Financial Snapshot

Revenue
$166.8M
TTM
Gross Margin
97.88%
TTM
Net Earnings
-$16.50M
TTM
Current Assets
$21.07M
Q2 2024
Current Liabilities
$33.25M
Q2 2024
Current Ratio
63.36%
Q2 2024
Total Assets
$430.2M
Q2 2024
Total Liabilities
$288.9M
Q2 2024
Book Value
$141.3M
Q2 2024
Cash
$16.80M
Q2 2024
P/E
-2.124
Nov 29, 2024 EST
Free Cash Flow
$48.25M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue $82.95M $80.66M $56.37M $60.20M $66.10M $41.00M $39.40M $28.40M $13.10M $3.600M $20.10M $31.40M $80.60M $90.90M $47.40M $164.0M $248.9M $310.0M $244.2M $93.80M $23.10M $11.40M $13.30M
YoY Change 2.84% 43.09% -6.37% -8.93% 61.22% 4.06% 38.73% 116.79% 263.89% -82.09% -35.99% -61.04% -11.33% 91.77% -71.1% -34.11% -19.71% 26.95% 160.34% 306.06% 102.63% -14.29%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue $82.95M $80.66M $56.37M $60.20M $66.10M $41.00M $39.40M $28.40M $13.10M $3.600M $20.10M $31.40M $80.60M $90.90M $47.40M $164.0M $248.9M $310.0M $244.2M $93.80M $23.10M $11.40M $13.30M
Cost Of Revenue $1.609M $1.648M $1.300M $2.000M $3.000M $1.000M $1.000M $700.0K $400.0K $100.0K $700.0K $1.000M $10.10M $2.900M $11.90M $87.90M $153.4M $151.7M $44.10M $16.90M $5.900M $3.300M $4.400M
Gross Profit $81.34M $79.01M $55.10M $58.20M $63.10M $40.00M $38.40M $27.70M $12.70M $3.500M $19.40M $30.40M $70.50M $87.90M $35.40M $76.10M $95.60M $158.4M $200.1M $76.90M $17.10M $8.100M $8.900M
Gross Profit Margin 98.06% 97.96% 97.75% 96.68% 95.46% 97.56% 97.46% 97.54% 96.95% 97.22% 96.52% 96.82% 87.47% 96.7% 74.68% 46.4% 38.41% 51.1% 81.94% 81.98% 74.03% 71.05% 66.92%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Selling, General & Admin $19.74M $14.55M $15.70M $8.700M $11.60M $14.80M $10.50M $4.700M $4.600M $3.000M $4.600M $9.400M $22.90M $25.50M $28.30M $40.80M $50.10M $62.30M $34.30M $15.90M $4.200M $1.000M $500.0K
YoY Change 35.65% -7.32% 80.46% -25.0% -21.62% 40.95% 123.4% 2.17% 53.33% -34.78% -51.06% -58.95% -10.2% -9.89% -30.64% -18.56% -19.58% 81.63% 115.72% 278.57% 320.0% 100.0%
% of Gross Profit 24.26% 18.42% 28.49% 14.95% 18.38% 37.0% 27.34% 16.97% 36.22% 85.71% 23.71% 30.92% 32.48% 29.01% 79.94% 53.61% 52.41% 39.33% 17.14% 20.68% 24.56% 12.35% 5.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.35M $13.29M $7.670M $13.21M $12.44M $6.760M $5.860M $3.590M $800.0K $880.0K $6.760M $12.51M $27.16M $33.86M $32.47M $33.47M $28.04M $35.59M $47.06M $13.11M $3.600M $2.210M $1.340M
YoY Change 7.98% 73.26% -41.94% 6.19% 84.02% 15.36% 63.23% 348.75% -9.09% -86.98% -45.96% -53.94% -19.79% 4.28% -2.99% 19.37% -21.21% -24.37% 258.96% 264.17% 62.9% 64.93%
% of Gross Profit 17.64% 16.82% 13.92% 22.7% 19.71% 16.9% 15.26% 12.96% 6.3% 25.14% 34.85% 41.15% 38.52% 38.52% 91.72% 43.98% 29.33% 22.47% 23.52% 17.05% 21.05% 27.28% 15.06%
Operating Expenses $52.61M $46.47M $39.10M $47.60M $46.80M $43.90M $36.70M $22.90M $17.00M $4.100M $11.70M $21.70M $58.50M $70.80M $48.20M $92.10M $128.3M $155.5M $127.8M $45.90M $16.30M $7.800M $5.100M
YoY Change 13.23% 18.84% -17.86% 1.71% 6.61% 19.62% 60.26% 34.71% 314.63% -64.96% -46.08% -62.91% -17.37% 46.89% -47.67% -28.22% -17.49% 21.67% 178.43% 181.6% 108.97% 52.94%
Operating Profit $28.73M $32.54M $14.80M $10.60M $16.30M -$3.900M $1.700M $4.800M -$4.300M -$600.0K $7.700M $8.700M $12.00M $17.10M -$12.80M -$16.00M -$32.70M $2.900M $72.30M $31.00M $800.0K $300.0K $3.800M
YoY Change -11.72% 119.86% 39.63% -34.97% -517.95% -329.41% -64.58% -211.63% 616.67% -107.79% -11.49% -27.5% -29.82% -233.59% -20.0% -51.07% -1227.59% -95.99% 133.23% 3775.0% 166.67% -92.11%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Interest Expense -$22.54M -$13.67M -$6.200M -$20.80M -$15.30M -$7.400M -$15.70M -$3.500M -$1.100M $3.500M -$6.500M -$9.300M -$18.00M -$19.60M -$7.700M -$15.10M -$18.40M -$25.30M -$17.70M -$4.800M -$1.400M -$1.000M -$700.0K
YoY Change 64.88% 120.5% -70.19% 35.95% 106.76% -52.87% 348.57% 218.18% -131.43% -153.85% -30.11% -48.33% -8.16% 154.55% -49.01% -17.93% -27.27% 42.94% 268.75% 242.86% 40.0% 42.86%
% of Operating Profit -78.47% -42.01% -41.89% -196.23% -93.87% -923.53% -72.92% -84.42% -106.9% -150.0% -114.62% -872.41% -24.48% -15.48% -175.0% -333.33% -18.42%
Other Income/Expense, Net -$120.0K -$13.67M -$6.185M -$200.0K -$300.0K -$100.0K $700.0K -$300.0K $0.00 $0.00 -$1.300M -$1.900M -$100.0K -$200.0K -$600.0K -$100.0K $0.00 -$1.200M -$400.0K $100.0K $400.0K $900.0K $0.00
YoY Change -99.12% 121.03% 2992.5% -33.33% 200.0% -114.29% -333.33% -100.0% -31.58% 1800.0% -50.0% -66.67% 500.0% -100.0% 200.0% -500.0% -75.0% -55.56%

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 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Pretax Income $6.066M $18.95M $8.600M -$22.80M -$14.80M -$11.40M -$13.40M $1.100M -$8.500M $2.900M $1.400M -$64.00M -$189.1M $2.500M -$73.00M -$10.00M -$49.10M -$11.00M $64.90M $28.20M -$200.0K $200.0K $1.800M
YoY Change -67.99% 120.33% -137.72% 54.05% 29.82% -14.93% -1318.18% -112.94% -393.1% 107.14% -102.19% -66.16% -7664.0% -103.42% 630.0% -79.63% 346.36% -116.95% 130.14% -14200.0% -200.0% -88.89%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Net Earnings -$22.37M -$9.187M $8.616M -$22.80M -$14.80M -$11.40M -$13.40M $1.100M -$8.500M $2.900M $1.400M -$64.00M -$189.1M $2.500M -$50.20M $25.60M -$49.10M -$11.00M $64.90M $28.20M -$200.0K $200.0K $1.800M
YoY Change 143.5% -206.63% -137.79% 54.05% 29.82% -14.93% -1318.18% -112.94% -393.1% 107.14% -102.19% -66.16% -7664.0% -104.98% -296.09% -152.14% 346.36% -116.95% 130.14% -14200.0% -200.0% -88.89%
Net Earnings / Revenue -26.97% -11.39% 15.29% -37.87% -22.39% -27.8% -34.01% 3.87% -64.89% 80.56% 6.97% -203.82% -234.62% 2.75% -105.91% 15.61% -19.73% -3.55% 26.58% 30.06% -0.87% 1.75% 13.53%
Basic Earnings Per Share -$12.44 -$3.03 $2.71 -$24.48
Diluted Earnings Per Share -$12.44 -$3.03 $2.71 -$970.2K -$148.0M -$306.2M -$6.303B -$784.2B -$379100B $165600B $517600B -$23700000B -$189100000B $5161000B -$162300000B -$24970000B -$258600000B -$73830000B $432500000B $402800000B -$6033000B $6700000B $59230000B

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 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Cash & Short-Term Investments $35.96M $20.54M $2.400M $19.30M $4.400M $100.0K $24.10M $100.0K $2.700M $0.00 $9.700M $0.00 $0.00 $46.20M $26.00M $30.00M $17.50M $114.8M $2.300M $100.0K
YoY Change 75.02% 756.0% -87.56% 338.64% 4300.0% -99.59% 24000.0% -96.3% -100.0% -100.0% 77.69% -13.33% 71.43% -84.76% 4891.3% 2200.0%
Cash & Equivalents $35.96M $20.54M $2.400M $19.30M $4.400M $100.0K $24.10M $100.0K $2.700M $0.00 $9.700M $0.00 $0.00 $46.20M $26.00M $30.00M $17.50M $114.8M $2.300M $100.0K
Short-Term Investments
Other Short-Term Assets $1.545M $0.00 $72.20M $25.20M $44.80M $3.800M $3.700M $3.800M $2.100M $700.0K $100.0K $25.30M $10.70M $300.0K $500.0K $1.300M $49.30M $4.100M $1.200M $2.900M $1.200M $400.0K
YoY Change -100.0% 186.51% -43.75% 1078.95% 2.7% -2.63% 80.95% 200.0% 600.0% -99.6% 136.45% 3466.67% -40.0% -61.54% -97.36% 1102.44% 241.67% -58.62% 141.67% 200.0%
Inventory $915.0K $1.026M $700.0K $500.0K $800.0K $600.0K $600.0K $600.0K $400.0K $300.0K $700.0K $500.0K $1.000M $8.000M $6.500M $6.300M $3.200M $500.0K $300.0K
Prepaid Expenses
Receivables $317.0K $8.000K $100.0K $0.00 $600.0K $800.0K $600.0K $0.00 $100.0K $100.0K $0.00 $400.0K $2.700M $500.0K $300.0K $4.200M $15.20M $27.20M $39.50M $20.00M $800.0K $100.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $100.0K $0.00 $100.0K $0.00 $100.0K $500.0K $1.100M $1.400M $2.000M $2.500M $4.400M $3.700M $5.000M $3.100M $200.0K $0.00 $0.00
Total Short-Term Assets $38.73M $20.54M $75.30M $45.10M $50.70M $5.300M $29.10M $4.500M $5.300M $1.200M $10.30M $26.70M $14.90M $3.400M $3.800M $57.10M $102.2M $72.80M $67.60M $141.1M $4.900M $800.0K
YoY Change 88.54% -72.72% 66.96% -11.05% 856.6% -81.79% 546.67% -15.09% 341.67% -88.35% -61.42% 79.19% 338.24% -10.53% -93.35% -44.13% 40.38% 7.69% -52.09% 2779.59% 512.5%
Property, Plant & Equipment $394.7M $417.8M $194.4M $182.1M $354.6M $181.3M $156.0M $127.3M $33.40M $39.60M $1.500M $179.1M $268.2M $600.5M $649.1M $581.0M $625.6M $338.3M $887.9M $382.1M $48.10M $32.10M
YoY Change -5.52% 114.9% 6.75% -48.65% 95.59% 16.22% 22.55% 281.14% -15.66% 2540.0% -99.16% -33.22% -55.34% -7.49% 11.72% -7.13% 84.92% -61.9% 132.37% 694.39% 49.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $19.64M $22.17M $24.50M $28.20M $19.30M $22.10M $17.70M
YoY Change -11.45% -9.5% -13.12% 46.11% -12.67% 24.86%
Other Assets $6.130M $8.853M $36.60M $37.70M $20.20M $49.80M $17.70M $11.40M $35.40M $34.70M $16.10M $5.500M $11.50M $18.20M $22.20M $52.60M $26.50M $50.00M $25.40M $16.70M $2.800M $700.0K
YoY Change -30.76% -75.81% -2.92% 86.63% -59.44% 181.36% 55.26% -67.8% 2.02% 115.53% 192.73% -52.17% -36.81% -18.02% -57.79% 98.49% -47.0% 96.85% 52.1% 496.43% 300.0%
Total Long-Term Assets $420.5M $448.8M $255.5M $247.9M $394.2M $253.2M $191.3M $138.8M $68.70M $74.40M $17.60M $184.7M $281.5M $618.7M $671.3M $641.3M $674.7M $418.1M $913.3M $398.8M $50.80M $32.80M
YoY Change -6.31% 75.65% 3.07% -37.11% 55.69% 32.36% 37.82% 102.04% -7.66% 322.73% -90.47% -34.39% -54.5% -7.84% 4.68% -4.95% 61.37% -54.22% 129.01% 685.04% 54.88%
Total Assets $459.2M $469.3M $330.8M $293.0M $444.9M $258.5M $220.4M $143.3M $74.00M $75.60M $27.90M $211.4M $296.4M $622.1M $675.1M $698.4M $776.9M $490.9M $980.9M $539.9M $55.70M $33.60M
YoY Change
Accounts Payable $1.356M $1.953M $2.300M $2.500M $4.500M $4.100M $2.800M $1.900M $4.900M $2.200M $2.100M $3.700M $8.200M $4.500M $3.900M $9.000M $21.30M $15.00M $12.40M $10.40M $3.100M $1.500M
YoY Change -30.57% -15.09% -8.0% -44.44% 9.76% 46.43% 47.37% -61.22% 122.73% 4.76% -43.24% -54.88% 82.22% 15.38% -56.67% -57.75% 42.0% 20.97% 19.23% 235.48% 106.67%
Accrued Expenses $11.34M $10.67M $11.00M $10.20M $4.000M $3.000M $2.000M $3.000M $5.900M $5.100M $4.600M $6.700M $5.700M $4.900M $5.500M $7.400M $11.90M $12.20M $13.30M $3.800M $700.0K $400.0K
YoY Change 6.22% -2.99% 7.84% 155.0% 33.33% 50.0% -33.33% -49.15% 15.69% 10.87% -31.34% 17.54% 16.33% -10.91% -25.68% -37.82% -2.46% -8.27% 250.0% 442.86% 75.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $53.20M $0.00 $30.00M $13.40M $10.20M $4.100M $3.300M $0.00 $0.00 $22.20M $22.30M $0.00 $0.00 $0.00 $28.20M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% 123.88% 31.37% 148.78% 24.24% -100.0% -0.45% -100.0%
Long-Term Debt Due $12.42M $12.34M $7.200M $5.300M $16.90M $10.20M $9.500M $8.000M $1.900M $1.400M $1.100M $156.2M $179.9M $350.3M $412.9M $358.9M $85.40M $16.60M $45.30M $19.50M $4.000M $2.600M
YoY Change 0.6% 71.44% 35.85% -68.64% 65.69% 7.37% 18.75% 321.05% 35.71% 27.27% -99.3% -13.17% -48.64% -15.16% 15.05% 320.26% 414.46% -63.36% 132.31% 387.5% 53.85%
Total Short-Term Liabilities $41.37M $32.24M $107.1M $25.40M $75.40M $36.80M $25.60M $20.00M $17.60M $9.300M $8.600M $193.6M $219.7M $366.6M $428.0M $386.9M $153.3M $45.40M $76.10M $42.60M $9.000M $4.400M
YoY Change 28.34% -69.9% 321.65% -66.31% 104.89% 43.75% 28.0% 13.64% 89.25% 8.14% -95.56% -11.88% -40.07% -14.35% 10.62% 152.38% 237.67% -40.34% 78.64% 373.33% 104.55%
Long-Term Debt $228.1M $233.7M $90.20M $99.30M $262.1M $117.0M $84.30M $72.50M $19.10M $18.00M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $342.1M $204.8M $518.8M $175.5M $30.40M $20.50M
YoY Change -2.41% 159.11% -9.16% -62.11% 124.02% 38.79% 16.28% 279.58% 6.11% -100.0% 67.04% -60.52% 195.61% 477.3% 48.29%
Other Long-Term Liabilities $6.357M $38.60M $24.20M $34.10M $1.600M $400.0K $3.300M $3.600M $3.200M $5.700M $4.500M $4.700M $0.00 $0.00 $19.40M $70.10M $79.40M $16.30M $0.00
YoY Change -83.53% 59.5% -29.03% 2031.25% 300.0% -87.88% -8.33% 12.5% -43.86% 26.67% -4.26% -100.0% -72.33% -11.71% 387.12%
Total Long-Term Liabilities $234.4M $272.3M $114.4M $133.4M $263.7M $117.4M $87.60M $76.10M $22.30M $23.70M $4.500M $4.700M $0.00 $0.00 $0.00 $19.40M $412.2M $284.2M $535.1M $175.5M $30.40M $20.50M
YoY Change -13.91% 138.04% -14.24% -49.41% 124.62% 34.02% 15.11% 241.26% -5.91% 426.67% -4.26% -100.0% -95.29% 45.04% -46.89% 204.9% 477.3% 48.29%
Total Liabilities $275.8M $272.3M $221.4M $158.8M $339.1M $154.2M $114.4M $96.10M $39.90M $33.00M $13.10M $198.3M $219.7M $366.6M $428.0M $406.3M $565.5M $329.7M $611.2M $218.1M $39.40M $24.90M
YoY Change 1.28% 23.0% 39.42% -53.17% 119.91% 34.79% 19.04% 140.85% 20.91% 151.91% -93.39% -9.74% -40.07% -14.35% 5.34% -28.15% 71.52% -46.06% 180.24% 453.55% 58.23%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

No data

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Basic Shares Outstanding 1.799M 3.034M 1.992M 1.176M
Diluted Shares Outstanding 1.799M 252.8K 166.0K
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $35.043 Million

About TOP SHIPS INC.

Top Ships, Inc. is an international owner and operator of tanker vessels. The company is headquartered in Athina, Attiki. The company went IPO on 2004-07-26. The firm owns and operates eco tanker vessels focusing on the transportation of crude oil, petroleum products (clean and dirty), and bulk liquid chemicals. The Company’s fleet consists of 3 product/chemical MR2 tankers of approximately 50,000 deadweight tonnage (dwt) each, namely ECO MARINA DEL REY, ECO YOSEMITE PARK, and ECO JOSHUA PARK; 5 crude oil Suezmax tankers of approximately 157,000 dwt each, namely ECO BEL AIR, ECO BEVERLY HILLS, ECO WEST COAST, ECO MALIBU, and ECO OCEANO CA, as well as 2 crude oil VLCC tankers of approximately 300,000 dwt each, namely JULIUS CAESAR and LEGIO X EQUESTRIS.

Industry: Deep Sea Foreign Transportation of Freight Peers: PETROGRESS, INC GasLog Partners LP Imperial Petroleum Inc./Marshall Islands StealthGas Inc. TSAKOS ENERGY NAVIGATION LTD