Euro Dry Ltd. - Understand $edry stock

$EDRY Market Cap: $39.03 Million

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Financial Snapshot

Revenue

$62.48M

TTM

Gross Margin

59.57%

TTM

Net Earnings

-$6.025M

TTM

Current Assets

$16.70M

Q3 2024

Current Liabilities

$19.93M

Q3 2024

Current Ratio

83.82%

Q3 2024

Total Assets

$214.7M

Q3 2024

Total Liabilities

$111.7M

Q3 2024

Book Value

$103.0M

Q3 2024

Cash

$2.649M

Q3 2024

P/E

-6.479

Nov 29, 2024 EST

Free Cash Flow

-$54.55M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$47.59M	$70.18M	$64.44M	$22.29M	$27.24M	$24.52M	$19.16M	$7.880M
YoY Change	-32.19%	8.91%	189.11%	-18.17%	11.09%	27.97%	143.15%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$47.59M	$70.18M	$64.44M	$22.29M	$27.24M	$24.52M	$19.16M	$7.880M
Cost Of Revenue	$20.89M	$19.33M	$13.57M	$11.89M	$11.89M	$9.590M	$9.290M	$4.390M
Gross Profit	$26.70M	$50.85M	$50.88M	$10.40M	$15.35M	$14.93M	$9.870M	$3.490M
Gross Profit Margin	56.1%	72.45%	78.95%	46.66%	56.35%	60.89%	51.51%	44.29%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$10.15M	$10.86M	$5.086M	$6.590M	$5.880M	$5.510M	$2.450M	$1.580M
YoY Change	-6.55%	113.46%	-22.82%	12.07%	6.72%	124.9%	55.06%
% of Gross Profit	38.0%	21.35%	10.0%	63.37%	38.31%	36.91%	24.82%	45.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$10.97M	$10.76M	$7.657M	$6.560M	$6.460M	$5.420M	$4.790M	$3.830M
YoY Change	1.95%	40.49%	16.72%	1.55%	19.19%	13.15%	25.07%
% of Gross Profit	41.08%	21.15%	15.05%	63.08%	42.08%	36.3%	48.53%	109.74%
Operating Expenses	$25.61M	$19.59M	$11.99M	$13.14M	$12.34M	$10.94M	$7.240M	$5.410M
YoY Change	30.71%	63.42%	-8.78%	6.48%	12.8%	51.1%	33.83%
Operating Profit	$1.094M	$31.26M	$38.89M	-$2.740M	$3.010M	$3.990M	$2.630M	-$1.920M
YoY Change	-96.5%	-19.62%	-1519.34%	-191.03%	-24.56%	51.71%	-236.98%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	-$4.377M	-$574.1K	-$6.088M	-$3.140M	-$2.990M	-$2.870M	-$1.780M	-$1.170M
YoY Change	662.4%	-90.57%	93.9%	5.02%	4.18%	61.24%	52.14%
% of Operating Profit	-400.19%	-1.84%	-15.66%		-99.34%	-71.93%	-67.68%
Other Income/Expense, Net	-$4.377M	-$574.1K	-$7.736M	-$3.137M
YoY Change	662.4%	-92.58%	146.63%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$3.283M	$33.54M	$31.15M	-$5.880M	$20.00K	$1.120M	$850.0K	-$10.14M
YoY Change	-109.79%	7.67%	-629.83%	-29500.0%	-98.21%	31.76%	-108.38%
Income Tax
% Of Pretax Income
Net Earnings	-$2.909M	$33.54M	$31.15M	-$5.880M	$20.00K	$1.120M	$850.0K	-$10.14M
YoY Change	-108.67%	7.67%	-629.83%	-29500.0%	-98.21%	31.76%	-108.38%
Net Earnings / Revenue	-6.11%	47.79%	48.34%	-26.38%	0.07%	4.57%	4.44%	-128.68%
Basic Earnings Per Share	-$1.05	$11.66	$11.63	-$3.28
Diluted Earnings Per Share	-$1.05	$11.61	$12.22M	-$2.579M	$8.889K	$502.2K	$377.8K	-$4.507M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$8.002M	$34.04M	$26.85M	$900.0K	$5.400M	$4.400M	$1.300M	$600.0K
YoY Change	-76.49%	26.8%	2883.05%	-83.33%	22.73%	238.46%	116.67%
Cash & Equivalents	$8.002M	$34.04M	$26.85M	$900.0K	$5.400M	$4.400M	$1.300M	$600.0K
Short-Term Investments
Other Short-Term Assets	$3.238M	$2.882M	$774.3K	$1.700M	$1.400M	$900.0K	$1.000M	$500.0K
YoY Change	12.33%	272.22%	-54.45%	21.43%	55.56%	-10.0%	100.0%
Inventory	$4.118M	$1.058M	$770.3K	$1.400M	$500.0K	$600.0K	$500.0K	$300.0K
Prepaid Expenses
Receivables	$6.741M	$7.148M	$775.0K	$1.500M	$1.800M	$2.200M	$600.0K	$600.0K
Other Receivables	$2.127M	$2.762M	$1.243M	$500.0K	$500.0K	$6.300M	$4.300M	$800.0K
Total Short-Term Assets	$24.23M	$47.89M	$30.41M	$6.100M	$9.600M	$14.50M	$7.600M	$2.800M
YoY Change	-49.42%	57.49%	398.52%	-36.46%	-33.79%	90.79%	171.43%
Property, Plant & Equipment	$203.5M	$149.0M	$128.5M	$99.30M	$105.5M	$110.6M	$82.00M	$64.40M
YoY Change	36.58%	15.98%	29.4%	-5.88%	-4.61%	34.88%	27.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$3.300M	$2.591M	$2.430M	$2.200M	$2.700M	$2.600M	$2.800M	$1.700M
YoY Change	27.37%	6.62%	10.46%	-18.52%	3.85%	-7.14%	64.71%
Total Long-Term Assets	$206.8M	$151.6M	$130.9M	$101.4M	$108.1M	$113.2M	$89.90M	$83.90M
YoY Change	36.42%	15.8%	29.12%	-6.2%	-4.51%	25.92%	7.15%
Total Assets	$231.1M	$199.5M	$161.3M	$107.5M	$117.7M	$127.7M	$97.50M	$86.70M
YoY Change
Accounts Payable	$3.147M	$2.989M	$855.8K	$1.100M	$1.000M	$700.0K	$300.0K	$300.0K
YoY Change	5.27%	249.3%	-22.2%	10.0%	42.86%	133.33%	0.0%
Accrued Expenses	$2.321M	$1.005M	$852.4K	$700.0K	$1.300M	$1.200M	$1.000M	$500.0K
YoY Change	130.97%	17.86%	21.78%	-46.15%	8.33%	20.0%	100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$17.80M	$22.86M	$13.95M	$13.80M	$6.800M	$6.900M	$8.000M	$1.300M
YoY Change	-22.11%	63.86%	1.08%	102.94%	-1.45%	-13.75%	515.38%
Total Short-Term Liabilities	$25.48M	$27.20M	$17.71M	$19.30M	$11.20M	$9.000M	$9.600M	$2.100M
YoY Change	-6.32%	53.64%	-8.26%	72.32%	24.44%	-6.25%	357.14%
Long-Term Debt	$86.12M	$58.36M	$64.70M	$37.30M	$49.70M	$56.40M	$30.40M	$28.20M
YoY Change	47.57%	-9.8%	73.47%	-24.95%	-11.88%	85.53%	7.8%
Other Long-Term Liabilities	$17.77K		$0.00	$400.0K	$300.0K	$0.00	$24.60M	$25.20M
YoY Change			-100.0%	33.33%		-100.0%	-2.38%
Total Long-Term Liabilities	$86.14M	$58.36M	$64.70M	$37.70M	$50.00M	$56.40M	$55.00M	$53.40M
YoY Change	47.6%	-9.8%	71.63%	-24.6%	-11.35%	2.55%	3.0%
Total Liabilities	$121.4M	$85.56M	$82.41M	$57.00M	$61.20M	$65.40M	$64.60M	$55.60M
YoY Change	41.87%	3.83%	44.58%	-6.86%	-6.42%	1.24%	16.19%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	2.763M	2.876M	2.529M	2.275M
Diluted Shares Outstanding	2.763M	2.890M	2.549M	2.275M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $39.031 Million

About EuroDry Ltd.

Eurodry Ltd. engages in the provision of worldwide ocean-going transportation services. The company is headquartered in Athina, Attiki. The company went IPO on 2018-05-24. The firm's operations are managed by Eurobulk Ltd an affiliated ship management company and Eurobulk (Far East) Ltd. Inc, which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry Ltd employs its vessels on spot and period charters and through pool arrangements. The firm has a fleet of more than five vessels, including Kamsarmax drybulk carriers, Panamax drybulk carriers and an Ultramax drybulk carrier with a total cargo capacity of approximately 400,000 deadweight tonnage (dwt). The firm's subsidiaries are: Kamsarmax One Shipping Ltd, Kamsarmax Two Shipping Ltd and Eirini Shipping Ltd, among others.

Industry: Water Transportation Peers: Capital Clean Energy Carriers Corp. EUROSEAS LTD. GLOBUS MARITIME LTD Pyxis Tankers Inc. Seanergy Maritime Holdings Corp. Star Bulk Carriers Corp. United Maritime Corp