C3is Inc. reports Q2 adjusted EPS 63c vs ($12.07) last year

Reports Q2 revenue $10.8M vs $1.7M last year. CEO Dr. Diamantis Andriotis commented: “Following the completion of the first six months of operations for 2024, C3is has reported an Adjusted Net Income of $7.3 million, an adjusted EBITDA of $11.3 million, and an adjusted EPS of $1.68. We have taken delivery of our fourth vessel this year, bringing our total fleet capacity to 213,464 DWT, an increase of 234% from the Company’s inception, a little over a year ago.”