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Last $0.70 USD
Change Today +0.0525 / 8.11%
Volume 34.7K
TEU On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

box ships inc (TEU) Key Developments

Box Ships Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Box Ships Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $11,223,000 compared with $12,528,000 for the same period a year ago. Operating income was $28,000 compared with $1,803,000 for the same period a year ago. Net loss was $1,385,000 or $0.06 per basic and diluted share compared with net income of $675,000 or $0.01 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $5,146,000 compared with $7,887,000 for the same period a year ago. Adjusted net income was $0,000 or $0.02 loss per basic and diluted share compared with $2,334,000 or $0.06 per basic and diluted share for the same period a year ago. For the six months, the company reported net revenues of $22,472,000 compared with $26,718,000 for the same period a year ago. Operating income was $1,160,000 compared with $2,205,000 for the same period a year ago. Net loss was $1,669,000 or $0.09 per basic and diluted share compared with $844,000 or $0.07 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $11,850,000 compared with $13,830,000 for the same period a year ago. Adjusted net income was $1,542,000 or $0.02 per basic and diluted share compared with $2,636,000 or $0.06 per basic and diluted share for the same period a year ago.

Box Ships Inc. to Report Q2, 2015 Results on Aug 17, 2015

Box Ships Inc. announced that they will report Q2, 2015 results at 5:00 PM, GTB Standard Time on Aug 17, 2015

Box Ships Inc., Q2 2015 Earnings Call, Aug 19, 2015

Box Ships Inc., Q2 2015 Earnings Call, Aug 19, 2015

Box Ships Agrees with ABN AMRO Bank N.V. to Extend for a Period of Two Years the Secured Loan Facility

Box Ships Inc. announced that it has agreed with ABN AMRO Bank N.V. to extend for a period of two years the secured loan facility dated June 27, 2012, which was originally scheduled to mature in July 2015. Following this extension, the balloon amount of $10 million is repayable in 8 equal quarterly installments of $250,000 plus a balloon payment of $8.0 million payable together with the final installment in July 2017. Pursuant to this agreement, certain financial covenants and undertakings were amended or waived for the period commencing on June 30, 2015 and ending on June 29, 2016. Also, the Company agreed with the lenders of the syndicated facility with ABN AMRO Bank N.V. dated May 6, 2011, to amend or waive certain financial covenants, undertakings and the security cover ratio of this facility for the period commencing on June 30, 2015 and ending on June 29, 2016. Finally, the Company announced that it has entered into time charter contracts for the vessels BOX CHINA and BOX HONG KONG with Mediterranean Shipping Company S.A. for a period of minimum twelve (12) months to maximum sixteen (16) months. Both charters are expected to commence the latest by mid-July 2015.

Box Ships Inc. Presents at Jefferies 2015 Global Shipping Conference, Jun-17-2015

Box Ships Inc. Presents at Jefferies 2015 Global Shipping Conference, Jun-17-2015 . Venue: The Pierre Hotel, New York, New York, United States.

 

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TEU Competitors

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Company Last Change
Euroseas Ltd $5.37 USD -0.04
Genco Shipping & Trading Ltd $5.51 USD +0.08
Globus Maritime Ltd $1.01 USD 0.00
Goldenport Holdings Inc 131.00 GBp 0.00
Paragon Shipping Inc $0.65 USD 0.00
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TEU

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Valuation TEU Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.1x
Price/Cash Flow 1.3x
TEV/Sales NM Not Meaningful
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