Ocean Pal Inc. - Understand $op stock

$OP Market Cap: $10.48 Million

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Financial Snapshot

Revenue

$22.10M

TTM

Gross Margin

Net Earnings

-$17.05M

TTM

Current Assets

$33.96M

Q2 2024

Current Liabilities

$2.742M

Q2 2024

Current Ratio

1238.33%

Q2 2024

Total Assets

$86.44M

Q2 2024

Total Liabilities

$2.742M

Q2 2024

Book Value

$83.70M

Q2 2024

Cash

$10.80M

Q2 2024

P/E

-0.6146

Nov 29, 2024 EST

Free Cash Flow

-$4.238M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$18.96M	$19.09M	$1.334M	$9.411M	$12.37M
YoY Change	-0.67%	1330.66%	-85.82%	-23.92%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$18.96M	$19.09M	$1.334M	$9.411M	$12.37M
Cost Of Revenue
Gross Profit
Gross Profit Margin

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
Selling, General & Admin	$6.517M	$3.961M	$432.0K	$2.021M	$1.538M
YoY Change	64.53%	816.9%	-78.62%	31.45%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.670M	$4.896M	$354.0K	$2.152M	$2.479M
YoY Change	56.66%	1283.05%	-83.55%	-13.21%
% of Gross Profit
Operating Expenses	$26.68M	$19.41M	$1.200M	$13.21M	$11.19M
YoY Change	37.44%	1517.58%	-90.91%	18.07%
Operating Profit	-$7.722M	-$326.0K
YoY Change	2268.71%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022
Interest Expense	-$403.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net	$6.148M	$0.00
YoY Change

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
Pretax Income	-$1.977M	-$326.0K	$134.0K	-$3.796M	-$1.863M
YoY Change	506.44%	-343.28%	-103.53%	103.77%
Income Tax
% Of Pretax Income
Net Earnings	-$6.707M	-$326.0K	$134.0K	-$3.796M	-$1.863M
YoY Change	1957.36%	-343.28%	-103.53%	103.77%
Net Earnings / Revenue	-35.38%	-1.71%	10.04%	-40.34%	-15.06%
Basic Earnings Per Share	-$2.02	-$0.86
Diluted Earnings Per Share	-$2.02	-$0.86	$5.494K	-$155.6K	-$76.37K

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
Cash & Short-Term Investments	$14.84M	$8.454M	$1.673M	$39.64K	$1.920K
YoY Change	75.55%	405.32%	4120.48%	1964.58%
Cash & Equivalents	$14.84M	$8.454M	$1.673M	$39.64K	$1.920K
Short-Term Investments
Other Short-Term Assets	$895.0K	$1.126M	$460.0K	$869.7K	$7.843M
YoY Change	-20.52%	144.78%	-47.11%	-88.91%
Inventory	$287.0K	$334.0K	$186.0K	$182.0K	$168.8K
Prepaid Expenses
Receivables	$2.963M	$4.257M	$881.0K	$1.035M	$309.8K
Other Receivables	$1.058M	$0.00	$0.00	$2.111M	$2.089M
Total Short-Term Assets	$20.04M	$14.17M	$3.200M	$4.237M	$10.41M
YoY Change	41.44%	342.84%	-24.48%	-59.31%
Property, Plant & Equipment	$71.10M	$63.67M	$45.73M	$32.25M	$25.46M
YoY Change	11.67%	39.24%	41.8%	26.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$3.701M	$1.175M	$152.0K	$701.8K	$11.01K
YoY Change	214.98%	673.03%	-78.34%	6273.93%
Total Long-Term Assets	$74.80M	$64.85M	$45.88M	$32.95M	$25.47M
YoY Change	15.35%	41.34%	39.24%	29.36%
Total Assets	$94.85M	$79.02M	$49.08M	$37.19M	$35.89M
YoY Change
Accounts Payable	$405.0K	$281.0K	$263.0K	$133.6K	$180.6K
YoY Change	44.13%	6.84%	96.9%	-26.05%
Accrued Expenses	$898.0K	$1.154M	$381.0K	$1.638M	$448.4K
YoY Change	-22.18%	202.89%	-76.73%	265.25%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.286M	$2.459M	$931.0K	$1.886M	$1.023M
YoY Change	-7.04%	164.12%	-50.65%	84.43%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$0.00			$0.00	$0.00
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Total Liabilities	$2.286M	$2.459M	$931.0K	$1.886M	$1.023M
YoY Change	-7.04%	164.12%	-50.65%	84.43%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022
Basic Shares Outstanding	3.316M	3.113M
Diluted Shares Outstanding	3.372M	3.113M
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: $10.482 Million

About OceanPal Inc.

OceanPal, Inc. is a holding company, which engages in the provision of shipping transportation services. The company is headquartered in Athina, Attiki. The company went IPO on 2021-11-18. The firm is engaged in the ownership, operation, and chartering of dry bulk vessels. The firm's fleet consists of 3 dry bulk vessels, including one Capesize and two Panamax vessels.

Industry: Deep Sea Foreign Transportation of Freight Peers: Performance Shipping Inc. GLOBUS MARITIME LTD Star Bulk Carriers Corp. United Maritime Corp