Odyssey Marine Exploration was founded in 1994 on the following beliefs:
From the start, Odyssey's business plan envisioned the discovery of valuable and interesting assets from the deep-ocean over an extended period of time. This successful strategy has enabled us to bring the world's finest deep-ocean technology and equipment together with the most qualified and brightest researchers, engineers, technicians and scientist from all corners of the globe and we continue to attract the best minds in this emerging industry.
We have surveyed and mapped more than 26,000 square miles of seabed and spent more than 14,000 hours diving on sites using advanced robotic technology. Our expert team has discovered hundreds of shipwrecks ranging from third-century BC Punic sites to WWII casualties. We’ve also explored some of the most famous shipwreck finds to date.
Our important discoveries also uncover priceless new knowledge and history from the depths. As we recover these shipwreck treasures, once believed lost forever, we also resurrect intriguing stories that offer a rare and fascinating window into historic events which would otherwise remain obscure.
Closing share price
|FY, 2010||FY, 2011||FY, 2012||FY, 2013||FY, 2014||FY, 2015|
|$21 M||$15.7 M||$13.2 M||$23.9 M||$1.32 M||$5.33 M|
Cost of goods sold
|$191 K||$415 K||$236 K||$695 K||$247 K||$1.45 M|
|$20.8 M||$15.3 M||$13 M||$23.2 M||$1.08 M||$3.88 M|
Gross profit Margin, %
|$-17 M||$-28.2 M||$-21.5 M|
Operating expense total
|$40.9 M||$29.5 M||$26.9 M|
|$516 K||$1.16 M||$6.26 M||$3.58 M||$1.56 M||$4.55 M|
Income tax expense
|$496 K||$-481 K|
|$-10.7 M||$-28.7 M||$-21.3 M|
Operating cash flow
|$11.2 M||$-18.2 M||$-902 K|