C3is Plunges Nearly 6% After-Hours Following $5.3 Million Q2 Loss, But CEO Underscores 'Tariff-Proof' Fleet As Key Advantage Amid US-China Tensions

Shares of C3is Inc. (NASDAQ:CISS) dropped nearly 6% in after-hours trading on Tuesday after the maritime shipping company reported a net loss of $5.3 million for the second quarter of 2025.

Despite the market's reaction, CEO Diamantis Andriotis used the earnings call to highlight the company's strategic resilience, underscoring its tariff-proof fleet as a key advantage amid escalating U.S.-China trade tensions.

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C3is Swings To Q2 Loss On Warrant Charge

The reported net loss was driven entirely by a non-cash accounting item—a $6.4 million unrealized loss on the fair value of warrants.

Excluding this charge, C3is posted an adjusted net income of $1.1 million for the quarter on voyage revenues of $10.7 million.

Fleet Remain Unaffected By Newly-Imposed Tariffs

In the face of what he termed “significant geopolitical volatility,” Andriotis focused on the unique composition of the company's fleet, which consists of three dry bulk carriers and one Aframax oil tanker.

He stressed that since “None of the ...