K
- ticker: ADNH
- cik: 0001744494
- company_name: ADVENT TECHNOLOGIES HOLDINGS, INC.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744494/000182912623005325/0001829126-23-005325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744494/000182912623005325/adventtechnologies_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-005325
- JSON: https://secwatch.observer/filing/0001829126-23-005325.json
- Plain text: https://secwatch.observer/filing/0001829126-23-005325.txt

## Key facts
- Earnings Releases
  ADVENT TECHNOLOGIES HOLDINGS, INC. reported financial results for the six months ended June 30, 2023.
  - Period: the six months ended June 30, 2023
  - Result: reported results
  source text: Advent Technologies Holdings, Inc., a Delaware corporation (the “Company”), issued a press release (the “Earnings Release”) reporting its financial results for the three and six months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623005325/0001829126-23-005325-index.htm
- Earnings Releases
  ADVENT TECHNOLOGIES HOLDINGS, INC. reported the three months ended June 30, 2023 results: revenue $1.1 million.
  - Period: the three months ended June 30, 2023
  - Revenue: $1.1 million
  - Result: reported results
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1744494/000182912623005325/0001829126-23-005325-index.htm

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