Industrials -
Marine Shipping - NASDAQ - GR
$ 1.2
-6.25 %
$ 10.6 M
Market Cap
-3.08
P/E
1. INTRINSIC VALUE
Balance Sheet
United Maritime Corporation
| Current Assets | 6.76 M |
| Cash & Short-Term Investments | 6.76 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 165 M |
| Long-Term Investments | 0 |
| PP&E | 153 M |
| Other Non-Current Assets | 12.3 M |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 112 M |
| Long-Term Debt | 97.7 M |
| Other Non-Current Liabilities | 14.3 M |
EFFICIENCY
Earnings Waterfall
United Maritime Corporation
| Revenue | 45.4 M |
| Cost Of Revenue | 21.5 M |
| Gross Profit | 23.9 M |
| Operating Expenses | 19.1 M |
| Operating Income | 4.82 M |
| Other Expenses | 8.2 M |
| Net Income | -3.38 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
United Maritime Corporation
| Net Income | -3.38 M |
| Depreciation & Amortization | 9.08 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 779 K |
| Change in Working Capital | 0 |
| Others | 2.6 M |
| Free Cash Flow | 0 |
Wall Street Analysts Price Targets
United Maritime Corporation
USEA has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
0.01 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
United Maritime Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
United Maritime Corporation (USEA) Q4 2024 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q4 2024 Earnings Conference Call March 18, 2025 9:00 AM ET Company Participants Stamatios Tsantanis - Chairman and CEO Stavros Gyftakis - CFO Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by, ladies and gentlemen, and welcome to the United Maritime Corporation Conference Call on the fourth quarter and year-end December 31, 2024 financial results. We have with us Mr.
seekingalpha.com
- 1 month ago
United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2024 and Declares Quarterly Cash Dividend of $0.01 Per Share
Highlights (in million USD, except LPS & EPS) Q4 2024 Q4 2023 12M 2024 12M 2023 Net Revenues $10.8 $11.6 $45.4 $36.1 Net (loss) / income ($1.8) ($0.7) ($3.4) $0.2 Adjusted net (loss) / income 1 ($0.7) ($0.6) ($1.2) $2.8 EBITDA1 $4.0 $4.4 $18.1 $16.3 Adjusted EBITDA1 $5.1 $4.6 $20.3 $18.9 (Loss) / Earnings per share Basic ($0.21) ($0.08) ($0.39) $0.02 (Loss) / Earnings per share Diluted ($0.21) ($0.08) ($0.38) $0.02 Adjusted (loss) / earnings per share Basic1 ($0.09) ($0.07) ($0.14) $0.33 Adjusted (loss) / earnings per share Diluted1 ($0.08) ($0.07) ($0.14) $0.33 Other Highlights and Developments: Focus on Shareholder Returns: Declared a quarterly cash dividend of $0.01 per share for Q4 2024, marking the ninth consecutive quarterly distribution. Since November 2022, the Company has declared total cash dividends of $1.61 per share, amounting to $12.8 million, representing a substantial portion of United's market capitalization.
globenewswire.com
- 1 month ago
United Maritime Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2024 and Declares Cash Dividend of $0.075 Per Share
__________________________ 1 Adjusted (loss) / earnings per share, Adjusted Net (loss) / income, EBITDA and Adjusted EBITDA are non-GAAP measures. Please see the reconciliation below of Adjusted (loss) / earnings per share, Adjusted Net (loss) / Income, EBITDA and Adjusted EBITDA to net (loss)/ income, the most directly comparable U.S. GAAP measure.
globenewswire.com
- 4 months ago
United Maritime Announces the Date for the Third Quarter and Nine Months Ended September 30, 2024, Financial Results
Earnings Release: Tuesday, November 26, 2024, Before Market Open in New York Earnings Release: Tuesday, November 26, 2024, Before Market Open in New York
globenewswire.com
- 4 months ago
United Maritime Corporation (USEA) Q2 2024 Earnings Call Transcript
United Maritime Corporation (NASDAQ:USEA ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Stamatios Tsantanis - Chairman and Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by ladies and gentlemen. And welcome to the United Maritime Corporation Conference Call on the Second Quarter and Six Months Ended the 30th of June 2024, Financial Results.
seekingalpha.com
- 8 months ago
United Maritime Announces the Date for the Second Quarter and Six Months Ended June 30, 2024, Financial Results, Conference Call and Webcast
Earnings Release: Tuesday, August 6, 2024, Before Market Open in New York Conference Call and Webcast: Tuesday, August 6, 2024, at 12:00 p.m. Eastern Time
globenewswire.com
- 8 months ago
United Maritime Reports First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend of $0.075 Per Share
Highlights (in million USD except LPS) Q1 2024 Q1 2023 Net Revenues $10.6 $2.8 Net Loss ($1.3) ($4.9) Adjusted Net Loss1 ($1.1) ($3.7) EBITDA1 $3.5 ($2.7) Adjusted EBITDA1 $3.7 ($1.5) Loss per share Basic & Diluted ($0.15) ($0.64) Adjusted Loss per share Basic1 & Diluted1 ($0.13) ($0.48) Other Highlights and Developments: Quarterly cash dividend of $0.075 per share declared for Q1 2024 Total cash dividends of $11.4 million, or $1.45 per share, declared since November 2022, representing approximately 46% of United's market capitalization 2 Agreement to acquire a 2016-built Japanese Kamsarmax 3 Agreement to sell a 2010-built Chinese Kamsarmax at a profit A new $18.0 million sale and leaseback arrangement – aggregate financings of $31.8 million year-to-date GLYFADA, Greece, May 24, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the first quarter ended March 31, 2024 and declared a quarterly dividend of $0.075 per share for the first quarter of 2024. For the quarter ended March 31, 2024, the Company generated Net Revenues of $10.6 million compared to $2.8 million in the first quarter of 2023.
globenewswire.com
- 10 months ago
United Maritime Announces the Date for the First Quarter Ended March 31, 2024, Financial Results
Earnings Release: Friday, May 24, 2024, Before Market Open in New York Earnings Release: Friday, May 24, 2024, Before Market Open in New York
globenewswire.com
- 11 months ago
Seanergy Maritime (NASDAQ: SHIP) And United Maritime (NASDAQ: USEA) Provide Financial Update To Shareholders
GLYFADA, GREECE / ACCESSWIRE / April 9, 2024 / Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), a leading player in the global shipping industry, reported a fourth-quarter net profit of $10.8 million, a significant increase from $0.5 million in the previous year. The company's revenue also grew to $39.4 million compared to $28.5 million for the same quarter last year.
accesswire.com
- 1 year ago
United Maritime Announces Availability of its 2023 Annual Report on Form 20-F
GLYFADA, Greece, April 03, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the “Annual Report”) has been filed with U.S. Securities and Exchange Commission. The Annual Report may also be accessed through United's website, www.unitedmaritime.gr, at the “Investors” section under “Annual Reports”.
globenewswire.com
- 1 year ago
United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript
United Maritime Corporation (USEA) Q4 2023 Earnings Call Transcript
seekingalpha.com
- 1 year ago
United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per Share
Highlights Quarterly Full Year (in million USD except EPS) Q4 2023 Q4 2022 FY 2023 FY 2022 1 Net Revenues $11.6 $14.9 $36.1 $22.8 Net (Loss) / Income ($0.7) $36.5 $0.2 $37.5 Adjusted Net (Loss) / Income2 ($0.6) $39.8 $2.8 $40.9 EBITDA2 $4.4 $38.9 $16.3 $41.8 Adjusted EBITDA2 $4.6 $42.3 $18.9 $45.2 (Loss) / Earnings per Share (EPS) Basic ($0.08) $4.86 $0.02 $7.79 (Loss) / Earnings per Share (EPS) Diluted ($0.08) $3.55 $0.02 $4.92 Adjusted (Loss) / Earnings per share Basic2 ($0.07) $5.36 $0.33 $8.54 Adjusted (Loss) / Earnings per share Diluted2 ($0.07) $3.90 $0.33 $5.39 Other Highlights and Developments: Quarterly cash dividend of $0.075 per share declared for Q4 2023, an 11% annualized dividend yield 3 Total cash dividends of $10.7 million, or $1.375 per share, declared since November 2022 representing approximately 45% of United's market capitalization 3 Total buybacks of approximately $6.7 million in common shares at an average price of $1.87 per share since Q3 2022 Total investments of $144 million 4 in 2023 for the acquisition of seven dry bulk vessels and $37.5 million proceeds from the sale of our last tanker vessel $30.0 million in refinancings completed in Q4 2023 adding $6.8 million in extra liquidity, with another $13.8 million sale and leaseback agreed in Q1 2024 Agreement to acquire a modern Japanese Kamsarmax, through an 18-month bareboat charter with purchase option GLYFADA, Greece, Feb. 20, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (“United” or the “Company”) (NASDAQ: USEA), announced today its financial results for the fourth quarter and twelve months ended December 31, 2023. The Company also declared a quarterly cash dividend of $0.075 per common share for the fourth quarter of 2023.
globenewswire.com
- 1 year ago
8. Profile
Summary
United Maritime Corporation USEA
COUNTRY
GR
INDUSTRY
Marine Shipping
MARKET CAP
$ 10.6 M
Dividend Yield
0.00%
Description
United Maritime Corporation, a shipping company, provides seaborne transportation services worldwide. It owns one Capesize dry bulk vessel having a carrying capacity of 171,314 deadweight tons. The company was incorporated in 2022 and is based in Glyfada, Greece. United Maritime Corporation operates independently of Seanergy Maritime Holdings Corp. as of July 5, 2022.
Contact
154 Vouliagmenis Avenue, Glyfada, 166 74
https://www.unitedmaritime.gr
IPO
Date
July 6, 2022
Employees
5
Officers
Mr. Stavros Gyftakis
Chief Financial Officer & Director
Ms. Theodora Mitropetrou
General Counsel & Corporate Secretary
Mr. Stamatios Tsantanis
Chairman & Chief Executive Officer