Keeping It Simple

[eastunder]

UPDATE: DryShips (DRYS) Reports Q4 Loss of $54.16/Share

NOTE: They reversed the EPS numbers on their first PR and have since corrected it.

http://www.streetinsider.com/Earnings/UPDATE%3A+DryShips+%28DRYS%29+Reports+Q4+Loss+of+%2454.16Share/12509428.html


(Updated - February 7, 2017 4:38 PM EST)

(correction to EPS)

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!

Still crappy report