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Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2020

June 3, 2020 7:30 AM EDT

Maroussi, Greece, June 3, 2020 Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS) (the Company or Pyxis Tankers), a growth-oriented pure play product tanker company, today announced unaudited results for the three months ended March 31, 2020.

Summary

For the three months ended March 31, 2020, our Revenues, net were $6.6 million and our time charter equivalent revenues increased by $0.2 million, or 3.8%, to $5.0 million compared to the same period in 2019. Net loss for the three months ended March 31, 2020, was $1.2 million, or a loss per share (basic and diluted) of $0.06 which were marked improvements over the... More