Skip to content
MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES · SMALL CAP

Advent Technologies Holdings, Inc. ADNH

6 fiscal years on record · USD · FY2024 reported · SEC filings only
$3.3M
▲ 113.3% YoY
$-41.0M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are an advanced materials and technology development company operating in the fuel cell and hydrogen technology space, including liquid hydrogen carriers such as methanol. Advent’s main operations focus on developing and manufacturing the Membrane Electrode Assembly (MEA) and the fuel cell stack, which is the core electrochemical element and the most critical component of the fuel cell. Our headquarters are in Livermore, California, and we have MEA and fuel cell stack product development facilities in Livermore, California and Patras, Greece. Advent Technologies Holdings, Inc., a Delaware corporation (the “Company”), was originally named AMCI Acquisition Corp. The Company also has extensive know-how and IP in the development of complete fuel cell systems that it intends to license out to OEMs and Tier 1s through technology license agreements. Our business priorities are to expand our network of strategic OEM relationships in the Automotive and large-scale Stationary power markets.

Written from the business description in Advent Technologies Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 6 June 2025. Every sentence was checked against that document before publication.

Growth

USD 3.3M
Revenue, FY2024 · full 6-year series below
Revenue $M Net income $M
FY2024 · Revenue 3.3 · Net income -41.0
-30M-60M
201920222024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−1251 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -560.7% · Net -1251.3%
-1000%-2000%-3000%
201920212024
ROE
FY2023 · ROE -184.0%
-50%-100%-150%
201920212024
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.
Gross margin54.6%
Operating margin-560.7%
Net margin-1251.3%
EBITDAUSD -16.8M

Cash & shareholders

·
returned in FY2024 · dividends + net buybacks
Net buybacks $ Dividends $
FY2021 · Dividends · · Net buybacks 0.0
2000040000
201920202021

Total assetsUSD 8.0M
EquityUSD -21.3M
CashUSD 381,000.00
Current ratio0.09×

Equity funds -266% of total assets.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ADNH, 6-year financial record
Metric 202420232022202120202019
Revenue $B0.00.00.00.00.0◌
Operating income $B−0.0−0.1−0.1−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.1−0.0−0.0◌
Income tax $B−0.0−0.0−0.0−0.00.00.0
Net income $B−0.0−0.1−0.1−0.0−0.00.0
EPS, diluted $−15.65−37.24−43.28−0.45−0.15−0.05
Dividend / sh $◌◌◌◌◌◌
Payout % — not applicable: no dividend——————
ROE %—−184.0−76.5———
Shares out B0.000.000.050.050.03◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 32 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 22 checks were skipped: the balance sheet is not tagged before 2018. 13 checks were skipped: revenue is not tagged before 2020. 12 checks were skipped: EPS is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMiscellaneous Electrical Machinery, Equipment & Supplies
Listed onnot stated in the filings
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2018

Share this section

Download image