ADN Stock : Advent Technologies Holdings, Inc. is an advanced materials and technology development company operating in the fuel cell and hydrogen technology space. The Company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. Its product offerings include full fuel cell systems and the membrane electrode assembly (MEA) at the center of the fuel cell.
Advent Technologies Returns vs. S&P
| 1 YEAR | 5 YEAR | 5 YEAR ANNUALIZED | SINCE IPO | |
|---|---|---|---|---|
| ADN | -63.52% | -80% | ||
| S&P | -14.16% | +43.53% | +7.49% | +51% |
Assets
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Net Cash | $42.45M | -54.1% |
| Accounts Receivable | $2.90M | -55.4% |
| Inventory | 10.933 | +95.3% |
Liabilities
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Long Term Debt | $0.00M | – |
| Short Term Debt | $0.00M | – |
Ratios
QUARTERLYANNUAL
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Return On Assets | -23.7% | -65.0% |
| Return On Invested Capital | 29.6% | -67.9% |
Cash Flow
| Q3 2022 | YOY CHANGE | |
|---|---|---|
| Free Cash Flow | -$3.69M | -61.4% |
| Operating Free Cash Flow | -$2.81M | -66.8% |
Valuation
QUARTERLYANNUAL
| Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YOY CHANGE | |
|---|---|---|---|---|---|
| Price to Earnings | – | – | – | – | – |
| Price to Book | 2.64 | 0.91 | 1 | 1.34 | -64.5% |
| Price to Sales | 50.83 | 17.40 | 16.10 | 18 | -82.2% |
| Price to Tangible Book Value | 4.39 | 1.55 | 1.70 | 2.39 | -39.6% |
| Price to Free Cash Flow TTM | – | – | – | – | – |
| Enterprise Value to EBITDA | -17.74 | -4.77 | -8.12 | -11.13 | -53.3% |
| Free Cash Flow Yield | – | – | – | – | – |
| Return on Equity | -39.6% | -23.2% | -31.6% | -29.3% | -63.0% |
| Total Debt | $0.00M | $0.00M | $0.00M | $0.00M | – |
ADN earnings call
Prepared Remarks:
Operator
Good morning everyone. I am present as your operator for the call today. In this moment, I’d like to formally invite everyone to join this conference call. Advent Technologies Third Quarter Earnings Conference Call. [Operator Instructions]
In the conference today on the call, we’re with our guests Dr. Vasilis Gregoriou, Advent’s Chairman and CEO, as well as Kevin Brackman, Advent’s CFO. Before we start our prepared remarks, we’d be pleased to inform you of the fact that Advent released a press release that announced its third quarter financial results for 2021 shortly before the market opening today. The information is available via our Investor Relations page of ir.advent.energy.
I’d like to remind everyone that in the duration of the phone conference, management from Advent team will discuss the company’s forecast, goals along with other forward-looking information about the future of the company, customers’ orders and the business outlook, which are designed to be covered under safeguard provisions in the Private Securities Litigation Reform Act of 1995 that govern forward-looking statements. These statements are merely management’s expectations and projections regarding future performance and future results in the present Advent’s actual performance is dependent on a number of uncertainties and risks which could cause actual results to be significantly different from the expectations made and, in addition, the risk discussed in the call. Factors that can impact the company’s future results are discussed in the company’s current SEC reports submitted to the Securities and Exchange Commission including the earnings release today. As long as they are not required by laws, the company is under not to update any forward-looking statement in any way following the date of this conference call.
