View Future GrowthTop Ships 과거 순이익 실적과거 기준 점검 2/6Top Ships은 연평균 35.6%의 비율로 수입이 증가해 온 반면, Oil and Gas 산업은 수입이 8.9% 증가했습니다. 매출은 연평균 9.2%의 비율로 증가했습니다. Top Ships의 자기자본이익률은 3.5%이고 순이익률은 3.8%입니다.핵심 정보35.58%순이익 성장률76.70%주당순이익(EPS) 성장률Oil and Gas 산업 성장률33.67%매출 성장률9.19%자기자본이익률3.46%순이익률3.84%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Oct 09First half 2025 earnings released: EPS: US$1.64 (vs US$0.42 in 1H 2024)First half 2025 results: EPS: US$1.64 (up from US$0.42 in 1H 2024). Revenue: US$43.8m (up 4.1% from 1H 2024). Net income: US$7.56m (up 290% from 1H 2024). Profit margin: 17% (up from 4.6% in 1H 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 15Full year 2024 earnings released: EPS: US$1.09 (vs US$12.44 loss in FY 2023)Full year 2024 results: EPS: US$1.09 (up from US$12.44 loss in FY 2023). Revenue: US$86.1m (up 3.8% from FY 2023). Net income: US$5.03m (up US$27.4m from FY 2023). Profit margin: 5.8% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.Reported Earnings • Aug 12First half 2024 earnings released: EPS: US$0.42 (vs US$1.54 in 1H 2023)First half 2024 results: EPS: US$0.42 (down from US$1.54 in 1H 2023). Revenue: US$42.1m (up 2.2% from 1H 2023). Net income: US$1.94m (down 15% from 1H 2023). Profit margin: 4.6% (down from 5.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.Reported Earnings • Apr 01Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: US$82.9m (up 2.8% from FY 2022). Net income: US$6.07m (up US$15.3m from FY 2022). Profit margin: 7.3% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US.Reported Earnings • Aug 06First half 2023 earnings: EPS exceeds analyst expectationsFirst half 2023 results: EPS: US$0.13 (up from US$6.15 loss in 1H 2022). Revenue: US$41.1m (up 5.9% from 1H 2022). Net income: US$2.29m (up US$15.4m from 1H 2022). Profit margin: 5.6% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Oil and Gas industry in the US.Reported Earnings • Apr 08Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: US$80.7m (up 43% from FY 2021). Net loss: US$9.19m (down 270% from profit in FY 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • May 12Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to US$1.69, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 14x in the Oil and Gas industry in the US. Total loss to shareholders of 71% over the past three years.New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$12.0m market cap).New Risk • May 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$12.1m market cap).New Risk • Apr 29New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.95m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (US$9.95m market cap). Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin).Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$2.50, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 15x in the Oil and Gas industry in the US. Total loss to shareholders of 59% over the past three years.New Risk • Apr 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (US$14.8m market cap).New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$14.5m market cap).Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$5.40, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 13x in the Oil and Gas industry in the US. Total loss to shareholders of 51% over the past three years.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$4.69, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 13x in the Oil and Gas industry in the US. Total loss to shareholders of 51% over the past three years.공시 • Nov 18Top Ships Inc., Annual General Meeting, Dec 12, 2025Top Ships Inc., Annual General Meeting, Dec 12, 2025. Location: 20 iouliou kaisara str 19002, paiania, athens, greece, United StatesReported Earnings • Oct 09First half 2025 earnings released: EPS: US$1.64 (vs US$0.42 in 1H 2024)First half 2025 results: EPS: US$1.64 (up from US$0.42 in 1H 2024). Revenue: US$43.8m (up 4.1% from 1H 2024). Net income: US$7.56m (up 290% from 1H 2024). Profit margin: 17% (up from 4.6% in 1H 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.Board Change • Aug 15High number of new directorsIndependent Director Maria Zoupou was the last director to join the board, commencing their role in 2025.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 34%After last week's 34% share price gain to US$7.31, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 12x in the Oil and Gas industry in the US. Total loss to shareholders of 95% over the past three years.New Risk • Jun 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$25.4m market cap).Reported Earnings • Apr 15Full year 2024 earnings released: EPS: US$1.09 (vs US$12.44 loss in FY 2023)Full year 2024 results: EPS: US$1.09 (up from US$12.44 loss in FY 2023). Revenue: US$86.1m (up 3.8% from FY 2023). Net income: US$5.03m (up US$27.4m from FY 2023). Profit margin: 5.8% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.New Risk • Feb 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (US$28.9m market cap).공시 • Nov 08Top Ships Inc., Annual General Meeting, Dec 06, 2024Top Ships Inc., Annual General Meeting, Dec 06, 2024. Location: 20 iouliou kaisara str 19002, paiania, athens, greece, United StatesReported Earnings • Aug 12First half 2024 earnings released: EPS: US$0.42 (vs US$1.54 in 1H 2023)First half 2024 results: EPS: US$0.42 (down from US$1.54 in 1H 2023). Revenue: US$42.1m (up 2.2% from 1H 2023). Net income: US$1.94m (down 15% from 1H 2023). Profit margin: 4.6% (down from 5.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.공시 • Apr 24+ 1 more updateTop Ships Inc.(NYSEAM:TOPS) dropped from NASDAQ Composite IndexTop Ships Inc. has been dropped from NASDAQ Composite IndexReported Earnings • Apr 01Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: US$82.9m (up 2.8% from FY 2022). Net income: US$6.07m (up US$15.3m from FY 2022). Profit margin: 7.3% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US.New Risk • Feb 27New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$1.9m sold). Market cap is less than US$100m (US$63.3m market cap).New Risk • Feb 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$61.5m market cap).공시 • Dec 15Top Ships Inc. (NasdaqCM:TOPS) announces an Equity Buyback for $4 million worth of its shares.Top Ships Inc. (NasdaqCM:TOPS) announces a share repurchase program. Under the program, the company will repurchase up to $4 million worth of its outstanding common shares. The program is valid for 3 months.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$12.64, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.Price Target Changed • Nov 30Price target increased by 17% to US$42.00Up from US$36.00, the current price target is provided by 1 analyst. New target price is 249% above last closing price of US$12.05. Stock is down 72% over the past year. The company is forecast to post earnings per share of US$1.23 next year compared to a net loss per share of US$36.34 last year.Recent Insider Transactions • Nov 24Founder recently bought US$444k worth of stockOn the 21st of November, Evangelos Pistiolis bought around 56k shares on-market at roughly US$7.95 per share. This transaction increased Evangelos' direct individual holding by 134x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Evangelos' only on-market trade for the last 12 months.분석 기사 • Nov 16Is Top Ships (NASDAQ:TOPS) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 25%After last week's 25% share price gain to US$7.44, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.New Risk • Nov 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.94m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (474% increase in shares outstanding). Market cap is less than US$10m (US$9.94m market cap).공시 • Nov 01Top Ships Inc., Annual General Meeting, Nov 22, 2023Top Ships Inc., Annual General Meeting, Nov 22, 2023, at 10:00 E. Europe Standard Time. Location: offices of Central Mare Inc., 1 Vas. Sofias & Meg. Alexandrou Str., Maroussi-Athens 151 24, Greece Maroussi - Athen Greece Agenda: To elect two Class I Directors to serve until the 2026 Annual Meeting of Shareholders; to ratify the appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year ending December 31, 2023; to approve one or more amendments to the Company’s Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company’s issued common shares at a ratio of not less than one-for-two and not more than one-for-250 and in the aggregate at a ratio of not more than one-for-250, inclusive, with the Board having the discretion as to whether or not one or more reverse stock splits is to be effected at any time prior to December 31, 2024, with the exact ratio to be set within this range to be determined by the Company’s board of directors or any duly constituted committee thereof, at any time after approval of each amendment in its discretion; and to transact such other business.공시 • Oct 17Top Ships Inc. Announces Compliance with Nasdaq Minimum Bid Price RequirementTOP Ships Inc. announced that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (474% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (US$15.4m market cap).Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 37%After last week's 37% share price gain to US$8.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.분석 기사 • Oct 05Top Ships (NASDAQ:TOPS) Might Have The Makings Of A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...분석 기사 • Aug 11Is Top Ships (NASDAQ:TOPS) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Aug 11The Market Lifts Top Ships Inc. (NASDAQ:TOPS) Shares 26% But It Can Do MoreTop Ships Inc. ( NASDAQ:TOPS ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...New Risk • Aug 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$15.1m market cap).Reported Earnings • Aug 06First half 2023 earnings: EPS exceeds analyst expectationsFirst half 2023 results: EPS: US$0.13 (up from US$6.15 loss in 1H 2022). Revenue: US$41.1m (up 5.9% from 1H 2022). Net income: US$2.29m (up US$15.4m from 1H 2022). Profit margin: 5.6% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Oil and Gas industry in the US.분석 기사 • Jun 28Top Ships (NASDAQ:TOPS) Is Looking To Continue Growing Its Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...Reported Earnings • Apr 08Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: US$80.7m (up 43% from FY 2021). Net loss: US$9.19m (down 270% from profit in FY 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.Reported Earnings • Mar 03Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: US$3.03 loss per share. Revenue: US$80.7m (up 43% from FY 2021). Net income: US$18.9m (up 251% from FY 2021). Profit margin: 24% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 54%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.Major Estimate Revision • Feb 23Consensus EPS estimates fall by 204%The consensus outlook for fiscal year 2022 has been updated. 2022 expected loss increased from -US$2.17 to -US$6.60 per share. Revenue forecast of US$80.8m unchanged since last update. Oil and Gas industry in the US expected to see average net income decline 2.0% next year. Consensus price target of US$2.50 unchanged from last update. Share price fell 8.2% to US$0.80 over the past week.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.분석 기사 • Oct 07The Return Trends At Top Ships (NASDAQ:TOPS) Look PromisingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Seeking Alpha • Oct 06TOP Ships stock dips on termination of ATM equity programTOP Ships (NASDAQ:TOPS) has announced termination of an "at-the-market" equity offering program. It issued a notice to terminate the equity distribution agreement for the sale of its common shares up to an aggregate amount of $19.7M with Maxim Group. The company will make no further sales under the program. Net proceeds from sales under the program amounted to ~$2M. TOPS shares were down 11% shortly before 12.30PM ETSeeking Alpha • Sep 28TOP Ships reports 1H resultsTOP Ships press release (NASDAQ:TOPS): 1H Net Income of $8.6M Revenue of $38.8M (+53.3% Y/Y). Adjusted EBITDA of $26.9M Shares +18% PM.Seeking Alpha • Sep 21TOP Ships gains 17% aftermarket on 1-for-20 reverse stock splitTOP Ships (NASDAQ:TOPS) gained 17% after hours on Wednesday after the firm said it will effect a 1-for-20 reverse stock split. The reverse stock split is expected to take effect, and TOPS shares will begin trading on a split-adjusted basis on Nasdaq Capital Market, as of market open on Sept. 23 under the existing ticker "TOPS". This will reduce the number of outstanding shares from ~56.7M shares to ~2.8M shares. No fractional shares will be issued in connection with the reverse split.분석 기사 • Apr 28Top Ships' (NASDAQ:TOPS) Solid Earnings May Rest On Weak FoundationsTop Ships Inc.'s ( NASDAQ:TOPS ) robust recent earnings didn't do much to move the stock. However the statutory profit...Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Seeking Alpha • Mar 21Shipping Is Hot, Top Ships Is Still A Casino Stock With No ValueGiven the company's history of dilution and penchant for death spiral financing, we caution investors to steer clear of this security. We foolishly believed in the company in the 2014-2015 period until we were blatantly burned. A discussion of Net Asset Value and company fundamentals is irrelevant with a leadership team that benefits from increased scale through commissions, management fees, etc while shareholder dilution continue unabated. In short, fool me once, shame on you; fool me twice, shame on me.Reported Earnings • Mar 16Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: US$56.4m (down 6.4% from FY 2020). Net income: US$8.62m (up US$37.4m from FY 2020). Profit margin: 15% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 47%, compared to a 21% growth forecast for the oil industry in the US.분석 기사 • Jan 25Top Ships' (NASDAQ:TOPS) Returns On Capital Are Heading HigherWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Breakeven Date Change • Dec 31Forecast breakeven date pushed back to 2022The analyst covering Top Ships previously expected the company to break even in 2021. New forecast suggests the company will make a profit of US$27.3m in 2022. Average annual earnings growth of 63% is required to achieve expected profit on schedule.Board Change • Dec 03Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.분석 기사 • Dec 02Here's Why Top Ships (NASDAQ:TOPS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Sep 11First half 2021 earnings released: EPS US$0.019 (vs US$1.09 loss in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$25.3m (down 22% from 1H 2020). Net income: US$767.0k (up US$8.73m from 1H 2020). Profit margin: 3.0% (up from net loss in 1H 2020).분석 기사 • May 08Returns On Capital Are Showing Encouraging Signs At Top Ships (NASDAQ:TOPS)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Apr 26Full year 2020 earnings released: US$1.22 loss per share (vs US$265 loss in FY 2019)The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$60.2m (down 8.9% from FY 2019). Net loss: US$28.8m (loss narrowed 7.1% from FY 2019).Is New 90 Day High Low • Jan 30New 90-day high: US$2.10The company is up 106% from its price of US$1.02 on 30 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 37% over the same period.Is New 90 Day High Low • Jan 13New 90-day high: US$1.72The company is up 48% from its price of US$1.16 on 14 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 39% over the same period.Is New 90 Day High Low • Dec 05New 90-day high: US$1.65The company is up 50% from its price of US$1.10 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 11% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: US$1.07The company is down 68% from its price of US$3.37 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 16% over the same period.매출 및 비용 세부 내역Top Ships가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NYSEAM:TOPS 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Dec 2580311030 Sep 2584710030 Jun 25881110031 Mar 2587810031 Dec 2486510030 Sep 2485-99030 Jun 2484-239031 Mar 2483-239031 Dec 2383-229030 Sep 2383-86030 Jun 238364031 Mar 2382-14031 Dec 2281-94030 Sep 2275-94030 Jun 2270-84031 Mar 2263-24031 Dec 215655030 Sep 2155-75030 Jun 2153-205031 Mar 2157-246031 Dec 2060-298030 Sep 2065-268030 Jun 2069-248031 Mar 2067-276031 Dec 1966-314030 Sep 1959-256030 Jun 1951-209031 Mar 1946-1513031 Dec 1841-1116030 Sep 1841-1315030 Jun 1840-1414031 Mar 1840-1413031 Dec 1739-1312030 Sep 1738-1012030 Jun 1736-611031 Mar 1732-39031 Dec 162806030 Sep 1624-26030 Jun 1620-36031 Mar 1617-67031 Dec 1513-96030 Sep 1510-46030 Jun 158-260양질의 수익: TOPS는 고품질 수익을 보유하고 있습니다.이익 마진 증가: TOPS의 현재 순 이익률 (3.8%)은 지난해 (5.8%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: TOPS는 지난 5년 동안 흑자전환하며 연평균 35.6%의 수익 성장을 기록했습니다.성장 가속화: TOPS은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: TOPS은 지난 1년 동안 수익이 감소(-38.7%)하여 Oil and Gas 업계 평균(-1.7%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: TOPS의 자본 수익률(3.5%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YEnergy 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 07:49종가2026/05/21 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Top Ships Inc.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Glenn LoddenDNB CarnegieTate SullivanMaxim GroupAdam FleckMorningstar Inc.
Reported Earnings • Oct 09First half 2025 earnings released: EPS: US$1.64 (vs US$0.42 in 1H 2024)First half 2025 results: EPS: US$1.64 (up from US$0.42 in 1H 2024). Revenue: US$43.8m (up 4.1% from 1H 2024). Net income: US$7.56m (up 290% from 1H 2024). Profit margin: 17% (up from 4.6% in 1H 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 15Full year 2024 earnings released: EPS: US$1.09 (vs US$12.44 loss in FY 2023)Full year 2024 results: EPS: US$1.09 (up from US$12.44 loss in FY 2023). Revenue: US$86.1m (up 3.8% from FY 2023). Net income: US$5.03m (up US$27.4m from FY 2023). Profit margin: 5.8% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
Reported Earnings • Aug 12First half 2024 earnings released: EPS: US$0.42 (vs US$1.54 in 1H 2023)First half 2024 results: EPS: US$0.42 (down from US$1.54 in 1H 2023). Revenue: US$42.1m (up 2.2% from 1H 2023). Net income: US$1.94m (down 15% from 1H 2023). Profit margin: 4.6% (down from 5.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.
Reported Earnings • Apr 01Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: US$82.9m (up 2.8% from FY 2022). Net income: US$6.07m (up US$15.3m from FY 2022). Profit margin: 7.3% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US.
Reported Earnings • Aug 06First half 2023 earnings: EPS exceeds analyst expectationsFirst half 2023 results: EPS: US$0.13 (up from US$6.15 loss in 1H 2022). Revenue: US$41.1m (up 5.9% from 1H 2022). Net income: US$2.29m (up US$15.4m from 1H 2022). Profit margin: 5.6% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Oil and Gas industry in the US.
Reported Earnings • Apr 08Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: US$80.7m (up 43% from FY 2021). Net loss: US$9.19m (down 270% from profit in FY 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.
Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to US$1.69, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 14x in the Oil and Gas industry in the US. Total loss to shareholders of 71% over the past three years.
New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$12.0m market cap).
New Risk • May 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$12.1m market cap).
New Risk • Apr 29New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.95m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (US$9.95m market cap). Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin).
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to US$2.50, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 15x in the Oil and Gas industry in the US. Total loss to shareholders of 59% over the past three years.
New Risk • Apr 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (US$14.8m market cap).
New Risk • Mar 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$14.5m market cap).
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$5.40, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 13x in the Oil and Gas industry in the US. Total loss to shareholders of 51% over the past three years.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$4.69, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 13x in the Oil and Gas industry in the US. Total loss to shareholders of 51% over the past three years.
공시 • Nov 18Top Ships Inc., Annual General Meeting, Dec 12, 2025Top Ships Inc., Annual General Meeting, Dec 12, 2025. Location: 20 iouliou kaisara str 19002, paiania, athens, greece, United States
Reported Earnings • Oct 09First half 2025 earnings released: EPS: US$1.64 (vs US$0.42 in 1H 2024)First half 2025 results: EPS: US$1.64 (up from US$0.42 in 1H 2024). Revenue: US$43.8m (up 4.1% from 1H 2024). Net income: US$7.56m (up 290% from 1H 2024). Profit margin: 17% (up from 4.6% in 1H 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings.
Board Change • Aug 15High number of new directorsIndependent Director Maria Zoupou was the last director to join the board, commencing their role in 2025.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 34%After last week's 34% share price gain to US$7.31, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 12x in the Oil and Gas industry in the US. Total loss to shareholders of 95% over the past three years.
New Risk • Jun 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$25.4m market cap).
Reported Earnings • Apr 15Full year 2024 earnings released: EPS: US$1.09 (vs US$12.44 loss in FY 2023)Full year 2024 results: EPS: US$1.09 (up from US$12.44 loss in FY 2023). Revenue: US$86.1m (up 3.8% from FY 2023). Net income: US$5.03m (up US$27.4m from FY 2023). Profit margin: 5.8% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
New Risk • Feb 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (US$28.9m market cap).
공시 • Nov 08Top Ships Inc., Annual General Meeting, Dec 06, 2024Top Ships Inc., Annual General Meeting, Dec 06, 2024. Location: 20 iouliou kaisara str 19002, paiania, athens, greece, United States
Reported Earnings • Aug 12First half 2024 earnings released: EPS: US$0.42 (vs US$1.54 in 1H 2023)First half 2024 results: EPS: US$0.42 (down from US$1.54 in 1H 2023). Revenue: US$42.1m (up 2.2% from 1H 2023). Net income: US$1.94m (down 15% from 1H 2023). Profit margin: 4.6% (down from 5.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.
공시 • Apr 24+ 1 more updateTop Ships Inc.(NYSEAM:TOPS) dropped from NASDAQ Composite IndexTop Ships Inc. has been dropped from NASDAQ Composite Index
Reported Earnings • Apr 01Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: US$82.9m (up 2.8% from FY 2022). Net income: US$6.07m (up US$15.3m from FY 2022). Profit margin: 7.3% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US.
New Risk • Feb 27New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$1.9m sold). Market cap is less than US$100m (US$63.3m market cap).
New Risk • Feb 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$61.5m market cap).
공시 • Dec 15Top Ships Inc. (NasdaqCM:TOPS) announces an Equity Buyback for $4 million worth of its shares.Top Ships Inc. (NasdaqCM:TOPS) announces a share repurchase program. Under the program, the company will repurchase up to $4 million worth of its outstanding common shares. The program is valid for 3 months.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$12.64, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.
Price Target Changed • Nov 30Price target increased by 17% to US$42.00Up from US$36.00, the current price target is provided by 1 analyst. New target price is 249% above last closing price of US$12.05. Stock is down 72% over the past year. The company is forecast to post earnings per share of US$1.23 next year compared to a net loss per share of US$36.34 last year.
Recent Insider Transactions • Nov 24Founder recently bought US$444k worth of stockOn the 21st of November, Evangelos Pistiolis bought around 56k shares on-market at roughly US$7.95 per share. This transaction increased Evangelos' direct individual holding by 134x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Evangelos' only on-market trade for the last 12 months.
분석 기사 • Nov 16Is Top Ships (NASDAQ:TOPS) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 25%After last week's 25% share price gain to US$7.44, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.
New Risk • Nov 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.94m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (474% increase in shares outstanding). Market cap is less than US$10m (US$9.94m market cap).
공시 • Nov 01Top Ships Inc., Annual General Meeting, Nov 22, 2023Top Ships Inc., Annual General Meeting, Nov 22, 2023, at 10:00 E. Europe Standard Time. Location: offices of Central Mare Inc., 1 Vas. Sofias & Meg. Alexandrou Str., Maroussi-Athens 151 24, Greece Maroussi - Athen Greece Agenda: To elect two Class I Directors to serve until the 2026 Annual Meeting of Shareholders; to ratify the appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year ending December 31, 2023; to approve one or more amendments to the Company’s Amended and Restated Articles of Incorporation to effect one or more reverse stock splits of the Company’s issued common shares at a ratio of not less than one-for-two and not more than one-for-250 and in the aggregate at a ratio of not more than one-for-250, inclusive, with the Board having the discretion as to whether or not one or more reverse stock splits is to be effected at any time prior to December 31, 2024, with the exact ratio to be set within this range to be determined by the Company’s board of directors or any duly constituted committee thereof, at any time after approval of each amendment in its discretion; and to transact such other business.
공시 • Oct 17Top Ships Inc. Announces Compliance with Nasdaq Minimum Bid Price RequirementTOP Ships Inc. announced that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).
New Risk • Oct 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (474% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (US$15.4m market cap).
Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 37%After last week's 37% share price gain to US$8.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 97% over the past three years.
분석 기사 • Oct 05Top Ships (NASDAQ:TOPS) Might Have The Makings Of A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
분석 기사 • Aug 11Is Top Ships (NASDAQ:TOPS) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Aug 11The Market Lifts Top Ships Inc. (NASDAQ:TOPS) Shares 26% But It Can Do MoreTop Ships Inc. ( NASDAQ:TOPS ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
New Risk • Aug 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$15.1m market cap).
Reported Earnings • Aug 06First half 2023 earnings: EPS exceeds analyst expectationsFirst half 2023 results: EPS: US$0.13 (up from US$6.15 loss in 1H 2022). Revenue: US$41.1m (up 5.9% from 1H 2022). Net income: US$2.29m (up US$15.4m from 1H 2022). Profit margin: 5.6% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.8% decline forecast for the Oil and Gas industry in the US.
분석 기사 • Jun 28Top Ships (NASDAQ:TOPS) Is Looking To Continue Growing Its Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Reported Earnings • Apr 08Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: US$80.7m (up 43% from FY 2021). Net loss: US$9.19m (down 270% from profit in FY 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.
Reported Earnings • Mar 03Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: US$3.03 loss per share. Revenue: US$80.7m (up 43% from FY 2021). Net income: US$18.9m (up 251% from FY 2021). Profit margin: 24% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 54%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Oil and Gas industry in the US.
Major Estimate Revision • Feb 23Consensus EPS estimates fall by 204%The consensus outlook for fiscal year 2022 has been updated. 2022 expected loss increased from -US$2.17 to -US$6.60 per share. Revenue forecast of US$80.8m unchanged since last update. Oil and Gas industry in the US expected to see average net income decline 2.0% next year. Consensus price target of US$2.50 unchanged from last update. Share price fell 8.2% to US$0.80 over the past week.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • Oct 07The Return Trends At Top Ships (NASDAQ:TOPS) Look PromisingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha • Oct 06TOP Ships stock dips on termination of ATM equity programTOP Ships (NASDAQ:TOPS) has announced termination of an "at-the-market" equity offering program. It issued a notice to terminate the equity distribution agreement for the sale of its common shares up to an aggregate amount of $19.7M with Maxim Group. The company will make no further sales under the program. Net proceeds from sales under the program amounted to ~$2M. TOPS shares were down 11% shortly before 12.30PM ET
Seeking Alpha • Sep 28TOP Ships reports 1H resultsTOP Ships press release (NASDAQ:TOPS): 1H Net Income of $8.6M Revenue of $38.8M (+53.3% Y/Y). Adjusted EBITDA of $26.9M Shares +18% PM.
Seeking Alpha • Sep 21TOP Ships gains 17% aftermarket on 1-for-20 reverse stock splitTOP Ships (NASDAQ:TOPS) gained 17% after hours on Wednesday after the firm said it will effect a 1-for-20 reverse stock split. The reverse stock split is expected to take effect, and TOPS shares will begin trading on a split-adjusted basis on Nasdaq Capital Market, as of market open on Sept. 23 under the existing ticker "TOPS". This will reduce the number of outstanding shares from ~56.7M shares to ~2.8M shares. No fractional shares will be issued in connection with the reverse split.
분석 기사 • Apr 28Top Ships' (NASDAQ:TOPS) Solid Earnings May Rest On Weak FoundationsTop Ships Inc.'s ( NASDAQ:TOPS ) robust recent earnings didn't do much to move the stock. However the statutory profit...
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Seeking Alpha • Mar 21Shipping Is Hot, Top Ships Is Still A Casino Stock With No ValueGiven the company's history of dilution and penchant for death spiral financing, we caution investors to steer clear of this security. We foolishly believed in the company in the 2014-2015 period until we were blatantly burned. A discussion of Net Asset Value and company fundamentals is irrelevant with a leadership team that benefits from increased scale through commissions, management fees, etc while shareholder dilution continue unabated. In short, fool me once, shame on you; fool me twice, shame on me.
Reported Earnings • Mar 16Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: US$56.4m (down 6.4% from FY 2020). Net income: US$8.62m (up US$37.4m from FY 2020). Profit margin: 15% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 47%, compared to a 21% growth forecast for the oil industry in the US.
분석 기사 • Jan 25Top Ships' (NASDAQ:TOPS) Returns On Capital Are Heading HigherWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Breakeven Date Change • Dec 31Forecast breakeven date pushed back to 2022The analyst covering Top Ships previously expected the company to break even in 2021. New forecast suggests the company will make a profit of US$27.3m in 2022. Average annual earnings growth of 63% is required to achieve expected profit on schedule.
Board Change • Dec 03Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Chairman of the Board Stavros Emmanuel was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • Dec 02Here's Why Top Ships (NASDAQ:TOPS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Sep 11First half 2021 earnings released: EPS US$0.019 (vs US$1.09 loss in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$25.3m (down 22% from 1H 2020). Net income: US$767.0k (up US$8.73m from 1H 2020). Profit margin: 3.0% (up from net loss in 1H 2020).
분석 기사 • May 08Returns On Capital Are Showing Encouraging Signs At Top Ships (NASDAQ:TOPS)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Apr 26Full year 2020 earnings released: US$1.22 loss per share (vs US$265 loss in FY 2019)The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$60.2m (down 8.9% from FY 2019). Net loss: US$28.8m (loss narrowed 7.1% from FY 2019).
Is New 90 Day High Low • Jan 30New 90-day high: US$2.10The company is up 106% from its price of US$1.02 on 30 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 37% over the same period.
Is New 90 Day High Low • Jan 13New 90-day high: US$1.72The company is up 48% from its price of US$1.16 on 14 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 39% over the same period.
Is New 90 Day High Low • Dec 05New 90-day high: US$1.65The company is up 50% from its price of US$1.10 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 11% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: US$1.07The company is down 68% from its price of US$3.37 on 26 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 16% over the same period.