Seanergy Maritime Holdings Corp. Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2019

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Go back to Seanergy Maritime Holdings Corp. Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2019

Seanergy Maritime (SHIP) Tops Q4 EPS by 8c, Revenues Miss

February 13, 2020 8:04 AM EST

Seanergy Maritime (NASDAQ: SHIP) reported Q4 EPS of $0.12, $0.08 better than the analyst estimate of $0.04. Revenue for the quarter came in at $27.8 million versus the consensus estimate of $34.76 million.

Highlights of the Fourth Quarter of 2019:

Net revenues: $27.8 million in Q4 2019, compared to $27.0 million in Q4 2018Net Income: $3.1 million in Q4 2019, as compared to a net loss of $3.2 million in Q4 2018EBITDA1: $11.9 million in Q4 2019, up by 102% from $5.9 million in Q4 2018TCE1: $22,935 in Q4 2019, as compared to $15,312 in Q4 2018

Stamatis Tsantanis, the Companys Chairman and Chief Executive... More