EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2020
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EuroDry Ltd. (EDRY) Misses Q1 EPS by 22c, Revenues Miss
May 18, 2020 4:07 PM EDTEuroDry Ltd. (NASDAQ: EDRY) reported Q1 EPS of ($0.91), $0.22 worse than the analyst estimate of ($0.69). Revenue for the quarter came in at $5.1 million versus the consensus estimate of $5.73 million.
First Quarter 2020 Highlights:
Total net revenues of $5.1 million; net loss of $2.3 million; net loss attributable to common shareholders (after a $0.4 million dividend on Series B Preferred Shares) of $2.6 million or $1.17 loss per share basic and diluted. Adjusted net loss attributable to common shareholders1 for the period was $2.1 million or $0.91 per share basic and diluted. Adjusted EBITDA1 was $0.6 million. An average... More