Boston, MA 03/27/2014 (wallstreetpr) – Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) which provides dry bulk transportation services announced its financial results for the fourth quarter and fiscal 2013 today. Commenting on the results, the board chair and CEO Stamatis Tsantanis said the positive results showed the company was right on track after completing an important restructuring exercise. The restructuring plan included debt reduction of which the CEO said that by the time of reporting the latest results, they had extinguished debt amounting to $346 million since 2012. The fourth quarter did not just come as widely profitable for the company, but 2013 in general marked the first time when the company turned a profitable year since 2010. Net income for the fourth quarter came in at $7.5 million or 62 cents per share, which contrasted with net loss amounting to $117 million or loss per share of $9.79 in comparable quarter of 2012. Net income for full-year 2013 was $10.0 million or 91 cents per share, up from net loss of $193.8 million or loss per share of $16.72 in 2012.
The fourth quarter of 2013 turned out to be profitable trading period for Heska Corp (NASDAQ:HSKA). And the management cited that the company is poised for even greater things to come following its deal to acquire majority stake in Cuattro Veterinary, a business which it subsequently renamed Heska Imaging US. For the fourth quarter, the company realized net income of $1.2 million or 20 cents per diluted share, which compared with net income of $389,000 or 7 cents per diluted share in the comparable quarter of 2012. Ending the year, Heska reported $6 million cash and $16.2 million working capital. Compared with 2012, the latest data reveal stockholder equity was $47.1 million, a decrease from $48.9 million in 2012. Besides the financial results data, Heska Corp (NASDAQ:HSKA) revealed that Kevin Wilson will, on filing with regulatory body, become CEO and president of the company while Robert Grieve who currently holds the position will become executive chairman.
Unwired Planet Inc (NASDAQ:UPIP) experienced insider trading this week. The company, in a regulatory filing, has revealed that one of its directors Michael Mulica, purchase 100,000 shares at the average price of $2 a share. Following the acquisition of additional shares of UPIP, the Mr. Mulica boosted his take in the company to 487,000 shares, bearing estimated value of $0.97 million.
