DryShips (NASDAQ: DRYS) reported Q4 EPS of ($54.16), versus ($9,518) reported last year. Revenue for the quarter came in at $12.84 million, versus $23.77 million reported last year.
Updated Key Information as of February 7, 2017:
Cash and cash equivalents about $243.0 million, (or $6.70 per share) Book value of Vessels, net about $95.3 million 3rd Party Loans about $16.5 million Sifnos Loan Facility balance about $142.9 million Sifnos Loan available liquidity about $57.1 million Number of Shares Outstanding 36,253,866 George Economou, Chairman and Chief Executive Officer of the Company, commented:
"We are pleased to have put 2016 behind us. Having now restored our balance sheet and successfully raised over $300 million in new equity in the last 12 months, DryShips is in a unique position to opportunistically acquire vessels at prices close to historic lows."
Link back to the first one they released - That's a biggy mistake to do. I expect a little more out of street insider!
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