ADN: Advent Technologies Holdings Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Advent Technologies Holdings Inc (ADN).
$13.18M Market Cap.
ADN Market Cap. (MRY)
ADN Shares Outstanding (MRY)
ADN Assets (MRY)
Total Assets
$8.01M
Total Liabilities
$29.30M
Total Investments
$0
ADN Income (MRY)
Revenue
$3.28M
Net Income
-$40.99M
Operating Expense
$20.16M
ADN Cash Flow (MRY)
CF Operations
-$6.61M
CF Investing
$1.17M
CF Financing
$1.39M
ADN Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $8,007,000 (-76.95%) | $34,737,000 (-61.23%) | $89,588,000 (-45.05%) | $163,031,000 (8507.48%) |
Assets Current | $2,693,000 (-69.52%) | $8,835,000 (-82.15%) | $49,500,000 (-49.15%) | $97,351,000 (5642.78%) |
Assets Non-Current | $5,314,000 (-79.48%) | $25,902,000 (-35.39%) | $40,088,000 (-38.96%) | $65,680,000 (32926.10%) |
Goodwill & Intangible Assets | $85,000 (7.59%) | $79,000 (-99.33%) | $11,804,000 (-77.88%) | $53,374,000 (0%) |
Shareholders Equity | -$21,295,000 (-258.35%) | $13,448,000 (-79.04%) | $64,148,000 (-50.73%) | $130,201,000 (7359.71%) |
Property Plant & Equipment Net | $4,912,000 (-80.17%) | $24,765,000 (12.60%) | $21,993,000 (156.18%) | $8,585,000 (4219.78%) |
Cash & Equivalents | $381,000 (-89.60%) | $3,662,000 (-88.86%) | $32,869,000 (-58.79%) | $79,764,000 (15366.11%) |
Accumulated Other Comprehensive Income | -$157,000 (93.27%) | -$2,334,000 (10.37%) | -$2,604,000 (-104.56%) | -$1,273,000 (-1238.84%) |
Deferred Revenue | $3,831,000 (33.72%) | $2,865,000 (53.21%) | $1,870,000 (41.35%) | $1,323,000 (160.00%) |
Total Investments | $0 (0%) | $750,000 (-29.91%) | $1,070,000 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $750,000 (-29.91%) | $1,070,000 (0%) | $0 (0%) |
Inventory | $8,000 (-99.70%) | $2,707,000 (-78.55%) | $12,620,000 (81.37%) | $6,958,000 (6346.23%) |
Trade & Non-Trade Receivables | $962,000 (403.66%) | $191,000 (-80.49%) | $979,000 (-68.81%) | $3,139,000 (542.13%) |
Trade & Non-Trade Payables | $17,035,000 (234.87%) | $5,087,000 (8.70%) | $4,680,000 (-3.25%) | $4,837,000 (142.33%) |
Accumulated Retained Earnings (Deficit) | -$220,153,000 (-22.88%) | -$179,159,000 (-66.25%) | -$107,762,000 (-222.40%) | -$33,425,000 (-159.08%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $1,246,000 (0%) |
Tax Liabilities | $170,000 (-5.03%) | $179,000 (-2.19%) | $183,000 (-93.21%) | $2,696,000 (1236.11%) |
Total Debt | $832,000 (-92.01%) | $10,416,000 (-13.79%) | $12,082,000 (0%) | $0 (0%) |
Debt Current | $648,000 (-70.36%) | $2,186,000 (-4.12%) | $2,280,000 (0%) | $0 (0%) |
Debt Non-Current | $184,000 (-97.76%) | $8,230,000 (-16.04%) | $9,802,000 (0%) | $0 (0%) |
Total Liabilities | $29,302,000 (37.64%) | $21,289,000 (-16.32%) | $25,440,000 (-22.51%) | $32,830,000 (790.30%) |
Liabilities Current | $28,772,000 (141.52%) | $11,913,000 (-12.83%) | $13,666,000 (-27.58%) | $18,871,000 (450.37%) |
Liabilities Non-Current | $530,000 (-94.35%) | $9,376,000 (-20.37%) | $11,774,000 (-15.65%) | $13,959,000 (5294.95%) |
ADN Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $3,276,000 (-32.58%) | $4,859,000 (-38.00%) | $7,837,000 (10.86%) | $7,069,000 (700.88%) |
Cost of Revenue | $1,488,000 (-91.86%) | $18,287,000 (113.11%) | $8,581,000 (58.73%) | $5,406,000 (952.12%) |
Selling General & Administrative Expense | $14,318,000 (-55.90%) | $32,468,000 (-9.60%) | $35,915,000 (-14.24%) | $41,877,000 (1080.68%) |
Research & Development Expense | $3,225,000 (-73.37%) | $12,112,000 (23.64%) | $9,796,000 (176.65%) | $3,541,000 (3353.35%) |
Operating Expenses | $20,157,000 (-64.58%) | $56,913,000 (-32.79%) | $84,683,000 (85.00%) | $45,774,000 (1229.65%) |
Interest Expense | $535,000 (822.97%) | -$74,000 (-42.31%) | -$52,000 (-201.96%) | $51,000 (820.25%) |
Income Tax Expense | -$55,000 (-107.65%) | $719,000 (136.50%) | -$1,970,000 (-113.43%) | -$923,000 (0%) |
Net Loss Income from Discontinued Operations | $10,980,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$40,994,000 (42.58%) | -$71,397,000 (3.95%) | -$74,337,000 (-262.21%) | -$20,523,000 (-557.57%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$40,994,000 (42.58%) | -$71,397,000 (3.95%) | -$74,337,000 (-262.21%) | -$20,523,000 (-557.57%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$40,994,000 (42.58%) | -$71,397,000 (3.95%) | -$74,337,000 (-262.21%) | -$20,523,000 (-557.57%) |
Weighted Average Shares | $2,618,857 (36.60%) | $1,917,179 (-96.28%) | $51,528,703 (12.47%) | $45,814,868 (123.28%) |
Weighted Average Shares Diluted | $2,618,857 (36.60%) | $1,917,179 (-96.28%) | $51,528,703 (12.47%) | $45,814,868 (123.28%) |
Earning Before Interest & Taxes (EBIT) | -$40,514,000 (42.74%) | -$70,752,000 (7.34%) | -$76,359,000 (-256.90%) | -$21,395,000 (-586.73%) |
Gross Profit | $1,788,000 (113.32%) | -$13,428,000 (-1704.84%) | -$744,000 (-144.74%) | $1,663,000 (350.88%) |
Operating Income | -$18,369,000 (73.89%) | -$70,341,000 (17.66%) | -$85,427,000 (-93.66%) | -$44,111,000 (-1335.10%) |
ADN Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | $1,173,000 (118.82%) | -$6,234,000 (57.06%) | -$14,517,000 (43.20%) | -$25,556,000 (-20760.68%) |
Net Cash Flow from Financing | $1,393,000 (-84.62%) | $9,059,000 (22747.50%) | -$40,000 (-100.03%) | $141,501,000 (15937.20%) |
Net Cash Flow from Operations | -$6,613,000 (79.41%) | -$32,115,000 (0.03%) | -$32,125,000 (10.36%) | -$35,837,000 (-2414.76%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$3,669,000 (87.47%) | -$29,290,000 (37.26%) | -$46,682,000 (-158.27%) | $80,108,000 (12141.86%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | -$1,864,000 (0%) | $0 (0%) | -$19,425,000 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | -$316,000 (0%) | $0 (0%) |
Capital Expenditure | $1,258,000 (128.79%) | -$4,370,000 (68.97%) | -$14,084,000 (-130.39%) | -$6,113,000 (-4889.88%) |
Issuance (Repayment) of Debt Securities | $559,000 (0%) | $0 (0%) | -$40,000 (-133.90%) | $118,000 (123.60%) |
Issuance (Purchase) of Equity Shares | $291,000 (-96.79%) | $9,059,000 (0%) | $0 (0%) | $141,383,000 (296655.85%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $378,000 (355.42%) | $83,000 (-84.54%) | $537,000 (162.44%) | -$860,000 (-4668.51%) |
Share Based Compensation | $3,783,000 (-61.71%) | $9,881,000 (-5.12%) | $10,414,000 (35.09%) | $7,709,000 (786.62%) |
Depreciation Amortization & Accretion | $1,593,000 (-56.32%) | $3,647,000 (-14.33%) | $4,257,000 (144.09%) | $1,744,000 (7648.36%) |
ADN Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 54.60% (119.75%) | -276.40% (-2809.47%) | -9.50% (-140.43%) | 23.50% (-43.78%) |
Profit Margin | -1251.30% (14.84%) | -1469.40% (-54.92%) | -948.50% (-226.73%) | -290.30% (17.90%) |
EBITDA Margin | -1188.10% (13.97%) | -1381.00% (-50.11%) | -920.00% (-230.94%) | -278.00% (20.66%) |
Return on Average Equity (ROAE) | 453.40% (324.12%) | -202.30% (-184.53%) | -71.10% (-318.24%) | -17.00% (89.58%) |
Return on Average Assets (ROAA) | -265.10% (-118.01%) | -121.60% (-105.41%) | -59.20% (-335.29%) | -13.60% (-312.12%) |
Return on Sales (ROS) | -1236.70% (15.07%) | -1456.10% (-49.45%) | -974.30% (-221.87%) | -302.70% (14.25%) |
Return on Invested Capital (ROIC) | 1041.80% (727.21%) | -166.10% (40.29%) | -278.20% (1.28%) | -281.80% (-204.68%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -0.32 (-78.21%) | -0.18 (85.76%) | -1.26 (91.93%) | -15.58 (84.35%) |
Price to Sales Ratio (P/S) | 4 (51.57%) | 2.64 (-77.84%) | 11.9 (-73.80%) | 45.43 (-86.91%) |
Price to Book Ratio (P/B) | -0.62 (-159.75%) | 1.04 (-28.99%) | 1.46 (-47.12%) | 2.76 (102.27%) |
Debt to Equity Ratio (D/E) | -1.38 (-186.92%) | 1.58 (298.74%) | 0.4 (57.54%) | 0.25 (112.26%) |
Earnings Per Share (EPS) | -15.65 (57.98%) | -37.24 (-2486.11%) | -1.44 (-220.00%) | -0.45 (-200.00%) |
Sales Per Share (SPS) | 1.25 (-50.63%) | 2.53 (1567.11%) | 0.15 (-1.30%) | 0.15 (258.14%) |
Free Cash Flow Per Share (FCFPS) | -2.04 (89.25%) | -19.03 (-2021.63%) | -0.9 (2.07%) | -0.92 (-1121.33%) |
Book Value Per Share (BVPS) | -8.13 (-215.93%) | 7.01 (463.37%) | 1.25 (-56.19%) | 2.84 (3366.67%) |
Tangible Assets Book Value Per Share (TABVPS) | 3.02 (-83.27%) | 18.08 (1097.22%) | 1.51 (-36.90%) | 2.39 (2501.09%) |
Enterprise Value Over EBIT (EV/EBIT) | 0 (0%) | 0 (0%) | -1 (91.67%) | -12 (42.86%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -0.34 (-17.99%) | -0.29 (59.30%) | -0.71 (94.77%) | -13.58 (36.40%) |
Asset Turnover | 0.21 (155.42%) | 0.08 (33.87%) | 0.06 (31.91%) | 0.05 (422.22%) |
Current Ratio | 0.09 (-87.33%) | 0.74 (-79.51%) | 3.62 (-29.79%) | 5.16 (944.33%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$5,355,000 (85.32%) | -$36,485,000 (21.04%) | -$46,209,000 (-10.15%) | -$41,950,000 (-2610.69%) |
Enterprise Value (EV) | $13,260,540 (-31.53%) | $19,366,958 (-62.15%) | $51,163,073 (-80.82%) | $266,795,306 (304.04%) |
Earnings Before Tax (EBT) | -$41,049,000 (41.92%) | -$70,678,000 (7.38%) | -$76,307,000 (-255.81%) | -$21,446,000 (-587.14%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$38,921,000 (42.00%) | -$67,105,000 (6.93%) | -$72,102,000 (-266.91%) | -$19,651,000 (-535.34%) |
Invested Capital | -$20,399,000 (-169.15%) | $29,499,000 (-31.92%) | $43,331,000 (293.13%) | $11,022,000 (637.54%) |
Working Capital | -$26,079,000 (-747.27%) | -$3,078,000 (-108.59%) | $35,834,000 (-54.34%) | $78,480,000 (4626.99%) |
Tangible Asset Value | $7,922,000 (-77.14%) | $34,658,000 (-55.44%) | $77,784,000 (-29.07%) | $109,657,000 (5689.52%) |
Market Capitalization | $13,182,540 (-5.38%) | $13,931,958 (-85.12%) | $93,609,073 (-73.95%) | $359,287,673 (65.12%) |
Average Equity | -$9,042,250 (-125.62%) | $35,289,250 (-66.25%) | $104,569,250 (-13.17%) | $120,423,810 (6193.79%) |
Average Assets | $15,464,250 (-73.67%) | $58,721,500 (-53.27%) | $125,652,750 (-16.87%) | $151,160,968 (57.83%) |
Invested Capital Average | -$3,888,750 (-109.13%) | $42,589,750 (55.16%) | $27,448,750 (261.54%) | $7,592,141 (755.90%) |
Shares | 2,636,508 (26.49%) | 2,084,374 (-95.97%) | 51,717,720 (0.91%) | 51,253,591 (251.67%) |
