Sign in

Private company

PETROGRESS, INC

PETROGRESS, INC is a Deep Sea Foreign Transportation of Freight company.1

Last updated Oct 21, 2026.

Overview

  • IndustryDeep Sea Foreign Transportation of Freight1
  • Business address1, Akti Xaveriou Avenue, Piraeus, J3 185382
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

41.1%Gross margin3
-40.2%Operating margin3
-35.8%Net margin3
-45.9%Revenue growth, 20203
-50.3%Return on equity3
$801.5KFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Cost of revenue59¢$5.1M
  • Selling, general and admin10¢$904.0K
  • Other costs31¢$2.6M

Out of $8.6M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2020

  • Capital spending22¢$221.2K
  • Kept or used elsewhere78¢$801.5K

Out of $1.0M of cash from operations.3

Financial statements

Revenue45673$8.6M in 2020+2197% since 2014
0$10.0M$20.0M$30.0M2014: $375.6K$375.6K20142015: $21.6M$21.6M2015+5645%2016: $18.1M$18.1M2016−16%2017: $9.2M$9.2M2017−49%2018: $9.0M$9.0M2018−1%2019: $16.0M$16.0M2019+77%2020: $8.6M$8.6M2020−46%
Gross profit456873$3.5M in 2020+41813% since 2014
0$2.0M$4.0M$6.0M2014: $8.5K$8.5K20142015: $5.9M$5.9M2015+69340%2016: $3.1M$3.1M2016−47%2017: $3.5M$3.5M2017+14%2018: $4.0M$4.0M2018+12%2019: $2.5M$2.5M2019−36%2020: $3.5M$3.5M2020+40%
Operating income456873-$3.5M in 2020+2265% since 2014
-$4.0M-$2.0M0$2.0M2014: -$146.6K-$146.6K20142015: $1.2M$1.2M20152016: $10.9K$10.9K2016−99%2017: $274.9K$274.9K2017+2415%2018: $329.4K$329.4K2018+20%2019: -$1.7M-$1.7M20192020: -$3.5M-$3.5M2020+110%
Net income456873-$3.1M in 2020+2111% since 2014
-$4.0M-$2.0M0$2.0M2014: -$139.6K-$139.6K20142015: $1.1M$1.1M20152016: $58.2K$58.2K2016−95%2017: $294.7K$294.7K2017+406%2018: $307.0K$307.0K2018+4%2019: -$3.0M-$3.0M20192020: -$3.1M-$3.1M2020+5%
Fiscal year2014201520162017201820192020
Revenue$375.6K4$21.6M5$18.1M6$9.2M6$9.0M7$16.0M3$8.6M3
Cost of revenue$367.1K4$106.9K4$15.0M6$5.6M8$5.1M7$13.4M3$5.1M3
Gross profit$8.5K4$5.9M5$3.1M6$3.5M8$4.0M7$2.5M3$3.5M3
Research and development$34.0K4
Selling, general and admin$1.4M6$1.2M8$2.1M7$2.9M3$904.0K3
Operating income-$146.6K4$1.2M5$10.9K6$274.9K8$329.4K7-$1.7M3-$3.5M3
Interest$44.5K4$14.9K8$16.6K8
Income tax$81.5K5$55.9K6
Net income-$139.6K4$1.1M5$58.2K6$294.7K8$307.0K7-$3.0M3-$3.1M3
Earnings per share-$0.014$0.015$0.006$0.178$0.097-$0.753-$0.203
Earnings per share (diluted)$0.006$0.178$0.097-$0.757

Compare PETROGRESS, INC with another company

What it owns

What PETROGRESS, INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$10.9M3 Dec 31, 2020$10.9M3 Dec 31, 20190%
Accumulated depreciation$7.4M3 Dec 31, 2020$6.8M3 Dec 31, 2019+9.2%
Property and equipment, net$3.8M3 Dec 31, 2020$4.2M3 Dec 31, 2019−9.9%
Operating-lease assets (leased space)$669.1K3 Dec 31, 2020

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$276.0K3 Dec 31, 2020$391.4K3 Dec 31, 2019−29.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, net$258.7K3 Dec 31, 2020

Inventory

ItemLatestA year beforeChange
Inventory, total$903.0K3 Dec 31, 2020$1.2M3 Dec 31, 2019−25.2%

Leadership

Who has led PETROGRESS, INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christos P. Traios2017–2020

President

  1. Barry Michael Friedman2014
  2. Christos P. Traios2017–2020

Chief financial officer

  1. Barry S. Hollander2014
  2. Christos P. Traios2017–2018
201520202025
Board members and other officers (3)

Former names

  • Petrogress, Inc.Apr 1, 2016 to Dec 12, 20182
  • 800 Commerce, Inc.Oct 17, 2012 to Mar 31, 20162

Timeline

  1. Oct 19, 2017New chief executive Christos P. Traios becomes CEO10

Filings

3 filings to the SEC since October 2021: 1 annual reports, 1 quarterly reports, 1 other. The latest 3:

  1. Jan 14, 2025REVOKED EDGAR
  2. Mar 30, 202210-K EDGAR
  3. Jan 25, 202210-Q EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How PETROGRESS, INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPETROGRESS, INC1
  • CIK0001558465
  • Employer ID (EIN)27-20196261
  • Filer statusNon-accelerated filer<br>smaller reporting company<br>emerging growth company1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1, Akti Xaveriou Avenue, Piraeus, J3 185381
  • Phone30210-459-97411
  • Shares outstanding36,142,658 as of Jan 21, 202214
  • Public float$480.4K as of Jun 30, 20203
  • On EDGAR sinceOct 17, 20121
  • Filings161 in all: 8-K (48), 10-Q (26), NT 10-Q (11), 10-K (9), UPLOAD (8), 4 (7), 8-K/A (7), SC 13D/A (7)1
    All 26 form types

    NT 10-K (5), S-1/A (5), 10-Q/A (4), 3 (4), CORRESP (3), 10-K/A (2), EFFECT (2), POS AM (2), PRE 14C (2), 3/A (1), 424B3 (1), 8-A12G (1), DEF 14C (1), REVOKED (1), RW (1), S-1 (1), S-8 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2022
    Quarterly report (10-Q) Jan 25, 2022
    Latest 8-K (8-K) May 11, 2021

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14