Diana Containerships Inc. (DCIX) saw its loss widen to $7.39 million, or $0.80 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $5.77 million, or $0.63 a share. Revenue during the quarter plunged 67.92 percent to $3.78 million from $11.77 million in the previous year period. Gross margin for the quarter contracted 354 basis points over the previous year period to 87.74 percent.
Operating loss for the quarter was $5.53 million, compared with an operating loss of $4.06 million in the previous year period.
Operating cash flow remains negativeDiana Containerships Inc. has spent $3.68 million cash to meet operating activities during the quarter as against cash outgo of $0.84 million in the last year period. Cash flow from investing activities was $0.78 million for the quarter, down 81.85 percent or $3.54 million, when compared with the last year period.
Cash flow from financing activities was $4.63 million for the quarter as against cash outgo of $5.28 million in the last year period.
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