United Maritime Corp. (USEA) has released an update.
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United Maritime Corp. reported a net loss of $0.9 million for Q3 2024, contrasted with a net income of $8.9 million in Q3 2023, but declared its eighth consecutive quarterly cash dividend of $0.075 per share. Despite a challenging financial quarter, the company maintained strategic fleet enhancements with the acquisition of a 2016-built Kamsarmax vessel and completed significant share buybacks, signaling confidence in its long-term growth strategy. The company also secured $48.3 million in financings to support its strategic initiatives.
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