Summary
2.61 0.03(1.15%)07/03/2024
United Maritime Corporation (USEA)
United Maritime Corporation (USEA)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 1.15 | 7.09 | 17.45 | 5.28 | -12.94 | -17.55 | -85.89 | 0.00 |
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| Trading Data | ||
| Close | 2.61 | |
| Open | 2.58 | |
| High | 2.61 | |
| Low | 2.58 | |
| Volume | 7,190 | |
| Change | 0.03 | |
| Change % | 1.15 | |
| Avg Volume (20 Days) | 41,637 | |
| Volume/Avg Volume (20 Days) Ratio | 0.17 | |
| 52 Week Range | 2.04 - 4.69 | |
| Price vs 52 Week High | -44.36% | |
| Price vs 52 Week Low | 28.24% | |
| Range | 0.00 | |
| Gap Up/Down | -0.05 | |
Fundamentals | ||
| Market Capitalization (Mln) | 23 | |
| EBIDTA | 0 | |
| PE Ratio | 1.2500 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 0.00 | |
| Book Value | 0.0000 | |
| Earnings Per Share | 1.3200 | |
| EPS Estimate Current Quarter | 0.0000 | |
| EPS Estimate Next Quarter | 0.0000 | |
| EPS Estimate Current Year | 0.0000 | |
| EPS Estimate Next Year | 0.0000 | |
| Diluted EPS (TTM) | 1.3200 | |
| Revenues | ||
| Profit Marging | 0.0000 | |
| Operating Marging (TTM) | 0.0000 | |
| Return on asset (TTM) | 0.0000 | |
| Return on equity (TTM) | 0.0000 | |
| Revenue TTM | 0 | |
| Revenue per share TTM | 0.0000 | |
| Quarterly Revenue Growth (YOY) | 0.0000 | |
| Quarterly Earnings Growth (YOY) | 0.0000 | |
| Gross Profit (TTM) | 0 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 1.2500 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 2.2280 | |
| Revenue Enterprise Value | 2.6013 | |
| EBITDA Enterprise Value | 5.4220 | |
| Shares | ||
| Shares Outstanding | 8,862,000 | |
| Shares Float | 0 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 2.00 | |
| Institutions (%) | 6.79 | |
05/24 09:00 EST - globenewswire.com
United Maritime Reports First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend of $0.075 Per Share
Highlights (in million USD except LPS) Q1 2024 Q1 2023 Net Revenues $10.6 $2.8 Net Loss ($1.3) ($4.9) Adjusted Net Loss1 ($1.1) ($3.7) EBITDA1 $3.5 ($2.7) Adjusted EBITDA1 $3.7 ($1.5) Loss per share Basic & Diluted ($0.15) ($0.64) Adjusted Loss per share Basic1 & Diluted1 ($0.13) ($0.48) Other Highlights and Developments: Quarterly cash dividend of $0.075 per share declared for Q1 2024 Total cash dividends of $11.4 million, or $1.45 per share, declared since November 2022, representing approximately 46% of United's market capitalization 2 Agreement to acquire a 2016-built Japanese Kamsarmax 3 Agreement to sell a 2010-built Chinese Kamsarmax at a profit A new $18.0 million sale and leaseback arrangement – aggregate financings of $31.8 million year-to-date GLYFADA, Greece, May 24, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the first quarter ended March 31, 2024 and declared a quarterly dividend of $0.075 per share for the first quarter of 2024. For the quarter ended March 31, 2024, the Company generated Net Revenues of $10.6 million compared to $2.8 million in the first quarter of 2023.
United Maritime Reports First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend of $0.075 Per Share
Highlights (in million USD except LPS) Q1 2024 Q1 2023 Net Revenues $10.6 $2.8 Net Loss ($1.3) ($4.9) Adjusted Net Loss1 ($1.1) ($3.7) EBITDA1 $3.5 ($2.7) Adjusted EBITDA1 $3.7 ($1.5) Loss per share Basic & Diluted ($0.15) ($0.64) Adjusted Loss per share Basic1 & Diluted1 ($0.13) ($0.48) Other Highlights and Developments: Quarterly cash dividend of $0.075 per share declared for Q1 2024 Total cash dividends of $11.4 million, or $1.45 per share, declared since November 2022, representing approximately 46% of United's market capitalization 2 Agreement to acquire a 2016-built Japanese Kamsarmax 3 Agreement to sell a 2010-built Chinese Kamsarmax at a profit A new $18.0 million sale and leaseback arrangement – aggregate financings of $31.8 million year-to-date GLYFADA, Greece, May 24, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the first quarter ended March 31, 2024 and declared a quarterly dividend of $0.075 per share for the first quarter of 2024. For the quarter ended March 31, 2024, the Company generated Net Revenues of $10.6 million compared to $2.8 million in the first quarter of 2023.
05/21 09:00 EST - globenewswire.com
United Maritime Announces the Date for the First Quarter Ended March 31, 2024, Financial Results
Earnings Release: Friday, May 24, 2024, Before Market Open in New York Earnings Release: Friday, May 24, 2024, Before Market Open in New York
United Maritime Announces the Date for the First Quarter Ended March 31, 2024, Financial Results
Earnings Release: Friday, May 24, 2024, Before Market Open in New York Earnings Release: Friday, May 24, 2024, Before Market Open in New York
04/09 08:45 EST - accesswire.com
Seanergy Maritime (NASDAQ: SHIP) And United Maritime (NASDAQ: USEA) Provide Financial Update To Shareholders
GLYFADA, GREECE / ACCESSWIRE / April 9, 2024 / Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), a leading player in the global shipping industry, reported a fourth-quarter net profit of $10.8 million, a significant increase from $0.5 million in the previous year. The company's revenue also grew to $39.4 million compared to $28.5 million for the same quarter last year.
Seanergy Maritime (NASDAQ: SHIP) And United Maritime (NASDAQ: USEA) Provide Financial Update To Shareholders
GLYFADA, GREECE / ACCESSWIRE / April 9, 2024 / Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), a leading player in the global shipping industry, reported a fourth-quarter net profit of $10.8 million, a significant increase from $0.5 million in the previous year. The company's revenue also grew to $39.4 million compared to $28.5 million for the same quarter last year.
04/03 09:00 EST - globenewswire.com
United Maritime Announces Availability of its 2023 Annual Report on Form 20-F
GLYFADA, Greece, April 03, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the “Annual Report”) has been filed with U.S. Securities and Exchange Commission. The Annual Report may also be accessed through United's website, www.unitedmaritime.gr, at the “Investors” section under “Annual Reports”.
United Maritime Announces Availability of its 2023 Annual Report on Form 20-F
GLYFADA, Greece, April 03, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the “Annual Report”) has been filed with U.S. Securities and Exchange Commission. The Annual Report may also be accessed through United's website, www.unitedmaritime.gr, at the “Investors” section under “Annual Reports”.
02/20 21:44 EST - seekingalpha.com
United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript
United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript
United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript
United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript
02/20 09:00 EST - globenewswire.com
United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per Share
Highlights Quarterly Full Year (in million USD except EPS) Q4 2023 Q4 2022 FY 2023 FY 2022 1 Net Revenues $11.6 $14.9 $36.1 $22.8 Net (Loss) / Income ($0.7) $36.5 $0.2 $37.5 Adjusted Net (Loss) / Income2 ($0.6) $39.8 $2.8 $40.9 EBITDA2 $4.4 $38.9 $16.3 $41.8 Adjusted EBITDA2 $4.6 $42.3 $18.9 $45.2 (Loss) / Earnings per Share (EPS) Basic ($0.08) $4.86 $0.02 $7.79 (Loss) / Earnings per Share (EPS) Diluted ($0.08) $3.55 $0.02 $4.92 Adjusted (Loss) / Earnings per share Basic2 ($0.07) $5.36 $0.33 $8.54 Adjusted (Loss) / Earnings per share Diluted2 ($0.07) $3.90 $0.33 $5.39 Other Highlights and Developments: Quarterly cash dividend of $0.075 per share declared for Q4 2023, an 11% annualized dividend yield 3 Total cash dividends of $10.7 million, or $1.375 per share, declared since November 2022 representing approximately 45% of United's market capitalization 3 Total buybacks of approximately $6.7 million in common shares at an average price of $1.87 per share since Q3 2022 Total investments of $144 million 4 in 2023 for the acquisition of seven dry bulk vessels and $37.5 million proceeds from the sale of our last tanker vessel $30.0 million in refinancings completed in Q4 2023 adding $6.8 million in extra liquidity, with another $13.8 million sale and leaseback agreed in Q1 2024 Agreement to acquire a modern Japanese Kamsarmax, through an 18-month bareboat charter with purchase option GLYFADA, Greece, Feb. 20, 2024 (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, 2023. The Company also declared a quarterly cash dividend of $0.075 per common share for the fourth quarter of 2023.
United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per Share
Highlights Quarterly Full Year (in million USD except EPS) Q4 2023 Q4 2022 FY 2023 FY 2022 1 Net Revenues $11.6 $14.9 $36.1 $22.8 Net (Loss) / Income ($0.7) $36.5 $0.2 $37.5 Adjusted Net (Loss) / Income2 ($0.6) $39.8 $2.8 $40.9 EBITDA2 $4.4 $38.9 $16.3 $41.8 Adjusted EBITDA2 $4.6 $42.3 $18.9 $45.2 (Loss) / Earnings per Share (EPS) Basic ($0.08) $4.86 $0.02 $7.79 (Loss) / Earnings per Share (EPS) Diluted ($0.08) $3.55 $0.02 $4.92 Adjusted (Loss) / Earnings per share Basic2 ($0.07) $5.36 $0.33 $8.54 Adjusted (Loss) / Earnings per share Diluted2 ($0.07) $3.90 $0.33 $5.39 Other Highlights and Developments: Quarterly cash dividend of $0.075 per share declared for Q4 2023, an 11% annualized dividend yield 3 Total cash dividends of $10.7 million, or $1.375 per share, declared since November 2022 representing approximately 45% of United's market capitalization 3 Total buybacks of approximately $6.7 million in common shares at an average price of $1.87 per share since Q3 2022 Total investments of $144 million 4 in 2023 for the acquisition of seven dry bulk vessels and $37.5 million proceeds from the sale of our last tanker vessel $30.0 million in refinancings completed in Q4 2023 adding $6.8 million in extra liquidity, with another $13.8 million sale and leaseback agreed in Q1 2024 Agreement to acquire a modern Japanese Kamsarmax, through an 18-month bareboat charter with purchase option GLYFADA, Greece, Feb. 20, 2024 (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, 2023. The Company also declared a quarterly cash dividend of $0.075 per common share for the fourth quarter of 2023.
02/15 09:00 EST - globenewswire.com
United Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Tuesday, February 20, 2024, Before Market Open in New York Conference Call and Webcast: Tuesday, February 20, 2024, at 10:00 a.m. Eastern Time
United Maritime Announces the Date for the Fourth Quarter and Year Ended December 31, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Tuesday, February 20, 2024, Before Market Open in New York Conference Call and Webcast: Tuesday, February 20, 2024, at 10:00 a.m. Eastern Time
12/19 09:35 EST - accesswire.com
Seanergy Maritime (NASDAQ: SHIP) Is Optimistic About The Future; United Maritime (NASDAQ: USEA) Posts Profit Surge for 3Q23, Both Companies Extend Shareholder Rewards
GLYFADA, GREECE / ACCESSWIRE / December 19, 2023 / In the third quarter, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) faced challenges, reporting Net Revenues of $24.5 million and an Adjusted Net Loss of $2.6 million, primarily due to the underperformance of the dry bulk Capesize market. Market conditions were influenced by historically low port congestion and the efficient utilization of the Capesize fleet, leading to an excess supply of vessels.
Seanergy Maritime (NASDAQ: SHIP) Is Optimistic About The Future; United Maritime (NASDAQ: USEA) Posts Profit Surge for 3Q23, Both Companies Extend Shareholder Rewards
GLYFADA, GREECE / ACCESSWIRE / December 19, 2023 / In the third quarter, Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) faced challenges, reporting Net Revenues of $24.5 million and an Adjusted Net Loss of $2.6 million, primarily due to the underperformance of the dry bulk Capesize market. Market conditions were influenced by historically low port congestion and the efficient utilization of the Capesize fleet, leading to an excess supply of vessels.
11/15 12:52 EST - seekingalpha.com
United Maritime Corporation (USEA) Q3 2023 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q3 2023 Results Conference Call November 15, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by ladies and gentlemen. And welcome to the United Maritime Corporation Conference Call on the Third Quarter Ended September 30, 2023, Financial Results.
United Maritime Corporation (USEA) Q3 2023 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q3 2023 Results Conference Call November 15, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by ladies and gentlemen. And welcome to the United Maritime Corporation Conference Call on the Third Quarter Ended September 30, 2023, Financial Results.
11/15 09:00 EST - globenewswire.com
United Maritime Reports Strong Profit for the Third Quarter, Financial Results for the Nine Months Ended September 30, 2023 and Declares Dividend of $0.075 Per Share
Highlights (in million USD, except EPS) Q3 2023 Q3 2022 9M 2023 From January 20, 2022 (date of inception) to September 30, 2022 Net Revenues $11.7 $7.9 $24.5 $7.9 Net income $8.9 $1.0 $0.9 $1.0 Adjusted net income1 $9.2 $1.0 $3.4 $1.0 EBITDA1 $13.5 $2.9 $11.9 $2.9 Adjusted EBITDA1 $13.8 $2.9 $14.4 $2.9 Earnings per share Basic1 $1.00 $0.12 $0.10 $0.24 Earnings per share Diluted1 $0.91 $0.09 $0.09 $0.14 Adjusted earnings per share Basic1 $1.03 $0.12 $0.40 $0.24 Adjusted earnings per share Diluted1 $0.95 $0.08 $0.35 $0.13 Other Highlights and Developments: Quarterly cash dividend of $0.075 per share for Q3 2023 Total cash dividends of $10.0 million, or $1.30 per share, declared since November 2022 reflecting a cash yield of 63% 2 Sale of the Company's remaining LR2 tanker vessel at a premium of more than 85% over the vessel's acquisition price, recording an accounting gain of $11.8 million Delivery of two Panamax vessels and commencement of time-charter (“T/C”) contracts Share buybacks worth about $0.4 million since the beginning of Q3 2023, nearly maximizing possible amount given share liquidity Total buybacks of approximately 3.5 million common shares at an average price of $1.87 since Q3 2022 Secured $30.0 million sale and leaseback financing from a new lender to proactively address upcoming loan maturities and enhance liquidity position GLYFADA, Greece, Nov. 15, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the third quarter and nine months ended September 30, 2023. The Company also declared a quarterly dividend of $0.075 per common share for the third quarter of 2023.
United Maritime Reports Strong Profit for the Third Quarter, Financial Results for the Nine Months Ended September 30, 2023 and Declares Dividend of $0.075 Per Share
Highlights (in million USD, except EPS) Q3 2023 Q3 2022 9M 2023 From January 20, 2022 (date of inception) to September 30, 2022 Net Revenues $11.7 $7.9 $24.5 $7.9 Net income $8.9 $1.0 $0.9 $1.0 Adjusted net income1 $9.2 $1.0 $3.4 $1.0 EBITDA1 $13.5 $2.9 $11.9 $2.9 Adjusted EBITDA1 $13.8 $2.9 $14.4 $2.9 Earnings per share Basic1 $1.00 $0.12 $0.10 $0.24 Earnings per share Diluted1 $0.91 $0.09 $0.09 $0.14 Adjusted earnings per share Basic1 $1.03 $0.12 $0.40 $0.24 Adjusted earnings per share Diluted1 $0.95 $0.08 $0.35 $0.13 Other Highlights and Developments: Quarterly cash dividend of $0.075 per share for Q3 2023 Total cash dividends of $10.0 million, or $1.30 per share, declared since November 2022 reflecting a cash yield of 63% 2 Sale of the Company's remaining LR2 tanker vessel at a premium of more than 85% over the vessel's acquisition price, recording an accounting gain of $11.8 million Delivery of two Panamax vessels and commencement of time-charter (“T/C”) contracts Share buybacks worth about $0.4 million since the beginning of Q3 2023, nearly maximizing possible amount given share liquidity Total buybacks of approximately 3.5 million common shares at an average price of $1.87 since Q3 2022 Secured $30.0 million sale and leaseback financing from a new lender to proactively address upcoming loan maturities and enhance liquidity position GLYFADA, Greece, Nov. 15, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the third quarter and nine months ended September 30, 2023. The Company also declared a quarterly dividend of $0.075 per common share for the third quarter of 2023.
11/09 09:00 EST - globenewswire.com
United Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Wednesday, November 15, 2023, Before Market Open in New York Conference Call and Webcast: Wednesday, November 15, 2023, at 10:00 a.m. Eastern Time
United Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Wednesday, November 15, 2023, Before Market Open in New York Conference Call and Webcast: Wednesday, November 15, 2023, at 10:00 a.m. Eastern Time
10/09 02:06 EST - seekingalpha.com
United Maritime: Upgrading To Buy On Vastly Improved Charter Rates And Generous Dividend
Over the past twelve months, United Maritime has sold all of the tanker vessels acquired in July 2022 at an aggregate gain of $48 million. The company has shifted its focus back to the larger dry bulk vessel classes. Currently, the fleet consists of eight dry bulk carriers with an average age of 14.5 years. The recent rally in dry bulk charter rates should benefit United Maritime's Q4 results quite meaningfully thus providing support for the company's generous quarterly cash dividend of $0.075 per share.
United Maritime: Upgrading To Buy On Vastly Improved Charter Rates And Generous Dividend
Over the past twelve months, United Maritime has sold all of the tanker vessels acquired in July 2022 at an aggregate gain of $48 million. The company has shifted its focus back to the larger dry bulk vessel classes. Currently, the fleet consists of eight dry bulk carriers with an average age of 14.5 years. The recent rally in dry bulk charter rates should benefit United Maritime's Q4 results quite meaningfully thus providing support for the company's generous quarterly cash dividend of $0.075 per share.
08/04 19:26 EST - seekingalpha.com
United Maritime Corporation (USEA) Q2 2023 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q2 2023 Earnings Call Transcript August 3, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by ladies and gentlemen. And welcome to the United Maritime Corporation Conference Call on the Second Quarter Ended June 30, 2023, Financial Results.
United Maritime Corporation (USEA) Q2 2023 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q2 2023 Earnings Call Transcript August 3, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by ladies and gentlemen. And welcome to the United Maritime Corporation Conference Call on the Second Quarter Ended June 30, 2023, Financial Results.
08/03 09:00 EST - globenewswire.com
United Maritime Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023 and Declares Dividend of $0.075 Per Share
Highlights (in million USD, except for per share data) Q2 2023 6M 2023 Net Revenues $10.0 $12.8 Net loss ($3.0) ($7.9) Adjusted net loss1 ($2.1) ($5.7) EBITDA1 $1.0 ($1.7) Adjusted EBITDA1 $2.0 $0.5 Loss per share Basic & Diluted ($0.37) ($1.00) Adjusted loss per share Basic1& Diluted1 ($0.25) ($0.72) Other Highlights and Developments: Successful completion of the first investment cycle: Sale of our remaining LR2 tanker vessel for a gross sale price of $37.5 million, realizing a return on equity of approximately 400% $48 million combined profit from the sale and purchase transactions of four tanker vessels in less than one year Expansion through the second investment cycle, focusing on larger size dry bulk vessels: Agreements to acquire two more Japan built Panamax dry bulk vessels including a bareboat-in charter with purchase option $143.6 million 2 investment for two Capesize, two Kamsarmax and three Panamax vessels with no dilution for our shareholders Quarterly cash dividend of $0.075 per share for Q2 2023 - total cash dividends of $1.225 per share or $9.4 million declared since November 2022 Executed buybacks of about $0.2 million common shares in Q2 2023 - total repurchases of approximately $3.4 million common shares at an average price of $1.84 during the last 12 months GLYFADA, Greece, Aug. 03, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the second quarter and six months ended June 30, 2023. The Company also declared a quarterly dividend of $0.075 per common share for the second quarter of 2023.
United Maritime Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023 and Declares Dividend of $0.075 Per Share
Highlights (in million USD, except for per share data) Q2 2023 6M 2023 Net Revenues $10.0 $12.8 Net loss ($3.0) ($7.9) Adjusted net loss1 ($2.1) ($5.7) EBITDA1 $1.0 ($1.7) Adjusted EBITDA1 $2.0 $0.5 Loss per share Basic & Diluted ($0.37) ($1.00) Adjusted loss per share Basic1& Diluted1 ($0.25) ($0.72) Other Highlights and Developments: Successful completion of the first investment cycle: Sale of our remaining LR2 tanker vessel for a gross sale price of $37.5 million, realizing a return on equity of approximately 400% $48 million combined profit from the sale and purchase transactions of four tanker vessels in less than one year Expansion through the second investment cycle, focusing on larger size dry bulk vessels: Agreements to acquire two more Japan built Panamax dry bulk vessels including a bareboat-in charter with purchase option $143.6 million 2 investment for two Capesize, two Kamsarmax and three Panamax vessels with no dilution for our shareholders Quarterly cash dividend of $0.075 per share for Q2 2023 - total cash dividends of $1.225 per share or $9.4 million declared since November 2022 Executed buybacks of about $0.2 million common shares in Q2 2023 - total repurchases of approximately $3.4 million common shares at an average price of $1.84 during the last 12 months GLYFADA, Greece, Aug. 03, 2023 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the second quarter and six months ended June 30, 2023. The Company also declared a quarterly dividend of $0.075 per common share for the second quarter of 2023.
07/27 09:00 EST - globenewswire.com
United Maritime Announces the Date for the Second Quarter Ended June 30, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Thursday, August 3, 2023, Before Market Open in New York Conference Call and Webcast: Thursday, August 3, 2023, at 10:00 a.m. Eastern Time
United Maritime Announces the Date for the Second Quarter Ended June 30, 2023, Financial Results, Conference Call and Webcast
Earnings Release: Thursday, August 3, 2023, Before Market Open in New York Conference Call and Webcast: Thursday, August 3, 2023, at 10:00 a.m. Eastern Time
05/15 09:00 EST - globenewswire.com
United Maritime Announces the Date for the First Quarter Ended March 31, 2023 Financial Results, Conference Call and Webcast
Earnings Release: Thursday, May 18, 2023, Before Market Open in New York Conference Call and Webcast: Thursday, May 18, 2023, at 10:00 a.m. Eastern Time
United Maritime Announces the Date for the First Quarter Ended March 31, 2023 Financial Results, Conference Call and Webcast
Earnings Release: Thursday, May 18, 2023, Before Market Open in New York Conference Call and Webcast: Thursday, May 18, 2023, at 10:00 a.m. Eastern Time
02/22 16:15 EST - seekingalpha.com
United Maritime Corporation (USEA) Q4 2022 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q4 2022 Earnings Conference Call February 22, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Operator This call may contain forward-looking statements. Good day and thank you for standing by.
United Maritime Corporation (USEA) Q4 2022 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q4 2022 Earnings Conference Call February 22, 2023 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman, CEO and Founder Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Operator This call may contain forward-looking statements. Good day and thank you for standing by.
02/17 09:00 EST - globenewswire.com
United Maritime Announces the Date for the 2022 Fourth Quarter and for the Period from the Commencement of Operations (July 6, 2022) to December 31, 2022 Financial Results, Conference Call and Webcast
Earnings Release: Wednesday, February 22, 2023, Before Market Open in New York Conference Call and Webcast: Wednesday, February 22, 2023, at 10:00 a.m. Eastern Time
United Maritime Announces the Date for the 2022 Fourth Quarter and for the Period from the Commencement of Operations (July 6, 2022) to December 31, 2022 Financial Results, Conference Call and Webcast
Earnings Release: Wednesday, February 22, 2023, Before Market Open in New York Conference Call and Webcast: Wednesday, February 22, 2023, at 10:00 a.m. Eastern Time
11/21 12:55 EST - seekingalpha.com
United Maritime Corporation (USEA) Q3 2022 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q3 2022 Earnings Conference Call November 16, 2022 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and CEO Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Group Operator Good day, and thank you for standing by. Welcome to the United Maritime Corporation Period Ending September 30, 2022 Financial Results Webcast.
United Maritime Corporation (USEA) Q3 2022 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q3 2022 Earnings Conference Call November 16, 2022 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and CEO Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Group Operator Good day, and thank you for standing by. Welcome to the United Maritime Corporation Period Ending September 30, 2022 Financial Results Webcast.
11/11 09:17 EST - globenewswire.com
United Maritime Sets Date for the Period Ending September 30, 2022 Financial Results, Conference Call and Webcast
Earnings Release: Wednesday, November 16, 2022 , Before Market Open in New York Conference Call and Webcast: Wednesday, November 16, 2022, at 10:00 a.m. Eastern Time
United Maritime Sets Date for the Period Ending September 30, 2022 Financial Results, Conference Call and Webcast
Earnings Release: Wednesday, November 16, 2022 , Before Market Open in New York Conference Call and Webcast: Wednesday, November 16, 2022, at 10:00 a.m. Eastern Time