Top Ships Inc (TOPS)

[ORCA]

CHECKING OUT DRYS Q2 REPORT POSITIVES IN BOLD.DRYS, August 30, 2017, for the second quarter of the fiscal year 2017. The Company's Drybulk segment's voyage revenue increased 80.6%.
Earnings Reviewed

For the three months ended June 30, 2017, DryShips' revenues increased 4% to $16.38 million from $15.75 million in Q2 FY16.
As of August 29, 2017, the Company owns 49% of Heidmar Holdings LLC, pursuant to a joint venture with Morgan Stanley.

Segment Details
Drybulk - For the reported quarter, DryShips' Drybulk segment's voyage revenue increased 80.6% to $12.23 million from $6.77 million in Q2 FY16.
Balance Sheet

As on June 30, 2017, DryShips' cash and cash equivalents including restricted cash increased 55.2% to $119.18 million from $76.77 million in Q4 FY16.
During Q2 FY17, the Company's total assets increased 282.0% to $740.07 million from $193.73 million in Q4 FY16.