Advent’s maiden Q1 results show strong revenue growth as the company gains traction for its High Temperature Proton Exchange Membrane (HTPEM) products. Growth has come across the business, in HTPEMs, IoT sensors, flow battery materials and with the acquisition of the UltraCell lightweight fuel cell business. With $125m in cash at the period end, we think Advent feels well placed to develop the considerable opportunities available to it as the hydrogen economy develops.
20 May 2021
Advent Technologies - Revenue Growth Across Business
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Advent Technologies - Revenue Growth Across Business
- Published:
20 May 2021 -
Author:
Adam Forsyth -
Pages:
6
Advent’s maiden Q1 results show strong revenue growth as the company gains traction for its High Temperature Proton Exchange Membrane (HTPEM) products. Growth has come across the business, in HTPEMs, IoT sensors, flow battery materials and with the acquisition of the UltraCell lightweight fuel cell business. With $125m in cash at the period end, we think Advent feels well placed to develop the considerable opportunities available to it as the hydrogen economy develops.