On this page of Benford's Law Stocks.com we present our study of ADVENT TECHNOLOGIES HOLDINGS, INC. — ticker symbol ADN. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/27/2020 to 10/15/2024 for ADVENT TECHNOLOGIES HOLDINGS, INC. under CIK number 0001744494. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for ADN, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for ADVENT TECHNOLOGIES HOLDINGS, INC. based on the past ADN filings our system processed in the past.
32.3
19.1
10.5
8.0
7.7
6.0
6.2
5.3
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 913
Recent share count: 2,636,508 (2's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
913
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 9 numbers to move any given column by a full percentage point.
98

Starting from a possible score of 100, we made the following score deductions:
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
ADN
High score compared to other filers, with ADN falling in the highest 10% of filers.
VVI
WH
APA
ARLP
WAT
ZWS
AKBA
AQST
Check our work! We provide our ADVENT TECHNOLOGIES HOLDINGS, INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the ADN filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 295 numbers that start with the digit 1. Here they are:
100
191
11
1,986
14,369
1,768
1,916
162
176
179
15,779
11,913
170
1,469
17,248
1,000,000
199,265
194,941
199,788
179,159
13,448
14,369
1,112
155
1,905
1,174
1,300
1,194
13,275
16,820
138
145
1
188
127
127
12,938
118
156
159
165
118
11,273
11,273
12.26
19.25
1,780,574
1,757,137
12.26
19.25
1,780,574
1,757,137
11,273
11,223
197,000
188,515
156
156
11,273
11,273
199,265
199,788
1,742,055
177,086
119,750
1,947,340
183,914
141,581
194,941
179,159
13,448
199,265
199,788
1,723,924
174,514
107,762
1,947,340
183,914
141,581
1,116
1,210
1,025
12,733
12
111
119
1
1,329
1,239
158
119
1,104
121
18,899
1,214
1,864
14
12,798
10,052
1,996
12,798
100
100
100
100
100
100
100
100
1,047
168
1
1
18
17
1.0
14
13
131,343
13,333
177
177
1,277
191
14,249
14,959
12,263
12,252
1,986
12,271
12,252
12,263
12,263
155
13
1,763
1,149
114
19
1
152
130
13
1,551
1,105
17,974
1,017
1,595
153
19,569
19,975
17,974
1,017
1,595
154
19,569
19,975
1.0
188
14
14,475
14,308
16,279
1.4
12.7
10.4
1,116
1,210
1,768
1,916
139
1
1.5
1
1.0
1
145
109
162
170
131,343
1
1,000,000
1.4
1.6
124.24
17,325
146.51
119.49
1.4
1.6
10,091
138.60
1,026
1,795
1,668
1,112
1,112
1,112
11
1
1.2
1.2
1
1.3
1
1,156
1,487
179
125
1,112
14,174
11,273
1,780,574
1,757,137
1,780,574
1,757,137
12.26
19.25
12.26
19.25
100
100
191
128
11
10
195
1,418
10
10,918
1,326
1,710
1,447
13,378
1,461
11,063
13,378
15,468
1,091
1,602
1,916
1,035
1,502
179
179
11,913
1,502
11
1
1,266
194,941
194,941
1,452
179,159
186,639
13,448
1,568
13,378
15,468
123
11
11
1,986
1,874
112
1,387
1,927
10
1,224
1,333
14,369
1,553
1,768
162
133
176
176
15,779
12,761
170
164
1
1,469
1,213
17,248
13,017
199,265
199,265
1,371
199,788
1,956
14,369
1
18
We found 174 numbers that start with the digit 2. Here they are:
2,636,508
21
2,707
2,254
21,549
25,902
2,221
2,015
2,186
21,289
2,636,508
2,580,159
2,356
2,334
2,879
2,089
2,114
2,883
265
2
21,287
286
2,466
2,483
21,827
20,684
21,831
20,629
2,634,179
2,609,549
2,634,179
2,609,549
21,831
20,629
22
22
21,837
20,651
2,605,135
2,406
2,109
2,109
2,636,508
2,356
2,879
2,268
200,984
2,317
2,317
21,831
21,831
2,274
2,580,159
2,334
282
282
20,629
20,629
22
22
2,636,508
2,356
2,879
2,604
200,984
22,432
2,274
20,629
2
239
2,322
23
292
255
28
2,348
272
282
20,915
2.5
223
2,707
236
232
239
228
236
236
273
20
21,221
2,612
266
266
229
24,328
24,734
21,221
2,612
266
266
233
24,332
24,738
2.0
28
2,857
2,384
2,384
21,549
28
249
262
249
257
243
248
223
228
242
219
21,401
2
21
24,976
2
2,636,508
2,580,159
262,177
2.6
2.7
200.1
25,572
209.90
211.27
255
2,588
294
2,089
2,089
2,089
21
2.2
2.0
2,921
2,089
21,000
2,304
2,150
21,831
20,629
2,634,179
2,609,549
2,634,179
2,609,549
21
2,707
2,512
2,254
21,549
242
25,902
2,015
2,186
21,289
2,334
239
2,221
29
256
2,356
201,744
2,879
2
We found 96 numbers that start with the digit 3. Here they are:
3,562
3,314
341
3,216
303
308
34,737
320
34,737
3,389
3,082
3,587
32,984
36
33,019
33,819
33,819
330
330
33,489
31,373
332
332
332
332
33,819
33,819
330
330
33,819
3
300
3,410
3,410
3,716
33,619
3,562
3
345.00
345.00
345.00
326
320
326
326
332
332
355
361
355
36
3,247
3,247
34
33,568
3.9
3
3
39
341
3,216
353
332
345.00
31,373
345.00
345.00
30,813
3.3
32,231
3,508
31
3
318,400
33,819
3,562
361
3,201
3,216
308
34,737
3,996
3,629
320
320
3,020
34,737
3,314
3,483
3,432
341
35
306
303
3,018
3,464
4's 5's 6's
We found 73 numbers that start with the digit 4. Here they are:
4,256
409
489
4,871
4
4.28
4.28
4,179
4,179
4,301
40,059
4,042
4,042
4,179
4,179
4,889
4,889
40,059
409
4,871
489
4,042
4,889
422
443
436
4,810
4,412
4,810
4,412
4
489
4
406
406
406
406
4,683
4,683
406
406
406
406
4,684
4,684
4
4,033
4,785
4
435
473
4.2
4
4.7
4.3
4,256
4,256
4
477
4,256
4,454
4.28
4.28
4,430
4,405
413
48
4,323
4,460
4,460
4,816
4,231
4,816
We found 70 numbers that start with the digit 5. Here they are:
5,087
530
5,162
537
59
500,000,000
5,002
59
54
55
50
50
50
50
55,068
56,349
59
59
55
586
542
5,426
540
5
53
55
59
59
59
59
59
59
552
5,173
5,275
559
570
5
5
5,087
5
501,000,000
500,000,000
540.00
569,273
57,894
550
5
55
50
5.2
57,600
57,600
59
5,891
5,087
530
523
59
59
5,891
594
5,510
566
5,717
5,162
5,162
537
537
585
We found 55 numbers that start with the digit 6. Here they are:
682
6,915
6,734
6,283
671
684
650
677
660
6,024
6,372
6
6
6,079
6
6
64,148
664
682
682
682
682
682
6
608
6,734
6,283
6,041
6,041
6
65,671
67,894
6
649
64
6,174
63
69
66
636
6,782
684
683
694
682
6,915
66
6,734
64
6,121
6,283
668
6
671
670
7's 8's 9's
We found 57 numbers that start with the digit 7. Here they are:
76
79
750
7,454
7
793
760
7.91
7.91
7,208
750
769
7
750
73
7
7
734,309
751
707
76
76
76
79
79
79
76
7,161
750
716
716
750
7
7
7
735,069
760
760
7
7
709
748
75,400
7.91
7.91
79
750
750
7
7,416
7,416
7,420
799
76
7,454
7
7
We found 48 numbers that start with the digit 8. Here they are:
8,835
8,230
83
805
8,331
8,633
8
806
800
801
832
822
8.9
8
894
893
893
8.00
8,721
8
80
8
831
80
81
8
831
8
813,314
86
805
805
8
86
805
8,000
836
8,835
881
8,230
803
83
83
8,918
8,048
882
88
863
We found 45 numbers that start with the digit 9. Here they are:
922
91
9,376
9,763
9,763
99
9,763
9
9
94
9
972
911
969
969
998
99
922
9,461
999
958
9
9
9,389
9,635
9
9.8
9
90
9
9
9,756
99.72
96
92
976
9,305
9,376
922
9,553
905
91
91
985
9,553
While the above ADN 10Q Filed 10/15/2024 is interesting in isolation, we have found that it is also useful to take a look at older ADVENT TECHNOLOGIES HOLDINGS, INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 10/15/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical ADN 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

32.3
19.1
10.5
8.0
7.7
6.0
6.2
5.3
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 913

= Typical ADN range from 3/27/2020 to 10/15/2024
29.6
17.1
14.2
10.0
9.7
6.3
4.4
4.4
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 742

= Typical ADN range from 3/27/2020 to 10/15/2024
29.1
22.2
11.2
10.1
9.1
5.4
3.3
3.9
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 820

= Typical ADN range from 3/27/2020 to 10/15/2024
31.4
18.6
9.6
9.6
7.6
6.1
6.0
6.5
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 940

= Typical ADN range from 3/27/2020 to 10/15/2024
36.3
18.8
14.9
7.6
4.9
3.6
3.8
5.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 659

= Typical ADN range from 3/27/2020 to 10/15/2024
36.1
12.8
8.0
7.6
17.4
3.8
9.0
3.5
1.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 8
XBRL?   [ original filing ]
Total numbers found: 288

= Typical ADN range from 3/27/2020 to 10/15/2024
29.9
18.9
12.8
7.9
7.3
5.7
6.6
6.0
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,158

= Typical ADN range from 3/27/2020 to 10/15/2024
26.9
17.2
12.1
9.9
12.1
5.8
4.7
6.0
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 513

= Typical ADN range from 3/27/2020 to 10/15/2024
31.4
22.5
10.7
11.3
7.5
4.3
4.7
2.9
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL?   [ original filing ]
Total numbers found: 759

= Typical ADN range from 3/27/2020 to 10/15/2024
33.9
21.1
6.7
8.5
9.6
4.4
5.2
6.9
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 53
XBRL?   [ original filing ]
Total numbers found: 563

= Typical ADN range from 3/27/2020 to 10/15/2024
34.2
23.6
11.1
8.6
10.2
4.0
3.4
1.5
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 802

= Typical ADN range from 3/27/2020 to 10/15/2024
35.2
22.5
11.1
6.9
11.4
3.6
4.9
2.0
2.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL?   [ original filing ]
Total numbers found: 449

= Typical ADN range from 3/27/2020 to 10/15/2024
24.1
20.2
13.3
8.7
11.4
7.7
4.3
5.1
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 743

= Typical ADN range from 3/27/2020 to 10/15/2024
29.3
19.2
10.0
10.3
8.7
6.0
5.7
5.0
5.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 1,086

= Typical ADN range from 3/27/2020 to 10/15/2024
33.4
20.0
8.6
11.7
7.8
6.4
3.6
3.6
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL?   [ original filing ]
Total numbers found: 580

= Typical ADN range from 3/27/2020 to 10/15/2024
39.3
16.9
10.8
9.2
4.1
7.9
2.9
5.3
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 491

= Typical ADN range from 3/27/2020 to 10/15/2024
32.4
18.1
7.5
5.9
16.8
6.9
5.0
5.3
2.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 44
XBRL?   [ original filing ]
Total numbers found: 321

= Typical ADN range from 3/27/2020 to 10/15/2024
37.2
19.9
9.4
7.3
14.2
5.2
2.9
1.6
2.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 47
XBRL?   [ original filing ]
Total numbers found: 996

= Typical ADN range from 3/27/2020 to 10/15/2024
 

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