Box Ships Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues were $12,528,000 against $17,339,000 a year ago. Operating income was $1,803,000 against $5,531,000 a year ago. Net income was $675,000 against $3,432,000 a year ago. Diluted earnings per share was $0.01 against $0.11 per share a year ago. EBITDA was $6,228,000 against $9,322,000 a year ago. Adjusted EBITDA was $7,887,000 against $11,402,000 a year ago. Adjusted net income was $2,334,000 or $0.06 diluted per share against $5,512,000 or $0.18 diluted per share a year ago.

For the six months, the company reported net revenues were $26,718,000 against $35,064,000 a year ago. Operating income was $2,205,000 against $11,673,000 a year ago. Net loss was $844,000 against net income of $7,449,000 a year ago. Diluted loss per share was $0.07 against $0.26 earnings per share a year ago. EBITDA was $10,350,000 against $19,220,000 a year ago. Adjusted EBITDA was $13,830,000 against $23,347,000 a year ago. Adjusted net income was $2,636,000 or $0.06 diluted per share against $11,576,000 or $0.40 diluted per share a year ago. Net cash from operating activities was $9,284,000 against $20,035,000 a year ago.