PANL - Pangaea Logistics Non-GAAP EPS of $0.32 beats by $0.04 revenue of $127.93M misses by $29.26M

2023-03-15 16:28:31 ET

• Pangaea Logistics press release ( NASDAQ: PANL ): Q4 Non-GAAP EPS of $0.32 beats by $0.04 .
• Revenue of $127.93M (-45.5% Y/Y) misses by $29.26M .
• Adjusted EBITDA of $26.9 million, a decrease of 29% y/y
• Operating cash flow of $32.9 million, an increase of 73% y/y
• Time Charter Equivalent ("TCE") rates earned by Pangaea of $20,023 per day, a premium of 41% over the prevailing market rate
• Cash and cash equivalents of $128.4 million, an increase of $72.2 million y/y

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