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

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

August 6, 2020 8:30 AM EDT

ATHENS, Greece, Aug. 06, 2020 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the Company or EuroDry), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today its results for the three and six month periods ended June 30, 2020.  

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... More