Investor Presentaiton
Statement of Operations (USD)
Statement of Operations Data
Revenues
Voyage expenses
Charter hire expenses
Vessel operating expenses
Depreciation and amortization
General and administrative expenses
Other income-related parties
Operating income
Interest and finance costs
Realized gain/(loss) on derivatives
Other income, net
Net Income
Other Financial Data
Time charter equivalent rate
(1)
Daily vessel operating expenses
(2)
Adjusted EBITDA (3)
$
Three Months Ended
December 31, 2022
(Unaudited)
103,322,256 $
(424,343)
(5,215,144)
Three Months Ended
December 31, 2021
(Unaudited)
68,599,782
(779,746)
(4,917,012)
$
(17,919,058)
(15,959,727)
(6,947,964)
(18,205,762)
(16,859,224)
(5,867,454)
638,055
580,388
57,494,075 $
22,550,972
(8,636,387)
1,404,004
1,002,018
51,263,710 $
(7,412,231)
(895,782)
2,337,926
16,580,885
(Unaudited)
(Unaudited)
$
52,768 $
9,739 $
33,508
9,423
$
76,200,480 $
39,370,204
(1) Our method of calculating time charter equivalent rate is to divide revenue net of voyage expenses by operating days for the relevant time period
(2) Calculated by dividing vessel operating expenses by calendar days for the relevant time period
(3) Represents net income/(loss) before interest and finance costs, unrealized (gain)/loss on derivatives, realized (gain)/loss on interest rate swaps, stock-based compensation expense, and depreciation and
amortization and is used as a supplemental financial measure by management to assess our financial and operating performance
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