EuroDry .(US:EDRY)2025-11-13 16:30Financial Performance - EuroDry reported net revenues of $14.4 million for Q3 2025[10] - The company experienced a net loss attributable to controlling shareholders of $0.7 million, or $0.24 per share, in Q3 2025[10] - Adjusted net loss for Q3 2025 was $0.6 million, or $0.23 per share[10] - Adjusted EBITDA for Q3 2025 was $4.1 million[10] - For the first nine months of 2025, net revenues were $34.88 million, a decrease of 25.1% compared to $46.58 million in the same period of 2024[47] - Adjusted EBITDA for the first nine months of 2025 was $5.0 million, a decrease of 34.0% compared to $7.57 million in the same period of 2024[47] Fleet and Operations - EuroDry's current fleet consists of 11 vessels with a total carrying capacity of 766k DWT and an average age of approximately 12.8 years[15] - The company has two Ultramax vessels under construction, scheduled for delivery in 2027, which will increase the total carrying capacity to 893k DWT[15] - Fixed rate coverage for the remainder of 2025 was about 44.6% as of September 30, 2025[17] - The company sold MV Eirini P for $8.5 million[13] Market Overview - The orderbook is at approximately 10.94% of the fleet[31] - As of November 7, 2025, the 1-year time charter rate for a 75k DWT Panamax vessel stands at $15,125 per day[41]