Navios Maritime Acquisition (NNA) Reports Q3 Loss of $0.20/sh

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Go back to Navios Maritime Acquisition (NNA) Reports Q3 Loss of $0.20/sh

Navios Maritime Acquisition Corporation Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020

December 1, 2020 8:09 AM EST

Revenue  33.6% increase in Q3 2020 revenue to $78.8 million  48.4% increase in 9M 2020 revenue to $288.9 millionNet Cash from Operating Activities  $35.3 million in Q3 2020  $86.0 million in 9M 2020Adjusted EBITDA  55.2% increase in Q3 2020 Adjusted EBITDA to $37.1 million  90.1% increase in 9M 2020 Adjusted EBITDA to $166.0 millionDelivery of one newbuilding VLCC on bareboat leaseReduced debt by $81.3 million; 7%Quarterly dividend: $0.05 per share

MONACO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Navios Maritime Acquisition Corporation (Navios... More