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

[email protected] (Simply Wall St)
1 min read

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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