OceanPal Second Quarter 2024 Earnings: US$1.16 loss per share (vs US$0.28 profit in 2Q 2023)

In This Article:

OceanPal (NASDAQ:OP) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$6.74m (up 25% from 2Q 2023).

  • Net loss: US$8.62m (down from US$496.0k profit in 2Q 2023).

  • US$1.16 loss per share (down from US$0.28 profit in 2Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

OceanPal shares are up 10% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for OceanPal (2 are concerning!) that you need to be mindful of.

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