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Vasilis Gregoriou | Chief Executive Officer and Executive Chairman of the Board |
Kevin Brackman | Chief Financial Officer |
Good morning, everyone. I will be your conference operator today. At this time, I would like to welcome everyone to the Advent Technologies Second Quarter Earnings Conference Call. [Operator Instructions] On the call today, we are joined by Dr. Vasilis Gregoriou, Advent's Chairman and CEO; and Kevin Brackman, Advent's CFO.
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And Vasilis. everyone. you, Thank good morning,
to net million related $X.X compensation to Philippines, value Germany Denmark, on resulted primarily loss and $XX.X customers adjusted $X.X businesses in of million, costs resulting XXst resulting R&D revenue incurred million in development expenses. from the primarily the from fixed each of were from loss that the well net second the the in financials, of a mix $X change Department excludes second the the million cooperative second the stock-based included our note businesses, quarter. in the we and acquisitions research warrants. cost I quarter, businesses Energy. $X.X and delivered and and as agreement the and the should of Net adjusted fair quarter, increased profit our in of $XX.X in was loss of expenses cost as due were outstanding year-over-year increase costs with loss million the XXXX. million. $X.X and from The totaled quarter our the acquired selling increase staffing $X.X in compared the in year-over-year a million XXXX. our supply of quarter, Gross million Administrative internal Advent the to and acquired quarter, prior products second in at higher to chain from to in primarily million quarter a August expenses space $X R&D year decreased Turning revenue, by due in pressure second
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- Q - A
time, this does questions. have That at no we you Thank And conclude call. participation. your for conference today's
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