EuroDry Ltd
NASDAQ:EDRY
Income Statement
Earnings Waterfall
EuroDry Ltd
Income Statement
EuroDry Ltd
| Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Interest Expense |
2
|
2
|
2
|
2
|
3
|
3
|
4
|
4
|
4
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
4
|
5
|
5
|
6
|
6
|
7
|
8
|
8
|
8
|
8
|
7
|
7
|
|
| Revenue |
19
N/A
|
20
+7%
|
22
+7%
|
23
+7%
|
25
+5%
|
26
+5%
|
26
+0%
|
27
+3%
|
27
+2%
|
27
-3%
|
24
-8%
|
23
-4%
|
22
-5%
|
26
+16%
|
36
+39%
|
49
+35%
|
64
+33%
|
74
+15%
|
81
+9%
|
77
-5%
|
70
-9%
|
63
-10%
|
53
-17%
|
47
-11%
|
48
+2%
|
51
+6%
|
58
+14%
|
62
+8%
|
61
-2%
|
56
-9%
|
50
-11%
|
49
-1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||
| Cost of Revenue |
(9)
|
(10)
|
(10)
|
(9)
|
(10)
|
(10)
|
(10)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(17)
|
(18)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(22)
|
(23)
|
(25)
|
(26)
|
(26)
|
(26)
|
(25)
|
|
| Gross Profit |
10
N/A
|
11
+8%
|
12
+16%
|
14
+16%
|
15
+4%
|
16
+8%
|
16
-3%
|
15
-4%
|
15
+2%
|
14
-7%
|
12
-14%
|
12
-2%
|
10
-13%
|
14
+37%
|
24
+68%
|
36
+49%
|
51
+43%
|
59
+17%
|
64
+9%
|
59
-8%
|
51
-14%
|
43
-15%
|
32
-25%
|
27
-16%
|
27
-1%
|
28
+6%
|
34
+21%
|
37
+9%
|
35
-5%
|
30
-16%
|
24
-20%
|
24
+0%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Expenses |
(7)
|
(9)
|
(10)
|
(10)
|
(11)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(11)
|
(12)
|
(12)
|
(13)
|
(16)
|
(18)
|
(20)
|
(20)
|
(22)
|
(22)
|
(26)
|
(27)
|
(29)
|
(36)
|
(39)
|
(38)
|
(35)
|
(30)
|
|
| Selling, General & Administrative |
(2)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(6)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(10)
|
(11)
|
(11)
|
(12)
|
(10)
|
(10)
|
(12)
|
(12)
|
(17)
|
(16)
|
(14)
|
(13)
|
(10)
|
|
| Depreciation & Amortization |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
3
|
2
|
1
|
(0)
|
(2)
|
(4)
|
(4)
|
(4)
|
(6)
|
(9)
|
(9)
|
(8)
|
(8)
|
|
| Operating Income |
3
N/A
|
2
-29%
|
3
+45%
|
4
+48%
|
4
0%
|
6
+44%
|
4
-23%
|
3
-32%
|
3
N/A
|
2
-44%
|
(1)
N/A
|
(1)
+30%
|
(3)
-211%
|
2
N/A
|
13
+676%
|
24
+90%
|
39
+62%
|
46
+18%
|
49
+6%
|
42
-15%
|
31
-25%
|
23
-25%
|
10
-56%
|
5
-49%
|
1
-79%
|
1
-2%
|
5
+369%
|
2
-69%
|
(3)
N/A
|
(7)
-109%
|
(10)
-39%
|
(6)
+40%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(4)
|
(3)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(8)
|
(8)
|
(6)
|
(5)
|
0
|
2
|
(1)
|
(2)
|
(1)
|
(2)
|
(4)
|
(5)
|
(8)
|
(9)
|
(7)
|
(8)
|
(7)
|
(7)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(1)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
1
N/A
|
0
-76%
|
1
+375%
|
2
+106%
|
1
-43%
|
4
+239%
|
2
-60%
|
(1)
N/A
|
0
N/A
|
(3)
N/A
|
(5)
-64%
|
(4)
+19%
|
(6)
-40%
|
(3)
+54%
|
3
N/A
|
15
+347%
|
31
+110%
|
41
+31%
|
49
+21%
|
43
-12%
|
34
-23%
|
22
-36%
|
10
-55%
|
3
-69%
|
(3)
N/A
|
(4)
-11%
|
(3)
+23%
|
(7)
-166%
|
(14)
-82%
|
(16)
-15%
|
(18)
-18%
|
(14)
+25%
|
|
| Net Income | |||||||||||||||||||||||||||||||||
| Income from Continuing Operations |
1
|
0
|
1
|
2
|
1
|
4
|
2
|
(1)
|
0
|
(3)
|
(5)
|
(4)
|
(6)
|
(3)
|
3
|
15
|
31
|
41
|
49
|
43
|
34
|
22
|
10
|
3
|
(3)
|
(4)
|
(3)
|
(7)
|
(14)
|
(16)
|
(18)
|
(14)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
1
|
1
|
0
|
|
| Net Income (Common) |
1
N/A
|
0
-76%
|
1
+335%
|
2
+89%
|
1
-66%
|
3
+404%
|
(0)
N/A
|
(2)
-1 300%
|
(2)
+19%
|
(5)
-158%
|
(7)
-34%
|
(6)
+14%
|
(7)
-30%
|
(4)
+41%
|
2
N/A
|
13
+648%
|
29
+118%
|
39
+34%
|
48
+22%
|
42
-12%
|
34
-21%
|
22
-36%
|
10
-55%
|
3
-69%
|
(3)
N/A
|
(3)
-8%
|
(2)
+24%
|
(6)
-154%
|
(13)
-109%
|
(15)
-15%
|
(17)
-18%
|
(14)
+20%
|
|
| EPS (Diluted) |
0.38
N/A
|
0.08
-79%
|
0.39
+388%
|
0.73
+87%
|
0.25
-66%
|
1.23
+392%
|
-0.08
N/A
|
-1.06
-1 225%
|
-0.85
+20%
|
-2.18
-156%
|
-2.93
-34%
|
-2.52
+14%
|
-3.28
-30%
|
-1.88
+43%
|
0.75
N/A
|
5.02
+569%
|
11.54
+130%
|
13.69
+19%
|
16.36
+20%
|
14.5
-11%
|
11.61
-20%
|
7.68
-34%
|
3.51
-54%
|
1.09
-69%
|
-1.05
N/A
|
-1.15
-10%
|
-0.87
+24%
|
-2.2
-153%
|
-4.62
-110%
|
-5.31
-15%
|
-6.28
-18%
|
-4.94
+21%
|
|