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C3is (CISS) - 2024 Q2 - Earnings Call Transcript
2024-08-23 03:55
财务数据和关键指标变化 - 公司报告了2024年上半年调整后EBITDA为1,130万美元,同比增长555% [5] - 公司报告了2024年上半年调整后净利润为730万美元,同比增长1,790% [5] - 公司Aframax油轮贡献了约80%的总收入 [6] - 公司船舶净账面价值从2023年12月底的75.2百万美元增加到2024年6月底的87.4百万美元,主要是由于2024年4月交付了一艘散货船 [6] - 公司2024年6月底的净现金余额为4,550万美元,较2023年12月底的900万美元大幅增加,主要是由于正常业务经营产生的净利润、2023年第四季度记录的600万美元应收款在2024年上半年收回,以及2024年第一季度进行的两次股权发行募集的1,200万美元 [6] - 公司2024年下半年的平均日租金为29,700美元,较2023年下半年增长145%,主要得益于Aframax油轮的贡献 [6] 各条业务线数据和关键指标变化 - 公司目前拥有3艘散货船和1艘Aframax油轮,总运力为213,000载重吨,较公司成立一年多时增加了234% [6][9][14] - 公司在2024年第二季度新增了一艘33,000载重吨的散货船,平均船龄为13.5年 [9] - 公司所有船舶都已安装了压载水处理系统,且在未来3年内无需进行大修 [14] - 公司所有船舶目前都在短期和中期租约以及航次租赁中运营 [14] 各个市场数据和关键指标变化 - 干散货市场受益于红海航线转移、地缘政治不确定性、中美贸易战升级风险以及油价上涨,需求预计将在2024年增长3.6% [10] - 小宗干散货吨海里需求预计将在2024年增长5.2%,2025年增长2.7% [10] - 2024年6月,散货船Handysize一年期租金为每天30,750美元,同比增长15.5% [10] - 原油航运需求预计将在2024年增长3.5%,主要受益于美国、巴西和圭亚那出口增加以及亚洲炼厂投产 [11] - 2024年6月,Aframax原油船指数为1,223点,同比增长12.6% [11] 公司战略和发展方向及行业竞争 - 公司采取谨慎的资产收购策略,对收购目标进行深入的技术和状况评估 [18] - 公司专注于短期和中期租约以及航次租赁,并与优质客户如商品贸易商、工业公司和石油生产商及炼油厂建立合作关系 [14][18] - 公司保持充足的现金流和流动性,以便在市场机遇出现时迅速行动 [18] - 公司自成立一年多来已将船队规模增加了234%,且完全没有银行债务 [18][19] - 行业面临需求下降、货物结构变化、客户价值链脱碳以及市场波动和地缘政治风险等诸多挑战和机遇 [19] 管理层对经营环境和未来前景的评论 - 管理层对公司的盈利能力和增长前景保持乐观,认为收益动力将保持良好 [19] - 管理层表示将继续专注于船队扩张战略,并努力为股东带来更好的财务表现和增长前景 [19] 其他重要信息 - 公司于2024年4月进行了1比100的反向股票拆分,以符合纳斯达克最低股价要求 [6] - 公司在2024年第一季度进行了两次股权发行,募集资金约1,200万美元 [6][18] - 公司在2024年7月全额偿还了Aframax油轮的剩余38.7百万美元收购款,未使用银行贷款 [19]
CISS Stock Earnings: C3is Reported Results for Q2 2024
Investor Place· 2024-08-22 23:52
C3is (NASDAQ:CISS) just reported results for the second quarter of 2024.C3is reported earnings per share of 63 cents.The company reported revenue of $10.83 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform ...
C3is Inc. reports second quarter and six months 2024 financial and operating results
GlobeNewswire News Room· 2024-08-22 19:30
ATHENS, Greece, Aug. 22, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short term durations, producing steady cash flows, while our Aframax tanker operates in the spot market where voyage char ...
C3is Inc. announces the date for the release of the second quarter 2024 financial and operating results
GlobeNewswire News Room· 2024-08-19 19:00
ATHENS, Greece, Aug. 19, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its second quarter financial results for the period ended June 30, 2024 before the market opens in New York on August 22nd, 2024. On August 22nd, 2024, at 11:00 am ET, the company’s management will host a conference call to present the results and the company’s operations and outlook. Slides and audio webcast: There ...
C3is (CISS) - 2024 Q1 - Earnings Call Presentation
2024-05-29 06:34
Q1 2024 Financial & Operating Results C3is Inc. Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "intends," and similar expressions are intended to identify for ...
C3is (CISS) - 2024 Q1 - Earnings Call Transcript
2024-05-29 06:33
C3is Inc. (NASDAQ:CISS) Q1 2024 Earnings Conference Call May 28, 2024 11:00 AM ET Company Participants Diamantis Andriotis - CEO Nina Pyndiah - CFO Conference Call Participants Diamantis Andriotis Good morning, everyone, and welcome to our C3is First Quarter Earnings Conference Call and Webcast. This is Diamantis Andriotis, CEO of the company. Joining me on the call today is our CFO, Nina Pyndiah. Before we commence our presentation, I would like to remind you that we will be discussing forward-looking stat ...
C3is (CISS) - 2024 Q2 - Quarterly Report
2024-05-29 04:31
On May 28, 2024, C3is Inc. (the "Company") announced its financial and operating results for the three months ended March 31, 2024. | --- | --- | |-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
C3is Inc. announces the date for the release of the first quarter 2024 financial and operating results
Newsfilter· 2024-05-23 20:00
ATHENS, Greece, May 23, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (NASDAQ:CISS) (the "Company"), a ship-owning company providing seaborne transportation services, announced today that it will release its first quarter financial results for the period ended March 31, 2024 before the market opens in New York on May 28th, 2024. On May 28th, 2024, at 11:00 am ET, the company's management will host a conference call to present the results and the company's operations and outlook. Slides and audio webcast: There will al ...
C3is (CISS) - 2023 Q4 - Annual Report
2024-04-30 21:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...
C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company
Newsfilter· 2024-04-13 04:10
ATHENS, Greece, April 12, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (NASDAQ:CISS) (the "Company") announced today that it has entered into an agreement to acquire the Bulk Carrier Eco Spitfire for $16.19 million from Brave Maritime, an affiliated company. Eco Spitfire, a Marshall Islands registered vessel, was built at a Japanese ship yard in 2012, and has a cargo carrying capacity of approximately 33,664 dwt. Payment of 10% of the purchase price will be effected within April 2024, with the remaining balance due b ...