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Stock impact report

EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2023 [Yahoo! Finance]

EuroDry Ltd. - Common Shares (EDRY) 
Last eurodry ltd. - common shares earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
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 loss for the quarter of $0.7 million, or, $0.24 per share basic and diluted. Adjusted EBITDA 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 our agreement to acquire three Ultramax bulkers, M/V Christos K (ex-Giants Causeway), a 63,197dwt drybulk vessel built in 2015, M/V Maria (ex-Sadlers Wells), a 63,153 dwt drybulk vessel also built in 2015, and M/V Yannis Pittas (ex-Galileo), a 63,177 dwt dry bulk vessel built in 2014 f Show less Read more
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