ADNH ADVENT TECHNOLOGIES HOLDINGS, INC.

Overview and Growth

In fiscal 2024, ADVENT TECHNOLOGIES HOLDINGS, INC. recorded $3.28M of revenue, net loss of $40.99M, and an operating cash inflow of $1.40M. Revenue of $3.28M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $4.86M in fiscal 2023, revenue decreased 32.6%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$15.65, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 2.62M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Compared with 1.92M diluted shares in fiscal 2023, the current 2.62M base was 36.6% higher. At period end, total assets were $8.01M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.41x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $1.79M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 54.6% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $18.37M after the reported operating expense base. The operating loss equaled 560.7% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $40.99M for the fiscal year. Negative EBITDA totaled $16.80M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $30.07M, before the effect of income taxes. The pretax loss equaled 917.9% of revenue, measuring the pre-tax deficit against sales. An income-tax benefit of $55.00K improved the final result relative to pretax income or loss. The loss-to-assets relationship was 512.0%, placing the bottom-line deficit against the company’s resource base. Compared with a $71.40M net loss in fiscal 2023, the current loss improved to $40.99M.

Liquidity and Capital Structure

Total assets were $8.01M, supported by $29.30M of liabilities and -$21.30M of shareholder equity. The company reported negative equity of -$21.30M, a capital deficit that reduces its ability to absorb losses through book equity. The near-term balance sheet paired $2.69M of current assets with $28.77M of current liabilities at the reporting date. At 0.09x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Reported cash and equivalents were $381.00K, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 1.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Equity equaled -266.0% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 366.0% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 4.8%, comparing reported cash and equivalents with the full positive asset balance. Compared with $34.74M in fiscal 2023, the current asset base moved 76.9% and finished lower. Against $13.45M of equity in fiscal 2023, the current book-equity balance moved 258.4% and ended lower. The reported cash balance changed 88.1% from $3.20M in fiscal 2023, ending lower year over year.

Cash Flow and Earnings Quality

The company reported $1.40M of operating cash flow, a cash inflow that shows the cash generated by operations. The company replaced fiscal 2023 operating cash use of $20.98M with a current inflow of $1.40M.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.