Financial Snapshot

Revenue
$46.16M
TTM
Gross Margin
51.63%
TTM
Net Earnings
-$2.288M
TTM
Current Assets
$11.41M
Q3 2024
Current Liabilities
Current Ratio
Total Assets
$179.5M
Q3 2024
Total Liabilities
$117.1M
Q3 2024
Book Value
$62.47M
Q3 2024
Cash
$11.41M
Q3 2024
P/E
-7.422
Nov 29, 2024 EST
Free Cash Flow
$2.334M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $36.07M $22.78M $7.395M $4.124M $6.885M
YoY Change 58.3% 208.09% 79.32% -40.1%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $36.07M $22.78M $7.395M $4.124M $6.885M
Cost Of Revenue $23.45M $10.42M $2.451M $2.106M $4.654M
Gross Profit $12.62M $12.36M $4.944M $2.018M $2.231M
Gross Profit Margin 35.0% 54.25% 66.85% 48.92% 32.4%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $7.984M $6.050M $955.7K $640.5K $649.8K
YoY Change 31.97% 533.08% 49.21% -1.44%
% of Gross Profit 63.25% 48.95% 19.33% 31.74% 29.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.363M $1.903M $756.8K $758.8K $755.0K
YoY Change 392.01% 151.46% -0.27% 0.5%
% of Gross Profit 74.18% 15.4% 15.31% 37.61% 33.85%
Operating Expenses $17.35M $7.953M $2.029M $1.717M $1.641M
YoY Change 118.12% 291.99% 18.19% 4.64%
Operating Profit -$4.725M $4.407M $2.915M $301.0K $590.2K
YoY Change -207.22% 51.18% 868.56% -49.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$6.641M -$2.413M -$622.3K -$584.7K -$714.9K
YoY Change 175.22% 287.78% 6.42% -18.22%
% of Operating Profit -54.75% -21.35% -194.27% -121.13%
Other Income/Expense, Net -$132.0K -$6.000K -$122.6K -$115.6K -$150.9K
YoY Change 2100.0% -95.11% 6.05% -23.37%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $221.0K $37.49M $2.170M $1.091M -$275.7K
YoY Change -99.41% 1627.43% 98.88% -495.87%
Income Tax
% Of Pretax Income
Net Earnings $126.0K $35.09M $2.170M $1.091M -$275.7K
YoY Change -99.64% 1516.67% 98.88% -495.87%
Net Earnings / Revenue 0.35% 153.99% 29.35% 26.46% -4.0%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share $0.02 $4.81 $1.436M $722.1K -$182.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $14.50M $69.93M $765.5K $406.0K
YoY Change -79.26% 9035.71% 88.54%
Cash & Equivalents $14.50M $69.93M $765.5K $406.0K
Short-Term Investments
Other Short-Term Assets $4.231M $4.196M $59.46K $47.33K
YoY Change 0.83% 6956.84% 25.63%
Inventory $664.0K $107.0K $99.33K $54.14K
Prepaid Expenses
Receivables $252.0K $779.0K $70.00K $0.00
Other Receivables $142.0K $0.00 $0.00 $0.00
Total Short-Term Assets $14.50M $69.93M $994.3K $507.5K
YoY Change -79.26% 6933.5% 95.93%
Property, Plant & Equipment $152.5M $50.20M $12.28M $13.04M
YoY Change 203.84% 308.78% -5.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.779M $5.524M $155.6K $399.7K
YoY Change 40.82% 3451.27% -61.08%
Total Long-Term Assets $160.3M $55.72M $12.44M $13.44M
YoY Change 187.68% 348.08% -7.45%
Total Assets $174.8M $125.7M $13.43M $13.94M
YoY Change
Accounts Payable $3.308M $3.018M $268.4K $118.3K
YoY Change 9.61% 1024.32% 126.93%
Accrued Expenses $8.045M $5.495M $309.6K $206.8K
YoY Change 46.41% 1674.81% 49.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $40.11M $7.473M $1.177M $704.9K
YoY Change 436.75% 534.88% 66.99%
Total Short-Term Liabilities $53.09M $25.22M $2.081M $1.153M
YoY Change 110.56% 1111.39% 80.5%
Long-Term Debt $95.95M $42.61M $4.204M $5.381M
YoY Change 125.21% 913.54% -21.88%
Other Long-Term Liabilities $12.98M $18.48M $104.6K $98.39K
YoY Change -29.75% 17576.71% 6.26%
Total Long-Term Liabilities $108.9M $61.09M $4.308M $5.479M
YoY Change 78.33% 1317.92% -21.37%
Total Liabilities $108.9M $61.09M $6.390M $6.632M
YoY Change 78.33% 856.02% -3.66%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 8.359M
Diluted Shares Outstanding 8.359M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $16.981 Million

About United Maritime Corp

United Maritime Corp. engages in worldwide seaborne transportation of bulk commodities. The company is headquartered in Athina, Attiki. The company went IPO on 2022-07-06. The company operates a diversified fleet of seven dry bulk vessels: three Capesize, two Kamsarmax, and three Panamax vessels, with a total cargo-carrying capacity of approximately 839,837 deadweight tons (dwt). The portfolio includes such vessels as M/V Gloriuship, M/V Goodship, M/V Tradership, M/V Cretansea, M/V Chrisea, as well as M/V Synthesea and M/V Exelixsea. United Maritime Corp’s portfolio of wholly-owned subsidiaries includes Sea Glorius Shipping Co, Minoansea Maritime Co, Good Maritime Co, as well as United Management Corp and Parosea Shipping Co.

Industry: Water Transportation Peers: Performance Shipping Inc. EuroDry Ltd. GLOBUS MARITIME LTD OceanPal Inc. Pyxis Tankers Inc. Star Bulk Carriers Corp.