EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2020

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Go back to EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2020

EuroDry Ltd. (EDRY) Misses Q2 EPS by 58c, Revenues Miss

August 6, 2020 8:36 AM EDT

EuroDry Ltd. (NASDAQ: EDRY) reported Q2 EPS of ($1.73), $0.58 worse than the analyst estimate of ($1.15). Revenue for the quarter came in at $4 million versus the consensus estimate of $4.75 million.

Second Quarter 2020 Highlights:

Total net revenues of $4.0 million. Net loss of $3.8 million; net loss attributable to common shareholders (after a $0.4 million dividend on Series B Preferred Shares) of $4.2 million or $1.86 loss per share basic and diluted. Adjusted net loss attributable to common shareholders1 for the period was $3.9 million or $1.73 loss per share basic and diluted.Adjusted EBITDA1 was $(1.3) million.An... More