Pyxis Tankers Reports GAAP EPS of $0.26 with Revenue of $11.1M

November 21, 2023

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The company reported a GAAP earnings per share of $0.26 and total revenue of $11.1 million. Pyxis Tankers ($NASDAQ:PXS) is a leading global provider of integrated marine transportation services focused on transporting petroleum products and dry bulk commodities. The company operates a fleet of tankers, ranging in size from Handysizes up to VLCCs, which are capable of carrying a variety of cargoes to customers around the world. Pyxis Tankers has established a strong presence in the global tanker market, with its fleet providing efficient and reliable services to its customers.

The company also operates an extensive network of shipyards and repair facilities located in strategic ports around the world, which provides it with an efficient service for its fleet and customers. With its strong presence in the tanker market, Pyxis Tankers has consistently delivered strong financial results despite challenging market conditions.

Earnings

PYXIS TANKERS reported GAAP EPS of $0.26 with revenue of $11.1M in their FY2023 Q2 ending June 30 2021. The company’s total revenue earned was 4.99M USD, with a net income loss of 1.44M USD, resulting in a 68.9% decrease in total revenue and a 130.1% decrease in net income compared to the previous year. Despite the considerable decline, PYXIS TANKERS has seen growth in the last 3 years, with total revenue reaching from 4.99M USD to 9.51M USD.

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Pyxis Tankers. More…

    Total Revenues Net Income Net Margin
    56.5 23.05 33.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Pyxis Tankers. More…

    Operations Investing Financing
    19.77 24.26 -15.83
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Pyxis Tankers. More…

    Total Assets Total Liabilities Book Value Per Share
    136.72 63.93 6.77
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Pyxis Tankers are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    28.4% 150.3% 51.4%
    FCF Margin ROE ROA
    34.9% 25.4% 13.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Share Price

    The stock opened at $4.0 and closed at $4.2, representing a closing price of 5.8% higher than the prior closing price of $4.0. This marks a positive gain for the company, suggesting that shareholders and investors remain optimistic about PYXIS TANKERS‘ performance. The revenue and earnings reported by the company demonstrate its current strength and are likely to inspire confidence in the company’s future prospects. Live Quote…

    Analysis

    At GoodWhale, we’ve taken a deeper look into PYXIS TANKERS‘s fundamentals and have found that the company is strong in terms of growth potential and medium in terms of asset, profitability and dividend. Our Star Chart assessment shows that PYXIS TANKERS has an intermediate health score of 6/10, indicating that it is likely to be able to pay off debt and fund future operations. Upon further analysis, we concluded that PYXIS TANKERS is classified as ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given its strong growth potential and competitive advantage, PYXIS TANKERS may be attractive to investors seeking investments that can generate steady returns in the long run. It may also be of interest to investors looking to diversify their portfolio with companies with a reliable track record of growth. More…

  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The shipping industry has seen a fierce competition among major competitors in recent years, with Pyxis Tankers Inc leading the way as one of the key players. As the company expands its operations, it has seen a rise in competition from other leading shipping corporations such as TOP Ships Inc, Ardmore Shipping Corp and Seanergy Maritime Holdings Corp. The competition between these companies is set to remain a critical aspect of the shipping industry for years to come.

    – TOP Ships Inc ($NASDAQ:TOPS)

    TOP Ships Inc is a global shipping company that specializes in the transport of petroleum and chemical products by sea. The company has a market capitalization of 14.94M as of 2023, which indicates that it is relatively small in comparison to its competitors. Its Return on Equity (ROE) of 10.73% indicates that the company has been able to generate a solid return on its shareholder investments, suggesting that it has managed to efficiently manage its assets and grow profits over the last year. TOP Ships’ strong focus on customer service and high-quality vessels makes it a leader in the shipping industry.

    – Ardmore Shipping Corp ($NYSE:ASC)

    Ardmore Shipping Corp is a global provider of seaborne transportation services. Founded in 2010, Ardmore Shipping Corp is headquartered in Dublin, Ireland and is dedicated to providing safe and reliable shipping services to customers in the energy and chemical sectors. As of 2023, Ardmore Shipping Corp has a market cap of 523.03M and a Return on Equity of 24.89%. A market cap is a measure of the total value of all of a company’s outstanding shares, while Return on Equity (ROE) is a measure of how well a company can generate returns for shareholders using its equity capital. Ardmore Shipping Corp has been able to maintain a strong market cap and ROE, signifying the company’s success in the transportation sector.

    – Seanergy Maritime Holdings Corp ($NASDAQ:SHIP)

    Seanergy Maritime Holdings Corp is a global shipping company, providing marine transportation services of dry bulk cargoes through the ownership and operation of dry bulk vessels. The company has a market capitalization of 99.06M as of 2023. This represents the total value of all its outstanding shares. Additionally, the company has an impressive Return on Equity (ROE) of 8.35%. This indicates that Seanergy Maritime Holdings Corp is able to generate a solid return from its shareholders’ investments in the form of dividends or stock buybacks. This is a positive sign for potential investors interested in the company’s future prospects.

    Summary

    Pyxis Tankers Inc. (NASDAQ: PXS) is a publicly traded shipping company that reported a strong quarter in its most recent earnings report. The company posted GAAP earnings per share (EPS) of $0.26 and revenue of $11.1 million. On the news, the stock price moved up the same day. From an investing perspective, Pyxis Tankers seems to be a strong investment opportunity.

    This indicates investor confidence in the company’s current operations and long-term outlook. The company’s dividend yield is also higher than most peers in the industry, offering additional incentive for investors. Pyxis Tankers has developed a strong presence in the shipping industry, making it an attractive choice for investors looking for growth potential.

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