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C CASTOR MARITIME Castor Maritime Inc. Reports $ 6.5 Million net profit for the Three Months Ended June 30 , 2021 and $ 7.6 Million net profit for the Six Months Ended June 30 , 2021 Limassol , Cyprus , August 5 , 2021 - Castor Maritime Inc. ( NASDAQ : CTRM ) , ( " Castor " or the " Company " ) , a diversified global shipping company , today announced its results for the three and six months ended June 30 , 2021 . Highlights of the Second Quarter Ended June 30 , 2021 : Revenues , net : $ 21.8 million for the three months ended June 30 , 2021 , as compared to $ 2.6 million for the three months ended June 30 , 2020 ; Net income / loss : Net income of $ 6.5 million for the three months ended June 30 , 2021 , as compared to net loss of $ 0.1 million for the three months ended June 30 , 2020 ; Earnings / Loss per common share ( ¹ ) : $ 0.07 earnings per share for the three months ended June 30 , 2021 , as compared to loss per share of $ 0.12 for the three months ended June 30 , 2020 ; EBITDA ( ² ) : $ 10.0 million for the three months ended June 30 , 2021 , as compared to $ 1.0 million for the three months ended June 30 , 2020 ; Cash and restricted cash of $ 42.7 million as of June 30 , 2021 , as compared to $ 9.4 million as of December 31 , 2020 ; During the second quarter of 2021 and as of the date of this press release , we have taken successful delivery of 12 vessels consisting of 4 Kamsarmax and 2 Panamax dry bulk carriers as well as 1 Aframax , 3 Aframax / LR2 and 2 MR1 tankers . We expect three remaining acquisitions to conclude in the third quarter of this year , subject to customary closing conditions . On a fully delivered basis , Castor will own a diversified fleet of 26 vessels with an aggregate capacity of 2.2 million dwt , having more than quadrupled its fleet size since December 31 , 2020 ; On June 14 , 2021 , we received written notice from the Nasdaq Stock Market ( " Nasdaq ” ) that the Company has regained compliance with the Nasdaq's minimum bid price requirement for continued listing on the Nasdaq Capital Market ; and In June 2021 , we entered into an at - the - market ( “ ATM ” ) sales agreement for the offer and sale from time to time of our common shares , having an aggregate offering amount of up to $ 300.0 million . Page 1