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An announcement from C3is Inc. ( (CISS) ) is now available.
C3is Inc. announced its unaudited financial results for the fourth quarter and full year of 2024, showing a decrease in revenues and net income compared to the previous year. The company reported a net income of $0.1 million for the fourth quarter and a net loss of $2.7 million for the year, with a notable decrease in adjusted net income by 81% for the quarter. Despite these challenges, the company maintained a strong cash balance and completed significant vessel acquisitions, indicating ongoing strategic investments in its fleet.
More about C3is Inc.
C3is Inc. is a ship-owning company that provides dry bulk and tanker seaborne transportation services. The company operates handysize dry bulk carriers on short-term time charters and an Aframax tanker in the spot market, focusing on generating steady cash flows and achieving competitive voyage charter rates.
YTD Price Performance: -49.65%
Average Trading Volume: 123,346
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.05M
See more data about CISS stock on TipRanks’ Stock Analysis page.
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