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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 2/10

vs
industry
vs
history
Cash-to-Debt 0.06
OMEX's Cash-to-Debt is ranked lower than
94% of the 708 Companies
in the Global Business Services industry.

( Industry Median: 1.37 vs. OMEX: 0.06 )
Ranked among companies with meaningful Cash-to-Debt only.
OMEX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.76 Max: No Debt
Current: 0.06
Equity-to-Asset -5.60
OMEX's Equity-to-Asset is ranked lower than
99% of the 690 Companies
in the Global Business Services industry.

( Industry Median: 0.50 vs. OMEX: -5.60 )
Ranked among companies with meaningful Equity-to-Asset only.
OMEX' s Equity-to-Asset Range Over the Past 10 Years
Min: -5.6  Med: 0.34 Max: 0.89
Current: -5.6
-5.6
0.89
Debt-to-Equity -1.27
OMEX's Debt-to-Equity is ranked lower than
99.99% of the 490 Companies
in the Global Business Services industry.

( Industry Median: 0.47 vs. OMEX: -1.27 )
Ranked among companies with meaningful Debt-to-Equity only.
OMEX' s Debt-to-Equity Range Over the Past 10 Years
Min: -14.42  Med: 0.06 Max: 26.04
Current: -1.27
-14.42
26.04
Debt-to-EBITDA -3.14
OMEX's Debt-to-EBITDA is ranked lower than
99.99% of the 478 Companies
in the Global Business Services industry.

( Industry Median: 2.03 vs. OMEX: -3.14 )
Ranked among companies with meaningful Debt-to-EBITDA only.
OMEX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.46  Med: -0.88 Max: -0.15
Current: -3.14
-4.46
-0.15
Piotroski F-Score: 3
Altman Z-Score: -109.30
Beneish M-Score: -7.72
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Operating Margin % -215.71
OMEX's Operating Margin % is ranked lower than
97% of the 701 Companies
in the Global Business Services industry.

( Industry Median: 5.58 vs. OMEX: -215.71 )
Ranked among companies with meaningful Operating Margin % only.
OMEX' s Operating Margin % Range Over the Past 10 Years
Min: -2130.99  Med: -305.92 Max: -70.95
Current: -215.71
-2130.99
-70.95
Net Margin % -210.20
OMEX's Net Margin % is ranked lower than
96% of the 701 Companies
in the Global Business Services industry.

( Industry Median: 3.61 vs. OMEX: -210.20 )
Ranked among companies with meaningful Net Margin % only.
OMEX' s Net Margin % Range Over the Past 10 Years
Min: -2000.98  Med: -239.69 Max: -44.92
Current: -210.2
-2000.98
-44.92
ROA % -179.54
OMEX's ROA % is ranked lower than
98% of the 712 Companies
in the Global Business Services industry.

( Industry Median: 3.29 vs. OMEX: -179.54 )
Ranked among companies with meaningful ROA % only.
OMEX' s ROA % Range Over the Past 10 Years
Min: -179.54  Med: -72.97 Max: -27.42
Current: -179.54
-179.54
-27.42
ROC (Joel Greenblatt) % -513.02
OMEX's ROC (Joel Greenblatt) % is ranked lower than
95% of the 701 Companies
in the Global Business Services industry.

( Industry Median: 20.87 vs. OMEX: -513.02 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
OMEX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -513.02  Med: -224.63 Max: -127.33
Current: -513.02
-513.02
-127.33
3-Year Revenue Growth Rate -44.30
OMEX's 3-Year Revenue Growth Rate is ranked lower than
95% of the 614 Companies
in the Global Business Services industry.

( Industry Median: 4.50 vs. OMEX: -44.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
OMEX' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -29.95 Max: 679.6
Current: -44.3
0
679.6
3-Year EBITDA Growth Rate -17.50
OMEX's 3-Year EBITDA Growth Rate is ranked lower than
85% of the 544 Companies
in the Global Business Services industry.

( Industry Median: 4.50 vs. OMEX: -17.50 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
OMEX' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -29.5  Med: 3 Max: 184.8
Current: -17.5
-29.5
184.8
3-Year EPS without NRI Growth Rate -19.50
OMEX's 3-Year EPS without NRI Growth Rate is ranked lower than
80% of the 500 Companies
in the Global Business Services industry.

( Industry Median: 6.30 vs. OMEX: -19.50 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
OMEX' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -7.9 Max: 65.8
Current: -19.5
0
65.8
GuruFocus has detected 5 Warning Signs with Odyssey Marine Exploration Inc OMEX.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» OMEX's 30-Y Financials

Financials (Next Earnings Date: 2017-11-09)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Guru Trades

Q2 2015

OMEX Guru Trades in Q2 2015

Paul Tudor Jones 38,583 sh (unchged)
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Q3 2015

OMEX Guru Trades in Q3 2015

Paul Tudor Jones 38,583 sh (unchged)
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Q4 2015

OMEX Guru Trades in Q4 2015

Paul Tudor Jones 38,583 sh (unchged)
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Q1 2016

OMEX Guru Trades in Q1 2016

Paul Tudor Jones Sold Out
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Insider Trades

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Business Description

Industry: Business Services » Business Services    NAICS: 541720    SIC: 8732
Compare:TSE:4304, NAS:FH, XKRX:049720, TSXV:DLS, OTCPK:ACAN, XSAT:EURO, NAS:WHLM, WAR:VOT, AMEX:CTEK, XKLS:7241, TSE:7812, LSE:BILB, XKRX:063440, BOM:539229, ROCO:5209, OSTO:LAUR, BOM:533289, HKSE:08251, NGO:4649, ISX:JTPE » details
Traded in other countries:OYM1.Germany,
Headquarter Location:USA
Odyssey Marine Exploration Inc is engaged in deep-ocean exploration. The Company's techniques are applied to shipwreck cargo recovery and other marine survey and exploration charter services.

Odyssey Marine Exploration Inc is engaged in deep-ocean exploration. The Company's techniques are applied to shipwreck cargo recovery and other marine survey and exploration charter services.

Top Ranked Articles about Odyssey Marine Exploration Inc

Odyssey Marine Exploration Reports Second Quarter 2017 Results And Provides Operations Update
Odyssey Marine Exploration Reports First Quarter 2017 Results
Odyssey Marine Exploration Reports Full Year 2016 Results

TAMPA, Fla., March 10, 2017 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, reports results for full year ended December 31, 2016.
2016 Highlights Generated $4.7 million in revenue from operations, compared to $3.4 million in revenue from operations in 2015, a 38% increase.Continued to actively manage costs, reducing operating expenses 43% from prior yearDecreased net loss 65% from $18.2 million in 2015 to $6.3 million in 2016, with the net loss per share decreased from $2.46 in 2015 to $.84 per share in 2016.Launched CLIO Offshore, a division of Odyssey, which is focused on generating cash from the provision of services to the third-party clients including survey, remotely operated vehicle (ROV) and recovery services. This allows us to leverage our seasoned technical team and assets between major projects.Completed the first contract for offshore services for our shipwreck business partner using Odyssey technology and marine personnel, resulting in revenue of $2.9 million.Continued to support subsidiaries’ pursuit of environmental approval to begin recovery of phosphate sands from the Don Diego project and development of additional mineral projects. Seabed Mineral Exploration Update
The “Don Diego” deposit is the main focus of Odyssey’s mineral exploration division; however, new mineral projects are also in development. The company believes that the “Don Diego” deposit contains phosphate rock that can be extracted on a financially attractive basis and that the product will be attractive to Mexican and other world producers of fertilizers. Exploraciones Oceanicas S. R.L. de CV (ExO), the Mexican operating company with the mining concession containing the Don Diego phosphate deposit, has conducted extensive scientific testing of the mineralized phosphate material and the environmental impact of recovering the mineralized material from the seafloor.  ExO has been working with environmental experts on the impact assessment and permit process, with potential partners on the extraction program, and with financial advisors on the strategic growth alternatives. In order to move to the next phase of development of the deposit, Odyssey and its subsidiaries need the approval of an environmental permit application. An administrative, legal and political/educational process has been underway to achieve this goal. This process is expected to conclude in 2017. Odyssey indirectly owns 54% of the outstanding shares of a subsidiary, Oceanica Resources S. de. R.L., which owns ExO. Shipwreck Projects Update
Odyssey began conducting offshore services for our shipwreck business partner, Magellan Offshore Services, in 2016. Offshore work is currently underway on the second shipwreck services contract with Magellan which includes multiple targets. The master services agreement governing these projects states Odyssey will be paid cost plus a specified profit, and Odyssey will receive 21.25% of net returns, if any, from these projects. Odyssey also offers its marine exploration services to third party companies.  This may be for mineral exploration, environmental studies, subsea surveys, and other off-shore work requiring specialized vessels, equipment and personnel.  Management Commentary
“We’re looking forward to an exciting and positive 2017. Our marine operations team is already offshore working on a new project for our shipwreck partner, Magellan. This is the second of what we expect to be many additional fully funded shipwreck projects,” said Mark Gordon, Odyssey CEO. “We’re focused on increasing cash generated from marine services, and we’re pursuing an active pipeline of projects for existing and new clients. “Our onshore team has been hard at work developing plans to begin generating revenue from the Don Diego phosphate deposit as soon as possible after the environmental approval is obtained. Although we have been disappointed by the results of the administrative process for environmental approval at SEMARNAT, it was a necessary step in our multi-pronged strategy to achieve ultimate approval of the project. We have augmented the approval process with a legal mechanism that has strict deadlines and is normally completed within 8 months,” Gordon continued. “We remain confident in the extensive scientific documentation that demonstrates the offshore extraction of phosphate can be accomplished without harming the local environment, fishing and tourist activities, and we continue to believe in the ultimate approval of the project. “As noted in our recent Form 10-K, we have recently arranged financing under terms that don’t cause dilution to either Odyssey or our position in Oceanica Resources but instead provides the lender with an equity opportunity in a new, early stage mineral development project. We are confident that between this funding mechanism, cash generated from operations and other funding available to us, we have the means to adequately fund the company through to a final decision on this matter. “We continue to be pleased with the level of support we are receiving from MINOSA and view the recent notification from Epsilon Acquisitions of their intent to convert $3 million of debt owed by Odyssey into Odyssey equity very positively.” Epsilon is an investment vehicle controlled by Mr. Alonso Ancira, who is the chairman of MINOSA's parent company, AHMSA. 2016 Financial Results Total revenue decreased by $0.6 million from $5.3 million in 2015 to $4.7 million in 2016.  The 2016 revenue is from providing customers deep-sea surveying services as well as a shipwreck search and recovery operation.  $3.4 million of the revenue in 2015 resulted from providing marine exploration services for a shipwreck recovery project in the fourth quarter, and $1.9 million of the 2015 revenue resulted from the sale of inventory items such as coins.     Marketing, general and administrative expenses decreased from $11.5 million in 2015 to $7.9 million in 2016.  This decrease of $3.6 million in 2016 is primarily due to (i) a reduction in corporate staffing of $0.9 million, (ii) reduced legal fees of $0.4 million which were greater in 2015 due to transaction costs related to the Stock Purchase Agreement with MINOSA, (iii) a reduction of $0.6 million in share-based compensation primarily due to the accelerated vesting of restricted stock units related to the retirement of the Company’s General Counsel in June 2015 as well as the reduction in outstanding instruments, (iv) a $0.2 reduction is outside contracted services, (v) a $0.9 million reduction in professional services primarily related to the asset sale that occurred on December 10, 2015 and (vi) a $0.5 million decrease due to our corporate cost reduction initiatives. Operations and research expenses were $8.3 million in 2016 as compared to $11.4 million in 2015.  The decrease of $3.1 million in 2016 is primarily due to (a) lower costs in 2016 associated with the Dorado Discovery vessel which incurred charter related costs in 2015 of approximately $1.0 million, (b) a reduction in outside contract labor due to a greater amount of 2015 operations of our vessel, Odyssey Explorer, and its related sale in 2016, (c) a $0.5 million reduction in mineral professional services that was related to the preparation of our environmental application in 2015 and (d) a 2015 Odyssey Explorer dry dock maintenance cost of $1.0 million that did not occur in 2016.  Operations and research, other for 2016 of $1.0 million is a gain resulting from the sale of two marine assets.  Of this gain, $0.8 million is a non-cash gain resulting from the settlement of trade debt. The net loss for 2016 was $6.3 million or $(0.84) per share, as compared to a net loss of $18.2 million or $(2.46) per share in 2015. Consolidated financial statements as well as Odyssey’s Annual Report on Form 10-K for the year ended December 31, 2016, are available on the company's website at www.odysseymarine.com as well as at www.sec.gov.  Shareholders with questions about Odyssey’s fourth quarter and full year 2016 results may submit inquiries by emailing [email protected].  About Odyssey Marine Exploration
Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) is engaged in deep-ocean exploration using innovative methods and state-of-the-art technology for shipwreck projects and mineral exploration. For additional details, please visit www.odysseymarine.com.  Forward Looking Information
Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the Securities and Exchange Commission on March 10, 2017. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties, and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey's projections will depend upon unpredictable future events, many of which are beyond Odyssey's control and, accordingly, no assurance can be given that Odyssey's assumptions will prove true or that its projected results will be achieved. Cautionary Note to U.S. Investors 
The U.S. Securities and Exchange Commission (SEC) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as “measured”, “indicated,” “inferred” and “resources,” which the SEC guidelines strictly prohibit us from including in our filings with the SEC. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. U.S. investors are cautioned not to assume that part or all of the inferred mineral resource exists, or is economically or legally mineable, and are urged to consider closely the disclosures in our Form 10-K which may be secured from us or from the SEC’s website at http://www.sec.gov/edgar.shtml.
CONTACT:
Laura Barton
Odyssey Marine Exploration, Inc.
(813) 876-1776 x 2562
[email protected]

Read more...

Ratios

vs
industry
vs
history
PS Ratio 7.55
OMEX's PS Ratio is ranked lower than
91% of the 685 Companies
in the Global Business Services industry.

( Industry Median: 1.35 vs. OMEX: 7.55 )
Ranked among companies with meaningful PS Ratio only.
OMEX' s PS Ratio Range Over the Past 10 Years
Min: 2.36  Med: 15.3 Max: 73.28
Current: 7.55
2.36
73.28
EV-to-EBIT -4.97
OMEX's EV-to-EBIT is ranked lower than
99.99% of the 537 Companies
in the Global Business Services industry.

( Industry Median: 16.30 vs. OMEX: -4.97 )
Ranked among companies with meaningful EV-to-EBIT only.
OMEX' s EV-to-EBIT Range Over the Past 10 Years
Min: -29  Med: -8.4 Max: -1.5
Current: -4.97
-29
-1.5
EV-to-EBITDA -5.54
OMEX's EV-to-EBITDA is ranked lower than
99.99% of the 572 Companies
in the Global Business Services industry.

( Industry Median: 12.34 vs. OMEX: -5.54 )
Ranked among companies with meaningful EV-to-EBITDA only.
OMEX' s EV-to-EBITDA Range Over the Past 10 Years
Min: -120.2  Med: -9.8 Max: -1.7
Current: -5.54
-120.2
-1.7
EV-to-Revenue 10.55
OMEX's EV-to-Revenue is ranked lower than
94% of the 682 Companies
in the Global Business Services industry.

( Industry Median: 1.39 vs. OMEX: 10.55 )
Ranked among companies with meaningful EV-to-Revenue only.
OMEX' s EV-to-Revenue Range Over the Past 10 Years
Min: 3.8  Med: 17.2 Max: 91.1
Current: 10.55
3.8
91.1
Current Ratio 0.07
OMEX's Current Ratio is ranked lower than
99% of the 676 Companies
in the Global Business Services industry.

( Industry Median: 1.59 vs. OMEX: 0.07 )
Ranked among companies with meaningful Current Ratio only.
OMEX' s Current Ratio Range Over the Past 10 Years
Min: 0.02  Med: 0.82 Max: 30.31
Current: 0.07
0.02
30.31
Quick Ratio 0.07
OMEX's Quick Ratio is ranked lower than
99% of the 676 Companies
in the Global Business Services industry.

( Industry Median: 1.47 vs. OMEX: 0.07 )
Ranked among companies with meaningful Quick Ratio only.
OMEX' s Quick Ratio Range Over the Past 10 Years
Min: 0.02  Med: 0.75 Max: 30.31
Current: 0.07
0.02
30.31
Days Sales Outstanding 0.09
OMEX's Days Sales Outstanding is ranked higher than
100% of the 552 Companies
in the Global Business Services industry.

( Industry Median: 60.41 vs. OMEX: 0.09 )
Ranked among companies with meaningful Days Sales Outstanding only.
OMEX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.09  Med: 49.92 Max: 3049.39
Current: 0.09
0.09
3049.39

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -3.40
OMEX's 3-Year Average Share Buyback Ratio is ranked lower than
57% of the 454 Companies
in the Global Business Services industry.

( Industry Median: -1.70 vs. OMEX: -3.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
OMEX' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -61.8  Med: -10.95 Max: -3.4
Current: -3.4
-61.8
-3.4

Valuation & Return

vs
industry
vs
history
Price-to-Median-PS-Value 0.49
OMEX's Price-to-Median-PS-Value is ranked higher than
92% of the 598 Companies
in the Global Business Services industry.

( Industry Median: 1.15 vs. OMEX: 0.49 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
OMEX' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.15  Med: 1.42 Max: 187.5
Current: 0.49
0.15
187.5
Earnings Yield (Greenblatt) % -20.11
OMEX's Earnings Yield (Greenblatt) % is ranked lower than
93% of the 707 Companies
in the Global Business Services industry.

( Industry Median: 4.52 vs. OMEX: -20.11 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
OMEX' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -65.5  Med: -11.9 Max: -3.4
Current: -20.11
-65.5
-3.4

More Statistics

Revenue (TTM) (Mil) $4.12
EPS (TTM) $ -1.11
Beta4.27
Short Percentage of Float14.56%
52-Week Range $2.98 - 5.79
Shares Outstanding (Mil)8.39

Piotroski F-Score Details

Piotroski F-Score: 33
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

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