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For the fiscal year ended 31 December 2017, FreeSeas Inc revenues decreased from $506K to $0K. Net loss decreased 65% to $7.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Contractual derivative obligation decrease from $5.4M (expense) to $0K, Vessels impairment charge decrease from $4.3M (expense) to $0K.
Period Ending: | Dec 31, 2015 | Jun 30, 2015 | Dec 31, 2014 | Jun 30, 2014 |
---|---|---|---|---|
Total Revenue | 2.3 | 0.77 | 1.53 | 2.24 |
Gross Profit | -4.49 | -3.32 | -4.28 | -8.9 |
Operating Income | -48.41 | -19.07 | -12.27 | 1.87 |
Net Income | -52.95 | -21.83 | -13.26 | 0.57 |
Period Ending: | Dec 31, 2015 | Jun 30, 2015 | Dec 31, 2014 | Jun 30, 2014 |
---|---|---|---|---|
Total Assets | 18.72 | 41.44 | 64.25 | 75.36 |
Total Liabilities | 35.48 | 32.21 | 39.25 | 37.8 |
Total Equity | -16.76 | 9.23 | 25 | 37.56 |
Period Ending: | Dec 31, 2015 | Jun 30, 2015 | Dec 31, 2014 | Jun 30, 2014 |
---|---|---|---|---|
Period Length: | 12 Months | 6 Months | 12 Months | 6 Months |
Cash From Operating Activities | -9.96 | -4.43 | -19.59 | -13.41 |
Cash From Investing Activities | 3.45 | 0.98 | 3.46 | |
Cash From Financing Activities | 6.49 | 3.48 | 12.06 | 2.62 |
Net Change in Cash | -0.03 | 0.03 | -7.54 | -7.33 |
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