Advent Technologies Holdings Inc (ADN)

[KJAX]

1st QRT revenues $1,800,000
2nd QRT revenues $2,225,000
3rd and 4th QRT predicted the latter end of revenues at $23 million, plus $5 million reimbursement of Hood Park facility operational November 2022.

Burn rate is $11 million a QRT = $22 million for 3rd and 4th QRT

$1 MILLION profit so far based on those numbers
plus Green HiPo $35.8 million revenues (grant)
plus $5 million reimbursement from Hood Park

What we don't know is, what the burn rate will be when they apply the funds to building out the Greece location? That is why they received the grant money in the first place!

Add 1.8 million + 2.2 million + 23 million + 35.8 million = $62,850,000 million revenues for 2022
plus reimbursement of $5 million or more