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C3is Inc. (CISS)
NASDAQ:CISS
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
5.77Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 01, 2023
|% Change Since: -56.83%
|Next Earnings Date:Jun 23, 2023
Earnings Call Sentiment|Positive
The earnings call reflected a robust performance in terms of revenue, net income, and fleet expansion, indicating strong operational progress. However, challenges such as increased operating expenses and noncash losses from warrants were noted. Despite these challenges, the overall sentiment leans positive due to significant growth achievements.Company Guidance
During the CISS Q3 2024 earnings call, CEO Dr. Diamantis Andriotis and CFO Nina Pyndiah highlighted a robust financial performance with a 120% increase in revenues, reaching $32.9 million for the first nine months of 2024 compared to the same period in 2023. The Aframax tanker Afrapearl II was a significant contributor, accounting for 77% of total revenues. The company's adjusted EBITDA rose by 92% to $13.5 million, and adjusted net income surged by 106% to $7.7 million. The fleet's net book value increased by 14% due to the addition of the Eco Spitfire handysize dry bulk carrier. The time charter equivalent (TCE) rate increased by 24% to $23,000 per day. Despite significant investments in fleet expansion, including a 234% increase in total fleet capacity, CISS maintained a cash balance of $8 million, with no bank debt, underscoring its disciplined growth strategy.Significant Revenue Growth
For the first 9 months of 2024, the company reported revenues of $32.9 million, an increase of 120% compared to the same period of 2023.
Increased Net Income and EBITDA
Adjusted net income was $7.7 million, an increase of 106% from 2023. Adjusted EBITDA was $13.5 million, a 92% increase from the first 9 months of 2023.
Fleet Expansion
The company increased its total fleet capacity to 213,000 deadweight, a 234% increase since inception, without incurring any bank debt.
Strong TCE Growth
The company's TCE for the 9 months 2024 was $23,000 per day, 24% higher than the rate for 9 months 2023.
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CISS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CISS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | $2.78 | $2.60 | -6.47% |
| Aug 22, 2024 | $3.68 | $3.42 | -7.07% |
| May 28, 2024 | $4.02 | $3.98 | -1.00% |
| Mar 26, 2024 | $8.80 | $12.02 | +36.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does C3is Inc. (CISS) report earnings?
C3is Inc. (CISS) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is C3is Inc. (CISS) earnings time?
C3is Inc. (CISS) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CISS EPS forecast?
Currently, no data Available
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