Box Ships Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
For the nine months, net revenues were $38,169,000 compared to $52,946,000 for the same period of last year. Operating income was $2,693,000 compared to $18,623,000 for the same period of last year. Net income was $4,805,000 compared to $12,291,000 for the same period of last year. Diluted earnings per share were $0.11 compared to $0.36 for the same period of last year. Adjusted net income was $3,352,000 or $0.06 per diluted share compared to $18,617,000 or $0.65 per diluted share a year ago. Adjusted EBITDA was $20,136,000 compared to $36,257,000 a year ago. Net cash from operating activities was $15,915,000 compared to $30,352,000 a year ago.