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Advent Technologies Holdings, Inc. Company profile

About Advent Technologies Holdings Inc

Advent Technologies Holdings, Inc., formerly AMCI Acquisition Corp., is an advanced materials and technology development company. The Company operates in the fuel cell and hydrogen technology space. It develops, manufactures and assembles the components that determine the performance of hydrogen fuel cells and other energy systems. It offers fuel cells that convert hydrogen and other renewable fuels to electricity. The Company's product offering is the Membrane Electrode Assembly (MEA) at the center of the fuel cell. It is a provider of high-temperature proton exchange membranes (HT-PEM) and HT-PEM based membrane electrode assemblies (MEA), which are components used in fuel cells, and other electrochemistry applications, including electrolyzes, flow batteries, and Internet of things (IoT) sensors. HT-PEM fuel cells use phosphoric acid as an electrolyte rather than water-assisted membranes.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Advent Technologies Holdings Inc revenues increased from $0K to $4.2M. Net loss applicable to common stockholders increased from $900K to $11.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.04 to -$0.22.