United Maritime Corporation (USEA) Q3 2023 Earnings Call Transcript


United Maritime Corporation (NASDAQ:USEA) Q3 2023 Results Conference Call November 15, 2023 10:00 AM ET

Company Participants

Stamatios Tsantanis – Chairman and Chief Executive Officer

Stavros Gyftakis – Chief Financial Officer

Conference Call Participants

Tate Sullivan – Maxim Group

Operator

Thank you for standing by ladies and gentlemen. And welcome to the United Maritime Corporation Conference Call on the Third Quarter Ended September 30, 2023, Financial Results. We have with us Mr. Stamatios Tsantanis, Chairman and CEO; and Mrs. Stavros Gyftakis, Chief Financial Officer of United Maritime Corporation.

At this time all participants are in a listen-only mode. There will be a question-and-answer session [Operator Instructions] Please be advised that this conference call is being recorded today Wednesday, November 15, 2023. The archived webcast of the conference call will soon be made available on the United Maritime website, www.unitedmaritime.gr under the investor section.

Many of the remarks today contain forward-looking statements based on current expectations. Actual results may differ materially from the results projected from those forward-looking statements. Additional information concerning factors that can cause the actual results to differ materially from those in the forward-looking statement is contained in the third quarter ended 30, 2023 earnings release, which is available on the United Maritime website again, www.unitedmaritime.gr.

I would now like to turn the conference over to one of your speakers today, the Chairman and CEO of the company, Mr. Stamatios Tsantanis. Please go ahead.

Stamatios Tsantanis

Good afternoon. I would like to welcome everyone to United Maritime earnings conference call, where we are going to discuss our financial performance for the third quarter of 2023, as well as our main corporate and commercial developments.

Starting with some financial highlights, in the third quarter of 2023, we recorded a very strong net profit of $8.9 million or $0.91 per share on a revenue



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