See more : Financière de Tubize SA (TUB.BR) Income Statement Analysis – Financial Results
Complete financial analysis of United Maritime Corporation (USEA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of United Maritime Corporation, a leading company in the Marine Shipping industry within the Industrials sector.
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United Maritime Corporation (USEA)
About United Maritime Corporation
United Maritime Corporation, a shipping company, provides seaborne transportation services worldwide. It owns one Capesize dry bulk vessel having a carrying capacity of 171,314 deadweight tons. The company was incorporated in 2022 and is based in Glyfada, Greece. United Maritime Corporation operates independently of Seanergy Maritime Holdings Corp. as of July 5, 2022.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 36.07M | 22.78M | 7.40M | 4.12M | 6.88M |
| Cost of Revenue | 32.81M | 12.33M | 3.52M | 3.18M | 5.64M |
| Gross Profit | 3.26M | 10.46M | 3.87M | 941.43K | 1.24M |
| Gross Profit Ratio | 9.04% | 45.90% | 52.34% | 22.83% | 18.01% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 7.98M | 5.52M | 613.40K | 300.71K | 313.66K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 7.98M | 5.52M | 613.40K | 300.71K | 313.66K |
| Other Expenses | -9.84M | 526.00K | 342.25K | 339.75K | 336.13K |
| Operating Expenses | 5.26M | 6.05M | 955.65K | 640.46K | 649.79K |
| Cost & Expenses | 28.99M | 18.38M | 4.48M | 3.82M | 6.29M |
| Interest Income | 542.00K | 39.00K | 722.34K | 9.93K | 8.80K |
| Interest Expense | 7.18M | 2.41M | 621.05K | 592.80K | 719.43K |
| Depreciation & Amortization | 9.36M | 1.90M | 756.77K | 758.84K | 755.04K |
| EBITDA | 16.77M | 41.85M | 3.67M | 1.06M | 1.35M |
| EBITDA Ratio | 46.49% | 19.32% | 47.99% | 23.14% | 17.48% |
| Operating Income | 7.08M | 2.50M | 2.92M | 195.26K | 448.10K |
| Operating Income Ratio | 19.63% | 10.96% | 39.42% | 4.73% | 6.51% |
| Total Other Income/Expenses | -6.86M | -3.01M | -744.90K | 790.24K | -865.86K |
| Income Before Tax | 221.00K | 37.49M | 2.17M | 1.09M | -275.65K |
| Income Before Tax Ratio | 0.61% | 164.55% | 29.35% | 26.46% | -4.00% |
| Income Tax Expense | 0.00 | -37.41M | 621.05K | 592.80K | 719.43K |
| Net Income | 221.00K | 74.90M | 1.55M | 498.42K | -995.08K |
| Net Income Ratio | 0.61% | 328.72% | 20.95% | 12.09% | -14.45% |
| EPS | 0.02 | 16.63 | 0.13 | 0.04 | -0.08 |
| EPS Diluted | 0.02 | 10.26 | 0.13 | 0.04 | -0.08 |
| Weighted Avg Shares Out | 8.36M | 4.50M | 12.31M | 12.31M | 12.31M |
| Weighted Avg Shares Out (Dil) | 8.36M | 7.30M | 12.31M | 12.31M | 12.31M |
United Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Tuesday, February 20, 2024, Before Market Open in New York Conference Call and Webcast: Tuesday, February 20, 2024, at 10:00 a.m. Eastern Time
Seanergy Maritime (NASDAQ: SHIP) Is Optimistic About The Future; United Maritime (NASDAQ: USEA) Posts Profit Surge for 3Q23, Both Companies Extend Shareholder Rewards
GLYFADA, GREECE / ACCESSWIRE / December 19, 2023 / In the third quarter, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) faced challenges, reporting Net Revenues of $24.5 million and an Adjusted Net Loss of $2.6 million, primarily due to the underperformance of...
United Maritime Corporation (USEA) Q3 2023 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q3 2023 Results Conference Call November 15, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group...
United Maritime Reports Strong Profit for the Third Quarter, Financial Results for the Nine Months Ended September 30, 2023 and Declares Dividend of $0.075 Per Share
Highlights (in million USD, except EPS) Q3 2023 Q3 2022 9M 2023 From January 20, 2022 (date of inception) to September 30, 2022 Net Revenues $11.7 $7.9 $24.5 $7.9 Net income $8.9 $1.0 $0.9 $1.0 Adjusted net income1 $9.2 $1.0...
United Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Wednesday, November 15, 2023, Before Market Open in New York Conference Call and Webcast: Wednesday, November 15, 2023, at 10:00 a.m. Eastern Time
United Maritime: Upgrading To Buy On Vastly Improved Charter Rates And Generous Dividend
Over the past twelve months, United Maritime has sold all of the tanker vessels acquired in July 2022 at an aggregate gain of $48 million. The company has shifted its focus back to the larger dry bulk vessel classes. Currently,...
United Maritime Corporation (USEA) Q2 2023 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q2 2023 Earnings Call Transcript August 3, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you...
United Maritime Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023 and Declares Dividend of $0.075 Per Share
Highlights (in million USD, except for per share data) Q2 2023 6M 2023 Net Revenues $10.0 $12.8 Net loss ($3.0) ($7.9) Adjusted net loss1 ($2.1) ($5.7) EBITDA1 $1.0 ($1.7) Adjusted EBITDA1 ...
United Maritime Announces the Date for the Second Quarter Ended June 30, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Thursday, August 3, 2023, Before Market Open in New York Conference Call and Webcast: Thursday, August 3, 2023, at 10:00 a.m. Eastern Time
United Maritime Announces the Date for the First Quarter Ended March 31, 2023 Financial Results, Conference Call and Webcast
Earnings Release: Thursday, May 18, 2023, Before Market Open in New York Conference Call and Webcast: Thursday, May 18, 2023, at 10:00 a.m. Eastern Time
Source: https://incomestatements.info
Category: Stock Reports