Seanergy Maritime Holdings Corp. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020

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Go back to Seanergy Maritime Holdings Corp. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020

Seanergy Maritime (SHIP) Misses Q3 EPS by 8c, Revenues Miss

November 18, 2020 9:17 AM EST

Seanergy Maritime (NASDAQ: SHIP) reported Q3 EPS of $0.04, $0.08 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $15.8 million versus the consensus estimate of $19.94 million.

Highlights of the Third Quarter of 2020:

Net revenues after voyage expenses: $15.8 million in Q3 2020 compared to $15.9 million in Q3 2019Net Income: $3.6 million in Q3 2020, as compared to $0.7 million in Q3 2019EBITDA1: $12.7 million in Q3 2020, as compared to $9.8 million in Q3 2019Gain of $5.2 million from refinancing of a loan facility at a discount

Stamatis Tsantanis, the Companys... More