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An update from C3is Inc. ( (CISS) ) is now available.
On November 18, 2025, C3is Inc. announced its unaudited financial and operating results for the third quarter and nine months ending September 30, 2025. The company reported a net income of $2.7 million for the third quarter, despite a 33% decrease in daily time charter equivalent (TCE) rates compared to the previous year. The Aframax tanker underwent drydocking in August 2025, impacting fleet operational utilization, which stood at 67.7%. The company successfully met its capital expenditure commitments without bank loans, indicating strong financial management. However, revenues decreased to $4.8 million from $9.3 million in the same period of 2024, primarily due to commercially idle days and drydocking activities.
Spark’s Take on CISS Stock
According to Spark, TipRanks’ AI Analyst, CISS is a Outperform.
C3is Inc. benefits from strong revenue growth, a robust balance sheet, and attractive valuation metrics. However, recent profitability challenges and bearish technical indicators present risks. The earnings call further highlights both growth opportunities and potential operational challenges.
To see Spark’s full report on CISS stock, click here.
More about C3is Inc.
C3is Inc. is a ship-owning company based in Athens, Greece, specializing in drybulk 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.
Average Trading Volume: 1,860,514
Technical Sentiment Signal: Sell
Current Market Cap: $4.26M
For detailed information about CISS stock, go to TipRanks’ Stock Analysis page.