Pyxis Tankers Inc. (PXS) Swings to Q3 Loss

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Go back to Pyxis Tankers Inc. (PXS) Swings to Q3 Loss

Pyxis Tankers Inc. Announces Financial Results for the Three and Nine Months Ended September 30, 2016

November 14, 2016 8:22 AM EST

MAROUSSI, Greece, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an emerging growth pure play product tanker company, today announced unaudited results for the three and nine months ended September 30, 2016.

Summary:

Reported time charter equivalent revenues of $5.0 million for the three months ended September 30, 2016, which resulted in net loss of $1.5 million, or loss per share (basic and diluted) of $0.08, and EBITDA of $0.8 million (see "Non-GAAP Measures and Definitions" below).

Valentios Valentis, our Chairman and CEO... More