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Last $0.42 USD
Change Today -0.0262 / -5.87%
Volume 815.9K
OMEX On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

odyssey marine exploration (OMEX) Key Developments

Odyssey Marine Exploration Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Odyssey Marine Exploration Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue in the first quarter of 2015 was $0.1 million, compared to $0.6 million in the same year-ago quarter. The decrease in revenue was primarily due to a decline in the monetization of recovered shipwreck cargo. The net loss in the first quarter of 2015 was $9.7 million or $0.11 per basic and diluted share, as compared to a net loss of $9.8 million or $0.12 per basic and diluted share in the same year-ago quarter. Excluding the expense related to the issuance of common stock to Mako Resources in the first quarter of 2015, the net loss would have decreased 27%, or by $2.6 million, as compared to the year-ago quarter. Loss from operations was $8.995 million against $9.664 million a year ago. Loss before income taxes was $10.138 million against $10.362 million a year ago. Net cash used in operating activities decreased 59%, or by $6.2 million, from the year-ago quarter.

Odyssey Marine Exploration Inc., Q1 2015 Earnings Call, May 11, 2015

Odyssey Marine Exploration Inc., Q1 2015 Earnings Call, May 11, 2015

Odyssey Marine Exploration Inc. to Report Q1, 2015 Results on May 11, 2015

Odyssey Marine Exploration Inc. announced that they will report Q1, 2015 results at 9:37 PM, GMT Standard Time on May 11, 2015

Odyssey Marine Exploration Inc. Proposes Amendment to the Articles of Incorporation

Odyssey Marine Exploration Inc. announced that the annual general meeting to be held on June 09, 2015, the shareholders proposed the amendment to the articles of incorporation.

Odyssey Marine Exploration Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Odyssey Marine Exploration announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company reported a loss in the fourth quarter amid to a large drop in revenue. The company reported a net loss of $5.2 million, or $0.06 per basic and diluted share compared to net income of $10.8 million, or $0.13 per basic and diluted share a year ago. Total revenue of $288,486 is down significantly from $17.2 million for the same quarter of 2013. Loss from operations was $5.87 million against profit of $6.57 million a year ago. Loss before income taxes was $6.18 million against profit of $9.7 million a year ago. For the full year of 2014, the net loss was $26.5 million or $0.31 loss per basic and diluted share, as compared to a net loss of $10.7 million or $0.13 loss per basic and diluted share in 2013. Total revenue for the full year of 2014 was $1.3 million versus $23.9 million in 2013. The decrease in revenue in both periods was primarily attributed to the SS Gairsoppa shipwreck silver bullion sales that occurred in 2013 as compared to no similar shipwreck cargo monetization in 2014. Loss from operations was $28.19 million against $16.97 million a year ago. Loss before income taxes was $29.14 million against $14.36 million a year ago.

 

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