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Stock impact report

EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2024 [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
and provider of seaborne transportation for drybulk cargoes, announced today its results for the three-month period ended March 31, 2024. First Quarter 2024 Highlights: Total net revenues of $14.4 million. Net loss attributable to controlling shareholders, of $1.8 million or $0.65 loss per share basic and diluted, respectively. Adjusted net loss attributable to controlling shareholders for the quarter of $3.2 million or $1.18 loss per share basic and diluted, respectively, before unrealized gain on derivatives. Adjusted EBITDA was $2.1 million. An average of 13.0 vessels were owned and operated during the first quarter of 2024 earning an average time charter equivalent rate of $12,455 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 May 21, 2024, we had repurchased 299,646 shares of our common stock in the open market for $4.7 million, since the initiation of our repurchase pla Show less Read more
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