Nov. 14 at 5:06 PM
Noble Capital Markets Research Report: EuroDry (
$EDRY) – Momentum Building into Q4 and 2026
Third quarter financial results. EuroDry reported third quarter 2025 revenues of
$15.3 million, in line with expectations of
$15.1 million and down slightly from
$15.8 million last year due to a smaller fleet. Adjusted EBITDA improved sharply to
$4.1 million, up from
$0.5 million in Q3 2024, due to lower expenses and stronger utilization. The company operated an average of 12 vessels at a TCE of
$13,232/day, modestly above
$13,105/day in the prior-year period. Adjusted net loss narrowed to
$0.6 million, or $(0.23)/share, compared to a loss of
$3.9 million, or $(1.42)/share, last year.
Read more: https://www.channelchek.com/news-channel/eurodry-edry-momentum-building-into-q4-and-2026