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C3is Inc. (CISS)
NASDAQ:CISS
Earnings Data
Report Date
Jun 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)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:Mar 11, 2025
|% Change Since: -11.87%
|Next Earnings Date:Jun 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented robust revenue growth and fleet expansion without incurring bank debt, indicating solid financial management. However, challenges such as decreased daily time charter rates, increased expenses, and a net income decrease balanced the positive aspects.Company Guidance
During the C3is Fourth Quarter Earnings Conference Call, the company provided guidance highlighting several key metrics. For the fiscal year 2024, C3is reported revenues of $42.3 million, marking a 47% increase from 2023. The Aframax tanker, Afrapearl II, was a major contributor, accounting for 76% of total revenues. The company's net revenues were $28 million, up by 33% compared to the previous year, while the adjusted EBITDA rose by 11% to $16.4 million. Despite a 10% decrease in Time Charter Equivalent (TCE) rates to $21,000 per day, the company maintained a strong financial position with a cash balance of $12.6 million by year-end, a 39% increase from 2023. Capital expenditures amounted to $41 million, including $39.5 million for Afrapearl II and a 10% down payment of $1.62 million on the Eco Spitfire bulk carrier. The company operates a fleet of four vessels with a total capacity of 213,000 deadweight tons, reflecting a growth of 234% since its inception. Despite geopolitical challenges and market fluctuations, C3is remains optimistic about future growth and profitability, particularly with potential favorable U.S. policies under the Trump administration.Significant Revenue Growth
Revenues for 2024 increased by 47% to $42.3 million compared to 2023, with net revenues growing by 33%.
Fleet Expansion
Added the Eco Spitfire Handysize drybulk carrier, increasing fleet capacity by 234% since company's inception, without incurring bank debt.
Strong Cash Balance
Cash balance at the end of Q4 2024 was $12.6 million, a 39% increase from year-end 2023, despite significant CapEx payments.
Positive Adjusted EBITDA
Adjusted EBITDA increased by 11% to $16.4 million from 2023.
No Bank Debt
The company maintained no bank debt while expanding its fleet.
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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 |
|---|---|---|---|
| Mar 11, 2025 | $4.38 | $4.32 | -1.37% |
| Nov 18, 2024 | $16.65 | $15.60 | -6.31% |
| Aug 22, 2024 | $22.05 | $20.55 | -6.80% |
| May 28, 2024 | $24.15 | $23.85 | -1.24% |
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 Jun 20, 2025, TBA Not Confirmed.
What is C3is Inc. (CISS) earnings time?
C3is Inc. (CISS) earnings time is at Jun 20, 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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