Euroseas Ltd. is a Marshall Islands company incorporated under the BCA on May 5, 2005. We are a provider of worldwide ocean-going transportation services. On May 30, 2018, the Company spun-off its drybulk fleet (excluding M/V Monica P, a handymax drybulk carrier, which was agreed to be sold at the time) into EuroDry Ltd., a separate publicly listed company also listed on Nasdaq Capital Market. Shareholders of the Company received one EuroDry Ltd. share for every five shares of the Company they held. As a result of the spin-off and the subsequent sale of M/V Monica P, the Company has become a pure containership company and the only publicly listed company concentrating on the feeder containership sector. Our containerships transport dry and refrigerated containerized cargoes, mainly including manufactured products and perishables. As of April 1, 2019, our fleet consisted of eleven containerships. The total cargo carrying capacity of the eleven containerships is 388,632 dwt or 25,483 teu. Two of our vessels were acquired before January 1, 2004 and were controlled by the Pittas family interests. On June 29, 2005, the shareholders of the two vessels (and of five additional vessels that have since been sold) transferred their ownership in each of the vessels to Euroseas in exchange for shares in Friends, a 100% owner of Euroseas at that time. Since June 2005, the Company has purchased twenty-eight vessels and ordered four newbuildings. Euroseas took delivery of three of the newbuildings in February 2016, January 2017 and May 2018, respectively, while one newbuilding vessel contract was cancelled. The Company sold fifteen vessels and spun-off six of its vessels into EuroDry in 2018.
Our common shares traded under the symbol ESEA on the Nasdaq Global Market beginning January 31, 2007 and on the Nasdaq Global Select Market beginning January 1, 2008, and since June 26, 2015 have traded on the Nasdaq Capital Market.
Our executive offices are located at 4 Messogiou & Evropis Street, 151 24, Maroussi, Greece. Our telephone number is +30-211-1804005.
|Comps ($'000 TTM)||Market Cap||Gross Margin||EV/EBITDA||Ret on Assets||Assets||Liabilities||Revenue||G Profit||Net Income||EBITDA||EV|
|Pyxis Tankers (PXS)||22,324||0%||116,617||76,674||0||0||0||0||81,542|
|Top Ships (TOPS)||19,565||0%||258,488||154,207||0||0||0||0||164,251|
|Globus Maritime (GLBS)||9,692||0%||86,674||45,624||0||0||0||0||8,296|
|Diana Containerships (DCIX)||9,401||0%||100,086||4,510||0||0||0||0||-1,092|
|Navios Maritime Holdings (NM)||3,468||0%||2,682,496||2,160,816||0||0||0||0||1,696,606|
|Nordic American Offshore (NAO)||3,212||0%||191,074||137,009||0||0||0||0||127,223|
|Seanergy Maritime (SHIP)||1,386||0%||267,562||246,259||0||0||0||0||192,549|
|Hermitage Offshore Services (PSV)|
|FLEX LNG (FLNG)|
|Scorpio Tankers (SBNA)|
|Grindrod Shipping Holdings (GRIN)||0%||447,627||0||0||0||0||-11,627|
|Global Ship Lease (GSL)||0%||1,233,487||917,125||0||0||0||0||799,104|
|Dynagas LNG Partners (DLNG)||0%||1,063,436||736,951||0||0||0||0||612,883|
|Hoegh LNG Partners (HMLP)||0%||1,023,040||502,603||0||0||0||0||394,790|
|Castor Maritime (CTRM)||0%||-4.2||3%||10,184||433||1,111||0||276||454||-1,887|
|Navios Maritime Partners (NMM)||0%||1,314,133||537,380||0||0||0||0||457,596|
|Balance Sheet ($'000)||2013-12-31||2014-12-31||2015-12-31||2016-12-31||2018-12-31|
|Income Statement ($'000)||2013-12-31||2014-12-31||2015-12-31||2016-12-31||2018-12-31|
|Cost of Revenue|
|Cash Flow ($'000)||2013-12-31||2014-12-31||2015-12-31||2016-12-31||2018-12-31|