ODYSSEY MARINE EXPLORATION INC OMEX
Odyssey Marine Exploration, Inc. discovers, validates, and develops high-value seafloor mineral resources in an environmentally responsible manner, providing access to critical resources that can transform societies and economies for generations to come.
We have a diversified mineral portfolio that includes projects controlled by us and other projects in which we are a minority owner and service provider. In addition, our team is continually working to add new projects to the portfolio by identifying potential new assets through a proprietary "Global Prospectivity Program" leading to the acquisition of appropriate rights. Our development focus is on projects that can meet stringent standards for environmental responsibility and sustainability while unlocking benefits for the host country. Environmental protection remains at the forefront of the strategic and tactical decision-making processes in all our work.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $353.7K | $768.7K | $803.8K | $1.3M | $921.2K | $2.0M | $3.1M | $3.3M | $1.2M | $4.7M |
| SG&A | $11.0M | $9.7M | $6.8M | $9.4M | $6.3M | $3.7M | $5.5M | $5.7M | $6.2M | $8.0M |
| Total operating expenses | $13.8M | $12.8M | $11.1M | $19.2M | $15.9M | $14.7M | $13.4M | $9.3M | $9.6M | $15.2M |
| Operating income | -$13.4M | -$12.0M | -$10.3M | -$17.9M | -$15.0M | -$12.6M | -$10.3M | -$6.1M | -$8.4M | -$10.6M |
| Interest expense | $4.9M | $6.5M | $5.0M | $2.3M | $10.8M | $6.9M | $5.4M | $3.1M | $2.7M | $2.4M |
| Pre-tax income | -$48.5M | $6.2M | -$3.9M | -$29.8M | -$16.1M | -$21.1M | -$15.5M | -$9.1M | -$11.0M | -$9.1M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$43.1M | $15.7M | $5.3M | -$22.1M | -$10.0M | -$14.8M | -$10.4M | -$5.2M | -$7.8M | -$6.3M |
| EPS, basic | -1.10 | 0.75 | 0.27 | -1.28 | -0.75 | -1.41 | — | — | — | — |
| EPS, diluted | -1.10 | 0.07 | 0.27 | -1.28 | -0.75 | -1.41 | -1.12 | -0.60 | -0.95 | -0.84 |
| Shares, diluted (wtd. avg.) | 39.3M | 28.4M | 20.1M | 17.3M | 13.3M | 10.5M | 9.3M | 8.6M | 8.2M | 7.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.5M | $4.8M | $4.0M | $1.4M | $2.3M | $6.2M | $213.4K | $2.8M | $1.1M | $1.7M |
| Receivables | $67.3K | $285.8K | $110.3K | $7.5K | $268.9K | $160.3K | $421.6K | $789.4K | $232.4K | $473.8K |
| Total current assets | $4.4M | $5.8M | $4.9M | $4.0M | $3.3M | $6.9M | $1.2M | $4.6M | $1.8M | $2.8M |
| Property, plant and equipment | $474.8K | $534.0K | $524.7K | $2.9M | $479.1K | $614.8K | $756.8K | $118.0K | $593.8K | $1.8M |
| Total assets | $15.8M | $18.5M | $22.8M | $13.9M | $8.9M | $11.8M | $5.3M | $5.5M | $3.0M | $5.1M |
| Accounts payable | $770.8K | $748.4K | $345.4K | $2.3M | $1.8M | $1.5M | $6.2M | $2.8M | $2.4M | $1.4M |
| Total current liabilities | $11.7M | $22.5M | $31.5M | $41.8M | $52.6M | $53.9M | $51.2M | $42.0M | $33.3M | $27.2M |
| Long-term debt | — | — | — | — | — | — | — | — | $3.0M | $4.3M |
| Total liabilities | $91.4M | $97.6M | $108.7M | $102.5M | $71.4M | $69.7M | $58.6M | $46.7M | $41.0M | $36.2M |
| Retained earnings | -$323.5M | -$280.4M | -$296.1M | -$301.4M | -$275.1M | -$265.1M | -$250.3M | -$239.9M | -$234.7M | -$227.0M |
| Total equity | -$37.6M | -$16.2M | -$85.9M | -$88.7M | -$67.0M | -$57.9M | -$53.3M | -$41.2M | -$38.0M | -$31.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.8M | $642.3K | -$10.2M | -$10.2M | -$5.4M | -$9.2M | -$5.4M | -$6.5M | -$5.9M | -$8.3M |
| Depreciation and amortisation | $75.3K | $79.0K | $243.0K | $88.4K | $8.8K | $9.3K | $116.4K | $453.5K | $760.8K | $1.1M |
| Stock-based compensation | $222.1K | $2.0M | $585.7K | $1.8M | $1.3M | $420.6K | $55.2K | $278.9K | $725.9K | $1.7M |
| Capital expenditure | $16.1K | $84.3K | $1.3M | $1.5M | $19.1K | $0 | $15.5K | $9.6K | — | $129.7K |
| Investing cash flow | -$173.6K | -$84.3K | -$1.0M | -$2.5M | $323.0K | $0 | -$15.5K | $994.0K | $80.0K | $70.3K |
| Financing cash flow | $7.7M | $212.0K | $13.8M | $11.9M | $1.2M | $15.1M | $2.9M | $7.1M | $5.2M | $7.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-333504.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7M | $1.2M | $3.3M | $3.1M | $2.0M | $921.2K | $1.3M | $803.8K | $768.7K | $353.7K |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$6.3M | -$7.8M | -$5.2M | -$10.4M | -$14.8M | -$10.0M | -$22.1M | $5.3M | $15.7M | -$43.1M |
Recent filings and events
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Item 3.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Unregistered share sale Item 3.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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