Euroseas Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2020
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Euroseas Ltd. (ESEA) Reports Q3 Loss of $0.26
November 19, 2020 4:09 PM ESTEuroseas Ltd. (NASDAQ: ESEA) reported Q3 EPS of ($0.26), versus ($0.15) reported last year. Revenue for the quarter came in at $12.3 million versus the consensus estimate of $12.39 million.
Third Quarter 2020 Highlights:
Total net revenues of $12.3 million. Net income of $0.2 million; net income attributable to common shareholders (after a $0.2 million dividend on Series B Preferred Shares) of $0.03 million or $0.01 earnings per share basic and diluted. Adjusted net loss attributable to common shareholders1 for the period was $1.5 million or $0.261 per share basic and diluted. Adjusted EBITDA1 was $1.2 million.An average of 16.52... More