United Maritime Corporation will announce its Q3 financial results on November 26, 2024, prior to market opening.
Quiver AI Summary
United Maritime Corporation announced that it will release its financial results for the third quarter and nine months ending September 30, 2024, on November 26, 2024, before market open in New York. The company operates a fleet of eight dry bulk vessels and is registered in the Marshall Islands, with offices located in Glyfada, Greece. Its shares are traded on the Nasdaq Capital Market under the ticker "USEA." The press release also includes a disclaimer regarding forward-looking statements, emphasizing the uncertainties and risks that could cause actual results to differ from expectations, such as market trends, regulatory changes, operational challenges, and external factors like geopolitical events and pandemics.
Potential Positives
- The scheduled release of financial results for Q3 and nine months ending September 30, 2024, indicates transparency and a commitment to shareholder communication.
- The company's diversification in vessel types within its fleet (Capesize, Kamsarmax, and Panamax) suggests a strategic advantage in tackling varied shipping demands.
- United Maritime Corporation's presence on the Nasdaq Capital Market underlines its credibility and access to capital markets for potential growth opportunities.
- The company's operating fleet's total cargo capacity of 922,072 dwt positions it competitively within the shipping industry, potentially appealing to a broader customer base.
Potential Negatives
- The lack of specific financial metrics in the press release creates uncertainty about the company's current financial condition and prospects.
- The extensive list of forward-looking statements raises concerns about the unpredictability of the company's future performance and the numerous risks associated with its operations.
FAQ
When will United Maritime Corporation release its Q3 financial results?
United Maritime Corporation will release its financial results on November 26, 2024, before the market opens.
What vessels are included in United Maritime Corporation's fleet?
The fleet consists of eight dry bulk vessels: three Capesize, two Kamsarmax, and three Panamax.
Where are United Maritime Corporation's headquarters located?
The company's executive offices are located in Glyfada, Greece.
Which stock exchange does United Maritime Corporation trade on?
United Maritime Corporation's common shares trade on the Nasdaq Capital Market under the symbol "USEA".
How can I access United Maritime Corporation's SEC filings?
You can obtain United Maritime Corporation's SEC filings for free at www.sec.gov.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$USEA Hedge Fund Activity
We have seen 8 institutional investors add shares of $USEA stock to their portfolio, and 2 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA SECURITIES, LLC added 43,554 shares (+inf%) to their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC added 42,869 shares (+44.7%) to their portfolio in Q3 2024
- SQUAREPOINT OPS LLC added 18,084 shares (+inf%) to their portfolio in Q3 2024
- CETERA INVESTMENT ADVISERS added 7,000 shares (+53.1%) to their portfolio in Q3 2024
- BARCLAYS PLC removed 932 shares (-100.0%) from their portfolio in Q2 2024
- NORDWAND ADVISORS, LLC added 400 shares (+inf%) to their portfolio in Q3 2024
- KESTRA ADVISORY SERVICES, LLC added 311 shares (+2.9%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GLYFADA, Greece, Nov. 21, 2024 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it will release its financial results for the third quarter and nine months ended September 30, 2024, prior to the open of the market in New York on Tuesday, November 26, 2024.
About United Maritime Corporation
United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services. The Company’s operating fleet consists of eight dry bulk vessels (three Capesize, two Kamsarmax and three Panamax) with an aggregate cargo carrying capacity of 922,072 dwt.
The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Glyfada, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “USEA”.
Please visit the Company’s website at: www.unitedmaritime.gr .
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as "may", "should", "expects", "intends", "plans", "believes", "anticipates", "hopes", "estimates" and variations of such words and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; the impact of changes in regulatory requirements or actions taken by regulatory authorities on the Company's operating or financial results; the Company's financial condition and liquidity, including its ability to service its indebtedness or to pay dividends; competitive factors in the market in which the Company operates; increased operating costs associated with vessel aging; vessel damage; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; dependence on affiliates of the Company’s former parent and third-party managers to operate the Company’s business; availability of crew, number of off-hire days, classification survey requirements and insurance costs; changes in the Company’s relationships with contract counterparties; potential liability from future litigation and incidents involving the Company’s vessels; broader market impacts arising from war (or threatened war) or international hostilities, such as between Russia and Ukraine or Israel and Palestine; risks associated with the length and severity of pandemics (including COVID-19), including their effects on demand for crude oil, petroleum products, dry bulk products, other types of products and the transportation thereof; and other factors listed from time to time in the Company's filings with the SEC, including its registration statement on Form 20-F. The Company's filings can be obtained free of charge on the SEC's website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
United Investor Relations
Tel: +30 213 0181 522
E-mail: ir@usea.gr
Capital Link, Inc.
Paul Lampoutis
230 Park Avenue Suite 1540
New York, NY 10169
Tel: (212) 661-7566
E-mail: usea@capitallink.com