DryShips (DRYS) Reports Q4 Loss of $54.16/Share

DryShips (NASDAQ: DRYS) reported Q4 EPS of ($54.16), versus ($9,518) reported last year. Revenue for the quarter came in at $12.84 million, versus $23.77 million reported last year.

Updated Key Information as of February 7, 2017:

• Cash and cash equivalents about $243.0 million, (or $6.70 per share)
• Book value of Vessels, net about $95.3 million
• 3rd Party Loans about $16.5 million
• Sifnos Loan Facility balance about $142.9 million
• Sifnos Loan available liquidity about $57.1 million
• Number of Shares Outstanding 36,253,866

George Economou, Chairman and Chief Executive Officer of the Company, commented:

"We are pleased to have put 2016 behind us. Having now restored our balance sheet and successfully raised over $300 million in new equity in the last 12 months, DryShips is in a unique position to opportunistically acquire vessels at prices close to historic lows."

For earnings history and earnings-related data on DryShips (DRYS) click here.

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