Rhea-AI Summary
Navios Maritime Acquisition Corporation (NYSE: NNA) reported a strong Q1 2020, with revenues rising 26.9% to $97.9 million and adjusted EBITDA up 36.3% to $56.2 million. Adjusted net income reached $14.9 million, or $0.95 per share. The company declared a quarterly dividend of $0.30 per share. Notable developments include a $76.7 million sale and leaseback financing arrangement and the anticipated liquidation of Navios Europe II by Q2 2020, expected to provide cash and asset value. As of April 30, 2020, 83.4% of fleet days were contracted for the remainder of the year.
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