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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)
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 |
EuroDry (EDRY)'s Technical Outlook is Bright After Key Golden Cross
EuroDry (EDRY) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, EDRY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
Is EuroDry (EDRY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
EuroDry Ltd. (EDRY) Q3 2023 Earnings Call Transcript
EuroDry Ltd. (NASDAQ:EDRY ) Q3 2023 Earnings Conference Call November 8, 2023 11:00 AM ET Company Participants Aristides Pittas – Chairman and Chief Executive Officer Tasos Aslidis – Chief Financial Officer Conference Call Participants Kristoffer Skeie – Arctic Securities Brian...
EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2023
ATHENS, Greece, Nov. 08, 2023 (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...
EuroDry Ltd. Announces Delivery of M/V Maria, an Eco Ultramax Drybulk Carrier
ATHENS, Greece, Nov. 07, 2023 (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 it took delivery of M/V Maria,...
EuroDry Ltd. Sets Date for the Release of Third Quarter 2023 Results, Conference Call and Webcast
ATHENS, Greece, Nov. 01, 2023 (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 it will release its financial results...
EuroDry Ltd. Announces Joint Venture with Investors and Delivery of M/V Christos K, an Eco Ultramax Drybulk Carrier
ATHENS, Greece, Oct. 26, 2023 (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 it formed a joint venture with...
EuroDry Ltd. Announces Delivery of M/V YANNIS PITTAS, an Eco Ultramax Drybulk Carrier
ATHENS, Greece, Oct. 13, 2023 (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 it took delivery of the previously...
EuroDry Ltd. (EDRY) Q2 2023 Earnings Call Transcript
EuroDry Ltd. (NASDAQ:EDRY ) Q2 2023 Results Conference Call August 8, 2023 10:00 AM ET Corporate Participants Aristides Pittas - Chairman and Chief Executive Officer Tasos Aslidis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Kristoffer...
EuroDry Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2023
ATHENS, Greece, Aug. 08, 2023 (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 six...
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Category: Stock Reports