OP: Oceanpal Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Oceanpal Inc (OP).
$8.64M Market Cap.
OP Market Cap. (MRY)
OP Shares Outstanding (MRY)
OP Assets (MRY)
Total Assets
$89.46M
Total Liabilities
$5.09M
Total Investments
$2.97M
OP Income (MRY)
Revenue
$25.70M
Net Income
-$17.86M
Operating Expense
$27.55M
OP Cash Flow (MRY)
CF Operations
-$3.53M
CF Investing
-$2.52M
CF Financing
-$1.64M
OP Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $89,462,000 (-5.68%) | $94,845,000 (20.03%) | $79,018,000 (61.00%) | $49,080,000 (31.98%) |
Assets Current | $14,112,000 (-29.59%) | $20,044,000 (41.44%) | $14,171,000 (342.84%) | $3,200,000 (-24.48%) |
Assets Non-Current | $75,350,000 (0.73%) | $74,801,000 (15.35%) | $64,847,000 (41.34%) | $45,880,000 (39.24%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $84,370,000 (-8.85%) | $92,559,000 (20.90%) | $76,559,000 (59.00%) | $48,149,000 (36.39%) |
Property Plant & Equipment Net | $71,263,000 (0.23%) | $71,100,000 (11.67%) | $63,672,000 (39.24%) | $45,728,000 (41.80%) |
Cash & Equivalents | $7,160,000 (-51.76%) | $14,841,000 (75.55%) | $8,454,000 (405.32%) | $1,673,000 (4120.70%) |
Accumulated Other Comprehensive Income | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $184,000 (-53.88%) | $399,000 (6.68%) | $374,000 (64.04%) | $228,000 (0%) |
Total Investments | $2,970,000 (80.55%) | $1,645,000 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $2,970,000 (80.55%) | $1,645,000 (0%) | $0 (0%) | $0 (0%) |
Inventory | $1,598,000 (456.79%) | $287,000 (-14.07%) | $334,000 (79.57%) | $186,000 (2.21%) |
Trade & Non-Trade Receivables | $3,064,000 (3.41%) | $2,963,000 (-30.32%) | $4,252,000 (424.29%) | $811,000 (-21.65%) |
Trade & Non-Trade Payables | $1,853,000 (357.53%) | $405,000 (44.13%) | $281,000 (6.84%) | $263,000 (96.91%) |
Accumulated Retained Earnings (Deficit) | -$25,908,000 (-223.04%) | -$8,020,000 (-245.54%) | -$2,321,000 (-3670.77%) | $65,000 (100.06%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Debt Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Debt Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Liabilities | $5,092,000 (122.75%) | $2,286,000 (-7.04%) | $2,459,000 (164.12%) | $931,000 (-50.65%) |
Liabilities Current | $5,092,000 (122.75%) | $2,286,000 (-7.04%) | $2,459,000 (164.12%) | $931,000 (-50.65%) |
Liabilities Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
OP Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $25,702,000 (35.58%) | $18,957,000 (-0.67%) | $19,085,000 (1330.66%) | $1,334,000 (-85.82%) |
Cost of Revenue | $16,196,000 (31.02%) | $12,361,000 (17.05%) | $10,560,000 (2450.72%) | $414,000 (-95.63%) |
Selling General & Administrative Expense | $7,555,000 (15.93%) | $6,517,000 (64.53%) | $3,961,000 (816.90%) | $432,000 (-78.62%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $27,551,000 (92.42%) | $14,318,000 (61.77%) | $8,851,000 (1026.08%) | $786,000 (-80.21%) |
Interest Expense | $109,000 (-88.01%) | $909,000 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$17,862,000 (-803.49%) | -$1,977,000 (-506.44%) | -$326,000 (-343.28%) | $134,000 (103.53%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$17,862,000 (-803.49%) | -$1,977,000 (-506.44%) | -$326,000 (-343.28%) | $134,000 (103.53%) |
Preferred Dividends Income Statement Impact | $1,867,000 (-60.53%) | $4,730,000 (101.45%) | $2,348,000 (3302.90%) | $69,000 (0%) |
Net Income Common Stock | -$19,729,000 (-194.16%) | -$6,707,000 (-150.82%) | -$2,674,000 (-4213.85%) | $65,000 (101.71%) |
Weighted Average Shares | $298,605 (125.16%) | $132,621 (2030.12%) | $6,226 (252.95%) | $1,764 (0.00%) |
Weighted Average Shares Diluted | $298,605 (121.37%) | $134,888 (2066.53%) | $6,226 (153.60%) | $2,455 |
Earning Before Interest & Taxes (EBIT) | -$17,753,000 (-1562.27%) | -$1,068,000 (-227.61%) | -$326,000 (-343.28%) | $134,000 (103.53%) |
Gross Profit | $9,506,000 (44.12%) | $6,596,000 (-22.63%) | $8,525,000 (826.63%) | $920,000 (1513.23%) |
Operating Income | -$18,045,000 (-133.68%) | -$7,722,000 (-2268.71%) | -$326,000 (-343.28%) | $134,000 (103.32%) |
OP Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$2,515,000 (58.16%) | -$6,011,000 (-18.00%) | -$5,094,000 (-12028.57%) | -$42,000 (97.15%) |
Net Cash Flow from Financing | -$1,636,000 (-114.12%) | $11,583,000 (11.78%) | $10,362,000 (936.20%) | $1,000,000 (-76.39%) |
Net Cash Flow from Operations | -$3,530,000 (-533.13%) | $815,000 (-46.13%) | $1,513,000 (111.61%) | $715,000 (126.26%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$7,681,000 (-220.26%) | $6,387,000 (-5.81%) | $6,781,000 (305.32%) | $1,673,000 (4334.96%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$1,375,000 (16.31%) | -$1,643,000 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$1,140,000 (73.90%) | -$4,368,000 (14.25%) | -$5,094,000 (-12028.57%) | -$42,000 (97.15%) |
Issuance (Repayment) of Debt Securities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $13,637,000 (-5.03%) | $14,360,000 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | -$3,101,000 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $2,776,000 (46.65%) | $1,893,000 (233.27%) | $568,000 (0%) | $0 (0%) |
Depreciation Amortization & Accretion | $7,198,000 (-6.15%) | $7,670,000 (56.66%) | $4,896,000 (1283.05%) | $354,000 (-83.55%) |
OP Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 37.00% (6.32%) | 34.80% (-22.15%) | 44.70% (-35.22%) | 69.00% (9957.14%) |
Profit Margin | -76.80% (-116.95%) | -35.40% (-152.86%) | -14.00% (-385.71%) | 4.90% (112.16%) |
EBITDA Margin | -41.10% (-218.10%) | 34.80% (45.61%) | 23.90% (-34.70%) | 36.60% (309.14%) |
Return on Average Equity (ROAE) | -22.40% (-211.11%) | -7.20% (-80.00%) | -4.00% (-2100.00%) | 0.20% (101.85%) |
Return on Average Assets (ROAA) | -20.90% (-202.90%) | -6.90% (-76.92%) | -3.90% (-2050.00%) | 0.20% (101.92%) |
Return on Sales (ROS) | -69.10% (-1133.93%) | -5.60% (-229.41%) | -1.70% (-117.00%) | 10.00% (124.81%) |
Return on Invested Capital (ROIC) | -21.40% (-1546.15%) | -1.30% (-116.67%) | -0.60% (-300.00%) | 0.30% (102.78%) |
Dividend Yield | 0% (0%) | 0% (0%) | 63.10% (0%) | 0% |
Price to Earnings Ratio (P/E) | -0.44 (60.63%) | -1.11 (13.63%) | -1.29 (-100.47%) | 275.81 |
Price to Sales Ratio (P/S) | 0.34 (-13.59%) | 0.39 (115.47%) | 0.18 (-98.65%) | 13.42 |
Price to Book Ratio (P/B) | 0.1 (15.91%) | 0.09 (576.92%) | 0.01 (-96.51%) | 0.37 |
Debt to Equity Ratio (D/E) | 0.06 (140.00%) | 0.03 (-21.87%) | 0.03 (68.42%) | 0.02 (-64.15%) |
Earnings Per Share (EPS) | -66 (-32.00%) | -50 (88.37%) | -430 (-1268.48%) | 36.8 |
Sales Per Share (SPS) | 86.07 (-39.78%) | 142.94 (-95.34%) | 3,065.37 (305.35%) | 756.24 (-85.82%) |
Free Cash Flow Per Share (FCFPS) | -15.64 (41.63%) | -26.79 (95.34%) | -575.17 (-250.76%) | 381.52 (116.03%) |
Book Value Per Share (BVPS) | 282.55 (-59.52%) | 697.92 (-94.32%) | 12,296.66 (-54.95%) | 27,295.35 (36.39%) |
Tangible Assets Book Value Per Share (TABVPS) | 299.6 (-58.11%) | 715.16 (-94.37%) | 12,691.62 (-54.38%) | 27,823.13 (31.98%) |
Enterprise Value Over EBIT (EV/EBIT) | 0 (0%) | 7 (-75.00%) | 28 (-79.10%) | 134 |
Enterprise Value Over EBITDA (EV/EBITDA) | -0.42 (62.69%) | -1.11 (45.13%) | -2.03 (-105.54%) | 36.69 |
Asset Turnover | 0.27 (40.00%) | 0.2 (-29.86%) | 0.28 (796.77%) | 0.03 (-87.98%) |
Current Ratio | 2.77 (-68.40%) | 8.77 (52.14%) | 5.76 (67.68%) | 3.44 (53.03%) |
Dividends | $0 (0%) | $0 (0%) | $350 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$4,670,000 (-31.44%) | -$3,553,000 (0.78%) | -$3,581,000 (-632.10%) | $673,000 (116.03%) |
Enterprise Value (EV) | $4,393,291 (159.67%) | -$7,362,538 (20.70%) | -$9,284,980 (-151.86%) | $17,902,661 |
Earnings Before Tax (EBT) | -$17,862,000 (-803.49%) | -$1,977,000 (-506.44%) | -$326,000 (-343.28%) | $134,000 (103.53%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$10,555,000 (-259.88%) | $6,602,000 (44.46%) | $4,570,000 (836.48%) | $488,000 (129.68%) |
Invested Capital | $77,210,000 (-0.65%) | $77,718,000 (14.11%) | $68,105,000 (46.54%) | $46,476,000 (31.80%) |
Working Capital | $9,020,000 (-49.21%) | $17,758,000 (51.62%) | $11,712,000 (416.17%) | $2,269,000 (-3.49%) |
Tangible Asset Value | $89,462,000 (-5.68%) | $94,845,000 (20.03%) | $79,018,000 (61.00%) | $49,080,000 (31.98%) |
Market Capitalization | $8,644,291 (5.93%) | $8,160,462 (733.53%) | $979,020 (-94.53%) | $17,904,600 |
Average Equity | $87,897,000 (-5.76%) | $93,268,250 (40.90%) | $66,194,500 (58.64%) | $41,725,535 (18.94%) |
Average Assets | $94,225,750 (-3.31%) | $97,449,750 (41.93%) | $68,661,250 (59.18%) | $43,134,270 (18.06%) |
Invested Capital Average | $82,861,500 (3.91%) | $79,747,000 (41.10%) | $56,519,000 (38.29%) | $40,869,216 (16.17%) |
Shares | 298,079 (103.64%) | 146,376 (8197.96%) | 1,764 (0.00%) | 1,764 (0.00%) |
