Odyssey Marine Exploration Inc (OQ:OMEX)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
See Regulatory Filings on SEC
Company Contact
Address: 205 S. Hoover Blvd., Suite 210
TAMPA FL 33609
Tel: N/A
Website: https://ir.odysseymarine.com
IR: See website
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Key People
Mark D. Gordon
Chairman of the Board, Chief Executive Officer 		John D. Longley
President, Chief Operating Officer 		 
Business Overview
Odyssey Marine Exploration, Inc. discovers, validates, and develops seafloor mineral resources. The Company has a diversified mineral portfolio, which includes projects controlled by the Company and other projects in which it has a minority owner and service provider. The Company's projects include the Exploraciones Oceanicas Phosphate Project, CIC Project, South American Phosphate Project and LIHIR Gold Project. The Exploraciones Oceanicas Phosphate Project is a rich deposit of phosphate sands located 70-90 meters deep within Mexico's Exclusive Economic Zone. The project is located approximately 25-40 kilometers from the coast of Baja California Sur, Mexico. The Lihir Gold Project covers a subsea area, which contains at least five prospective gold exploration targets in two different mineralization types: seamount-related epithermal and modern placer gold. The resource lies approximately 500-2,000 meters deep in the Papua New Guinea Exclusive Economic Zones (EEZ).
Financial Overview
For the six months ended 30 June 2023, Odyssey Marine Exploration Inc revenues decreased 33% to $461K. Net income totaled $10.9M vs. loss of $12.9M. Revenues reflect Marine services decrease of 26% to $438K, Operating and other decrease of 76% to $23K. Net Income reflects Operations and Research decrease of 48% to $3.3M (expense), Marketing, general and administrative decrease of 12% to $3.7M (expense).
Employees: 14 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $111.63M as of Jun 30, 2023
Annual revenue (TTM): $1.11M as of Jun 30, 2023
EBITDA (TTM): -$13.39M as of Jun 30, 2023
Net annual income (TTM): $0.65M as of Jun 30, 2023
Free cash flow (TTM): -$15.00M as of Jun 30, 2023
Net Debt Last Fiscal Year: $39.09M as of Jun 30, 2023
Shares outstanding: 19,981,901 as of Aug 8, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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