Pyxis Tankers Inc. (PXS) Misses Q4 EPS by 4c, Revenues Miss

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Go back to Pyxis Tankers Inc. (PXS) Misses Q4 EPS by 4c, Revenues Miss

Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2020

March 24, 2021 4:05 PM EDT

Maroussi, Greece, March 24, 2021 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 and year ended December 31, 2020.

Summary

For the three months ended December 31, 2020, our Revenues, net were $4.5 million. For the period, our time charter equivalent (TCE) revenues were $3.6 million, a decrease of approximately $2.6 million or 41.9% over the comparable period in 2019 primarily due to 151 fewer operating days of our fleet reflecting the sale of our... More