As expected, For the second quarter of 2018, the Company reported Revenue of $43.3 Million with net income of $3.6 million, or $0.04 basic and diluted earnings per share.
Adjusted EBITDA slightly increased quarter over quarter of $13.3 million for the second quarter of 2018 relative to Adjusted EBITDA of $12.9 million for the first quarter of 2018 and from Adjusted EBITDA of $9.9 million for the fourth quarter of 2017- An increasing trend.
Cash and cash equivalents: approximately $155.4 million (or $1.57 per share)
Book value of vessels: approximately $893.2 million (or $9.05 per share)
Debt outstanding balance: approximately $434.1 million (or $4.40 per share)
Repurchased a total of 5,565,992 shares of its common stock for an aggregate amount of $23.1 million, Number of Shares Outstanding: 98,708,716
Heidmar Stake contributed $9.7 million or $0.09 per share in Q4 2017 still to contribute to earnings.
Overall, very positive quarter over quarter growth for DRYS with increasing EBITDA.
