C3is Inc. reports Q4 adjusted EPS (76c)

Reports Q4 revenue $9.4M vs $13.78M last year. CEO Dr. Diamantis Andriotis commented: “For the year 2024, we reported Revenues of $42.3 million – an increase of 47% from 2023 Revenues of $28.7 million, Voyage Revenues minus Voyage Expenses of $28.2 million – an increase of 34% from 2023, and an adjusted EBITDA of $16.4 million – 11% higher than 2023. We have taken delivery of our fourth vessel this year, bringing our total fleet capacity to 213,464 DWT, an increase of 234% from the Company’s inception over a year ago. We have more than trebled our fleet capacity without incurring any bank debt.”