Advent Technologies Reports Increase in MEA Sales, Expects Continued Revenue Growth from Fuel Cell Systems and Grant Income

Reuters
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Advent Technologies Reports Increase in MEA Sales, Expects Continued Revenue Growth from Fuel Cell Systems and Grant Income

Advent Technologies Holdings Inc. has released its financial results for the fiscal year ending December 31, 2024. The company reported a net loss from continuing operations of $30.01 million for the year, which represents a significant improvement from the $50.90 million net loss recorded in the previous year. This change marks a reduction in loss by $20.89 million. Adjusted EBITDA, a non-GAAP financial measure used by the company to evaluate its operating performance, also showed improvement. The adjusted EBITDA for 2024 was $23.60 million, compared to a negative $24.37 million in 2023, reflecting a positive change of $23.60 million. The company continues to focus on its business strategy and future plans, although specific guidance or outlook for the upcoming fiscal year has not been provided in the current report. Advent Technologies Holdings Inc. remains committed to enhancing its operational performance and measuring its results against industry peers using non-GAAP measures such as adjusted net income and EBITDA.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Advent Technologies Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-004289), on June 06, 2025, and is solely responsible for the information contained therein.

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