Advent Technologies Q3 net loss $11.8M, revenue $1.3M; signs Airbus term sheet, DoD contract

ADVENT TECHNOLOGIES HOLDINGS, INC.

2023-Q3 EPS reported -$0.83 revenue$3,353,000

Q3 2023 revenue $1.3M plus grants $0.5M = $1.8M total; net loss $(11.8)M or $(0.20) per share.
Unrestricted cash $3.7M as of Sep 30, down $6.4M from June 30; includes $2.1M from equity line.
Signed term sheet with Airbus for multi-million $, 2-year joint HT-PEM MEA benchmarking project.
New $2.2M contract with U.S. DoD to optimize HB50 fuel cell with Ion Pair MEA over 12 months.
Expansion order from Asian fuel cell integrator, initial value $1.3M; supplies Serene fuel cell stacks.

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 0.9

ADVENT TECHNOLOGIES HOLDINGS, INC. reported financial results for the three months ended September 30, 2023.

Period: the three months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 14, 2023, Advent Technologies Holdings, Inc., a Delaware corporation (the “Company”), issued a press release (the “Earnings Release”) reporting its financial results for the three and nine months ended September 30, 2023.

View on SEC.gov

Browse all earnings releases →

ADVENT TECHNOLOGIES HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001829126-23-007367

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.