Euroseas Ltd
NASDAQ:ESEA
Income Statement
Earnings Waterfall
Euroseas Ltd
Revenue
|
189.4m
USD
|
Cost of Revenue
|
-3.4m
USD
|
Gross Profit
|
186m
USD
|
Operating Expenses
|
-73.9m
USD
|
Operating Income
|
112.1m
USD
|
Other Expenses
|
2.4m
USD
|
Net Income
|
114.5m
USD
|
Income Statement
Euroseas Ltd
Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Dec-2014 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
58
N/A
|
55
-5%
|
52
-5%
|
49
-6%
|
46
-6%
|
42
-9%
|
39
-6%
|
41
+4%
|
38
-7%
|
15
-59%
|
23
+48%
|
30
+32%
|
21
-32%
|
30
+47%
|
25
-18%
|
23
-6%
|
24
+2%
|
28
+19%
|
32
+11%
|
34
+8%
|
34
+1%
|
30
-13%
|
33
+10%
|
35
+6%
|
40
+15%
|
47
+18%
|
53
+12%
|
55
+4%
|
53
-2%
|
52
-2%
|
57
+9%
|
68
+19%
|
94
+39%
|
125
+33%
|
155
+24%
|
178
+15%
|
183
+3%
|
179
-2%
|
178
0%
|
183
+3%
|
189
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(5)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(4)
|
(3)
|
(2)
|
(2)
|
(4)
|
(2)
|
(4)
|
(4)
|
(2)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(1)
|
(2)
|
(1)
|
(4)
|
(4)
|
(7)
|
(7)
|
(8)
|
(10)
|
(11)
|
(11)
|
(7)
|
(3)
|
|
Gross Profit |
55
N/A
|
53
-5%
|
50
-6%
|
45
-9%
|
41
-10%
|
36
-12%
|
34
-6%
|
39
+14%
|
36
-7%
|
14
-61%
|
19
+41%
|
26
+33%
|
17
-34%
|
26
+51%
|
22
-14%
|
21
-5%
|
22
+2%
|
25
+15%
|
29
+17%
|
30
+4%
|
30
+0%
|
28
-8%
|
29
+4%
|
32
+10%
|
37
+17%
|
44
+17%
|
49
+12%
|
51
+5%
|
53
+4%
|
50
-4%
|
56
+11%
|
64
+15%
|
90
+40%
|
118
+32%
|
148
+25%
|
170
+15%
|
173
+2%
|
168
-3%
|
168
0%
|
176
+5%
|
186
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(52)
|
(51)
|
(51)
|
(50)
|
(51)
|
(50)
|
(54)
|
(50)
|
(46)
|
(20)
|
(27)
|
(35)
|
(24)
|
(34)
|
(28)
|
(25)
|
(23)
|
(27)
|
(28)
|
(29)
|
(29)
|
(23)
|
(28)
|
(30)
|
(35)
|
(40)
|
(42)
|
(45)
|
(46)
|
(43)
|
(42)
|
(41)
|
(44)
|
(48)
|
(54)
|
(61)
|
(67)
|
(66)
|
(68)
|
(70)
|
(74)
|
|
Selling, General & Administrative |
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(26)
|
(25)
|
(4)
|
(5)
|
(7)
|
(5)
|
(7)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(22)
|
(7)
|
(8)
|
(8)
|
(31)
|
(8)
|
(8)
|
(7)
|
(28)
|
(8)
|
(8)
|
(9)
|
(35)
|
(10)
|
(10)
|
(10)
|
(38)
|
|
Depreciation & Amortization |
(18)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(20)
|
(12)
|
(11)
|
(5)
|
(7)
|
(9)
|
(5)
|
(9)
|
(6)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(9)
|
(12)
|
(16)
|
(19)
|
(20)
|
(22)
|
(22)
|
(23)
|
|
Other Operating Expenses |
(26)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(12)
|
(10)
|
(10)
|
(15)
|
(19)
|
(14)
|
(18)
|
(16)
|
(15)
|
(15)
|
(17)
|
(19)
|
(20)
|
(20)
|
(17)
|
(19)
|
(21)
|
(9)
|
(27)
|
(28)
|
(30)
|
(9)
|
(28)
|
(28)
|
(28)
|
(9)
|
(31)
|
(34)
|
(36)
|
(13)
|
(36)
|
(37)
|
(38)
|
(13)
|
|
Operating Income |
3
N/A
|
2
-49%
|
(1)
N/A
|
(5)
-307%
|
(10)
-83%
|
(14)
-45%
|
(20)
-40%
|
(11)
+44%
|
(10)
+8%
|
(6)
+44%
|
(7)
-30%
|
(9)
-22%
|
(7)
+25%
|
(8)
-20%
|
(5)
+35%
|
(4)
+21%
|
(2)
+62%
|
(2)
-19%
|
1
N/A
|
1
+34%
|
1
-30%
|
5
+424%
|
1
-83%
|
2
+90%
|
2
+14%
|
4
+120%
|
7
+70%
|
6
-9%
|
7
+8%
|
8
+9%
|
13
+77%
|
23
+67%
|
46
+103%
|
70
+54%
|
93
+33%
|
109
+17%
|
107
-2%
|
103
-4%
|
100
-3%
|
106
+6%
|
112
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(1)
|
(16)
|
(17)
|
(3)
|
(4)
|
10
|
11
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
(3)
|
(1)
|
(2)
|
(0)
|
(0)
|
(3)
|
(1)
|
(3)
|
(5)
|
|
Non-Reccuring Items |
(8)
|
(9)
|
(9)
|
(0)
|
(3)
|
(2)
|
(80)
|
(4)
|
(1)
|
0
|
(3)
|
(4)
|
(24)
|
(31)
|
(30)
|
(32)
|
(4)
|
(4)
|
(3)
|
2
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
1
|
2
|
2
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
7
|
7
|
|
Gain/Loss on Disposition of Assets |
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(9)
N/A
|
(10)
-16%
|
(13)
-31%
|
(9)
+33%
|
(16)
-84%
|
(19)
-18%
|
(103)
-435%
|
(18)
+83%
|
(14)
+22%
|
(7)
+52%
|
(26)
-283%
|
(31)
-18%
|
(34)
-12%
|
(44)
-28%
|
(24)
+44%
|
(25)
-4%
|
(7)
+73%
|
(8)
-16%
|
(4)
+50%
|
1
N/A
|
(1)
N/A
|
3
N/A
|
(2)
N/A
|
(1)
+34%
|
(2)
-16%
|
0
N/A
|
2
+700%
|
3
+16%
|
4
+48%
|
6
+47%
|
13
+113%
|
21
+66%
|
43
+107%
|
69
+61%
|
92
+33%
|
109
+18%
|
106
-2%
|
105
-1%
|
103
-2%
|
110
+7%
|
115
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(9)
|
(10)
|
(13)
|
(9)
|
(16)
|
(19)
|
(103)
|
(18)
|
(14)
|
(7)
|
(26)
|
(31)
|
(34)
|
(44)
|
(24)
|
(25)
|
(7)
|
(8)
|
(4)
|
1
|
(1)
|
3
|
(2)
|
(1)
|
(2)
|
0
|
2
|
3
|
4
|
6
|
13
|
21
|
43
|
69
|
92
|
109
|
106
|
105
|
103
|
110
|
115
|
|
Net Income (Common) |
(9)
N/A
|
(10)
-16%
|
(13)
-31%
|
(9)
+33%
|
(16)
-84%
|
(19)
-18%
|
(103)
-435%
|
(19)
+81%
|
(16)
+19%
|
(8)
+51%
|
(27)
-257%
|
(32)
-18%
|
(46)
-42%
|
(45)
+1%
|
(27)
+40%
|
(27)
-1%
|
(8)
+71%
|
(9)
-13%
|
(5)
+41%
|
0
N/A
|
(1)
N/A
|
2
N/A
|
(2)
N/A
|
(3)
-28%
|
(4)
-27%
|
(1)
+66%
|
2
N/A
|
2
+21%
|
3
+64%
|
5
+55%
|
12
+126%
|
20
+73%
|
42
+112%
|
69
+62%
|
92
+34%
|
109
+18%
|
106
-2%
|
105
-1%
|
103
-2%
|
110
+7%
|
115
+4%
|
|
EPS (Diluted) |
-20.16
N/A
|
-17.68
+12%
|
-23.15
-31%
|
-15.56
+33%
|
-28.18
-81%
|
-33.91
-20%
|
-181.47
-435%
|
-27.71
+85%
|
-19.62
+29%
|
-7.54
+62%
|
-26.98
-258%
|
-31.61
-17%
|
-45.9
-45%
|
-33.08
+28%
|
-19.27
+42%
|
-19.75
-2%
|
-5.64
+71%
|
-6.44
-14%
|
-3.72
+42%
|
0.19
N/A
|
-1
N/A
|
1.14
N/A
|
-0.55
N/A
|
-0.84
-53%
|
-1.21
-44%
|
-0.21
+83%
|
0.28
N/A
|
0.34
+21%
|
0.58
+71%
|
0.75
+29%
|
1.71
+128%
|
2.76
+61%
|
6.06
+120%
|
9.48
+56%
|
12.65
+33%
|
15.07
+19%
|
14.75
-2%
|
15.07
+2%
|
14.82
-2%
|
15.89
+7%
|
16.52
+4%
|