Welcome to our dedicated page for United Maritime Corporation news (Ticker: USEA), a resource for investors and traders seeking the latest updates and insights on United Maritime Corporation stock.
United Maritime Corporation (USEA) provides comprehensive dry bulk shipping solutions through its diversified fleet operations. This news hub offers investors and industry stakeholders direct access to the company's official announcements and market-relevant developments.
Find timely updates on earnings reports, fleet expansions, and strategic partnerships that shape USEA's position in global maritime trade. Our curated collection includes press releases on charter agreements, operational milestones, and management insights critical for assessing the company's market performance.
All content is organized to help users efficiently track USEA's navigation of freight market dynamics and commodity demand trends. Bookmark this page for streamlined access to verified updates about vessel deployments, financial disclosures, and industry-specific developments affecting the company's operations.
United Maritime reported its Q1 2024 financial results, showing a net revenue increase to $10.6 million from $2.8 million in Q1 2023. The company reduced its net loss to $1.3 million from $4.9 million, and its adjusted EBITDA improved to $3.7 million from a negative $1.5 million. United declared a quarterly cash dividend of $0.075 per share. The company also announced fleet developments, including the acquisition of a 2016-built Japanese Kamsarmax and the profitable sale of a 2010-built Chinese Kamsarmax. Additionally, United secured an $18 million sale and leaseback arrangement, contributing to total financings of $31.8 million year-to-date. As of March 31, 2024, United's cash equivalents stood at $9.8 million, shareholders' equity at $64 million, and long-term debt at $93.5 million. The company forecasts a favorable market outlook for its mixed fleet of Panamax and Capesize vessels.
United Maritime (NASDAQ: USEA) has announced the release date for its financial results for the first quarter ended March 31, 2024. The results will be disclosed on Friday, May 24, 2024, before the market opens in New York. United Maritime is a company based in Glyfada, Greece, and this announcement was made on May 21, 2024.
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