Revenues Derived From Time Charters, Net was Pyxis Tankers’s largest product and service line in fiscal 2020, bringing in $44.07M of $65.13M (68%).
| Product and Service | FY 2016 | FY 2017 | FY 2019 | FY 2020 |
|---|---|---|---|---|
| Voyage Revenues Derived From Time Charters, Net | — | — | — | |
| Revenues Derived From Time Charters, Net | $38.73M | $59.06M | $44.07M | |
| Revenues Derived From Spot Charters, Net | $50.00M | $24.20M | $21.07M | |
| Voyage Revenues Derived From Spot Charters, Net | — | — | — | |
| Total | $88.74M | $83.26M | $65.13M |
Pyxis Tankers brought in $65.13M from its two product and service lines in fiscal 2020, the year ended December 31, 2020. That was down 21.8% from $83.26M in fiscal 2019. Revenues Derived From Time Charters, Net was the largest at $44.07M (67.7%), ahead of Revenues Derived From Spot Charters, Net at $21.07M (32.3%).
Compared with fiscal 2019, Revenues Derived From Spot Charters, Net fell 13.0% to $21.07M and Revenues Derived From Time Charters, Net fell 25.4% to $44.07M. From fiscal 2017 to 2020, combined revenue from these lines fell from $88.74M to $65.13M, a compound annual decline of 9.8%. Revenues Derived From Time Charters, Net's share of the total rose from 43.6% to 67.7%.
Pyxis Tankers (PXS) reports its revenue by product and service. In fiscal 2020, Revenues Derived From Time Charters, Net was its largest product and service line, bringing in $44.07M (67.7% of the total), followed by Revenues Derived From Spot Charters, Net at $21.07M (32.3%).
Revenues Derived From Time Charters, Net was Pyxis Tankers' largest product and service line in fiscal 2020, bringing in $44.07M, or 67.7% of the $65.13M total across its two product and service lines.
Every figure comes from Pyxis Tankers' annual financial filings, as reported. Each line keeps the name Pyxis Tankers gives it, and years follow its fiscal calendar.
Pyxis Tankers' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2020. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.