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C CASTOR MARITIME Castor Maritime Inc. reports $ 15.5 Million Net income for the Three Months Ended September 30 , 2021 , and $ 23.1 Million Net income for the Nine Months Ended September 30 , 2021 Limassol , Cyprus , November 8 , 2021 – Castor Maritime Inc. ( NASDAQ : CTRM ) , ( " Castor ” or the “ Company ” ) , a diversified global shipping company , today announced its results for the three and nine months ended September 30 , 2021 . Highlights of the Third Quarter Ended September 30 , 2021 : Revenues , net : $ 43.3 million for the three months ended September 30 , 2021 , as compared to $ 2.8 million for the three months ended September 30 , 2020 ; Net income / loss : Net income of $ 15.5 million for the three months ended September 30 , 2021 , as compared to net loss of $ 0.6 million for the three months ended September 30 , 2020 ; Earnings / Loss per common share ( ¹ ) : $ 0.16 earnings per share for the three months ended September 30 , 2021 , as compared to loss per share of $ 0.05 for the three months ended September 30 , 2020 ; EBITDA ( 2 ) : $ 21.2 million for the three months ended September 30 , 2021 , as compared to $ 0.1 million for the three months ended September 30 , 2020 ; Cash and restricted cash of $ 42.4 million as of September 30 , 2021 , as compared to $ 9.4 million as of December 31 , 2020 ; During the third quarter of 2021 and as of the date of this press release , we have taken successful delivery of four vessels consisting of one Kamsarmax and three Panamax dry bulk carriers . As a result , Castor currently owns a diversified fleet of 27 vessels with an aggregate capacity of 2.3 million dwt , having more than quadrupled the number of the vessels it owns since December 31 , 2020 . Earnings Highlights of the Nine Months Ended September 30 , 2021 : Revenues , net : $ 72.0 million for the nine months ended September 30 , 2021 , as compared to $ 8.1 million for the nine months ended September 30 , 2020 ; Net income / loss : Net income of $ 23.1 million for the nine months ended September 30 , 2021 , as compared to net loss of $ 1.0 million for the nine months ended September 30 , 2020 ; Earnings / Loss per common share ( ¹ ) : $ 0.29 earnings per share for the nine months ended Page 1