Navios Maritime Acquisition (NNA) Misses Q2 EPS by 23c, Revenues Beat

Go back to Navios Maritime Acquisition (NNA) Misses Q2 EPS by 23c, Revenues Beat

Navios Maritime Acquisition CorporationĀ Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2020

July 30, 2020 7:18 AM EDT

Revenue      °     91.6% increase in Q2 2020 revenue to $112.2 million     °    54.8% increase in H1 2020 revenue to $210.1 millionNet Cash from Operating Activities     °    $50.7 million in H1 2020$     °    20.2 million in Q2 2020Adjusted EBITDA     °    228.8% increase in Q2 2020 Adjusted EBITDA to $72.7 million     °    103.5% increase in H1 2020 Adjusted EBITDA to $129.0 millionLiquidation of Navios Europe II Inc.     °    $37.7 million receivables transformed into cash and steel value$92.9 million refinancing for six product tankers     °    Maturities extended through 2027Fleet Renewal:     °    Option for 4th VLCC newbuilding under bareboat... More