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Stealthgas Inc
StealthGas Inc. is a ship-owning company primarily engaged in the seaborne transportation of liquefied petroleum gas (LPG) and liquefied petrochemical gas (LPG) around the world. The company's stock is traded on the NASDAQ stock exchange under the ticker symbol "GASS".
In terms of financial performance, StealthGas has reported mixed results in recent years. Here are some key financial metrics for the company over the past few years:
* For the year ended December 31, 2021, StealthGas reported revenues of $158.3 million, up from $117.8 million in the previous year.
* The company's net income for 2021 was $24.1 million, compared to a net loss of $14.2 million in 2020.
* As of December 31, 2021, StealthGas had total assets of $483.1 million and total liabilities of $197.3 million, resulting in shareholders' equity of $285.8 million.
* For the quarter ended March 31, 2022, StealthGas reported revenues of $42.8 million, up from $33.5 million in the same period of the previous year.
* The company's net income for the first quarter of 2022 was $8.9 million, compared to a net loss of $4.6 million in the same period of the previous year.
In terms of growth, StealthGas has been actively expanding its fleet of LPG carriers in recent years. The company has added several new vessels to its fleet since 2020, and has announced plans to continue expanding its fleet in the coming years. However, the LPG shipping market remains highly competitive, and StealthGas faces a number of risks and challenges, including fluctuations in freight rates and fuel prices, as well as geopolitical risks that could impact the demand for LPG.
Overall, StealthGas is a company that specializes in the transportation of LPG and other liquefied gases around the world. While the company has reported solid financial performance in recent quarters, it operates in a highly competitive industry and faces a variety of risks and challenges that could impact its future growth and financial performance. As with any investment, potential investors should carefully consider the company's financial statements and other relevant information before making an investment decision.