Box Ships Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company reported net revenues were $26,718,000 against $35,064,000 a year ago. Operating income was $2,205,000 against $11,673,000 a year ago. Net loss was $844,000 against net income of $7,449,000 a year ago. Diluted loss per share was $0.07 against $0.26 earnings per share a year ago. EBITDA was $10,350,000 against $19,220,000 a year ago. Adjusted EBITDA was $13,830,000 against $23,347,000 a year ago. Adjusted net income was $2,636,000 or $0.06 diluted per share against $11,576,000 or $0.40 diluted per share a year ago. Net cash from operating activities was $9,284,000 against $20,035,000 a year ago.