Advent Tech Holdings - CW26 | 10-Q: FY2025 Q3 Revenue: USD 62 K

Revenue: As of FY2025 Q3, the actual value is USD 62 K.

EPS: As of FY2025 Q3, the actual value is USD 2.92.

EBIT: As of FY2025 Q3, the actual value is USD -1.689 M.

Segment Revenue

• Total revenue for the nine months ended September 30, 2025 was $293 thousand, a significant decrease from $3,520 thousand for the same period in 2024.

Operational Metrics

• Gross loss for the nine months ended September 30, 2025 was $848 thousand, compared to a gross profit of $2,624 thousand for the same period in 2024.
• Operating loss for the nine months ended September 30, 2025 was $8,237 thousand, compared to $9,619 thousand for the same period in 2024.
• Net income for the nine months ended September 30, 2025 was $1,554 thousand, compared to a net loss of $39,151 thousand for the same period in 2024.

Cash Flow

• Net cash used in operating activities for the nine months ended September 30, 2025 was $895 thousand, compared to net cash provided by operating activities of $3,088 thousand for the same period in 2024.
• Net cash used in investing activities for the nine months ended September 30, 2025 was $30 thousand, compared to net cash provided by investing activities of $272 thousand for the same period in 2024.
• Net cash provided by financing activities for the nine months ended September 30, 2025 was $2,118 thousand, compared to $282 thousand for the same period in 2024.

Unique Metrics

• Income from grants for the nine months ended September 30, 2025 was $218 thousand, a decrease from $1,399 thousand for the same period in 2024.

Future Outlook and Strategy

Core Business Focus

• Advent Technologies Holdings, Inc. plans to scale up its production facilities and testing capabilities, anticipating substantial increased demand for its fuel cell systems and MEAs from a wide range of customers.
• The company is focusing on the development of its Advanced MEA product, which is expected to deliver significant improvements in power output and cost efficiency.

Non-Core Business

• The company is involved in various legal proceedings, including a settlement agreement with F.E.R. fischer Edelstahlrohre GmbH, which involves monthly payments and a potential reduced settlement amount if paid by June 30, 2026.

Priority

• Advent Technologies Holdings, Inc. is actively pursuing additional funding and has entered into agreements for term loans and convertible promissory notes to support its operations and strategic initiatives.