UPDATE: DryShips (DRYS) Reports Q1 Revenue of $11.8M

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DryShips Inc. Reports Financial and Operating Results for the First Quarter 2017

May 10, 2017 4:05 PM EDT

ATHENS, GREECE -- (Marketwired) -- 05/10/17 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, today announced its unaudited financial and operating results for the quarter ended March 31, 2017.

Updated Key Information as of May 10, 2017:

Cash and cash equivalents: approximately $340.7 million (or $5.05 per share) Book value of vessels, net: approximately $286.2 million (or $4.25 per share) Sifnos Loan Facility balance: approximately $200.0 million Number of Shares Outstanding: 67,401,964

New Acquisitions

On May 10, 2017, the Company entered into an agreement... More