Welcome to our dedicated page for Eurodry news (Ticker: EDRY), a resource for investors and traders seeking the latest updates and insights on Eurodry stock.
EuroDry Ltd. reports on its drybulk shipping business as an owner and operator of vessels that carry seaborne drybulk cargoes. Company news commonly covers quarterly results, time charter equivalent rates, vessel employment on spot and period charters, pool agreements, and drybulk market conditions for Panamax, Ultramax, Kamsarmax and Supramax carriers.
Updates also address fleet renewal, vessel sales, debt financing for newbuildings, share repurchases, annual meeting results and the affiliated ship managers responsible for commercial and technical operations. EuroDry was formed in the Marshall Islands in 2018 to separate the drybulk fleet of Euroseas Ltd. into a listed public company on the Nasdaq Capital Market.
EuroDry Ltd. (NASDAQ: EDRY) will announce its third quarter financial results for the period ending September 30, 2020, on November 11, 2020, after market closure. A conference call to discuss these results will take place on November 12, 2020, at 10:30 a.m. ET. Participants can join the call by dialing specified numbers for US, UK, and international callers, mentioning 'EuroDry' to the operator. A replay of the call will be accessible until November 18, 2020. The company operates a fleet of 7 drybulk vessels with a total capacity of 528,931 dwt.
EuroDry Ltd. (NASDAQ: EDRY) announced it will release its financial results for Q2 2020 on August 6, 2020, before market opening. A conference call will follow at 10:00 a.m. Eastern Time, to discuss the results. Participants can join via telephone or through a live audio webcast available on EuroDry's website. The company operates a fleet of 7 drybulk vessels with a total cargo capacity of 528,931 dwt, managed by its affiliated company, Eurobulk Ltd.
EuroDry Ltd. reported a net revenue of $5.1 million for Q1 2020, a 12.5% decrease from the previous year. The company faced a net loss of $2.3 million, resulting in a basic loss per share of $1.17. This downturn is largely attributed to a 16.8% decrease in average time charter rates compared to Q1 2019 and a staggering 36.6% drop from Q4 2019. Adjusted EBITDA stood at $0.6 million, down from $2.5 million in the same period last year. The ongoing impacts of the COVID-19 pandemic have severely affected drybulk seaborne trade, and the company expects low demand to persist for the coming months.
EuroDry Ltd. (NASDAQ: EDRY) announced it will release its financial results for Q1 2020 on May 18, 2020, after market close. Management will host a conference call on May 19, 2020, at 10:00 a.m. ET to discuss the results. Participants can access the call through various dial-in numbers or via a live audio webcast on the EuroDry website. The presentation will also be available in PDF format prior to the call. EuroDry operates a fleet of 7 drybulk vessels with a total cargo capacity of 528,931 dwt.