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Complete financial analysis of C3is Inc. (CISS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of C3is Inc., a leading company in the Marine Shipping industry within the Industrials sector.
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C3is Inc. (CISS)
About C3is Inc.
C3is Inc. provides international seaborne transportation services. It provides its services to dry bulk charterers, including national and private industrial users, commodity producers, and traders. The company owns and operates a fleet of two handysize drybulk carriers which transport major bulks, such as iron ore, coal and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers. C3is Inc. was incorporated in 2022 and is headquartered in Majuro, Marshall Islands.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 27.26M | 16.13M | 6.27M |
| Cost of Revenue | 16.71M | 7.90M | 2.49M |
| Gross Profit | 10.54M | 8.24M | 3.78M |
| Gross Profit Ratio | 38.68% | 51.07% | 60.32% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.20M | 2.29M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 |
| SG&A | 1.20M | 2.29M | 129.18K |
| Other Expenses | -1.08M | 0.00 | 0.00 |
| Operating Expenses | 115.73K | 2.29M | 129.18K |
| Cost & Expenses | 16.83M | 10.18M | 2.62M |
| Interest Income | 36.11K | 59.72K | 0.00 |
| Interest Expense | 1.37M | 194.75K | 45.62K |
| Depreciation & Amortization | 4.10M | 59.72K | 441.75K |
| EBITDA | 14.76M | 6.03M | 4.10M |
| EBITDA Ratio | 54.16% | 37.26% | 65.30% |
| Operating Income | 10.43M | 5.95M | 3.65M |
| Operating Income Ratio | 38.26% | 36.89% | 58.26% |
| Total Other Income/Expenses | -1.14M | -120.17K | -45.40K |
| Income Before Tax | 9.29M | 5.83M | 3.61M |
| Income Before Tax Ratio | 34.09% | 36.15% | 57.53% |
| Income Tax Expense | 0.00 | 135.03K | 1.00 |
| Net Income | 9.29M | 5.83M | 3.61M |
| Net Income Ratio | 34.09% | 36.15% | 57.53% |
| EPS | 97.54 | 1.60 | 117.19 |
| EPS Diluted | 97.54 | 1.36 | 117.19 |
| Weighted Avg Shares Out | 87.42K | 4.28M | 30.79K |
| Weighted Avg Shares Out (Dil) | 87.42K | 4.28M | 30.79K |
C3is Inc. (CISS) Q3 2024 Earnings Call Transcript
C3is Inc. (NASDAQ:CISS ) Q3 2024 Earnings Conference Call November 18, 2024 11:00 AM ET Company Participants Diamantis Andriotis - Chief Executive Officer Nina Pyndiah - Chief Financial Officer Operator Good day and thank you for standing by. Welcome to...
C3is Inc. reports third quarter and nine months 2024 financial and operating results
ATHENS, Greece, Nov. 18, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the third quarter and nine months...
C3is Inc. announces the date for the release of the third quarter 2024 financial and operating results
ATHENS, Greece, Nov. 12, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its third quarter financial results for the period ended September 30, 2024 before...
C3is Inc. (CISS) Q2 2024 Earnings Call Transcript
C3is Inc. (NASDAQ:CISS ) Q2 2024 Results Conference Call August 22, 2024 11:00 AM ET Company Participants Diamantis Andriotis - CEO Nina Pyndiah - CFO Operator Good day, and thank you for standing by. Welcome to the C3is Q2 2024...
CISS Stock Earnings: C3is Reported Results for Q2 2024
C3is (NASDAQ: CISS ) just reported results for the second quarter of 2024. C3is reported earnings per share of 63 cents.
C3is Inc. reports second quarter and six months 2024 financial and operating results
ATHENS, Greece, Aug. 22, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended...
C3is Inc. announces the date for the release of the second quarter 2024 financial and operating results
ATHENS, Greece, Aug. 19, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its second quarter financial results for the period ended June 30, 2024 before...
C3is Inc. (CISS) Q1 2024 Earnings Call Transcript
C3is Inc. (NASDAQ:CISS ) Q1 2024 Earnings Conference Call May 28, 2024 11:00 AM ET Company Participants Diamantis Andriotis - CEO Nina Pyndiah - CFO Conference Call Participants Diamantis Andriotis Good morning, everyone, and welcome to our C3is First Quarter...
C3is Inc. reports Revenue of $12.8 million, Net Income of $3.8 million, and financial and operating results for the quarter ended March 31, 2024
ATHENS, Greece, May 28, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, and from the third quarter of 2023, tanker transportation services, announced today its unaudited financial and operating results...
C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company
ATHENS, Greece, April 12, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has entered into an agreement to acquire the Bulk Carrier Eco Spitfire for $16.19 million from Brave Maritime, an affiliated company.
Source: https://incomestatements.info
Category: Stock Reports