Net loss of $4.4 million, or $0.19 basic and diluted loss per share for the first quarter of 2015 as compared to a net loss of $1.7 million, or $0.09 basic and diluted loss per share for the first quarter of 2014.
Net Revenue amounted to $10.3 million for the first quarter of 2015 as compared to $6.1 million for the first quarter of 2014.
During first quarter of 2015 the Company made progress payments to the shipyards of $8.6 million relating to our vessels under construction.