Company Quick10K Filing
Pyxis Tankers
20-F 2019-12-31 Filed 2020-03-31
20-F 2018-12-31 Filed 2019-03-29
20-F 2017-12-31 Filed 2018-03-23
20-F 2016-12-31 Filed 2017-03-28
20-F 2015-12-31 Filed 2016-03-23

Pyxis Tankers Financials

PXS Metrics, Comps, Filings

Quarterly | Annual

Business

Our legal and commercial name is Pyxis Tankers Inc. We are an international maritime transportation holding company that was incorporated under the laws of the BCA on March 23, 2015, and we maintain our principal place of business at the offices of our ship manager, Pyxis Maritime Corp. (“Maritime”), at 59 K. Karamanli, Maroussi 15125, Athens, Greece. Our telephone number at that address is +30 210 638 0200. Our registered agent in the Marshall Islands is The Trust Company of the Marshall Islands, Inc. located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

We own the vessels in our fleet through six separate wholly-owned subsidiaries that are incorporated in the Marshall Islands and Malta. We acquired the vessel-owning subsidiaries from affiliates of our founder and Chief Executive Officer in connection with our merger with LookSmart in October 2015. Pursuant to which, LookSmart merged with and into Maritime Technologies Corp. and we commenced trading on the NASDAQ Capital Market under the symbol “PXS”. As part of the merger transactions, LookSmart transferred all of its then existing business, assets and liabilities to its wholly-owned subsidiary, which was spun off to the LookSmart stockholders.

As a company with less than $1.07 billion in revenues for the last fiscal year, we qualify as an “emerging growth company” pursuant to the JOBS Act. An emerging growth company may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally to public companies. These provisions include, but are not limited to, exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley Act of 2002 (“Section 404”), in the assessment of the emerging growth company's internal control over financial reporting. The JOBS Act also provides that an emerging growth company does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards. Emerging growth companies are also exempt from mandatory auditor rotation and furthermore, we are not required to present selected financial information or any management's discussion herein for any period prior to the earliest audited period presented in connection with this Annual Report.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Navios Maritime Acquisition (NNA) 43,827 0% 1,627,384 1,247,032 0 0 0 0 1,213,618
Capital Product Partners (CPLP) 37,106 0% 1,385,245 503,931 0 0 0 0 434,797
Odyssey Marine Exploration (OMEX) 36,775 26% -6.8 -202% 4,779 54,538 3,136 804 -9,649 -5,341 36,471
Hornbeck Offshore Services (HOS) 34,194 0% -51.7 -5% 2,691,806 1,493,912 217,628 0 -134,162 -21,396 1,105,561
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
Euroseas (ESEA) 8,135 0% 66,955 44,377 0 0 0 0 32,415
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)
Carnival (CUK)
Scorpio Tankers (SBNA)
FLEX LNG (FLNG)
Dynagas LNG Partners (DLNG) 0% 1,063,436 736,951 0 0 0 0 612,883
Global Ship Lease (GSL) 0% 1,233,487 917,125 0 0 0 0 799,104
Navios Maritime Partners (NMM) 0% 1,314,133 537,380 0 0 0 0 457,596
Grindrod Shipping Holdings (GRIN) 0% 447,627 0 0 0 0 -11,627

Balance Sheet ($'000)2015-12-312016-12-312017-12-312018-12-31
Cash3,9797831,6934,204
Accounts Receivable4551,6817032,585
Inventory5831,1731,016807
PP&E130,501121,341115,774107,992
Assets141,722130,740124,813116,617
Accounts Payable1,1033,1152,2934,746
Long-Term Debt81,09473,83166,86863,422
Liabilities87,15681,98776,65776,674
Stockholders' Equity54,56648,75348,15639,943
Income Statement ($'000)2015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($'000)2015-12-312016-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing