See more : Global Links Corp. (GLCO) Income Statement Analysis – Financial Results
Complete financial analysis of Top Ships Inc. (TOPS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Top Ships Inc., a leading company in the Marine Shipping industry within the Industrials sector.
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Top Ships Inc. (TOPS)
About Top Ships Inc.
Top Ships Inc. owns and operates tanker vessels worldwide. The company's medium range tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2020, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was incorporated in 2000 and is based in Maroussi, Greece.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 82.95M | 80.66M | 56.37M | 60.22M | 66.09M | 41.05M | 39.36M | 28.43M | 13.08M | 3.60M | 20.07M | 31.43M | 41.69M | 90.88M | 107.98M | 257.38M | 252.26M | 310.04M | 244.22M | 93.83M | 23.09M | 11.43M | 13.34M |
| Cost of Revenue | 34.49M | 44.41M | 35.87M | 35.35M | 37.44M | 29.41M | 28.13M | 21.99M | 12.26M | 1.96M | 7.79M | 13.21M | 9.48M | 7.05M | 42.54M | 169.49M | 246.54M | 71.68M | 91.41M | 33.76M | 8.42M | 7.86M | 7.76M |
| Gross Profit | 48.46M | 36.25M | 20.50M | 24.87M | 28.65M | 11.63M | 11.24M | 6.44M | 811.00K | 1.64M | 12.28M | 18.22M | 32.22M | 83.82M | 65.44M | 87.89M | 5.72M | 238.36M | 152.81M | 60.07M | 14.67M | 3.56M | 5.59M |
| Gross Profit Ratio | 58.43% | 44.95% | 36.37% | 41.29% | 43.36% | 28.34% | 28.55% | 22.65% | 6.20% | 45.56% | 61.19% | 57.96% | 77.27% | 92.24% | 60.60% | 34.15% | 2.27% | 76.88% | 62.57% | 64.02% | 63.53% | 31.17% | 41.86% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 8.90M | 1.62M | 1.94M | 9.51M | 12.41M | 15.52M | 5.81M | 2.91M | 4.87M | 3.09M | 4.66M | 9.51M | 0.00 | 31.00M | 23.84M | 31.47M | 23.00M | 168.91M | 3.16M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 10.84M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.29M | 0.00 | 0.00 | 0.00 | 0.00 | 20.66M | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 19.74M | 1.62M | 1.94M | 9.51M | 12.41M | 15.52M | 5.81M | 2.91M | 4.87M | 3.09M | 4.66M | 9.51M | 29.64M | 34.29M | 23.84M | 31.47M | 23.00M | 168.91M | 23.82M | 6.66M | 129.00K | 816.00K | 455.00K |
| Other Expenses | 0.00 | 2.09M | 2.60M | 4.80M | 0.00 | 180.00K | 1.12M | -5.00K | 20.00K | -6.00K | -342.00K | -1.59M | 9.84M | 27.28M | 23.79M | -5.31M | 258.38M | 28.10M | 42.03M | 16.62M | 11.83M | 2.39M | 49.00K |
| Operating Expenses | 19.74M | 3.71M | 4.54M | 14.31M | 12.41M | 15.52M | 9.62M | 1.59M | 5.15M | 2.23M | 4.66M | 9.51M | 39.49M | 61.56M | 63.01M | 26.17M | 281.38M | 197.00M | 65.85M | 23.28M | 11.96M | 3.21M | 504.00K |
| Cost & Expenses | 54.22M | 48.12M | 40.41M | 49.66M | 49.84M | 44.94M | 37.75M | 23.59M | 17.41M | 4.19M | 12.45M | 22.72M | 48.96M | 68.61M | 105.55M | 195.66M | 527.92M | 268.68M | 157.26M | 57.03M | 20.38M | 11.07M | 8.26M |
| Interest Income | 346.00K | 48.00K | 6.98M | 34.00K | 133.00K | 130.00K | 13.00K | 0.00 | 468.00K | 74.00K | 131.00K | 175.00K | 45.00K | 136.00K | 235.00K | 1.83M | 3.25M | 3.02M | 1.77M | 481.00K | 1.00K | 6.00K | 30.00K |
| Interest Expense | 22.99M | 14.37M | 7.00M | 20.72M | 17.80M | 9.40M | 15.79M | 3.09M | 0.00 | 422.00K | 6.48M | 9.05M | 12.39K | 14.78M | 13.97M | 25.76M | 23.22M | 29.18M | 20.18M | 5.20M | 1.22M | 832.00K | 748.00K |
| Depreciation & Amortization | 14.35M | 13.29M | 7.68M | 13.21M | 12.44M | 8.35M | 5.86M | 5.17M | 795.00K | 877.00K | 6.76M | 12.51M | 29.39M | 35.81M | 35.01M | 33.47M | 28.04M | 40.13M | 47.06M | 13.11M | 3.60M | -2.55M | 1.34M |
| EBITDA | 43.08M | 52.52M | 23.65M | 11.66M | 29.32M | 4.46M | 7.00M | 7.47M | -7.02M | 329.00K | 14.65M | -42.43M | -145.69M | 63.19M | 37.43M | 100.33M | -1.08M | 50.81M | 135.42M | 50.54M | 6.81M | 2.57M | 6.42M |
| EBITDA Ratio | 51.93% | 41.21% | 29.64% | 40.32% | 44.36% | 7.12% | 6.98% | 17.03% | -27.12% | 9.13% | 65.84% | 62.06% | 54.15% | 69.53% | 70.68% | 41.71% | -98.17% | 26.30% | 54.82% | 59.58% | 34.61% | 22.48% | 57.61% |
| Operating Income | 28.73M | 11.37M | 1.08M | 11.07M | 16.88M | -3.89M | 1.62M | 4.85M | -7.42M | -588.00K | 9.23M | -52.77M | -7.27M | 22.26M | -34.21M | 61.72M | -29.12M | 41.36M | 86.95M | 37.43M | 2.71M | 356.00K | 3.79M |
| Operating Income Ratio | 34.63% | 14.10% | 1.92% | 18.39% | 25.53% | -9.47% | 4.11% | 17.05% | -56.72% | -16.32% | 45.99% | -167.92% | -17.43% | 24.50% | -31.68% | 23.98% | -11.54% | 13.34% | 35.61% | 39.90% | 11.74% | 3.12% | 28.43% |
| Total Other Income/Expenses | -22.66M | -13.67M | -6.19M | -33.89M | -31.65M | -7.24M | -14.99M | -3.80M | -4.17M | 3.48M | -6.22M | -73.32M | -456.00K | -5.11M | 34.21M | -12.15M | 16.00K | -15.22M | 134.00K | -4.48M | -1.08M | -356.00K | -1.27M |
| Income Before Tax | 6.07M | 18.95M | 8.62M | -22.82M | -14.77M | -11.42M | -13.35M | 1.05M | -8.51M | 2.90M | 1.41M | -63.98M | -7.72M | 17.15M | -73.10M | 49.57M | -29.10M | 41.29M | 87.09M | 32.95M | 1.63M | 0.00 | 2.53M |
| Income Before Tax Ratio | 7.31% | 23.49% | 15.29% | -37.89% | -22.35% | -27.82% | -33.90% | 3.70% | -65.06% | 80.40% | 7.01% | -203.59% | -18.53% | 18.88% | -67.70% | 19.26% | -11.54% | 13.32% | 35.66% | 35.12% | 7.07% | 0.00% | 18.93% |
| Income Tax Expense | 0.00 | -21.94M | -7.88M | 21.44M | 18.57M | 1.87M | 11.08M | -500.00K | 9.22M | 416.00K | 6.14M | 7.46M | 181.84M | 19.75M | 52.62M | 36.08M | -226.58M | 26.22M | 18.27M | 5.52M | 1.68M | 4.92M | 3.31M |
| Net Income | 6.07M | 40.89M | 16.50M | -44.25M | -33.35M | -11.43M | -13.38M | 1.05M | -17.01M | 2.90M | 1.41M | -63.98M | -189.11M | 2.51M | -50.20M | 25.64M | -49.08M | 15.14M | 68.68M | 32.79M | 1.63M | 201.00K | 1.78M |
| Net Income Ratio | 7.31% | 50.70% | 29.27% | -73.48% | -50.46% | -27.83% | -33.98% | 3.70% | -130.13% | 80.40% | 7.01% | -203.59% | -453.57% | 2.77% | -46.49% | 9.96% | -19.45% | 4.88% | 28.12% | 34.95% | 7.08% | 1.76% | 13.32% |
| EPS | -12.44 | 161.74 | 99.41 | -451.62 | -68.34K | -754.10K | -7.55M | 1.05M | -1,820.01B | 2.90M | 1.41M | -5,694.30B | -45,353.20B | 2.51M | -26,884.44B | 25.64M | -239,134.79B | 296.88K | 1.56M | 745.32K | 1.63M | 201.00K | 1.78M |
| EPS Diluted | -12.44 | 161.74 | 75.35 | -451.62 | -68.34K | -754.10K | -7.55M | 1.05M | -1,820.01B | 2.90M | 1.41M | -15,344.76B | -45,353.20B | 2.51M | -26,884.44B | 25.64M | -218,599.10B | 296.88K | 1.56M | 745.32K | 1.63M | 201.00K | 1.78M |
| Weighted Avg Shares Out | 1.80M | 252.82K | 165.97K | 97.99K | 487.93 | 15.15 | 1.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out (Dil) | 1.80M | 252.82K | 218.95K | 97.99K | 487.93 | 15.15 | 1.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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ATHENS, Greece, May 02, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NYSE: TOPS) (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has commenced its previously announced time charter employment contract...
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ATHENS, Greece, April 11, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ: TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it will transfer the listing of its...
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ATHENS, Greece, April 01, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its annual report on Form 20-F for the year ended December 31,...
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ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has entered into five sale and leaseback...
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ATHENS, Greece, Dec. 14, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today a share repurchase program.
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ATHENS, Greece, Dec. 12, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that after taking into account the most recent charter...
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Source: https://incomestatements.info
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