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NASDAQ · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · SMALL CAP

Svrn, Inc. SVRN

5 fiscal years on record · USD · FY2024 reported · SEC filings only
$25.7M
▲ 35.6% YoY
$-17.9M
$-22.4M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are an independent provider of worldwide ocean-going transportation services. As of the date of this annual report, we own and operate three Panamax dry bulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks with a total cargo carrying capacity of approximately 223,546 dwt and one MR2 product tanker vessel having a carrying capacity of 49,999 dwt. We are a global provider of shipping transportation services. We specialize in the ownership of vessels. Our vessels transport bulk commodities, including iron ore, coal, and grain, as well as refined petroleum products. The commercial and technical management, except for insurance services, of our dry bulk fleet is carried out by DWM, a 50/50 joint venture between Wilhelmsen Ship Management and Diana Shipping.

Written from the business description in OceanPal Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 April 2025. Every sentence was checked against that document before publication.

Growth

USD 25.7M
Revenue, FY2024 · full 5-year series below
Revenue $M Net income $M
FY2024 · Revenue 25.7 · Net income -17.9
10M20M-10M-20M
201920232024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−69 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -70.2% · Net -69.5%
-20%-40%-60%
201920222024
ROE
FY2024 · ROE -20.2%
-10%-20%
201920222024
Three returns, three denominators.

Each USD of equity lost 20 cents this year.

Cash & shareholders

·
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -22.4
-10M-20M
201920222024
Net buybacks $M Dividends $M
FY2022 · Dividends 3.1 · Net buybacks ·
2M3M
2022

Total assetsUSD 89.5M
EquityUSD 84.4M
CashUSD 7.2M
Current ratio2.77×

Equity funds 94% of total assets.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
SVRN, 5-year financial record
Metric 20242023202220202019
Revenue $B0.00.00.0◌◌
Operating income $B−0.0−0.0−0.0◌◌
EBITDA $B−0.0−0.00.0◌◌
Income tax $B◌◌◌◌◌
Net income $B−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.00.0
EPS, diluted $−2.64−3.83−17.18◌◌
Dividend / sh $◌◌10.00◌◌
Payout %——−951——
ROE %−20.2−2.3−0.4◌◌
Shares out B0.010.010.00◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 14 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 15 checks were skipped: EPS is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNASDAQ
Incorporated inoutside the United States — SEC code 1T
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

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