Box Ships Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net revenues were $14,190,000 against $11,248,000 a year ago. Operating income was $401,000 against $1,132,000 a year ago.

Net loss was $1,519,000 against $285,000 a year ago. Loss per common share, basic and diluted was $0.08 against $0.03 a year ago. Adjusted net income was $303,000 against $1,541,000 a year ago.

Adjusted net loss available to common shareholders was $207,000 or $0.01 per basic and diluted share against adjusted net income available to common shareholders of $1,008,000 or $0.03 per basic and diluted share a year ago. EBITDA was $4,122,000 against $4,878,000 a year ago. Adjusted EBITDA was $5,944,000 against $6,704,000 a year ago.

Net cash from operating activities was $3,798,000 against $4,517,000 a year ago.