EuroDry Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 11.34 million compared to USD 18.28 million a year ago. Net loss was USD 1.54 million compared to net income of USD 10.49 million a year ago.

Basic loss per share from continuing operations was USD 0.55 compared to basic earnings per share from continuing operations of USD 3.69 a year ago. Diluted loss per share from continuing operations was USD 0.55 compared to diluted earnings per share from continuing operations of USD 3.64 a year ago.