Advent’s Q1 results cap a period of strong business development for the company. While the impact of this will not be felt immediately in terms of sales, the agreements in place point to stronger business along the pipeline. More immediately the company is seeing repeat business and retains full year revenue guidance at $23m. Our forecast remains in line with this but we have aligned our operating cost forecast with the level in these Q1’s and our central case valuation moves to $16 from $17.
16 May 2022
Advent Technologies - Strong Development in Q1
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Advent Technologies - Strong Development in Q1
- Published:
16 May 2022 -
Author:
Adam Forsyth -
Pages:
6
Advent’s Q1 results cap a period of strong business development for the company. While the impact of this will not be felt immediately in terms of sales, the agreements in place point to stronger business along the pipeline. More immediately the company is seeing repeat business and retains full year revenue guidance at $23m. Our forecast remains in line with this but we have aligned our operating cost forecast with the level in these Q1’s and our central case valuation moves to $16 from $17.