Eurodry Ltd - EDRY STOCK NEWS

EuroDry Ltd. (NASDAQ: EDRY) will release its financial results for Q1 2021 on May 20, 2021, before the market opens. The management will host a conference call and webcast at 9:30 a.m. ET on the same day to discuss these results. Interested participants can dial in 10 minutes prior to the call using various international numbers, including a US toll-free option. A telephonic replay will be accessible until May 27, 2021. The investor relations section of EuroDry's website will provide the slide presentation in PDF format.

EuroDry Ltd. (NASDAQ: EDRY) announced that Dr. Tasos Aslidis, CFO, will present at the Inaugural Emerging Growth Virtual Conference from March 17-19, 2021. The event includes discussions with C-suite executives and a panel on March 18 featuring shipping executives. EuroDry, which operates a fleet of 7 drybulk carriers, focuses on seaborne transportation for drybulk cargoes. The company aims to provide insights into market trends and upcoming growth strategies during the conference.

EuroDry Ltd. reported its financial results for the year ended December 31, 2020, with total net revenues of $22.3 million, an 18.2% decrease year-over-year. The company faced a net loss of $5.9 million, with a loss attributable to common shareholders of $7.5 million, significantly down from a profit in 2019. Average time charter equivalent rate fell to $9,387 per day. In January 2021, EuroDry refinanced loans, enhancing liquidity, and reduced the dividend rate of its preferred shares, which may improve earnings per share by approximately $0.50 annually for two years.

EuroDry Ltd. (NASDAQ: EDRY) will release its financial results for Q4 2020 on February 16, 2021, after market close. A conference call to discuss these results is scheduled for February 17, 2021, at 10:00 a.m. ET. Participants can dial in 10 minutes prior to the call using specific contact numbers. An audio webcast and a PDF presentation will also be available on the company's website. EuroDry operates a fleet of 7 drybulk vessels, showcasing its capabilities in the dry cargo shipping market.

EuroDry Ltd. (NASDAQ:EDRY), a drybulk vessel operator, announced that CFO Tasos Aslidis will present at Noble Capital Markets' Seventeen Annual Investor Virtual Conference on January 20, 2021, at 3:00 pm EST. A high-definition video webcast of the presentation will be available on the company's website and Noble's conference site the following day and archived for 90 days. EuroDry, established on January 8, 2018, operates a fleet of 7 vessels with a total capacity of 528,931 dwt, focusing on dry cargo shipping.

EuroDry Ltd. (NASDAQ: EDRY) reported its Q3 2020 results, showcasing total net revenues of $6.8 million, down 11.3% from the previous year. The company achieved a net income of $0.5 million despite a net loss of $5.6 million for the first nine months. Average time charter equivalent rates fell to $11,873 per day, impacting revenues due to pandemic-related challenges. The fleet operated at 98.9% utilization. Management aims to enhance liquidity and reduce capital costs to navigate ongoing economic uncertainties and exploit future market opportunities.

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.