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Stock impact report

EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2024

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. 19, 2024 (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, 2024. Third Quarter 2024 Highlights: Total net revenues for the quarter of $14.7 million.Net loss attributable to controlling shareholders, of $4.2 million or $1.53 loss per share basic and diluted, respectively. Adjusted net loss1 attributable to controlling shareholders for the quarter of $3.9 million or $1.42 loss per share basic and diluted, respectively. Adjusted EBITDA1 for the quarter was $0.5 million.An average of 13.0 vessels were owned and operated during the third quarter of 2024 earning an average time charter equivalent rate of $13,105 per day.To-date, about $5.0 million have been used to repurchase 314,337 shares of the Company, under our share repurchase plan of up to $10 milli Show less Read more
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