ASC - Ardmore Shipping Non-GAAP EPS of $1.04 misses by $0.01 revenue of $118.23M beats by $34.64M

2023-05-09 08:04:25 ET

• Ardmore Shipping press release ( NYSE: ASC ): Q1 Non-GAAP EPS of $1.04 misses by $0.01 .
• Revenue of $118.23M (+85.7% Y/Y) beats by $34.64M .
• The Company's average number of operating vessels was 26.7 for the three months ended March 31, 2023, generally consistent with 27.0 for the three months ended March 31, 2022.
• The average TCE rate for the Company's fleet was $33,958 per day for the three months ended March 31, 2023, an increase of $18,803 per day from $15,155 per day for the three months ended March 31, 2022.
• As of March 31, 2023, the Company had $243.4 million in liquidity available, with cash and cash equivalents of $52.6 million (December 31, 2022: $50.6 million) and amounts available and undrawn under its revolving credit facilities of $190.8 million (December 31, 2022: $170.0 million).
• Shares +1.77% PM.

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