secwatch.observer — SEC 8-K summary
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Issuer:     ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH)
CIK:        0001744494
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001829126-23-007367
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 Q3 net loss $11.8M, revenue $1.3M; signs Airbus term sheet, DoD contract
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623007367/0001829126-23-007367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1744494/000182912623007367/adventtechno_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-007367

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