NATNordic American Tankers Limited

$1B

Q1 2023 Earnings

Industrials Marine Shipping

Income Statement

Revenue

$121M+146.5% YoY

Gross Profit

$60M49.8% margin

Operating Income

$55M45.0% margin

Net Income

$47M38.6% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

+70.8%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

$51M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$863M

Total Liabilities

$307M

Stockholders' Equity

$556M

Cash & Equivalents

$57M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$121M	$49M	+146.5%
Gross Profit	$60M	-$14M	+530.8%
Operating Income	$55M	-$20M	+378.3%
Net Income	$47M	-$27M	+273.8%

NAT Q1 2023 Earnings — Nordic American Tankers Limited Revenue & Financial Results | Market Cap Arena