C3is Inc. (CISS) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for C3is Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.695 Good morning everyone and welcome to our C3IS second quarter of 2025 earnings conference 00:00:04.695 -- 00:00:08.659 call and webcast. This is Dr. Diamandis Andriotis, CEO of the company. 00:00:08.659 -- 00:00:11.962 Joining me on the call today is our CFO, Nina Pindia. 00:00:11.962 -- 00:00:15.606 Before we commence our presentation, I would like to remind you that we will be discussing 00:00:15.606 -- 00:00:19.750 forward-looking statements which reflect current views with respect to future events 00:00:19.750 -- 00:00:23.954 and finance performance and are based on current expectations and assumptions which by 00:00:23.954 -- 00:00:28.280 nature are inherently uncertain and outside of the company's control. 00:00:28.280 -- 00:00:32.105 At this stage, if you could all take a moment to read our disclaimer on slide 2 of this 00:00:32.105 -- 00:00:33.788 presentation. 00:00:33.788 -- 00:00:38.314 I would also like to point out that all amounts quoted, unless otherwise clarified, are 00:00:38.314 -- 00:00:43.402 implicitly stated in US dollars. Today, we have released our earnings results 00:00:43.402 -- 00:00:48.108 for the second quarter of 2025, so let's proceed to discuss these results and update 00:00:48.108 -- 00:00:52.114 you on the company's strategy and the market in general. 00:00:52.114 -- 00:00:57.040 Please turn to slide 3, where we summarize and highlight the company's performances starting 00:00:57.040 -- 00:00:59.542 with our financial highlights. 00:00:59.542 -- 00:01:04.568 For the second quarter of 2025, we had a net loss of 5.3 million, which was 00:01:04.568 -- 00:01:10.474 due to a non-cash item, the unrealized loss of the fair value of warrants of 6.4 million. 00:01:10.474 -- 00:01:15.339 Disregarding this acc...