Advent Technologies Files Q3 2024 10-Q
Ticker: ADNH · Form: 10-Q · Filed: Dec 27, 2024 · CIK: 1744494
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Advent Tech's Q3 2024 10-Q is in. Check for latest financials.
AI Summary
Advent Technologies Holdings, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported financial results and provided updates on its business operations. Specific financial figures and operational details are available within the full filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Advent Technologies, crucial for understanding the company's trajectory and investment potential.
Risk Assessment
Risk Level: medium — As a publicly traded company filing a 10-Q, there are inherent risks associated with financial reporting and market performance.
Key Numbers
- 2024-09-30 — Period End Date (The filing covers financial performance up to this date.)
- 2024-12-27 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- ADVENT TECHNOLOGIES HOLDINGS, INC. (company) — Filer
- AMCI Acquisition Corp. (company) — Former Company Name
- 0001744494 (company) — Central Index Key
- 20240930 (date) — Period of Report
- 20241227 (date) — Filed as of Date
FAQ
What were Advent Technologies' total revenues for the nine months ended September 30, 2024?
The filing does not explicitly state total revenues for the nine months ended September 30, 2024, in the provided text. Further details would be in the full financial statements within the 10-Q.
What is the company's primary business activity as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 3690, which corresponds to 'MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES'.
When did Advent Technologies change its name from AMCI Acquisition Corp.?
The company changed its name from AMCI Acquisition Corp. on June 22, 2018.
What is the par value per share for Advent Technologies' Common Stock?
The par value per share for Advent Technologies' Common Stock is $0.0001.
Which state is Advent Technologies incorporated in?
Advent Technologies Holdings, Inc. is incorporated in Delaware (DE).
Filing Stats: 4,506 words · 18 min read · ~15 pages · Grade level 19.7 · Accepted 2024-12-27 08:41:44
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share ADN The Nasdaq Capital Ma
Filing Documents
- adventtech_10q.htm (10-Q) — 1605KB
- adventtech_ex31-1.htm (EX-31.1) — 14KB
- adventtech_ex31-2.htm (EX-31.2) — 20KB
- adventtech_ex32-1.htm (EX-32.1) — 7KB
- adventtech_ex32-2.htm (EX-32.2) — 8KB
- 0001829126-24-008577.txt ( ) — 8110KB
- adn-20240930.xsd (EX-101.SCH) — 66KB
- adn-20240930_cal.xml (EX-101.CAL) — 98KB
- adn-20240930_def.xml (EX-101.DEF) — 237KB
- adn-20240930_lab.xml (EX-101.LAB) — 486KB
- adn-20240930_pre.xml (EX-101.PRE) — 413KB
- adventtech_10q_htm.xml (XML) — 1236KB
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION Item 1. Unaudited Condensed Consolidated Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets 1 Unaudited Condensed Consolidated Statements of Operations 2 Unaudited Condensed Consolidated Statements of Comprehensive Loss 3 Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity / (Deficit) 4 Unaudited Condensed Consolidated Statements of Cash Flows 8 Notes to Unaudited Condensed Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 35 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 52 Item 4.
Controls and Procedures
Controls and Procedures 52
—OTHER INFORMATION
PART II—OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 55 Item 1A.
Risk Factors
Risk Factors 55 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 55 Item 3. Defaults Upon Senior Securities 55 Item 4. Mine Safety Disclosures 55 Item 5. Other Information 55 Item 6. Exhibits 56
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Unaudited Condensed Consolidated Financial Statements
Item 1. Unaudited Condensed Consolidated Financial Statements ADVENT TECHNOLOGIES HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS ( Amounts in USD thousands, except share and per share amounts) As of September 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 192 $ 3,200 Restricted cash, current - 100 Accounts receivable, net 274 63 Contract assets - 9 Inventories 97 195 Prepaid expenses and Other current assets 861 838 Assets of discontinued operations - 4,430 Total current assets 1,424 8,835 Non-current assets: Intangibles, net 77 79 Property and equipment, net 5,310 20,086 Right-of-use assets 279 3,157 Restricted cash, non-current - 750 Other non-current assets 239 242 Available for sale financial asset - - Assets of discontinued operations - 1,588 Total non-current assets 5,905 25,902 Total assets $ 7,329 $ 34,737 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade and other payables $ 16,420 $ 3,996 Due to related parties 253 - Deferred income from grants, current - 523 Contract liabilities 1,230 414 Loss contingency liabilities 5,162 - Other current liabilities 1,785 1,035 Operating lease liabilities 111 2,138 Income tax payable 183 179 Liabilities of discontinued operations - 3,628 Total current liabilities 25,144 11,913 Non-current liabilities: Bonds and other long-term debt, net - - Warrant liability - 59 Long-term operating lease liabilities 159 8,218 Defined benefit obligation 99 83 Deferred income from grants, non-current - 320 Other long-term liabilities 1 1 Liabilities of discontinued operations - 695 Total non-current liabilities 259 9,376 Total liabilities 25,403 21,289 Commitments and contingent liabilities Stockholders' equity Common stock ($