Company research
HERMITAGE OFFSHORE SERVICES LTD.
CIK 1597659Updated Sep 26, 2026
Securities
Historical securities (1)
HOFSQ · OTC · equity · closed Jun 30, 2021Name history
NORDIC AMERICAN OFFSHORE LTD. · through May 28, 2019
HOFSQ price & chart
Historical security
This listing closed Jun 30, 2021. Live provider charts are shown only for current listings.
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Recent filings
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Financials
FY 2019 · USDSource
Source
balance sheet · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 201,909,000Source | 191,074,000Source | 387,711,000Source | 374,854,000Source |
| Property, Plant and Equipment, NetUSD | 178,206,000Source | 176,914,000Source | 350,635,000Source | 366,945,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 12,681,000Source | 8,446,000Source | 31,506,000Source | 2,953,000Source |
| Inventory, NetUSD | 1,808,000Source | 1,181,000Source | 1,510,000Source | 1,240,000Source |
| Assets, CurrentUSD | 23,703,000Source | 14,160,000Source | 37,076,000Source | 7,909,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 257,000Source | 764,000Source | 647,000Source | 234,000Source |
| Additional Paid in CapitalUSD | 66,741,000Source | 322,914,000Source | 319,947,000Source | 276,957,000Source |
| Retained Earnings (Accumulated Deficit)USD | -14,870,000Source | -269,614,000Source | -72,321,000Source | -42,995,000Source |
| Stockholders' Equity Attributable to ParentUSD | 52,128,000Source | 54,064,000Source | 248,273,000Source | 234,196,000Source |
| Liabilities and EquityUSD | 201,909,000Source | 191,074,000Source | 387,711,000Source | 374,854,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 8,083,000Source | 4,481,000Source | 2,809,000Source | 4,089,000Source |
| Accounts Payable, CurrentUSD | 4,192,000Source | 842,000Source | 317,000Source | 301,000Source |
| Other Liabilities, NoncurrentUSD | 0Source | 71,000Source | 77,000Source | 375,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | 3,146,000Source | 1,764,000Source | 2,210,000Source |
| Deferred Revenue, CurrentUSD | — | 0Source | 400,000Source | 300,000Source |
| Deferred Revenue, NoncurrentUSD | — | — | 0Source | 1,100,000Source |
| Long-term Debt, Current MaturitiesUSD | 207,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 141,698,000Source | 132,457,000Source | 136,552,000Source | 136,193,000Source |
cash flow · annual statements
| Line item | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 506,000Source | 606,000Source | -2,485,000Source | 872,000Source |
| Increase (Decrease) in InventoriesUSD | -329,000Source | 270,000Source | 446,000Source | 560,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -21,807,000Source | -14,032,000Source | — | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -46,000Source | -830,000Source | — | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 0Source | 8,513,000Source | 5,590,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,010,000Source | 43,403,000Source | — | — |
| Payments of Ordinary Dividends, Common StockUSD | 1,860,000Source | 4,933,000Source | 5,997,000Source | 21,922,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 8,446,000Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 7,090,000Source | 4,417,000Source | 2,803,000Source | 1,365,000Source |
| Income Taxes Paid, NetUSD | 0Source | 0Source | 214,000Source | 0Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -198,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 359,000Source | 359,000Source | 359,000Source | 305,000Source |
| DepreciationUSD | 17,298,000Source | 17,480,000Source | 16,053,000Source | 14,379,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -198,000Source | 12,000Source | — | — |
| General and Administrative ExpenseUSD | 4,757,000Source | 4,222,000Source | 4,503,000Source | 4,261,000Source |
| Income Tax Expense (Benefit)USD | 0Source | -997,000Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -197,294,000Source | -29,326,000Source | -32,151,000Source | -10,844,000Source |
| Nonoperating Income (Expense)USD | -8,425,000Source | -4,255,000Source | -3,608,000Source | -2,472,000Source |
| Operating Costs and ExpensesUSD | 25,173,000Source | 20,454,000Source | 24,137,000Source | 24,580,000Source |
| Other Nonoperating Income (Expense)USD | -601,000Source | 327,000Source | -151,000Source | -699,000Source |
| Payments of Financing CostsUSD | — | 0Source | 0Source | 1,217,000Source |
| Proceeds from Issuance of Common StockUSD | 4,945,000Source | 48,336,000Source | 0Source | -17,000Source |
income statement · annual statements
| Line item | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Total RevenueUSD | 20,654,000Source | — | — | — |
| Cost of RevenueUSD | 2,215,000Source | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -188,869,000Source | -26,068,000Source | -28,543,000Source | -8,372,000Source |
| Other Nonoperating Income (Expense)USD | -601,000Source | 327,000Source | -151,000Source | -699,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -197,294,000Source | -30,323,000Source | -32,151,000Source | -10,844,000Source |
| Income Tax Expense (Benefit)USD | 0Source | -997,000Source | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -197,294,000Source | -29,326,000Source | -32,151,000Source | -10,844,000Source |
| Earnings Per Share, BasicUSD per share | — | -0.53Source | -1.54Source | -0.47Source |
| Earnings Per Share, DilutedUSD per share | — | -0.53Source | -1.54Source | -0.47Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 54,995,614Source | 20,939,260Source | 23,203,142Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | 54,995,614Source | 20,939,260Source | 23,203,142Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.3Source | 0.08Source | 0.28Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 17,298,000Source | 17,472,000Source | 16,152,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -198,000Source | 12,000Source | — | — |
| General and Administrative ExpenseUSD | 4,757,000Source | 4,222,000Source | 4,503,000Source | 4,261,000Source |
| Interest ExpenseUSD | 8,031,000Source | 4,880,000Source | 3,467,000Source | 1,807,000Source |
| Interest Income, OperatingUSD | 207,000Source | — | — | — |
| Nonoperating Income (Expense)USD | -8,425,000Source | -4,255,000Source | -3,608,000Source | -2,472,000Source |
| Operating Costs and ExpensesUSD | 25,173,000Source | 20,454,000Source | 24,137,000Source | 24,580,000Source |