Odyssey Marine Exploration Inc (OQ:OMEX)

Sector:  Industrials Industry:  Business Support Services
See Regulatory Filings on SEC
Company Contact
Address: 205 S Hoover Blvd Ste 210
TAMPA FL 33609-3533
Tel: 1-949-5743860
Website: https://www.shipwreck.net
IR: See website
Key People
Mark D. Gordon
Chairman of the Board, Chief Executive Officer
John D. Longley
President, Chief Operating Officer
Jay A. Nudi
Chief Financial Officer, Chief Accounting Officer, Treasurer
Laura Lionetti Barton
Executive Vice President, Director of Communications
Business Overview
Odyssey Marine Exploration, Inc. (Odyssey) is a deep-ocean exploration company. The Company's techniques are applied to mineral exploration, shipwreck cargo recovery, and other marine survey and exploration charter services. The Company is engaged in discovering shipwreck sites in the deep ocean and conducting archaeological excavations with remotely operated vehicles (ROVs). Its shipwreck discoveries include the SS Republic, HMS Victory, Black Swan, La Marquise de Tourny and other unidentified shipwrecks. The Company offers exploration services, including geophysical and geotechnical assessments of seabed mineral deposits to companies, including its subsidiaries and companies, in which it holds an equity position, as a resource development partner. The Company evaluates or explores various types of seabed mineral deposits, such as phosphorites, polymetallic nodules and seafloor massive sulfides. Odyssey offers its marine exploration services to third-party companies.
Financial Overview
For the nine months ended 30 September 2019, Odyssey Marine Exploration Inc revenues decreased 6% to $2.3M. Net loss increased from $3.7M to $8.2M. Revenues reflect Expedition decrease of 21% to $1.5M. Higher net loss reflects Operations and Research increase from $2.5M to $5.5M (expense), Interest expense increase of 91% to $4.3M (expense), Marketing, general and administrative increase of 16% to $5M (expense).
Employees: 17 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $65.32M as of Sep 30, 2019
Annual revenue (TTM): $3.14M as of Sep 30, 2019
EBITDA (TTM): -$9.67M as of Sep 30, 2019
Net annual income (TTM): -$9.65M as of Sep 30, 2019
Free cash flow (TTM): -$5.75M as of Sep 30, 2019
Net Debt Last Fiscal Year: $31.77M as of Sep 30, 2019
Shares outstanding: 9,478,003 as of Oct 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization