EuroDry Ltd
NASDAQ:EDRY
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
7.9829
14.4
|
| Price Target |
|
We'll email you a reminder when the closing price reaches USD.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
EuroDry Ltd
Eurodry Ltd. engages in the provision of ocean-going transportation services. The company is headquartered in Athina, Attiki. The company went IPO on 2018-05-24. The firm's operations are managed by Eurobulk Ltd an affiliated ship management company and Eurobulk (Far East) Ltd. Inc, which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry Ltd employs its vessels on spot and period charters and through pool arrangements. The firm has a fleet of more than five vessels, including Kamsarmax drybulk carriers, Panamax drybulk carriers and an Ultramax drybulk carrier with a total cargo capacity of approximately 400,000 deadweight tonnage (dwt). The firm's subsidiaries are: Kamsarmax One Shipping Ltd, Kamsarmax Two Shipping Ltd and Eirini Shipping Ltd, among others.
Eurodry Ltd. engages in the provision of ocean-going transportation services. The company is headquartered in Athina, Attiki. The company went IPO on 2018-05-24. The firm's operations are managed by Eurobulk Ltd an affiliated ship management company and Eurobulk (Far East) Ltd. Inc, which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry Ltd employs its vessels on spot and period charters and through pool arrangements. The firm has a fleet of more than five vessels, including Kamsarmax drybulk carriers, Panamax drybulk carriers and an Ultramax drybulk carrier with a total cargo capacity of approximately 400,000 deadweight tonnage (dwt). The firm's subsidiaries are: Kamsarmax One Shipping Ltd, Kamsarmax Two Shipping Ltd and Eirini Shipping Ltd, among others.
Revenue: Q3 2025 net revenue was $14.4 million, down 2.2% from last year due to fewer vessels and a softer market.
Profitability: Q3 net loss was $0.7 million ($0.24 loss per share), a significant improvement from last year’s $1.53 loss per share.
Liquidity: Liquidity has improved with $15 million expected to be added by year-end from refinancing and asset sales.
Market Trends: Charter rates and market conditions have strengthened, with spot and 1-year Panamax rates modestly above long-term averages.
Fleet Updates: Fleet stands at 11 vessels after a sale, with 2 new Ultramax vessels on order for 2027 delivery.
Cost Control: Operational utilization and expense management remain strong; cash flow breakeven for next 12 months is about $11,900 per vessel per day.
Strategy: Company is open to securing longer-term charters if rates reach $15,000–$17,000 per day.
Outlook: Management sees potential for upside as asset values remain above book value and the market shows signs of recovery.
