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Stock impact report

EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2022

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, Feb. 13, 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 twelve-month periods ended December 31, 2022. Fourth Quarter 2022 Highlights: Total net revenues of $15.1 million.Net income attributable to common shareholders of $6.3 million or $2.21 and $2.20 earnings per share basic and diluted, respectively. Adjusted net income attributable to common shareholders1 for the quarter of $3.3 million, or, $1.18 per share basic and diluted, respectively.Adjusted EBITDA1 was $7.3 million.An average of 10.1 vessels were owned and operated during the fourth quarter of 2022 earning an average time charter equivalent rate of $16,689 per day. Refer to a subsequent section of the Press Release for the definition and method of calculation of time charter equivalent rate.As of February 10, 2023, we had rep Show less Read more
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