Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Q1 2022 Earnings Conference Call May 31, 2022 10:00 AM ET
Company Participants
Stamatis Tsantanis - Chairman and CEO
Stavros Gyftakis - Chief Financial Officer
Conference Call Participants
Magnus Fyhr - H. Wainwright
Tate Sullivan - Maxim Group
Poe Fratt - Alliance Global
Operator
Ladies and gentlemen, thank you for standing by. And welcome to Seanergy Maritime Holdings Corp. First Quarter 2022 Financial Call. At this time, all participant are in listen-only mode. After the speaker presentation, there will be a question-and-answer session.
Many of the remarks today contain forward-looking statements based on current expectations. These statements may often be identified with words such as expect, anticipate, believe or similar indications of future expectations.
Although, such forward-looking statements are considered to be reasonable by the company cannot assure you that any forward-looking statements will prove to be correct. These forward-looking statements are subject to known and unknown risks and uncertainties and other factors, many of which are beyond the company’s ability to control or predict.
Please refer to the company’s annual report on Form 20-F and other filings with the Securities and Exchange Commission, which discuss many of these risks and uncertainties. Should one or more of these risks or uncertainties materialize or should underlying assumptions or estimates prove to be incorrect, actual results may vary materially from those the company expresses today.
In light of uncertainties inherent in any forward-looking statements, listeners are cautioned to not place undue reliance on these statements. The company undertakes no obligation to revise or update any forward-looking statements whether as a result of new information or future events.
In the earnings call today, the company may refer to non-GAAP financial measures such as EBITDA, adjusted EBITDA, adjusted net income and TCE rate. For a full reconciliation of the non-GAAP measures to GAAP measures, please see the company’s earnings release posted to the News section of their website earlier today.
I would now like to hand the conference over to your speaker today, Stamatis Tsantanis. Please go ahead.
Stamatis Tsantanis
Hello, everyone, and welcome to our conference call. Today, we are presenting the financial figures for the first quarter of 2022 and we are announcing a cash dividend for a second consecutive quarter.
Following an impressive 2021 performance, Seanergy achieved its strongest first quarter results of its recent history despite the expected seasonal slowdown in the Capesize market. This was attributable to the geopolitical uncertainties caused by the war in Ukraine and the COVID-related lockdowns in China.