Paragon Shipping (PRGN) Reports Q3 Loss Per Share of $0.33
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Paragon Shipping Inc. Reports Third Quarter And Nine Months Ended September 30, 2015 Results
January 26, 2016 5:41 PM ESTATHENS, Greece, Jan. 26, 2016 /PRNewswire/ -- Paragon Shipping Inc. (NASDAQ: PRGN) ("Paragon Shipping" or the "Company"), a global shipping transportation company specializing in drybulk cargoes, announced today its results for the third quarter and nine months ended September 30, 2015.
Third Quarter 2015 Highlights & Recent Developments
Net revenue, net of voyage expenses, of $6.4 million in the third quarter of 2015. Reduced average daily adjusted total vessel operating expenses by 7.4% year-over-year. Adjusted EBITDA of negative $2.3 million in the third quarter of 2015. Adjusted net loss of $8.3 million, or... More