Seanergy Maritime (NASDAQ: SHIP) reported Q2 EPS of ($0.65), $0.11 worse than the analyst estimate of ($0.54). Revenue for the quarter came in at $9.04 million versus the consensus estimate of $13.94 million.
Highlights of the Second Quarter of 2020:
- Net revenues after voyage expenses: $4.7 million in Q2 2020 compared to $8.0 million in Q2 2019
- Net loss: $11.3 million in Q2 2020, as compared to $6.9 million in Q2 2019
- EBITDA1: ($2.1) million in Q2 2020, as compared to $1.7 million in Q2 2019
Second Quarter of 2020 and Recent Developments:
- Delivered one vessel to Glencore under a long-term time-charter following scrubber installation
- Successfully completed a series of equity capital markets transactions
- Acquired one Capesize vessel with prompt delivery
- Completed refinancing of a facility achieving a gain of $5.6 million
- Effected a 16-1 Reverse Stock Split
- Regained compliance with the Nasdaq minimum bid price requirement
For earnings history and earnings-related data on Seanergy Maritime (SHIP) click here.
