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.
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