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Top Ships pops nearly 50% following 2016 earnings

Feb. 17, 2017 9:46 AM ETTop Ships Inc. (TOPS) StockTOPSBy: Carl Surran, SA News Editor1 Comment
  • Top Ships (TOPS +48%) opens nearly 50% higher after disclosing unaudited FY 2016 financial results, highlighted by strong growth in revenue and a narrower loss.
  • TOPS says it finished the year with a $0.09 loss vs. a $4.21 in the previous year, adjusted EBITDA of $16.2M and revenues up 117% Y/Y to $28.4M.
  • TOPS, which provides seaborne transportation services worldwide, has 4.65M shares outstanding and a $28M market cap.

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