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Advent Technologies Holdings (ADN)
NASDAQ:ADN
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Earnings Data
Report Date
Mar 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$9.97Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: 21.29%
|Next Earnings Date:Mar 31, 2025
Earnings Call Sentiment|Neutral
Advent Technologies' earnings call reflected a mix of significant technological advancements and strategic partnerships, which are promising for future growth. However, these positives are counterbalanced by substantial financial and operational challenges, including revenue decline, net losses, and cash flow concerns. The overall sentiment is one of cautious optimism, with a need for careful management of financial resources.Company Guidance
During the Advent Technologies Fourth Quarter 2023 Earnings Call, Dr. Vasilis Gregoriou provided extensive insights into the company's recent developments and future outlook, emphasizing several key metrics. Advent's High-Temperature PEM fuel cell technology has shown significant advancements, achieving 2x the power of previous state-of-the-art fuel cells and targeting a levelized cost of electricity between $0.20 to $0.30 per kilowatt hour. The company has strategically shifted its focus to MEA innovation and manufacturing, aiming to significantly reduce operating expenses by 70% in 2024, from $50 million to below $20 million. Despite a decline in Q4 revenue to $1.5 million from $2 million due to decreased stationary fuel cell system orders, the company has maintained strong collaborations with notable partners like Airbus and Hyundai, and is working towards scalability. Advent's financial position remains challenging, with cash reserves at $3.6 million as of December 31, 2023, prompting exploration of additional capital-raising opportunities. Looking ahead, Advent is concentrating on strategic partnerships for technology development, with commercialization plans set for 2026, all while targeting zero cash burn and maintaining a lean operational structure.Technological Advancements
Advent achieved 2x the power of previous fuel cells per square centimeter and 2x the lifetime of competing systems with their Ion Pair MEA technology.
Strategic Partnerships
Strong collaborations with Airbus, U.S. Army, Hyundai, and other top companies, with a $13 million partnership with Airbus to develop fuel cells for aviation.
Cost Efficiency and Focus
Significant restructuring led to a 70% reduction in costs, focusing on core strengths and strategic partnerships.
Market Potential
Engagement with top automakers and the defense sector, with potential for significant market expansion.
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ADN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ADN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $3.57 | $4.95 | +38.66% |
| Oct 15, 2024 | $1.87 | $1.75 | -6.42% |
| Oct 15, 2024 | $1.87 | $1.75 | -6.42% |
| Aug 20, 2024 | $2.96 | $2.90 | -2.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Advent Technologies Holdings (ADN) report earnings?
Advent Technologies Holdings (ADN) is schdueled to report earning on Mar 31, 2025, TBA Not Confirmed.
What is Advent Technologies Holdings (ADN) earnings time?
Advent Technologies Holdings (ADN) earnings time is at Mar 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ADN EPS forecast?
Currently, no data Available
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