ADVENT TECHNOLOGIES HOLDINGS, INC. (ADNH)
Advent Technologies Holdings, Inc., an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America and Europe. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems. The company offers high temperature proton exchange membrane (HT-PEM) fuel cells; and electrodes for applications in the fuel cell and energy storage markets, as well as membrane electrode assemblies (MEA). It is also involved in the design of fuel cell stacks and complete fuel cell systems for stationary power, portable power, automotive, aviation, energy storage, and sensor markets. Advent Technologies Holdings, Inc. is headquartered in Livermore, California.
Sector: Miscellaneous Electrical Machinery, Equipment & Supplies
Industry: Electrical Equipment & Parts
Advent Technologies Holdings, Inc.
OTC:ADNHTechnology · Semiconductors
+0.00%$0.0032
Mkt Cap$12K
Float3.48M
O/S3.79M
Inst Own-
SI0.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.28M
Net Income-$40.99M
Total Assets$8.01M
Free Cash Flow-$6.65M
Debt & Equity
Total Debt$832K
Total Equity-$21.3M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ADNH's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$8.01M
Liabilities$29.3M
Accounts Receivable$1.91M
Accounts Payable$16.73M
Inventory$8K
PP&E (Net)$5.01M
Goodwill$0
Intangible Assets$85K
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $3.28M | $1.54M | $7.84M | $7.07M | $883K | $620K | $374K |
| YoY Growth | 113.3% | -80.4% | 10.9% | 700.9% | 42.3% | 65.9% | - |
| Cost of Revenue | $1.49M | $6.96M | $8.58M | $5.41M | $514K | $397K | $200K |
| Gross Profit | $1.79M | -$5.43M | -$744K | $1.66M | $369K | $223K | $173K |
| Gross Margin | 54.6% | -353.4% | -9.5% | 23.5% | 41.8% | 35.9% | 46.4% |
| Research and Development | $3.23M | $7.57M | $9.8M | $3.54M | $103K | $125K | $100K |
| Selling, General, and Administrative | $17.79M | $29.33M | $37.03M | $33.58M | $3.55M | $864K | $860K |
| Other | -$858K | $8.39M | $37.86M | $8.66M | -$207K | -$592K | -$436K |
| Total Operating Expenses | $20.16M | $45.28M | $84.68M | $45.77M | $3.44M | $397K | $524K |
| Operating Income (EBIT) | -$18.37M | -$50.71M | -$85.43M | -$44.11M | -$3.07M | -$174K | -$351K |
| Operating Margin | -560.7% | -3301.6% | -1090.0% | -624.0% | -348.2% | -28.0% | -93.9% |
| Interest Expense | $535K | $0 | $0 | $52K | $6K | $0 | $0 |
| Interest Income | $0 | $104K | $52K | $0 | $0 | $4.64M | $539K |
| Other Income (Expense) | -$11.7M | -$271K | $9.12M | $22.66M | -$47K | -$97K | -$114K |
| Income Before Tax (EBT) | -$30.07M | -$50.98M | -$76.31M | -$21.45M | -$3.12M | -$270K | -$465K |
| Income Tax Expense | -$55K | -$82K | -$1.97M | -$923K | -$199K | $88K | $101K |
| Net Income | -$40.99M | -$71.4M | -$74.34M | -$20.52M | -$3.12M | -$358K | -$565K |
| Net Income Margin | -1251.3% | -4648.2% | -948.5% | -290.3% | -353.6% | -57.8% | -151.3% |
| Supplementary Data | |||||||
| EPS | -11.46 | -26.55 | -43.28 | -13.44 | -4.56 | -12.10 | 0.00 |
| Diluted EPS | -11.46 | -26.55 | -43.28 | -13.50 | -4.56 | -12.10 | 0.00 |
| Weighted Average OS | 2.62M | 1.92M | 1.72M | 1.52M | 683,963 | 29,606 | 0 |
| EBITDA | -$16.78M | -$38.42M | -$44.62M | -$34.07M | -$3.05M | -$157K | -$329K |
| EBITDA Margin | -512.1% | -2501.2% | -569.3% | -481.9% | -345.7% | -25.4% | -88.1% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $381K | $3.2M | $32.87M | $79.76M | $516K | $520K | $886K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $381K | $3.2M | $32.87M | $79.76M | $516K | $520K | $886K |
| Accounts Receivable | $1.91M | $691K | $3.2M | $9.19M | $1.05M | $368K | $99K |
| Inventory | $8K | $195K | $12.62M | $6.96M | $108K | $0 | $28K |
| Other Current Assets | $0 | $4.53M | $121K | $298K | $24K | -$311K | -$30K |
| Total Current Assets | $2.69M | $8.84M | $49.5M | $97.35M | $1.7M | $578K | $1.02M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $5.01M | $23.99M | $21.99M | $8.59M | $199K | $0 | $68K |
| Goodwill | $0 | $0 | $5.74M | $30.03M | $1.7M | $0 | $0 |
| Intangible Assets | $85K | $79K | $6.06M | $23.34M | $0 | $0 | $0 |
| Long-Term Investments | $0 | $750K | $320K | $0 | $0 | $225.43M | $221.06M |
| Deferred Tax Assets | $0 | $0 | $0 | $1.25M | $0 | $0 | $0 |
| Other Long-Term Assets | $217K | $1.08M | $5.97M | $2.47M | -$1.7M | $0 | -$68K |
| Total Long-Term Assets | $5.31M | $25.9M | $40.09M | $65.68M | $199K | $225.43M | $221.06M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $8.01M | $34.74M | $89.59M | $163.03M | $1.89M | $226.01M | $222.08M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $16.73M | $4M | $4.68M | $4.84M | $881K | $25K | $113K |
| Short-Term Debt | $559K | $0 | $0 | $0 | $2.77M | $500K | $3.43M |
| Current Income Tax Payable | $500K | $179K | $183K | $196K | $40K | $1.23M | $113K |
| Current Unearned Revenue | $3.58M | $937K | $1.82M | $1.32M | $327K | $0 | $0 |
| Other Current Liabilities | $5.32M | $3.71M | $636K | $786K | -$2.75M | -$500K | -$4.54M |
| Total Current Liabilities | $28.77M | $11.91M | $13.67M | $18.87M | $3.43M | $1.28M | $247K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $184K | $0 | $9.8M | $138K | $43K | $0 | $0 |
| Long-Term Unearned Revenue | $248K | $320K | $50K | $0 | $182K | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $2.5M | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$86K | $838K | -$7.88M | $11.32M | $34K | $219.73M | $7.72M |
| Total Long-Term Liabilities | $530K | $9.38M | $11.77M | $13.96M | $259K | $219.73M | $7.72M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $29.3M | $21.29M | $25.44M | $32.83M | $3.69M | $221.01M | $7.97M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $2K | $0 |
| Common Stock | $0 | $8K | $5K | $5K | $3K | $672 | $209.11M |
| Retained Earnings | -$220.15M | -$179.16M | -$107.76M | -$33.42M | -$12.9M | $3.18M | $308K |
| Comprehensive Income & Other | -$157K | -$2.33M | -$2.6M | -$1.27M | $112K | $0 | $129K |
| Other Stockholders' Equity | $198.86M | $192.6M | $171.91M | $163.62M | $11.11M | $1.82M | $4.69M |
| Total Equity | -$21.3M | $13.45M | $64.15M | $130.2M | -$1.79M | $5M | $214.11M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $8.01M | $34.74M | $89.59M | $163.03M | $1.89M | $226.01M | $222.08M |
| Supplementary Data | |||||||
| Total Debt | $832K | $10.36M | $12.08M | $138K | $2.81M | $0 | $3.43M |
| Net Debt | $451K | $7.16M | -$20.79M | -$79.63M | $2.29M | -$520K | $2.54M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | |||||||
| Net Income | -$30.01M | -$50.9M | -$74.34M | -$20.52M | -$3.12M | $2.87M | $308K |
| Depreciation & Amortization | $1.59M | $2.53M | $4.26M | $1.74M | $23K | $17K | $22K |
| Deferred Income Tax | -$55K | -$82K | -$1.97M | -$923K | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $869K | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $66K | $577K | $2.45M | -$305K | -$206K | $0 | $0 |
| Inventory | $217K | $838K | -$5.93M | -$1.6M | -$75K | $0 | $0 |
| Accounts Payable | $9.53M | -$5.52M | -$46K | $2.96M | $574K | $0 | $0 |
| Other Working Capital | $1.79M | $5.33M | $4.49M | -$2.19M | $510K | $1.13M | $118K |
| Total Working Capital Change | $11.6M | $1.22M | $959K | -$1.13M | $802K | $1.13M | $118K |
| Other Non-Cash Items | $10.26M | $15.12M | $38.97M | -$15.01M | $2K | -$4.26M | -$561K |
| Net Cash from Operating | -$6.61M | -$32.11M | -$32.13M | -$35.84M | -$1.43M | -$232K | -$114K |
| Investing Activities | |||||||
| Capital Expenditures | -$83K | -$3.7M | -$14.2M | -$6.14M | -$123K | -$35K | $0 |
| Acquisitions | $1.29M | -$1.61M | $0 | -$19.42M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$316K | $0 | $0 | $0 | -$220.52M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $265K | $0 |
| Other Investing Activities | -$38K | -$926K | $0 | $0 | $0 | -$265K | $0 |
| Net Cash from Investing | $1.17M | -$6.24M | -$14.52M | -$25.56M | -$123K | -$35K | -$220.52M |
| Financing Activities | |||||||
| Debt Repaid | -$559K | - | - | -$118K | - | - | - |
| Common Stock Issuance | $291K | $9.06M | $0 | $262K | $1.45M | $0 | $221.52M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$69K | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $543K | $0 | $0 | $0 | $837K | $5.99M | $0 |
| Net Cash from Financing | $1.39M | $9.06M | -$40K | $141.5M | $882K | $1.35M | $221.52M |
| Forex Effect | $1.13M | -$279K | -$213K | -$859K | $661K | -$32K | $0 |
| Net Change in Cash | -$2.92M | -$29.57M | -$46.9M | $79.25M | -$5K | $1.05M | $886K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$6.61M | -$32.11M | -$32.13M | -$35.84M | -$1.43M | -$631K | -$114K |
| Capital Expenditure | -$36K | -$3.7M | -$14.08M | -$6.14M | -$123K | $4 | $0 |
| Free Cash Flow | -$6.65M | -$35.81M | -$46.21M | -$41.98M | -$1.55M | -$631K | -$114K |
| Cash at Beginning | $3.3M | $32.87M | $79.76M | $516K | $520K | $147K | $0 |
| Cash at End | $381K | $3.3M | $32.87M | $79.76M | $516K | $1.2M | $886K |