EuroDry posted net income attributable to controlling shareholders of USD 6.59 million, swinging from a loss in the year-earlier quarter; EPS was USD 2.36.
Net revenues climbed 57% to USD 17.7 million from the year-earlier quarter.
Adjusted EBITDA rose to USD 11.7 million from USD 1.9 million a year earlier.
Operating metrics and balance-sheet actions
Average time charter equivalent rate more than doubled to USD 20,398 per day; average owned vessels fell to 11 from 12.
The company signed a term sheet with Alpha Bank to refinance M/V Ekaterini with a loan of up to USD 19 million; share repurchases totaled USD 5.8 million.
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