)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Advent Technologies
Advent Technologies (ADN) investor relations material
Advent Technologies has been delisted
Advent Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary17 Nov, 2025
Executive summary
Focused on hydrogen fuel cell and MEA technology, with operations in the US and Greece after exiting Denmark and the Philippines due to bankruptcy of Advent Technologies A/S in July 2024.
Revenue primarily from fuel cell systems, MEAs, and related services, with ongoing grant funding and R&D partnerships.
Significant business developments include a €34.5M EU Innovation Fund grant for the RHyno Project and ongoing collaborations with Airbus and the US Department of Defense.
Financial highlights
Revenue for Q3 2025 was $62K, down 52% year-over-year; nine-month revenue was $293K, down 92% year-over-year.
Net income from continuing operations for Q3 2025 was $8.6M, compared to a $9.6M loss in Q3 2024; nine-month net income was $1.6M, compared to a $29.2M loss year-over-year.
Net loss from discontinued operations was $8.9M for Q3 2025 and $9.9M for the nine months ended September 30, 2025.
Cash and cash equivalents at September 30, 2025, were $0.5M, with a working capital deficit of $16.0M.
EBITDA for Q3 2025 was $(2.2)M, improved from $(7.8)M in Q3 2024.
Outlook and guidance
Management expresses substantial doubt about the ability to continue as a going concern due to recurring losses, negative working capital, and insufficient cash to fund operations for the next twelve months.
Plans to raise additional capital through equity or debt and reduce expenditures; delays or failure to secure funding could result in curtailment or termination of operations.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Advent Technologies
- Shareholders will vote on director elections, auditor ratification, stock issuance, and incentive plan changes.ADN
Proxy Filing - Annual meeting to elect a director, ratify auditor, and address other business, all board-recommended.ADNProxy Filing
- Seeks up to $52M equity funding amid losses and going concern risk, leveraging HT-PEM tech and partnerships.ADNRegistration Filing
- All agenda items, including director elections and plan amendments, were approved by majority vote.ADNAGM 2025
- Severe liquidity challenges, legal settlements, and a major EU grant defined the quarter.ADNQ2 2025
- Severe liquidity challenges persist despite cost cuts and a major EU grant, with going concern risks looming.ADNQ1 2025
- Revenue up 113% year-over-year, but severe liquidity risk and going concern doubts persist.ADNQ4 2024
- Director and auditor ratified; other business matters not approved at the meeting.ADNAGM 2024
- Q4 revenue and cash fell as cost cuts and partnerships drove a shift to licensing and MEA focus.ADNQ4 2023
Advent Technologies
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Advent Technologies Holdings, Inc. is a clean energy technology company that develops and manufactures advanced materials and fuel cell systems. The company’s products include high-temperature proton exchange membranes (HT-PEMs), fuel cell components, and complete fuel cell systems designed for various applications, including portable power, automotive, and stationary energy generation. Advent focuses on providing sustainable energy solutions to reduce carbon emissions and support the transition to renewable energy sources. The company is headquartered in Boston, Massachusetts, and its shares are listed on the NASDAQ.