Seanergy Maritime (SHIP) Reports Q1 Loss of $0.29

Seanergy Maritime (NASDAQ: SHIP) reported Q1 EPS of ($0.29). Revenue for the quarter came in at $10.9 million.

Highlights of 2016:

• Net Revenues: $34.7 million in 2016, up 209% compared to $11.2 million in 2015
• Total Equity: $30.8 million in 2016, up 32% compared to $23.3 million in 2015
• Fleet growth: 1.5 million dwt in 2016, up 30% compared to 1.15 million dwt at end of 2015

Recent developments in 2017:

• Agreement to acquire another modern Capesize vessel, increasing fleet cargo-carry capacity to 1.7 million dwt
• Gain of $11.4 million upon closing of refinancing of existing loan facility
• Proactive covenant waivers and deferrals until second quarter of 2018

For earnings history and earnings-related data on Seanergy Maritime (SHIP) click here.

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