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Euroseas Report Adverse Financial Winds in Year 2013

Net loss of $103.4 million, or, $2.28 net loss per share basic and diluted on total net revenues of $39.2 million. The full year results include a $78.2 million impairment loss, or, $1.72 loss per share basic and diluted. Adjusted net loss1 for the period would have been $23.1 million or $0.51 net loss per share basic and diluted. Adjusted EBITDA1 was $(1.7) million. An average of 14.56 vessels were…