EuroDry Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 10.34 million compared to USD 20.97 million a year ago. Net loss was USD 1.18 million compared to net income of USD 10.62 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to basic earnings per share from continuing operations of USD 3.66 a year ago. Diluted loss per share from continuing operations was USD 0.43 compared to diluted earnings per share from continuing operations of USD 3.61 a year ago.
For the six months, revenue was USD 21.68 million compared to USD 39.25 million a year ago. Net loss was USD 2.72 million compared to net income of USD 21.11 million a year ago. Basic loss per share from continuing operations was USD 0.98 compared to basic earnings per share from continuing operations of USD 7.35 a year ago. Diluted loss per share from continuing operations was USD 0.98 compared to diluted earnings per share from continuing operations of USD 7.25 a year ago.