Seanergy Maritime Holdings Corp. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2019

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Seanergy Maritime (SHIP) Misses Q2 EPS by 32c, Revenues Miss

August 1, 2019 8:33 AM EDT

Seanergy Maritime (NASDAQ: SHIP) reported Q2 EPS of ($0.98), $0.32 worse than the analyst estimate of ($0.66). Revenue for the quarter came in at $18.8 million versus the consensus estimate of $20.55 million.

Net revenues: $18.8 million in Q2 2019 compared to $16.8 million in Q2 2018Net loss: $6.9 million in Q2 2019, as compared to a net loss of $8.9 million in Q2 2018EBITDA1: $1.7 million in Q2 2019, as compared to an EBITDA of $1.9 million in Q2 2018

Stamatis Tsantanis, the Companys Chairman and Chief Executive Officer, stated:

Our results for the second quarter and first... More