Odyssey Marine Exploration (OMEX)

Odyssey Marine Exploration, Inc. is engaged in deep-ocean exploration using innovative methods and state-of-the-art technology to provide access to critical resources worldwide. Its core focus is the discovery, development and extraction of deep-ocean minerals. Odyssey also provides marine services for private clients and governments.

Company profile

Ticker

OMEX

Exchange

NASDAQ

Website

www.shipwreck.net

CEO

Mark Gordon

Incorporated

Nevada

Location

Florida

Fiscal year end

Dec 31

Sector

Professional, Scientific, and Technical Services > Research and Development in the Social Sciences and Humanities

Industry (SIC)

Water Transportation

Carnival • Carnival Corp. • Royal Caribbean • NCL • Norwegian Cruise Line • Tidewater • Seapeak • Altera Infrastructure • Kirby • Golar Lng ...

Former names

UNIVERSAL CAPITAL CORP

SEC CIK

0000798528

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Odyssey Marine Services, Inc. • OVH, Inc. • Odyssey Retriever, Inc. • Marine Exploration Holding, Llc • Odyssey Marine Entertainment, Inc. • Odyssey Marine Minerals, Llc • Odyssey Marine Management, Ltd. • Oceania Marine Operations S.R.L. • Odyssey Marine Enterprises, Ltd. • Exploraciones Oceanicas, S. de R.L. De C.V. ...

IRS number

841018684

OMEX stock data

1M 1Y 5Y

News

From Benzinga Pro

11 Industrials Stocks Moving In Wednesday's After-Market Session

13 Jul 22

Gainers Odyssey Marine Explr (NASDAQ:OMEX) stock moved upwards by 7.4% to $3.33 during Wednesday's after-market session. The market value of their outstanding shares is at $64.6 million.

12 Industrials Stocks Moving In Tuesday's After-Market Session

5 Jul 22

Gainers JE Cleantech Hldgs (NASDAQ:JCSE) stock moved upwards by 12.4% to $13.92 during Tuesday's after-market session. The market value of their outstanding shares is at $209.0 million.

12 Industrials Stocks Moving In Friday's Pre-Market Session

24 Jun 22

Gainers Titan Intl (NYSE:TWI) stock rose 11.8% to $16.23 during Friday's pre-market session. The company's market cap stands at $1.0 billion.

Benzinga's Top Ratings Upgrades, Downgrades For June 16, 2022

16 Jun 22

EF Hutton Initiates Coverage On Odyssey Marine Explr with Buy Rating, Announces Price Target of $7.5

16 Jun 22

Press releases

From Benzinga Pro

Odyssey Marine Exploration Provides Update

14 Jun 22

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a global subsea mineral exploration and development company, provided a corporate update. "On Friday, we closed a registered direct offering of equity securities that

Odyssey Marine Exploration Announces Closing of $16.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

10 Jun 22

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) ("Odyssey Marine Exploration" or "Company"), a global subsea mineral exploration and development company, today announced the closing of its previously

Odyssey Marine Exploration Announces Pricing of $16.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

8 Jun 22

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) ("Odyssey Marine Exploration" or "Company"), a global subsea mineral exploration and development company, today announced that it entered into subscription

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

11 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart OMEX financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.11M	2.11M	2.11M	2.11M	2.11M	2.11M
Cash burn (monthly)	56.15K	260.71K	2.23M	1.57M	561.9K	463.17K
Cash used (since last report)	247.26K	1.15M	9.8M	6.91M	2.47M	2.04M
Cash remaining	1.86M	958.18K	-7.69M	-4.8M	-368.22K	66.57K
Runway (months of cash)	33.1	3.7	-3.5	-3.1	-0.7	0.1

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

OMEX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
30 Jun 22	Siegel Todd E	Common Stock	Grant	Acquire A	No	No	3,299	16,847
30 Jun 22	Justh Mark B	Common Stock	Grant	Acquire A	No	No	4,032	231,391
30 Jun 22	Abbott John	Common Stock	Grant	Acquire A	No	No	4,399	45,441
30 Jun 22	Jon D Sawyer	Common Stock	Grant	Acquire A	No	No	3,299	51,748
30 Jun 22	James S Pignatelli	Common Stock	Grant	Acquire A	No	No	3,519	51,295

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

OMEX institutional ownership history Ownership history

36.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	39	39	–
Opened positions	3	3	–
Closed positions	3	5	-40.0%
Increased positions	8	7	+14.3%
Reduced positions	6	10	-40.0%

13F shares	Current	Prev Q	Change
Total value	41.49M	21M	+97.6%
Total shares	5.32M	5.59M	-4.8%
Total puts	33.7K	10.8K	+212.0%
Total calls	0	0
Total put/call ratio	Infinity	Infinity	NaN%

Largest owners	Shares	Value	Change
FourWorld Capital Management	1.45M	$8.79M	-20.1%
Monaco Financial	984.85K	$6.5M	0.0%
Kairos Capital Management	781.82K	$5.21M	0.0%
Boothbay Fund Management	316.4K	$2.11M	0.0%
Whitefort Capital Management	250.4K	$1.67M	NEW
Antonetti Capital Management	238.08K	$1.59M	+9.7%
Vanguard	220.96K	$1.47M	-34.8%
BLK Blackrock	197.1K	$1.31M	-0.7%
Corbin Capital Partners	194.25K	$1.29M	0.0%
JEF Jefferies	171.67K	$1.14M	0.0%

Largest transactions	Shares	Bought/sold	Change
FourWorld Capital Management	1.45M	-365.62K	-20.1%
Whitefort Capital Management	250.4K	+250.4K	NEW
Vanguard	220.96K	-117.75K	-34.8%
ExodusPoint Capital Management	45.07K	-34.85K	-43.6%
Group One Trading	31.77K	+22.22K	+232.6%
Apollon Wealth Management	0	-21.65K	EXIT
Antonetti Capital Management	238.08K	+21.06K	+9.7%
Susquehanna International	0	-20.33K	EXIT
TFC Truist Financial	0	-16.67K	EXIT
5th Street Advisors	15.86K	+15.86K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Oceaneering International • Seafarer Exploration

Management Discussion

The dollar values discussed in the following tables, except as otherwise indicated, are approximations to the nearest $1,000,000 and therefore do not necessarily sum in columns or rows. For more detail refer to the Financial Statements in Part I, Item 1.
Three months ended March 31, 2022, compared to three months ended March 31, 2021.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: acoustic, andwere, Anerica, answered, Anytime, ap, BlueSea, Brasil, cap, combat, condensed, confident, Cook, COVID, create, creating, criteria, debtwa, desktop, EEZ, evidentiary, expansion, formation, furnish, geologic, geological, geology, grow, hunger, Insurance, Justh, JV, legacy, length, lithology, Ltda, manner, mapping, narrative, nodule, otice, outlined, Pending, predict, prepaid, produce, producing, put, qualification, quotient, Raw, reconsider, recuse, regional, remote, sampling, SBMA, seafloor, SeaSeep, snapshot, South, speculative, SPV, subseafloor, surged, target, terrain, theNote, topurchase, VWAP

Removed: AA, abandon, absorb, accelerated, account, accrete, accreted, accretion, acknowledge, acknowledged, acquire, acquired, added, adjusting, advance, advanced, adverse, aforementioned, age, AHMSA, akin, Aldama, allocation, Alonso, alternative, Ambiental, amend, amending, amendment, analyzed, analyzing, Ancira, anniversary, annualized, annually, annum, antecedent, applied, applying, arbitral, archaeological, arising, assert, assign, assigned, assignment, assumed, assumption, attempt, authorize, award, back, Bancorp, Bank, bankruptcy, BCF, bifurcate, binomial, borrowed, borrowing, breach, BSM, buy, calculate, call, called, cancellation, capacity, capitalization, cease, ceased, certificate, charge, Chatham, choose, Claimholder, Code, collectability, commence, commencement, commencing, commitment, committee, complied, compounded, conditioned, consecutive, consent, consented, consisting, consolidate, constitute, consummation, contemplated, contingently, continuance, continued, contracted, contrary, conventional, conveyed, covenant, CPRL, credited, crew, CRP, CRPL, cumulative, cure, curve, dated, deal, declared, decreased, deemed, deficiency, delivered, delivery, demand, demanded, denominator, deposited, designated, designation, Designee, detachable, determinable, determining, diligence, Disaster, discovered, discretion, dismissed, dissolution, Distinguishing, distributed, distribution, divided, dividend, earliest, earmarked, EIDL, elapsed, Eleven, embodied, enacted, encourage, Enforcement, enter, entering, entitle, entry, escrow, essence, establishing, estimating, evaluate, event, evergreen, evidenced, evident, examination, excavation, exceeded, execute, exercisable, exercising, exhaustion, expedition, experience, expiration, expired, exploratory, exploring, extent, extinguished, extinguishment, extraordinary, facilitate, facility, fail, faith, fall, favor, finite, fixed, Florida, flow, forfeited, forfeiture, forgiven, formal, fraction, fullest, gain, Galt, generation, goodwill, grace, greatest, guaranteed, guarantor, Guaranty, half, higher, holder, hour, hundred, hybrid, hypocrisy, illustrating, Impacto, implemented, implicit, incorporation, incremental, incrementally, incur, incurring, indemnification, indemnified, individual, inducement, initiate, Injury, insolvency, installment, intangible, integer, intend, intent, invested, Investor, involved, IRR, irrevocably, ISO, judgment, junior, jurisdiction, knowingly, lapse, largely, lattice, legally, lend, lender, letter, liberal, lien, limitada, linked, liquidation, loaned, longer, Magellan, Manifestacion, marked, matured, measurable, meeting, merger, modification, modified, modify, monetary, multiplied, multiplying, NASDAQ, nation, negotiate, Neptune, Nevada, NMI, nominate, November, NQSO, numerator, observe, observer, obtain, offer, OME, OMO, ongoing, open, originally, owing, par, pari, partial, participant, participate, participating, participatory, partner, passu, pay, Paycheck, paying, payroll, Penalty, percent, percentage, perfect, permanently, person, pertaining, placement, pledge, pocket, Poplar, possession, preclude, Preference, previously, pricing, principle, private, pro, proceeding, prohibit, prohibited, promissory, promptly, proper, proportionate, proposal, prosecution, proxy, pursuing, pursuit, qualified, quarterly, ranging, rank, rata, reacquisition, realizable, receipt, reconsideration, record, recoup, recouped, recovery, recycling, redeemed, reduce, reduced, reduction, referred, refuse, register, registration, relation, relationship, release, relevant, reliable, reliably, Reliance, Relief, relinquished, reload, renew, renewable, renewal, renewed, reorganization, repay, repayable, representation, represented, repricing, Republic, request, requirement, requiring, resale, reserve, residual, restructuring, retained, retroactive, reverse, revised, revoked, rounded, ROV, salvage, SBA, schedule, scheduled, Seattle, Secretary, secure, securing, seek, seeking, selected, selection, seller, selling, senior, separate, serve, serving, set, settle, shelf, shipwreck, significantly, silver, simple, single, Small, solicit, sonar, SPA, space, specifically, split, SSCA, stayed, strategic, structure, subjective, submitting, subordinate, subordinated, subparagraph, substantial, substantive, successfully, sufficient, survive, surviving, syndication, Tampa, taxing, temporary, tender, terminate, terminated, thereof, thereon, thereto, therewith, thinly, threatened, timing, title, traded, tranche, transferable, transferred, Treasury, treat, treated, type, uncertain, unconditionally, undersea, underwriting, unfeasible, unit, unreasonably, unrecognized, unsecured, utilize, utilized, vehicle, vendor, vessel, vest, vested, vesting, VIE, volatility, voluntary, vote, voted, waive, waived, waiver, warranty, withheld, withholding, writing, written, yield

From filing 10-Q 2022 Q1

Financial reports

View all

10-K/A

2021 FY

Annual report (amended)

11 Aug 22

10-K/A

2021 FY

Annual report (amended)

18 Jul 22

10-Q