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Đ EURODRYLTD ● EuroDry Ltd. Reports Results for the Six - Month Period and Quarter Ended June 30 , 2021 Athens , Greece August 4 , 2021- EuroDry Ltd. ( NASDAQ : EDRY , the " Company " or " EuroDry " ) , an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes , announced today its results for the three and six month periods ended June 30 , 2021 . Second Quarter 2021 Highlights : Total net revenues for the quarter of $ 14.1 million . Net income attributable to common shareholders of $ 1.9 million , or , $ 0.83 and $ 0.81 per share basic and diluted , respectively , inclusive of unrealized losses on derivatives and a loss on debt extinguishment . Adjusted net income attributable to common shareholders¹ for the quarter of $ 6.6 million , or , $ 2.81 and $ 2.76 per share basic and diluted , respectively . Adjusted EBITDA¹ for the quarter was $ 9.2 million An average of 7.37 vessels were owned and operated during the second quarter of 2021 earning an average time charter equivalent rate of $ 22,614 per day . The Company declared a dividend of $ 0.3 million on its Series B Preferred Shares . The dividend will be paid in cash . ¹Adjusted EBITDA , Adjusted net income / ( loss ) and Adjusted earnings / ( loss ) per share are not recognized measurements under US GAAP ( GAAP ) and should not be used in isolation or as a substitute for EuroDry's financial results presented in accordance with GAAP . Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP . 1