a result of calculating revenue on a loading to discharge basis, compared to 164 days lost for the first quarter of 2023. (ii) Vessel overhead costs are General & Administrative expenses, which also include Management fees, Stock compensation expense and Management incentive award. (iii) Operating expenses per ship per day which exclude Management fees, General & Administrative expenses, Stock compensation expense and Management incentive award. (iv) Adjusted EBITDA. See above for reconciliation to net income. Non-GAAP financial measures should be viewed in addition to and not as an alternative for, the Company's reported results prepared in accordance with GAAP. The Company does not incur corporation tax.
(END) Dow Jones Newswires
June 20, 2024 08:55 ET (12:55 GMT)
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