EuroDry Reports Q3 Revenue Growth of 34.9% and Positive Net Income
EuroDry (EDRY) has reported its third-quarter financial results, showcasing a significant turnaround in profitability. The company achieved a Non-GAAP EPS of $2.36 on revenue of $19.4 million, representing a 34.9% increase compared to the same period last year. The shift from a net loss of $0.7 million in the prior year to a net income attributable to controlling shareholders of $6.9 million highlights strong operational improvement. Adjusted net income also saw substantial growth, reflecting improved margins and revenue scaling within its sector.
Tickers: $EDRY
Topics: earnings net income revenue growth