SHIP - Seanergy Maritime reports Q4 earnings; initiates Q1 outlook

2023-03-14 09:13:10 ET

• Seanergy Maritime press release ( NASDAQ: SHIP ): Q4 Non-GAAP EPS of $0.05.
• Revenue of $28.5M (-49.7% Y/Y) beats by $1.85M .
• Adjusted EBITDA for the quarter was $12.5 million, compared to $38.8 million in the same period of 2021.
• The daily Time Charter Equivalent of the fleet for the fourth quarter of 2022 was $17,294, compared to $36,642 in the same period of 2021.
• Outlook: As of the date hereof, approximately 89% of the Company fleet’s expected operating days in the first quarter of 2023 have been fixed at an estimated TCE of approximately $9,698.
• Our estimated TCE for the first quarter of 2023 will be approximately $10,191.

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