Paragon Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced today its results for the third quarter and nine months ended September 30, 2015.
Net revenue, net of voyage expenses, of $6.4 million in the third quarter of 2015.
Reduced average daily adjusted total vessel operating expenses by 7.4 % year – over - year.
Adjusted EBITDA of negative $2.3 million in the third quarter of 2015.
Adjusted net loss of $8.3 million, or $0.33 per common share, in the third quarter of 2015.
Full version of Paragon Shipping Inc. report is availible on Comnpany's web-site: http://www.paragonship.com/sys/uploads/1269_1453881125_9ac615ebeebed4aca8461f0316be107c_Q315---PRGN-Earnings-Release.pdf