Odyssey Marine Exploration (OMEX) AI Stock Analysis

• Market Cap: $52.02M
• Dividend Yield: N/A
• Average Volume (3M): 2.84M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.92
• Revenue Growth: -2.44%
• EPS Growth: N/A
• Country: US
• Employees: 11
• Sector: Industrials
• Sector Strength: 94
• Industry: Specialty Business Services
• EPS (TTM): N/A
• Shares Outstanding: 31,335,539
• 10 Day Avg. Volume: 3,923,027
• 30 Day Avg. Volume: 2,838,157
• PEG Ratio: -0.28
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.03
• Enterprise Value/Market Cap: 215.72
• Enterprise Value/Revenue: 3.70K
• Enterprise Value/Gross Profit: -5.37K
• Enterprise Value/Ebitda: 292.91
• 1Y Price Target: $1.50
• Price Target Upside: -5.66% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 55 Neutral
• Price Target: $1.50 ▼(-5.66%Downside)

Odyssey Marine Exploration's stock score is primarily influenced by its substantial financial challenges, which include unstable revenue and a weak capital structure. While technical analysis indicates strong momentum, poor valuation metrics and financial instability weigh heavily on the overall score. Recent corporate events positively impacted investor sentiment but did not significantly alter the stock's risk profile.

Odyssey Marine Exploration Business Overview & Revenue Model

Company Description

Odyssey Marine Exploration, Inc. (OMEX) is a deep-ocean exploration company that specializes in discovering, recovering, and conserving shipwrecks and other valuable marine resources. Operating within sectors such as marine archaeology, salvage, and oceanography, the company leverages advanced technology and extensive expertise to locate historically significant and commercially valuable underwater sites. OMEX is committed to conducting responsible exploration while contributing to the broader understanding of maritime history.

How the Company Makes Money

Odyssey Marine Exploration makes money primarily through the recovery and sale of valuable artifacts and materials discovered during its deep-sea exploration missions. The company often enters into revenue-sharing agreements with governments, museums, and other stakeholders to monetize the recovered items. Additionally, OMEX may secure funding through partnerships, joint ventures, or licensing agreements with organizations interested in its exploration technology or archaeological expertise. Revenue is also generated through consulting services and the sale of media rights related to its expeditions.

Odyssey Marine Exploration Financial Statement Overview

Summary

Odyssey Marine Exploration is facing considerable financial challenges, characterized by unstable revenue, consistent operating losses, and a weak capital structure. While there are signs of improved free cash flow, the company's overall financial health remains precarious, with significant leverage and negative equity posing substantial risks.

Income Statement

Odyssey Marine Exploration shows highly volatile revenue with a significant decline from 2023 to 2024. Despite a positive net income in the latest annual report, the company has persistent negative EBIT and EBITDA margins, indicating operational inefficiencies. The gross profit margin is effectively zero, pointing to a lack of cost control and profitability.

Balance Sheet

The company's balance sheet reflects financial instability with negative stockholders' equity, indicating potential insolvency risks. The debt-to-equity ratio is not meaningful due to negative equity, and the high total liabilities suggest a heavy reliance on debt financing. ROE is not applicable due to negative equity, and the equity ratio is negative, underlining weak capital structure and financial distress.

Cash Flow

Cash flow analysis highlights some improvement with positive free cash flow in the latest year, albeit inconsistent over time. The operating cash flow to net income ratio suggests better cash conversion in 2024. However, the cash flow remains insufficient to cover financial obligations, reflecting ongoing liquidity challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	768.68K	803.80K	1.33M	921.24K	2.04M
Gross Profit	-2.34M	-3.49M	-8.56M	-8.63M	-8.89M
EBITDA	12.97M	1.58M	-27.27M	-5.14M	-14.03M
Net Income	15.66M	5.35M	-23.14M	-9.96M	-14.81M
Balance Sheet
Total Assets	18.49M	22.75M	13.28M	8.91M	11.76M
Cash, Cash Equivalents and Short-Term Investments	4.79M	4.02M	1.44M	2.27M	6.16M
Total Debt	22.94M	23.45M	47.06M	42.36M	43.21M
Total Liabilities	97.58M	108.66M	89.83M	71.40M	69.67M
Stockholders Equity	-56.62B	-32.48M	-32.35M	-26.03M	-27.63M
Cash Flow
Free Cash Flow	557.99K	-11.52M	-10.60M	-5.44M	-9.18M
Operating Cash Flow	519.39K	-10.17M	-9.25M	-5.43M	-9.18M
Investing Cash Flow	-84.35K	-1.03M	-2.35M	322.99K	0.00
Financing Cash Flow	212.03K	13.78M	10.77M	1.21M	15.13M

Odyssey Marine Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMEX, the sentiment is Positive. The current price of 1.59 is above the 20-day moving average (MA) of 1.38, above the 50-day MA of 1.16, and above the 200-day MA of 0.71, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 59.79 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OMEX.

Odyssey Marine Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGRP	67 Neutral	$26.78M	2.10	-32.31%	―	-12.74%	751.07%
Sector *	65 Neutral	$11.06B	15.73	5.16%	1.93%	3.12%	-25.59%
ACTG	57 Neutral	$363.53M	7.73	-2.09%	―	65.22%	-133.47%
NTIP	57 Neutral	$33.16M	―	-5.44%	6.87%	-87.89%	-44.93%
OMEX	55 Neutral	$52.02M	―		―	-2.44%	―
SST	54 Neutral	$70.36M	―	-80.45%	―	-19.84%	49.40%

Odyssey Marine Exploration Corporate Events

Odyssey Marine Exploration Forms Joint Venture in Mexico

Odyssey Marine Exploration, Inc. announced the formation of a joint venture with Capital Latinoamericano, S.A. de C.V. to develop a fertilizer production project in Mexico, with both parties holding equal equity interests. The company also authorized the capitalization of intercompany receivables and held its Annual Meeting of Stockholders, where key proposals such as the election of directors and executive compensation were approved, while others like the Authorized Capitalization and Reverse Split proposals did not pass.

Odyssey Marine Achieves Nasdaq Compliance Before Deadline

On May 7, 2025, Odyssey Marine Exploration was informed by Nasdaq that it had not regained compliance with the listing rule and faced delisting unless an appeal was made by May 14, 2025. However, by May 9, 2025, the company achieved compliance as its stock price met the $1.00 minimum bid requirement for ten consecutive days, resolving the issue and closing the matter.