Financial Data and Key Metrics Changes - For the full year 2022, the company reported net revenue of $70.2 million, an 8.9% increase from $64.4 million in 2021, with net income of $33 million or $11.62 per diluted share [2][10] - Adjusted EBITDA for 2022 was $43.2 million, compared to $42.3 million in 2021 [45] - The adjusted net income for the fourth quarter of 2022 was $3.3 million or $1.18 per diluted share, down from $6.27 million in Q4 2021 [34][25] Business Line Data and Key Metrics Changes - The average time charter equivalent rate for vessels in Q4 2022 was $16,688 per day, significantly lower than $29,257 per day in Q4 2021 [27] - The company operated an average of 10.1 vessels in Q4 2022, compared to 9 vessels in the same quarter of 2021 [27] Market Data and Key Metrics Changes - The average spot market rate for Panamaxes was approximately $14,700 per day in Q4 2022, dropping to $6,438 per day by February 10, 2023, a decline of about 47% [4] - The order book as a percentage of the total fleet stood at 7.2% as of February 2023, indicating minimal fleet growth and potential for higher charter rates if demand returns to normal levels [59] Company Strategy and Development Direction - The company plans to utilize its strong balance sheet to grow the fleet with newer assets if charter rates do not recover as expected [8] - The management believes that acquiring vessels at the lower end of the cycle will yield rewards in cyclical markets like shipping [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the dry bulk trade demand is expected to return to growth in 2023, with a projected growth rate of 1.6% [36] - The geopolitical uncertainties, including the Ukraine-Russia war and the economic slowdown in China, continue to pose significant headwinds [60] Other Important Information - As of December 31, 2022, the company had outstanding bank debt of about $81.9 million, representing approximately 41% of the book value of its assets [48] - The company’s cash and other current assets stood at about $50.5 million, with a total book value of assets around $200 million [12] Q&A Session Summary Question: What are the incentives for other ship owners to sell currently or to consider a merger? - The company needs to see prices soften before acting on expansion plans, as current prices are still high relative to charter rates [70] Question: Is there potential for more positioning after the current contracts expire in Q1 2023? - Half of the vessels are fixed throughout Q1, with the other half coming up for re-chartering soon, and management anticipates recovering rates in Q2 [71] Question: Will voyage expenses be consistently an expense or what has to happen to have a gain on bunkers going forward? - Voyage expenses depend on the style of fixing; gains on voyage expenses are one-off situations and should not be expected to continue [72]

EuroDry Ltd. (NASDAQ:EDRY) Q3 2022 Earnings Conference Call November 11, 2022 9:00 AM ET Company Participants Aristides Pittas - Chairman & CEO Tasos Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Poe Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen. And welcome to the EuroDry Conference Call on the Third Quarter 2022 Financial Results. We have with us today Mr. Aristides Pittas, Chairman and Chief Executive Officer; and Mr. Tasos Aslidis, Chief Fin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2022 Commission File Number: 001-38502 EURODRY LTD. (Translation of registrant's name into English) 4 Messogiou & Evropis Street 151 24 Maroussi, Greece (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or ...

Financial Data and Key Metrics Changes - For Q2 2022, total net revenues were $21 million, a 48.8% increase from $14.1 million in Q2 2021, primarily due to a larger fleet and higher charter rates [31] - Net income for Q2 2022 was $10.6 million compared to $2.2 million in Q2 2021, with adjusted EBITDA rising to $13.7 million from $9.2 million [32][34] - For the first half of 2022, total net revenues reached $39.3 million, a 73.1% increase from $22.7 million in the same period of 2021 [36] Business Line Data and Key Metrics Changes - The fleet size increased by approximately 45% in Q2 2022 compared to Q2 2021, contributing to higher revenues [31] - Average daily charter rates for the fleet were $23,409 per vessel per day in Q2 2022, compared to $22,613 in Q2 2021 [42] Market Data and Key Metrics Changes - The average spot market rate for Panamax vessels was approximately $25,400 per day in Q2 2022, dropping to around $17,000 per day by July 2022 [14] - The one-year bank charter rate for Panamax vessels decreased from about $26,000 per day to $16,750 per day during the same period [15] Company Strategy and Development Direction - The company has initiated a share repurchase program of up to $10 million to support its stock price, marking its first such program in its history [6][60] - Management is currently reluctant to make new acquisitions due to high asset prices, preferring to buy back shares instead [62] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the dry bulk market remaining firm despite geopolitical tensions and macroeconomic headwinds [22] - The company anticipates a positive short-term market outlook due to traditional seasonal demand in the second half of the year [22] Other Important Information - The company reported a cash flow breakeven rate of $11,986 per vessel per day in Q2 2022, up from $10,614 in Q2 2021 [45] - As of June 30, 2022, the company had outstanding bank debt of approximately $71.8 million, with a projected cash flow breakeven rate of $13,100 per vessel per day for the next 12 months [53][54] Q&A Session Summary Question: How did the company decide on the size of the share repurchase plan? - The company based the initial size on current liquidity and the desire to support the stock price, with flexibility to adjust the amount as needed [59] Question: Is this the first repurchase plan in the company's history? - Yes, this is the first repurchase plan, initiated to support the stock price given its low valuation [60] Question: What is the refinancing plan for upcoming debt maturities? - The company plans to refinance a balloon payment due in late 2023 and has options to encumber additional vessels if needed [63] Question: What are the expectations for operating expenses in the next 12 months? - Operating expenses are expected to increase slightly, primarily due to higher fuel costs, but no dramatic shifts are anticipated [70] Question: What is the drydocking schedule for the upcoming quarters? - The company does not anticipate any drydocking in Q4 2022, with a typical expectation of one drydock per quarter [71]

EuroDry Ltd. (NASDAQ:EDRY) Q1 2022 Earnings Conference Call May 18, 2022 10:30 AM ET Company Participants Aristides Pittas - Chairman and CEO Tasos Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Group Poe Fratt - Alliance Global Partners Operator Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Conference Call on the First Quarter 2022 Financial Results. We have with us today Mr. Aristides Pittas, Chairman and Chief Executive Officer; and Mr. Tasos Aslidis, Chief ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 20-F _________________ (Mark One) ☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT ...

EuroDry Ltd. (NASDAQ:EDRY) Q4 2021 Earnings Conference Call February 10, 2022 10:00 AM ET Company Participants Aristides Pittas - Chairman and Chief Executive Officer Tasos Aslidis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Charles Fratt - NOBLE Capital Markets Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the correspon ...

EuroDry Ltd. (NASDAQ:EDRY) Q3 2021 Earnings Conference Call November 11, 2021 10:00 AM ET Company Participants Aristides Pittas - Chairman and Chief Executive Officer Tasos Aslidis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Charles Fratt - NOBLE Capital Markets Operator Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Conference Call on the Third Quarter 2021 Financial Results. We have with us today Mr. Aristides Pittas, Chairman and Chief E ...

EuroDry Ltd (NASDAQ:EDRY) Q2 2021 Earnings Conference Call August 5, 2021 9:30 AM ET Company Participants Aristides Pittas - Chairman and CEO Anastasios Aslidis - CFO Conference Call Participants Tate Sullivan - Maxim Group Poe Fratt - Noble Capital Markets Operator Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Conference Call on the Second Quarter 2021 Financial Results. We have with us today, Mr. Aristides Pittas, Chairman and Chief Executive Officer; and Mr. Tasos Aslidis, C ...

EuroDry Ltd (NASDAQ:EDRY) Q1 2021 Earnings Conference Call May 20, 2021 9:30 AM ET Company Participants Aristides Pittas – Chairman and Chief Executive Officer Anastasios Aslidis – Chief Financial Officer Conference Call Participants Tate Sullivan – Maxim Group Poe Fratt – Noble Capital Markets Operator Thank you for standing by, ladies and gentlemen, and welcome to the EuroDry Conference Call on the First Quarter 2021 Financial Results. We have with us today, Mr. Pittas, Chairman and Chief Executive Office ...