NAT Q2 2022 Earnings — Nordic American Tankers Limited Revenue & Financial Results | Market Cap Arena

NATNordic American Tankers Limited

$1B

Q2 2022 Earnings

Industrials Marine Shipping

Income Statement

Revenue

$75M+43.0% YoY

Gross Profit

$6M7.4% margin

Operating Income

$2M2.4% margin

Net Income

-$4M-5.3% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+52.1%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$78M

Stock-Based Comp.

$57,000

Balance Sheet

Total Assets

$899M

Total Liabilities

$403M

Stockholders' Equity

$496M

Cash & Equivalents

$36M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$75M	$52M	+43.0%
Gross Profit	$6M	-$18M	+130.2%
Operating Income	$2M	-$22M	+108.2%
Net Income	-$4M	-$29M	+86.2%

Revenue Segments

Spot Charter

$100M81%

Time Charter

$24M19%