advent technologies is a world leader in the development of high-temperature membrane electrode assembly (mea) technology for use in high-temperature pem fuel cells and hydrogen clean up devices. our materials and components are used to enable clean energy solutions in: • specialty fuel cell applications: military battery rechargers, aerospace, telecom, remote power, hydrogen generation. • drastically improve wind and solar energy storage (redox flow batteries). this is the #1 problem to solve to match production with demand for these sectors. we have also collaborated to deliver solutions in the very important fields of: • home energy: very efficient (>90%) clean electricity and heat from natural gas. over 100,000 of these systems sold. but they are expensive due to platinum. we have managed to make them platinum free. • car/transportation: charge your car in 5 minutes with h2 from natural gas, go 300 miles. it takes hours for an electric car. unlike an electric car fuel cells are tru
Company profile
Ticker
ADN
Exchange
Website
CEO
William Hunter
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMCI Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
Advent Technologies Inc. • Advent Technologies LLC • Advent Technologies SA • Advent Technologies A/S • Advent Technologies GmbH • Advent Green Energy ...
IRS number
830632724
ADN stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
18 Mar 24
8-K
Departure of Directors or Certain Officers
11 Mar 24
8-K
Other Events
25 Jan 24
8-K/A
Departure of Directors or Certain Officers
17 Jan 24
8-K
Departure of Directors or Certain Officers
11 Jan 24
424B5
Prospectus supplement for primary offering
28 Dec 23
8-K
Advent Technologies Announces $2 Million Registered Direct Offering of Common Stock
27 Dec 23
424B5
Prospectus supplement for primary offering
27 Dec 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
22 Nov 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
Transcripts
ADN
Earnings call transcript
2023 Q3
14 Nov 23
ADN
Earnings call transcript
2023 Q2
11 Aug 23
ADN
Earnings call transcript
2023 Q1
15 May 23
ADN
Earnings call transcript
2022 Q4
31 Mar 23
ADN
Earnings call transcript
2022 Q3
14 Nov 22
ADN
Earnings call transcript
2022 Q2
9 Aug 22
ADN
Earnings call transcript
2022 Q1
12 May 22
ADN
Earnings call transcript
2021 Q4
28 Mar 22
ADN
Earnings call transcript
2021 Q3
15 Nov 21
ADN
Earnings call transcript
2021 Q2
12 Aug 21
Latest ownership filings
4
Naiem Hussain
20 Feb 24
SC 13G/A
LMR Partners LLP
12 Feb 24
3
Naiem Hussain
12 Feb 24
SC 13G/A
BNP Paribas Asset Management UK Ltd
10 Jan 24
SC 13G/A
BNP Paribas Asset Management UK Ltd
3 Oct 23
4
Vassilios Gregoriou
8 Sep 23
4
Kevin L. Brackman
8 Sep 23
4/A
Vassilios Gregoriou
28 Apr 23
4
PANORAIA GOURDOUPI
14 Apr 23
4/A
Christos Kaskavelis
14 Apr 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.43 mm | 6.43 mm | 6.43 mm | 6.43 mm | 6.43 mm | 6.43 mm |
Cash burn (monthly) | 2.12 mm | 3.00 mm | 3.98 mm | 7.97 mm | 2.48 mm | 2.19 mm |
Cash used (since last report) | 12.69 mm | 17.95 mm | 23.77 mm | 47.67 mm | 14.83 mm | 13.10 mm |
Cash remaining | -6.27 mm | -11.52 mm | -17.34 mm | -41.24 mm | -8.40 mm | -6.67 mm |
Runway (months of cash) | -3.0 | -3.8 | -4.4 | -5.2 | -3.4 | -3.0 |
Institutional ownership, Q2 2023
12.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 33 |
Opened positions | 6 |
Closed positions | 9 |
Increased positions | 7 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 2.06 bn |
Total shares | 9.83 mm |
Total puts | 110.50 k |
Total calls | 363.00 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
BNP Paribas Asset Management Holding | 5.46 mm | $3.22 mm |
Vanguard | 1.29 mm | $762.05 mm |
BLK Blackrock | 556.11 k | $327.27 mm |
Renaissance Technologies | 554.10 k | $326.00 k |
Alliancebernstein | 353.16 k | $207.83 mm |
Geode Capital Management | 321.79 k | $189.37 mm |
Mirae Asset Global Investments | 168.29 k | $99.04 mm |
HRT Financial | 161.56 k | $95.00 k |
STT State Street | 155.20 k | $91.34 mm |
VIRT Virtu Financial | 110.11 k | $65.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Feb 24 | Naiem Hussain | Common Stock | Grant | Acquire A | No | No | 0 | 166,779 | 0.00 | 251,779 |
15 Feb 24 | Naiem Hussain | Employee stock options Common Stock | Grant | Acquire A | No | No | 0.165 | 166,779 | 27.52 k | 166,779 |
6 Sep 23 | Kevin L. Brackman | Common Stock | Sell | Dispose S | No | No | 0.531 | 27,771 | 14.75 k | 176,477 |
6 Sep 23 | Vassilios Gregoriou | Common Stock | Sell | Dispose S | No | No | 0.531 | 14,157 | 7.52 k | 6,367,669 |
8 Feb 23 | James F. Coffey | Common Stock | Sell | Dispose S | No | No | 1.9179 | 9,136 | 17.52 k | 877,396 |
7 Feb 23 | James F. Coffey | Common Stock | Sell | Dispose S | No | No | 1.9588 | 13,823 | 27.08 k | 886,532 |
6 Feb 23 | James F. Coffey | Common Stock | Sell | Dispose S | No | No | 1.9991 | 7,505 | 15.00 k | 900,355 |
News
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4 Mar 24
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Press releases
Advent Technologies Participates in $12.4 Million Project to Reduce GHG Emissions in the Maritime Sector
5 Mar 24
Advent Technologies Receives Formal Invitation from Greek State for €24 Million Grant for the Green HiPo IPCEI Project
26 Feb 24
Advent Technologies Announces Appointment of Naiem Hussain as Chief Financial Officer
11 Jan 24
Advent Technologies Secures Funding from Danish Energy Technology Development and Demonstration Program for Innovative R&D Project
8 Jan 24