Advent Technologies Holdings (Advent Technologies Holdings) Gross Margin % : -94.30% (As of Sep. 2023)

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What is Advent Technologies Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Advent Technologies Holdings's Gross Profit for the three months ended in Sep. 2023 was $-1.19 Mil. Advent Technologies Holdings's Revenue for the three months ended in Sep. 2023 was $1.26 Mil. Therefore, Advent Technologies Holdings's Gross Margin % for the quarter that ended in Sep. 2023 was -94.30%.

The historical rank and industry rank for Advent Technologies Holdings's Gross Margin % or its related term are showing as below:

ADN' s Gross Margin % Range Over the Past 10 Years
Min: -56.31 Med: 23.53 Max: 41.79
Current: -56.31

During the past 4 years, the highest Gross Margin % of Advent Technologies Holdings was 41.79%. The lowest was -56.31%. And the median was 23.53%.

ADN's Gross Margin % is ranked worse than
98.73% of 394 companies
in the Utilities - Independent Power Producers industry
Industry Median: 35.54 vs ADN: -56.31

Advent Technologies Holdings had a gross margin of -94.30% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Advent Technologies Holdings was 0.00% per year.

Advent Technologies Holdings Gross Margin % Historical Data

The historical data trend for Advent Technologies Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Advent Technologies Holdings Gross Margin % Chart

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Margin %

41.79

23.53

-9.49

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial										2.50	-25.45	-51.89	-71.31	-94.30

Competitive Comparison of Advent Technologies Holdings's Gross Margin %

For the Utilities - Renewable subindustry, Advent Technologies Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Advent Technologies Holdings's Gross Margin % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Advent Technologies Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Advent Technologies Holdings's Gross Margin % falls into.

Advent Technologies Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Advent Technologies Holdings's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	-0.7	/	7.837
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7.837 - 8.581)	/	7.837
	=	-9.49 %

Advent Technologies Holdings's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-1.2	/	1.264
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.264 - 2.456)	/	1.264
	=	-94.30 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Advent Technologies Holdings (NAS:ADN) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Advent Technologies Holdings had a gross margin of -94.30% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Advent Technologies Holdings Gross Margin % Related Terms

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Advent Technologies Holdings (Advent Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Advent Technologies Holdings Inc (NAS:ADN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company 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. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.

Executives

Vassilios Gregoriou	director, 10 percent owner, officer: Chairman and CEO	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Kevin L. Brackman	officer: Chief Financial Officer	1293 SOUTH MAIN STREET, AKRON OH 44301
James F. Coffey	officer: COO and General Counsel	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
De Castro Emory Sayre	director, officer: Chief Technology Officer	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Von Mcconnell	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Panoraia Gourdoupi	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Wayne Threatt	director	200 CLARENDON STREET, BOSTON MA 02116
Lawrence Epstein	director	1200 CLARENDON STREET, BOSTON MA 02116
Clark Lawrence M Jr	director	C/O PAUL,WEISS,RIFKIND,WHARTON &, GARRISON LLP,1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019-6064
Anggelos Skutaris	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katherine E. Fleming	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katrina Fritz	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Christos Kaskavelis	officer: Chief Marketing Officer	SYNTAGMATARCHOU DAVAKI 1, FILOTHEI J3 15237
John Hunter William	director, officer: President and CFO	930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116