NAT Q1 2024 Earnings — Nordic American Tankers Limited Revenue & Financial Results | Market Cap Arena

NATNordic American Tankers Limited

$1B

Q1 2024 Earnings

Industrials Marine Shipping

Income Statement

Revenue

$95M-21.5% YoY

Gross Profit

$31M32.4% margin

Operating Income

$23M24.2% margin

Net Income

$15M15.8% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+60.8%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$37M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$870M

Total Liabilities

$341M

Stockholders' Equity

$529M

Cash & Equivalents

$50M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$95M	$121M	-21.5%
Gross Profit	$31M	$60M	-48.8%
Operating Income	$23M	$55M	-57.8%
Net Income	$15M	$47M	-67.9%