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Stock impact report

Pyxis Tankers Inc. Announces Financial Results for the Three Months Ended March 31, 2019

Pyxis Tankers Inc. (PXS) 
Last pyxis tankers inc. earnings: 3/20 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
Pyxis Tankers Inc. Announces Financial Results for the Three Months Ended March 31, 2019 Maroussi, Greece, May 21, 2019 - Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the "Company" or "Pyxis Tankers") an emerging growth pure play product tanker company, today announced unaudited results for the three months ended March 31, 2019. Summary For the three months ended March 31, 2019, our time charter equivalent revenues were $4.8 million which contributed to a net loss of $2.3 million, or a loss per share (basic and diluted) of $0.11 and our Adjusted EBITDA (see "Non-GAAP Measures and Definitions" below) was $0.5 million. Valentios Valentis, our Chairman and CEO commented: "Our operating results for the first quarter of 2019 reflected the contribution from the short-term time charters of our medium-range product tankers ("MR") which we had entered into during the fourth quarter of 2018 as well as continued cost discipline. The average TCE for our MR's was approximately $12,7 Show less Read more
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