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Stock impact report

EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2023

EuroDry Ltd. - Common Shares (EDRY) 
Last eurodry ltd. - common shares earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
ATHENS, Greece, Nov. 08, 2023 (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 nine-month periods ended September 30, 2023. Third Quarter 2023 Highlights: Total net revenues for the quarter of $10.0 million.Net loss of $0.5 million or $0.19 loss per share basic and diluted. Adjusted net loss1 for the quarter of $0.7 million, or, $0.24 per share basic and diluted.Adjusted EBITDA1 was $3.1 million.An average of 10.0 vessels were owned and operated during the third quarter of 2023 earning an average time charter equivalent rate of $12,126 per day.As of November 8, 2023 we had repurchased 268,490 shares of our common stock in the open market for about $4.0 million (approximately 9.7% of our currently outstanding shares), under our share repurchase plan initiated in August 2022.On September 12, 2023 we announced Show less Read more
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