EuroDry Ltd. (EDRY) Income Statement Analysis

See more : Huneed Technologies (005870.KS) Income Statement Analysis – Financial Results

Complete financial analysis of EuroDry Ltd. (EDRY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of EuroDry Ltd., a leading company in the Marine Shipping industry within the Industrials sector.

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EuroDry Ltd. (EDRY)

Industry: Marine Shipping

Sector: Industrials

Website: https://www.eurodry.gr

About EuroDry Ltd.

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. As of March 31, 2022, it operated a fleet of ten drybulk carriers comprising five Panamax drybulk carriers, two Ultramax drybulk carrier, two Kamsarmax carriers, and one Supramax drybulk carrier with a cargo capacity of 726,555 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	47.59M	70.18M	64.44M	22.29M	27.24M	24.52M	19.16M	7.88M
Cost of Revenue	39.12M	28.07M	20.47M	18.44M	18.35M	15.02M	14.07M	8.22M
Gross Profit	8.47M	42.12M	43.98M	3.84M	8.89M	9.51M	5.08M	-340.73K
Gross Profit Ratio	17.80%	60.01%	68.24%	17.25%	32.63%	38.77%	26.53%	-4.32%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	6.74M	10.86M	5.09M	6.59M	5.88M	5.51M	2.45M	1.58M
Selling & Marketing	134.29K	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	6.88M	10.86M	5.09M	6.59M	5.88M	5.51M	2.45M	1.58M
Other Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	6.88M	10.86M	5.09M	6.59M	5.88M	5.51M	2.45M	1.58M
Cost & Expenses	46.00M	38.92M	25.55M	25.03M	24.23M	20.53M	16.53M	9.80M
Interest Income	897.62K	46.30K	10.48K	4.09K	22.22K	14.08K	0.00	53.00
Interest Expense	6.49M	3.85M	2.34M	2.33M	3.51M	2.91M	1.82M	1.16M
Depreciation & Amortization	10.97M	10.99M	7.95M	6.70M	6.61M	5.82M	5.00M	4.30M
EBITDA	14.38M	48.38M	41.45M	3.15M	10.14M	9.85M	7.66M	-4.68M
EBITDA Ratio	30.21%	59.93%	72.25%	17.13%	34.83%	38.45%	38.70%	24.23%
Operating Income	1.59M	34.12M	38.89M	-2.74M	3.01M	3.99M	2.63M	-8.97M
Operating Income Ratio	3.35%	48.61%	60.35%	-12.28%	11.04%	16.29%	13.72%	-113.85%
Total Other Income/Expenses	-4.88M	-574.05K	-7.74M	-3.14M	-2.99M	-2.87M	-1.78M	-1.17M
Income Before Tax	-3.28M	33.54M	31.15M	-5.88M	16.50K	1.12M	849.70K	-10.14M
Income Before Tax Ratio	-6.90%	47.79%	48.34%	-26.37%	0.06%	4.57%	4.44%	-128.71%
Income Tax Expense	0.00	-6.09M	2.34M	2.33M	3.51M	38.91K	1.82M	1.16M
Net Income	-2.91M	33.54M	31.15M	-8.21M	-3.50M	1.12M	849.70K	-10.14M
Net Income Ratio	-6.11%	47.79%	48.34%	-36.83%	-12.84%	4.57%	4.44%	-128.71%
EPS	-1.05	11.66	11.63	-3.61	-1.55	0.50	0.38	-4.50
EPS Diluted	-1.05	11.61	11.54	-3.61	-1.55	0.50	0.38	-4.50
Weighted Avg Shares Out	2.76M	2.88M	2.53M	2.28M	2.25M	2.23M	2.21M	2.25M
Weighted Avg Shares Out (Dil)	2.76M	2.89M	2.55M	2.28M	2.25M	2.23M	2.25M	2.25M

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ATHENS, Greece, March 15, 2021 (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 that Dr. Tasos Aslidis, Chief Financial Officer...

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February 16, 2021globenewswire.com

ATHENS, Greece, Feb. 16, 2021 (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...

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ATHENS, Greece, Jan. 19, 2021 (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 that Tasos Aslidis, Chief Financial Officer will present...