United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2024 and Declares Quarterly Cash Dividend of $0.01 Per Share
Rhea-AI Summary
United Maritime (NASDAQ: USEA) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 net revenues decreased to $10.8 million from $11.6 million in Q4 2023, with a net loss of $1.8 million. The company's TCE rate declined to $14,248 per day from $15,874 in Q4 2023.
For full-year 2024, net revenues increased to $45.4 million from $36.1 million in 2023, though the company recorded a net loss of $3.4 million compared to a net income of $0.2 million in 2023. Adjusted EBITDA improved to $20.3 million from $18.9 million.
Key developments include:
- Declaration of $0.01 quarterly dividend for Q4 2024
- Secured $48.3 million in financing during 2024
- Sale agreement for M/V Gloriuship (2004-built Capesize) for approximately $15.0 million
- Fleet optimization with acquisition of a 2016-built Kamsarmax vessel
- Cash position of $6.8 million and shareholders' equity of $60.1 million as of December 31, 2024
Positive
- Net revenues increased 25.8% YoY to $45.4 million in 2024
- Adjusted EBITDA improved to $20.3 million from $18.9 million YoY
- Secured $48.3 million in financing with no debt maturities until Q4 2026
- Fleet modernization through acquisition of 2016-built vessel and sale of older 2004-built vessel
Negative
- Q4 2024 net loss increased to $1.8 million from $0.7 million in Q4 2023
- Full-year 2024 net loss of $3.4 million compared to net income of $0.2 million in 2023
- Q4 TCE rate declined to $14,248 from $15,874 YoY
- Quarterly dividend reduced to $0.01 from $0.075 in previous quarter
News Market Reaction 1 Alert
On the day this news was published, USEA declined 12.77%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
| Highlights | |||||||||
| (in million USD, except LPS & EPS) | Q4 2024 | Q4 2023 | 12M 2024 | 12M 2023 | |||||
| Net Revenues | |||||||||
| Net (loss) / income | ( | ( | ( | ||||||
| Adjusted net (loss) / income 1 | ( | ( | ( | ||||||
| EBITDA1 | |||||||||
| Adjusted EBITDA1 | |||||||||
| (Loss) / Earnings per share Basic | ( | ( | ( | ||||||
| (Loss) / Earnings per share Diluted | ( | ( | ( | ||||||
| Adjusted (loss) / earnings per share Basic1 | ( | ( | ( | ||||||
| Adjusted (loss) / earnings per share Diluted1 | ( | ( | ( | ||||||
Other Highlights and Developments:
- Focus on Shareholder Returns: Declared a quarterly cash dividend of
$0.01 per share for Q4 2024, marking the ninth consecutive quarterly distribution. Since November 2022, the Company has declared total cash dividends of$1.61 per share, amounting to$12.8 million , representing a substantial portion of United’s market capitalization. - Strategic Fleet Enhancement: Following the acquisition of a 2016-built Kamsarmax dry bulk vessel, the Company proceeded with the sale of its oldest Capesize vessel, built in 2004.
- Strong Financing Milestones: Secured a total of
$48.3 million in financing during 2024, supporting key strategic initiatives—including the successful exercise of favorable purchase options for two Panamax vessels. No debt maturities until Q4 2026.
________________
1 Adjusted (loss) / earnings per share, Adjusted Net (loss) / income, EBITDA and Adjusted EBITDA are non-GAAP measures. Please see the reconciliation below of Adjusted (loss) / earnings per share, Adjusted Net (loss) / Income, EBITDA and Adjusted EBITDA to net (loss)/ income, the most directly comparable U.S. GAAP measure.
GLYFADA, Greece, March 18, 2025 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the fourth quarter and twelve months ended December 31, 2024. The Company also declared a quarterly dividend of
For the quarter ended December 31, 2024, the Company generated Net Revenues of
For the twelve-month period ended December 31, 2024, the Company generated Net Revenues of
Cash and cash-equivalents and restricted cash as of December 31, 2024, stood at
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“United achieved significant progress in 2024, successfully executing our strategic plan to build and operate a high-quality dry bulk fleet amid a positive sector outlook. Following our 2023 acquisitions, which were structured either through bareboat-in agreements with favorable purchase options or efficient bridge financing, our focus in 2024 shifted toward securing long-term financing under improved terms to optimize our balance sheet and fleet operations.
“As part of our commitment to maximizing shareholder value, we declared total dividends for 2024 of
“We also remain optimistic about our offshore investment, which is progressing in line with expectations. In July 2024, we acquired an equity stake in a newbuilding project for a cutting-edge Energy Construction Vessel, designed to support both the Oil & Gas and renewable energy sectors in a broad range of construction and maintenance projects. The market for such technologically advanced vessels is expected to see strong demand, particularly amid a supply shortage of specialized offshore assets.
“On the fleet development front, we have continued optimizing our fleet composition. In recent months, we acquired a 2016-built Panamax bulk carrier while strategically divesting two older vessels: the 2010-built Kamsarmax M/V Oasea and the 2004-built Capesize M/V Gloriuship which is expected to be delivered to her new owners in the third quarter of 2025. These moves enhance our fleet’s efficiency and competitiveness, ensuring that upon completion of the M/V Gloriuship sale, we will operate a younger, more modern fleet that better meets market conditions and charterer requirements. Furthermore, the integration of two additional Panamax vessels into our AI-powered operating platform enhances monitoring, fuel efficiency, and operational optimization. Post-sale of the M/V Gloriuship, our fleet will consist of seven vessels: two Capesize and five Panamax/Kamsarmax bulk carriers.
“In terms of financing, in 2024, we secured two sale-and-leaseback agreements and a new loan facility totaling
“Regarding market conditions, our fourth-quarter results were impacted by a seasonal slowdown in coal and iron ore trade, which we view as part of typical seasonality following robust export volumes in the first three quarters of the year. Despite this, the long-term fundamentals of the dry bulk market remain strong, supported by structural shifts in global trade and fleet supply constraints.
“Ongoing discussions on trade tariffs could lead to material shifts in global trade flows, potentially creating alternative shipping routes that would increase ton-mile demand. Additionally, the potential resolution of geopolitical conflicts may lead to the reopening of key trading corridors, facilitating the reconstruction and economic revival of regions previously affected by war. This could generate substantial demand for raw materials, further strengthening the dry bulk shipping sector.
“Given United’s fleet composition and strategic positioning, we are well-placed to capitalize on these evolving trade dynamics. As these potential positive macroeconomic and geopolitical developments unfold, our shareholders stand to benefit from enhanced fleet utilization, improving market conditions, and our commitment to financial strength and operational excellence.”
Current Company Fleet:
| Vessel Name | Sector | Capacity (DWT) | Year Built | Yard | Employment Type | Minimum T/C expiration | Maximum T/C expiration(1) |
| Goodship | Dry Bulk / Capesize | 177,536 | 2005 | Mitsui | T/C Index Linked(2) | Oct-25 | Dec-25 |
| Tradership | Dry Bulk / Capesize | 176,925 | 2006 | Namura | T/C Index Linked(2) | Jan-25 | Jun-25 |
| Gloriuship(3) | Dry Bulk / Capesize | 171,314 | 2004 | Hyundai | Spot Employment | N/A | N/A |
| Nisea(4) | Dry Bulk / Kamsarmax | 82,235 | 2016 | Oshima | T/C Fixed Rate | Jul-25 | Sep-25 |
| Cretansea | Dry Bulk / Kamsarmax | 81,508 | 2009 | Universal | T/C Index Linked(2) | Sep-25 | Dec-25 |
| Chrisea | Dry Bulk / Panamax | 78,173 | 2013 | Shin Kurushima | T/C Index Linked(2) | May-25 | Sep-25 |
| Synthesea | Dry Bulk / Panamax | 78,020 | 2015 | Sasebo | T/C Index Linked(2) | Aug-25 | Dec-25 |
| Exelixsea | Dry Bulk / Panamax | 76,361 | 2011 | Oshima | T/C Index Linked(2) | Jun-25 | Oct-25 |
| Total/Average age | 922,072 | 15.0 years |
| (1) | The latest redelivery dates do not include any additional optional periods. |
| (2) | “T/C” refers to a time charter agreement. Under these index-linked T/Cs, the Company has the option to convert the index-linked rate to fixed for a period of minimum two months, based on the prevailing FFA Rates for the selected period, and has done so for certain vessels as part of its freight hedging strategy, as described below under “First Quarter 2025 TCE Rate Guidance”. |
| (3) | The vessel is expected to be delivered to her new owners within the third quarter of 2025. |
| (4) | The vessel is technically and commercially operated by the Company on the basis of an 18-month bareboat charter-in contract with the owners of the vessel, including a purchase option at the end of the bareboat charter in favour of the Company. |
Fleet Data:
| Q4 2024 | Q4 2023 | 12M 2024 | 12M 2023 | |||||
| Ownership days(1) | 736 | 736 | 2,875 | 2,339 | ||||
| Operating days(2) | 733 | 700 | 2,778 | 2,143 | ||||
| Fleet utilization(3) | ||||||||
| TCE rate(4) | ||||||||
| Daily Vessel Operating Expenses(5) |
| (1) | Ownership days are the total number of calendar days in a period during which the vessels in a fleet have been owned or chartered. Ownership days are an indicator of the size of the Company’s fleet over a period and affect both the amount of revenues and the amount of expenses that the Company recorded during a period. |
| (2) | Operating days are the number of available days in a period less the aggregate number of days that the vessels are off-hire due to unforeseen circumstances. Operating days include the days that our vessels are on ballast voyages without having finalized agreements for their next employment. |
| (3) | Fleet utilization is the percentage of time that the vessels are generating revenue and is determined by dividing operating days by ownership days for the relevant period. |
| (4) | TCE rate is defined as the Company’s net revenue less voyage expenses during a period divided by the number of the Company’s operating days during the period. Voyage expenses include port charges, bunker (fuel oil and diesel oil) expenses, canal charges and other commissions. The Company includes the TCE rate, a non-GAAP measure, as it believes it provides additional meaningful information in conjunction with net revenues from vessels, the most directly comparable U.S. GAAP measure, and because it assists the Company’s management in making decisions regarding the deployment and use of our vessels and because the Company believes that it provides useful information to investors regarding our financial performance. The Company’s calculation of TCE rate may not be comparable to that reported by other companies. The following table reconciles the Company’s net revenues from vessels to the TCE rate. |
(In thousands of U.S. Dollars, except operating days and TCE rate)
| Q4 2024 | Q4 2023 | 12M 2024 | 12M 2023 | |
| Vessel revenue, net | 10,832 | 11,553 | 45,439 | 36,067 |
| Less: Voyage expenses | 388 | 441 | 1,771 | 3,107 |
| Time charter equivalent revenues | 10,444 | 11,112 | 43,668 | 32,960 |
| Operating days | 733 | 700 | 2,778 | 2,143 |
| TCE rate |
| (5) | Vessel operating expenses include crew costs, provisions, deck and engine stores, lubricants, insurance, maintenance and repairs. Daily Vessel Operating Expenses are calculated by dividing vessel operating expenses, excluding pre-delivery costs of acquired vessels, by ownership days for the relevant time periods. The Company’s calculation of daily vessel operating expenses may not be comparable to that reported by other companies. The following table reconciles the Company’s vessel operating expenses to daily vessel operating expenses. |
(In thousands of U.S. Dollars, except ownership days and Daily Vessel Operating Expenses)
| Q4 2024 | Q4 2023 | 12M 2024 | 12M 2023 | |||||
| Vessel operating expenses | 4,571 | 5,209 | 19,745 | 20,338 | ||||
| Less: Pre-delivery expenses | 109 | 213 | 724 | 4,291 | ||||
| Vessel operating expenses before pre-delivery expenses | 4,462 | 4,996 | 19,021 | 16,047 | ||||
| Ownership days | 736 | 736 | 2,875 | 2,339 | ||||
| Daily Vessel Operating Expenses | ||||||||
Net (Loss) / Income to EBITDA and Adjusted EBITDA Reconciliation:
(In thousands of U.S. Dollars)
| Q4 2024 | Q4 2023 | 12M 2024 | 12M 2023 | ||||
| Net (loss) / income | (1,821) | (726) | (3,383) | 221 | |||
| Interest and finance cost, net | 2,110 | 2,007 | 8,102 | 6,753 | |||
| Depreciation and amortization | 3,715 | 3,153 | 13,430 | 9,363 | |||
| EBITDA | 4,004 | 4,434 | 18,149 | 16,337 | |||
| Stock based compensation | 111 | 18 | 779 | 2,522 | |||
| Impairment loss | 828 | - | 828 | - | |||
| Loss on extinguishment of debt | - | 105 | 397 | 85 | |||
| Loss on equity method investment | 142 | - | 142 | - | |||
| Adjusted EBITDA | 5,085 | 4,557 | 20,295 | 18,944 |
Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) represents the sum of net income, net interest and finance costs, depreciation and amortization and, if any, income taxes during a period. EBITDA is not a recognized measurement under U.S. GAAP. Adjusted EBITDA represents EBITDA adjusted to exclude stock-based compensation, impairment loss, loss on extinguishment of debt and loss on equity method investment, which the Company believes are not indicative of the ongoing performance of its core operations.
EBITDA and Adjusted EBITDA are presented as we believe that these measures are useful to investors as a widely used means of evaluating operating profitability. EBITDA and Adjusted EBITDA as presented here may not be comparable to similarly titled measures presented by other companies. These non-GAAP measures should not be considered in isolation from, as a substitute for, or superior to financial measures prepared in accordance with U.S. GAAP.
Net (Loss) / Income and Adjusted Net (Loss) / Income Reconciliation and calculation of Adjusted (Loss) / Income Per Share
(In thousands of U.S. Dollars)
| Q4 2024 | Q4 2023 | 12M 2024 | 12M 2023 | ||||
| Net (loss) / Income | (1,821 | ) | (726 | ) | (3,383 | ) | 221 |
| Stock based compensation | 111 | 18 | 779 | 2,522 | |||
| Impairment loss | 828 | - | 828 | - | |||
| Loss on extinguishment of debt | - | 105 | 397 | 85 | |||
| Loss on equity method investment | 142 | - | 142 | - | |||
| Adjusted net (loss) / income | (740 | ) | (603 | ) | (1,237 | ) | 2,828 |
| Adjusted net (loss) / income – common shareholders | (740 | ) | (603 | ) | (1,237 | ) | 2,733 |
| Adjusted (loss) / earnings per common share, basic | (0.09 | ) | (0.07 | ) | (0.14 | ) | 0.33 |
| Adjusted (loss) / earnings per common share, diluted | (0.08 | ) | (0.07 | ) | (0.14 | ) | 0.33 |
| Weighted average number of common shares outstanding, basic | 8,676,767 | 8,711,308 | 8,711,951 | 8,359,487 | |||
| Weighted average number of common shares outstanding, diluted | 8,770,423 | 8,711,308 | 8,790,686 | 8,359,487 |
To derive Adjusted Net (loss) / income and Adjusted Net (loss) / income Per Share, both non-GAAP measures, from Net (loss) / income, we exclude certain non-cash items, as provided in the table above. We believe that Adjusted Net (loss) / income and Adjusted Net (loss) / income Per Share assist our management and investors by increasing the comparability of our performance from period to period since each such measure eliminates the effects of such non-cash items as stock-based compensation, impairment loss, loss on extinguishment of debt, loss on equity method investment and other items which may vary from year to year, for reasons unrelated to overall operating performance. In addition, we believe that the presentation of the respective measures provides investors with supplemental data relating to our results of operations, and therefore, with a more complete understanding of factors affecting our business than with GAAP measures alone. Our method of computing Adjusted Net (loss) / income and Adjusted Net (loss) / income Per Share may not necessarily be comparable to other similarly titled captions of other companies due to differences in methods of calculation.
First Quarter 2025 TCE Rate Guidance:
As of the date hereof, approximately
The following table provides the breakdown of index-linked charters and fixed-rate charters in the first quarter of 2025:
| Operating Days | TCE Rate | ||
| TCE - fixed rate (index-linked conversions) | 31 | ||
| TCE - fixed rate | 180 | ||
| TCE – index-linked | 483 | ||
| Total / Average | 694 | $10,299 | |
________________
2 This guidance is based on certain assumptions and there can be no assurance that these TCE rate estimates, or projected utilization will be realized. TCE estimates include certain floating (index) to fixed rate conversions concluded in previous periods. For vessels on index-linked T/Cs, the TCE rate realized will vary with the underlying index, and for the purposes of this guidance, the TCE rate assumed for the remaining operating days of the quarter for an index-linked T/C is equal to an average FFA rate of
Fourth Quarter and Recent Developments:
Dividend Distribution for Q3 2024 and Declaration of Q4 2024 Dividend
On January 10, 2025, the Company paid the previously announced quarterly dividend of
The Company also declared a cash dividend of
Extension of the Existing Share Repurchase Program
The program, previously set to expire on December 31, 2024, has been extended for a further 12-month period. Under the program, the Company may repurchase up to
Vessel transactions and commercial updates
Sale of M/V Gloriuship
The Company has entered into a definitive agreement with an unaffiliated third party for the sale of its oldest Capesize vessel, the 171,314 dwt M/V Gloriuship, built in 2004. The vessel is expected to be delivered to her new owners by mid-July 2025, following her acquisition by the Company under her existing sale and leaseback agreement. The aggregate net sale price is approximately
Integration of M/V Synthesea into the DeepSea AI Platform
The integration of M/V Synthesea into our partnership with DeepSea equips the vessel with AI-driven solutions for real-time monitoring and optimization of energy consumption, fuel usage, and performance.
Conference Call:
The Company’s management will host a conference call to discuss the financial results today, Tuesday, March 18, 2025 at 09:00 a.m. Eastern Time.
Audio Webcast:
There will be a live, and then archived, webcast of the conference call on the Company’s website. To listen to the archived audio file, visit our website, in the “Investors” section. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast, following this link.
Conference Call Details:
Participants have the option to register for the call using the following link. You can use any number from the list or add your phone number and let the system call you right away.
| United Maritime Corporation Unaudited Condensed Consolidated Balance Sheets (In thousands of U.S. Dollars) | ||||||
| December 31, 2024 | December 31, 2023* | |||||
| ASSETS | ||||||
| Cash and cash equivalents and restricted cash | 6,762 | 14,501 | ||||
| Vessels, net, Right-of-use assets and Vessel held for sale | 153,029 | 152,525 | ||||
| Other assets | 12,282 | 7,779 | ||||
| TOTAL ASSETS | 172,073 | 174,805 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||
| Long-term debt, finance lease liability and other financial liabilities, net of deferred finance costs | 97,723 | 95,954 | ||||
| Other liabilities | 14,262 | 12,982 | ||||
| Stockholders’ equity | 60,088 | 65,869 | ||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 172,073 | 174,805 | ||||
* Derived from the audited consolidated financial statements as of the period as of that date
| United Maritime Corporation Unaudited Condensed Consolidated Statements of Operations (In thousands of U.S. Dollars, except for share and per share data) | ||||||||||
| Three months ended December 31, | Twelve months ended December 31, | |||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||
| Vessel revenue, net | 10,832 | 11,553 | 45,439 | 36,067 | ||||||
| Expenses: | ||||||||||
| Voyage expenses | (388 | ) | (441 | ) | (1,771 | ) | (3,107 | ) | ||
| Vessel operating expenses | (4,571 | ) | (5,209 | ) | (19,745 | ) | (20,338 | ) | ||
| Management fees | (572 | ) | (589 | ) | (2,263 | ) | (1,966 | ) | ||
| General and administration expenses | (745 | ) | (734 | ) | (4,010 | ) | (6,018 | ) | ||
| Depreciation and amortization | (3,715 | ) | (3,153 | ) | (13,430 | ) | (9,363 | ) | ||
| Impairment loss | (828 | ) | - | (828 | ) | - | ||||
| Gain on sale of vessel | - | - | 1,426 | 11,804 | ||||||
| Operating income | 13 | 1,427 | 4,818 | 7,079 | ||||||
| Other income / (expenses): | ||||||||||
| Interest and finance costs | (2,168 | ) | (2,119 | ) | (8,416 | ) | (7,183 | ) | ||
| Interest income | 58 | 112 | 314 | 430 | ||||||
| Loss on extinguishment of debt | - | (105 | ) | (397 | ) | (85 | ) | |||
| Loss on equity method investment | (142 | ) | - | (142 | ) | - | ||||
| Other income | 309 | 103 | 311 | 112 | ||||||
| Other, net | 109 | (144 | ) | 129 | (132 | ) | ||||
| Total other expenses, net: | (1,834 | ) | (2,153 | ) | (8,201 | ) | (6,858 | ) | ||
| Net (loss) / income | (1,821 | ) | (726 | ) | (3,383 | ) | 221 | |||
| Net (loss) / income attributable to common shareholders | (1,821 | ) | (726 | ) | (3,383 | ) | 126 | |||
| Net (loss) / income per common share, basic | (0.21 | ) | (0.08 | ) | (0.39 | ) | 0.02 | |||
| Net (loss) / income per common share, diluted | (0.21 | ) | (0.08 | ) | (0.38 | ) | 0.02 | |||
| Weighted average number of common shares outstanding, basic | 8,676,767 | 8,711,308 | 8,711,951 | 8,359,487 | ||||||
| Weighted average number of common shares outstanding, diluted | 8,770,423 | 8,711,308 | 8,790,686 | 8,359,487 | ||||||
| United Maritime Corporation Unaudited Condensed Consolidated Cash Flow Data (In thousands of U.S. Dollars) | |||||
| Twelve months ended December 31, | |||||
| 2024 | 2023 | ||||
| Net cash provided by / (used in) operating activities | 3,264 | (6,228 | ) | ||
| Net cash provided by / (used in) investing activities | 7,949 | (59,138 | ) | ||
| Net cash (used in) / provided by financing activities | (18,952 | ) | 9,935 | ||
About United Maritime Corporation
United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services. The Company operates a fleet of eight dry bulk vessels, comprising three Capesize, two Kamsarmax and three Panamax vessels, with an aggregate cargo carrying capacity of 922,072 dwt. Upon the completion of the sale of the M/V Gloriuship, the Company’s operating fleet will consist of two Capesize, two Kamsarmax and three Panamax vessels, with an aggregate cargo carrying capacity of 750,758 dwt.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Glyfada, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “USEA”.
Please visit the Company’s website at: www.unitedmaritime.gr.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, including with respect to the declaration of dividends, market trends and shareholder returns. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, impacts of litigation, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; broader market impacts arising from trade disputes or war (or threatened war) or international hostilities, such as between Israel and Hamas and related hostilities in the region and between Russia and Ukraine; risks associated with the length and severity of pandemics (including COVID-19), including their effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
United Investor Relations
Tel: +30 213 0181 522
E-mail: ir@usea.gr
Capital Link, Inc.
Paul Lampoutis
230 Park Avenue Suite 1540
New York, NY 10169
Tel: (212) 661-7566
E-mail: usea@capitallink.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7bf8ed2a-1f5a-46ac-aac0-6f435c7b6d4d
FAQ
What are United Maritime's (USEA) Q4 2024 financial results?
How much dividend did USEA declare for Q4 2024?
What is the status of USEA's share repurchase program?
What is USEA's fleet composition after recent transactions?
What is USEA's Q1 2025 TCE rate guidance?
