Thursday, July 29, 2021

Ship stock: 2nd quarter earning | 600 shares

Yahoo -> Finance -> Conversation 

Highlights of the Second Quarter of 2021:

Gross revenues: $28.9 million in Q2 2021 compared to $9.3 million in Q2 2020, up 209%

Net income: $2.0 million in Q2 2021, as compared to a net loss of $11.3 million in Q2 2020

EBITDA1: $10.8 million in Q2 2021, as compared to negative $2.1 million in Q2 2020

Adjusted EBITDA1: $11.3 million in Q2 2021, as compared to negative $1.8 million in Q2 2020

For the six-month period ended June 30, 2021, gross revenues were $50.0 million, increased by 116% when compared to $23.1 million in same period of 2020.

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1 hour ago
Seanergy Maritime Holdings Corp. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2021

Highlights of the Second Quarter of 2021:

Gross revenues: $28.9 million in Q2 2021 compared to $9.3 million in Q2 2020, up 209%
Net income: $2.0 million in Q2 2021, as compared to a net loss of $11.3 million in Q2 2020
EBITDA: $10.8 million in Q2 2021, as compared to negative $2.1 million in Q2 2020
Adjusted EBITDA: $11.3 million in Q2 2021, as compared to negative $1.8 million in Q2 2020
Highlights of First Six Months of 2021:

Gross revenues: $50.0 million in 6M 2021 compared to $23.1 million in 6M 2020, up 116%
Net income: $0.6 million in 6M 2021, as compared to a net loss of $19.6 million in 6M 2020
EBITDA: $17.3 million in 6M 2021 as compared to negative $1.1 million in 6M 2020
Adjusted EBITDA: $19.2 6M 2021, as compared to negative $0.5 million in 6M 2020
Second Quarter of 2021 and Recent Developments:

Fleet increase by 45% with the delivery of 5 modern Japanese Capesizes
Fleet modernization through substitution of the fleet’s oldest Capesize with an eight year younger vessel
New time charter agreements with prominent charterers
Financing and refinancing transactions of $117.3 million including a $30.9 million sale and leaseback & new loan commitment

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