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Euroseas Ltd (ESEA.OQ)

ESEA.OQ on NASDAQ Stock Exchange Capital Market

0.40USD
13 Dec 2019
Change (% chg)

$-0.03 (-7.80%)
Prev Close
$0.43
Open
$0.43
Day's High
$0.43
Day's Low
$0.39
Volume
4,450
Avg. Vol
27,543
52-wk High
$0.97
52-wk Low
$0.33

Latest Key Developments (Source: Significant Developments)

Euroseas Ltd Announces 1-For-8 Reverse Stock Split
Tuesday, 10 Dec 2019 

Dec 9 (Reuters) - Euroseas Ltd ::EUROSEAS LTD. ANNOUNCES 1-FOR-8 REVERSE STOCK SPLIT.EUROSEAS LTD - COMPANY WILL IMPLEMENT A 1-FOR-8 REVERSE STOCK SPLIT, WITH AN EFFECTIVE DATE OF DECEMBER 18, 2019.  Full Article

Euroseas Reports Q3 Loss Per Share $0.01
Monday, 25 Nov 2019 

Nov 25 (Reuters) - Euroseas Ltd ::EUROSEAS LTD. REPORTS RESULTS FOR THE NINE-MONTH PERIOD AND QUARTER ENDED SEPTEMBER 30, 2019.Q3 REVENUE ROSE 23.4 PERCENT TO $10.3 MILLION.Q3 ADJUSTED LOSS PER SHARE $0.02 EXCLUDING ITEMS.Q3 LOSS PER SHARE $0.01.  Full Article

Euroseas Ltd Announces Acquisition Of Four 4,250 Teu Containerships
Tuesday, 19 Nov 2019 

Nov 18 (Reuters) - Euroseas Ltd ::EUROSEAS LTD. ANNOUNCES THE ACQUISITION OF FOUR 4,250 TEU CONTAINERSHIPS FURTHER EXPANDING AND RENEWING ITS FLEET; AND A PRIVATE PLACEMENT OF $6 MILLION OF COMMON STOCK.EUROSEAS LTD - VESSELS ARE BEING ACQUIRED FOR A TOTAL CONSIDERATION OF APPROXIMATELY $40 MILLION.EUROSEAS LTD - ACQUISITION WILL BE FINANCED BY BANK DEBT, EXISTING FUNDS OF COMPANY AND $6 MILLION RAISED IN PRIVATE PLACEMENTS.EUROSEAS LTD - ENTERED INTO AGREEMENTS TO ACQUIRE FOUR 4,253 TEU CONTAINERSHIPS BUILT IN SOUTH KOREA, THREE IN 2009 AND ONE IN 2008.EUROSEAS LTD - AS PART OF TRANSACTION, CO HAS AGREED TO ACQUIRE CERTAIN MANAGEMENT SERVICES OF SYNERGY MARINE LIMITED FOR NEXT THREE YEARS.EUROSEAS LTD - ANDREAS PAPATHOMAS, CHAIRMAN OF SYNERGY HOLDINGS LIMITED, HAS JOINED BOARD.  Full Article

Euroseas Says Q2 Revenue Fell 17.1% To $8.1 Mln
Friday, 9 Aug 2019 

Aug 8 (Reuters) - Euroseas Ltd ::. REPORTS RESULTS FOR THE SIX-MONTH PERIOD AND QUARTER ENDED JUNE 30, 2019, ANNOUNCES COMPLETION OF PREVIOUSLY ANNOUNCED TRANSACTIONS AND PROVIDES UPDATES ON OTHER CORPORATE MATTERS.Q2 REVENUE FELL 17.1 PERCENT TO $8.1 MILLION.Q2 ADJUSTED LOSS PER SHARE $0.14.Q2 LOSS PER SHARE $0.14.  Full Article

Euroseas To Acquire Four Vessels For A Combination Of Cash And Common Shares
Monday, 3 Jun 2019 

June 3 (Reuters) - Euroseas Ltd ::EUROSEAS LTD. ANNOUNCES THREE TRANSFORMATIVE TRANSACTIONS REDUCING ITS COST OF CAPITAL AND SIGNIFICANTLY EXPANDING ITS FLEET: REFINANCING OF TWO VESSELS, PARTIAL REDEMPTION OF THE MAJORITY OF ITS PREFERRED SHARES AND ACQUISITION OF FOUR VESSELS.EUROSEAS LTD - REFINANCING OF TWO OF ITS VESSELS WITH SIMULTANEOUS INTEREST RATE REDUCTION FOR ALL OTHER EXISTING LOANS.EUROSEAS LTD - SIGNING OF MEMORANDA OF AGREEMENT TO ACQUIRE FOUR VESSELS FOR A COMBINATION OF CASH AND COMMON SHARES..EUROSEAS LTD - REDEMPTION OF APPROXIMATELY 60% OF ITS OUTSTANDING SERIES B PREFERRED SHARES.EUROSEAS LTD - SIGNING OF MEMORANDA OF AGREEMENT TO ACQUIRE FOUR VESSELS FOR A COMBINATION OF CASH AND COMMON SHARES.EUROSEAS LTD - COMMON SHARES TO BE ISSUED TO SELLERS WILL REPRESENT APPROXIMATELY 64.3% OF EUROSEAS' OUTSTANDING COMMON SHARES.EUROSEAS LTD - VESSELS ARE OWNED BY AFFILIATES OF PITTAS FAMILY, CONTROLLED BY COMPANY'S CEO.EUROSEAS LTD - TO ACQUIRE FOUR FEEDER CONTAINERSHIPS FOR A CONSIDERATION THAT INCLUDES CASH PAYMENT OF $15 MILLION & ISSUANCE OF ABOUT 22.5 MILLION SHARES.  Full Article

Euroseas Ltd Reports Results For The Quarter Ended March 31, 2019
Wednesday, 29 May 2019 

May 28 (Reuters) - Euroseas Ltd ::. REPORTS RESULTS FOR THE QUARTER ENDED MARCH 31, 2019.Q1 REVENUE $8.34 MILLION VERSUS $8.31 MILLION.Q1 LOSS PER SHARE $0.04.AN AVERAGE OF 11.0 VESSELS WERE OWNED AND OPERATED DURING Q1 OF 2019 EARNING AN AVERAGE TIME CHARTER EQUIVALENT RATE OF $9,088 PER DAY.  Full Article

Euroseas Reports Q4 Adj Loss Per Share Of $0.07
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Euroseas Ltd ::REPORTS RESULTS FOR THE YEAR AND QUARTER ENDED DECEMBER 31, 2018.Q4 REVENUE ROSE 2.9 PERCENT TO $8.0 MILLION.Q4 ADJUSTED LOSS PER SHARE $0.07 EXCLUDING ITEMS.Q4 LOSS PER SHARE $0.07.QTRLY AVERAGE TIME CHARTER EQUIVALENT RATE OF $8,577 PER DAY..  Full Article

Euroseas Q3 Adjusted Loss Per Share $0.10 Excluding Items
Friday, 16 Nov 2018 

Euroseas Ltd ::. REPORTS RESULTS FOR THE NINE-MONTH PERIOD AND QUARTER ENDED SEPTEMBER 30, 2018.Q3 REVENUE ROSE 45.7 PERCENT TO $8.3 MILLION.Q3 ADJUSTED LOSS PER SHARE $0.10 EXCLUDING ITEMS.Q3 LOSS PER SHARE $0.10.  Full Article

Euroseas Ltd. Reports Quarterly Adjusted Earnings Per Share $0.04 Excluding Items
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Euroseas Ltd ::EUROSEAS LTD. REPORTS RESULTS FOR THE SIX-MONTH PERIOD AND QUARTER ENDED JUNE 30, 2018.Q2 REVENUE ROSE 85 PERCENT TO $9.8 MILLION.QUARTERLY ADJUSTED EARNINGS PER SHARE $0.04 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.16.  Full Article

Euroseas Ltd Announces Time Charter Contract
Friday, 4 May 2018 

May 4 (Reuters) - Euroseas Ltd ::EUROSEAS LTD. ANNOUNCES TIME CHARTER CONTRACT AND FINANCING FOR ITS NEWBUILDING KAMSARMAX M/V EKATERINI AND SETS DATE FOR THE RELEASE OF FIRST QUARTER 2018 RESULTS, CONFERENCE CALL AND WEBCAST.EUROSEAS LTD - UNIT OF CO ENTERED INTO A TIME CHARTER CONTRACT FOR ITS NEWBUILDING VESSEL, M/V EKATERINI.EUROSEAS - M/V EKATERINI IS CHARTERED TO A EUROPEAN CHARTERER FOR ABOUT 2 YEARS AT GROSS DAILY RATE OF $13,000.EUROSEAS LTD - SECURED A BANK LOAN OF ABOUT $18.4 MILLION TO FINANCE ACQUISITION OF THE VESSEL.EUROSEAS LTD - CHARTER WILL COMMENCE UPON DELIVERY OF VESSEL AND IS EXPECTED TO CONTRIBUTE ABOUT $9.0 MILLION OF NET REVENUES TO CO DURING CONTRACT PERIOD.EUROSEAS LTD - M/V EKATERINI IS SCHEDULED TO BE DELIVERED TO CO FROM SHIPYARD ON MAY 7.EUROSEAS-LOAN PROCEEDS TO HELP CO'S LIQUIDITY BY ABOUT $2.2 MILLION AFTER REPAYMENT OF LAST INSTALLMENT TO SHIPYARD, ALL VESSEL DELIVERY RELATED EXPENSES.  Full Article