Earnings Call Summary | C3is(CISS.US) Q1 2024 Earnings Conference
Earnings Call Summary | C3is(CISS.US) Q1 2024 Earnings Conference
The following is a summary of the C3is Inc. (CISS) Q1 2024 Earnings Call Transcript:
以下是C3is Inc.（CISS）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
C3is reported Q1 2024 EBITDA of $5.7 million, a significant increase from $1.4 million in Q1 2023, largely due to the addition of an Aframax tanker to their fleet in Q3 2023.
Net income rose substantially, from $0.8 million in Q1 2023 to $3.8 million.
While the net value of their vessel dropped a little from $75.2 million to $73.8 million, it is expected to increase following the acquisition in Q2 2024.
Cash balance increased from $9 million in 2023 to $34.9 by the end of Q1 2024 due to net profit, collection of receivables, and proceeds from two share offers.
C3is報告稱，2024年第一季度息稅折舊攤銷前利潤爲570萬美元，較2023年第一季度的140萬美元大幅增加，這主要是由於其船隊在2023年第三季度增加了一艘Aframax油輪。
淨收入大幅增長，從2023年第一季度的80萬美元增至380萬美元。
儘管他們的船隻淨值從7,520萬美元略有下降至7,380萬美元，但預計將在2024年第二季度收購後增加。
由於淨利潤、應收賬款的收取和兩次股票要約的收益，現金餘額從2023年的900萬美元增加到2024年第一季度末的34.9萬美元。
Business Progress:
業務進展：
C3is expanded its fleet from two handysize carriers and an Aframax tanker to add another 33,000 deadweight bulk carrier.
They underwent a 1-for-400 reverse stock split in April 2024 due to falling below the minimum share bid price for continued listing on the capital market.
With a significant increase in cash balance and fleet capacity, the recent acquisition of Vessel Eco Spitfire, and no outstanding bank debt, the company is confident for further strategic acquisitions.
C3is擴大了其船隊，從兩艘小型貨船和一艘Aframax油輪擴大到另外增加33,000艘載重散裝貨船。
由於跌破了繼續在資本市場上市的最低出價價格，他們於2024年4月進行了每400股1股的反向股票拆分。
隨着現金餘額和機隊容量的顯著增加，最近收購了Vessel Eco Spitfire，並且沒有未償還的銀行債務，該公司對進一步的戰略收購充滿信心。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。