Advent Technologies Reports Q3 2021 Results
November 15, 2021 | 8 min read November 15, 2021 | 8 min read- Q3 Revenue up 643% versus prior year to $1.7 million on increased customer demand for Advent product offerings and acquisitions of SerEnergy/fischer eco solutions and UltraCell
- Income from grants of $0.5 million, on robust activity with research agencies
- Net loss of $(11.3) million or $(0.23) per share
- Company holds cash reserves of $92.5 million
BOSTON —Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced consolidated financial results for the three months ended September 30, 2021. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with U.S. generally accepted accounting principles (GAAP).
