Paragon Shipping Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net loss was $9.65 million or $0.39 loss per Class A common share compared to a net income of $17,000 or $0 per Class A common share for the same quarter a year ago. Net revenue was $13.82 million compared to $13.88 million for the same quarter a year ago.

For the six months, net loss was $35.54 million or $1.56 loss per Class A common share compared to a net loss of $3.49 million or $0.31 loss per Class A common share for the same period a year ago. Net revenue was $27.25 million compared to $27.33 million for the same period a year ago.