Adjusted EBITDA for third quarter 2011 was $11.9 million, while average daily operating expenses were $5,682 per vessel. The Time Charter equivalent was $18,808 per day. The adjusted net loss of $1.5 million represented $0.02 loss per share basic and diluted, which is above Bloomberg consensus.For the nine months 2011, gross revenue amounted to $78.4 million and net income amounted to $0.4 million. Excluding non-cash items as well as a loss related to an early time Charter termination, our adjusted net income for the nine months 2011 amounted to $2.1 million. Adjusted EBITDA for nine months 2011 was $41 million while average daily operating expenses were $5,478 per vessel.
Star Bulk Carriers' CEO Discusses Q3 2011 Results - Earnings Call Transcript
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