Odyssey Marine Exploration (OMEX) AI Stock Analysis

• Market Cap: $122.62M
• Dividend Yield: N/A
• Average Volume (3M): 3.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.98
• Revenue Growth: -41.55%
• EPS Growth: -249.30%
• Country: US
• Employees: 11
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Specialty Business Services
• EPS (TTM): -0.31
• Shares Outstanding: 55,738,490
• 10 Day Avg. Volume: 6,278,687
• 30 Day Avg. Volume: 3,396,252
• PEG Ratio: <0.01
• Price to Book (P/B): -0.93
• Price to Sales (P/S): 19.65
• P/FCF Ratio: 27.07
• Enterprise Value/Market Cap: 0.19
• Enterprise Value/Revenue: 50.42
• Enterprise Value/Gross Profit: -16.12
• Enterprise Value/Ebitda: 0.02
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $2.00 ▼(-13.04% Downside)

The score is held down primarily by weak financial performance—shrinking revenue, persistent operating losses, negative equity, and renewed TTM cash burn. Technical indicators are modestly supportive and a recent debt reduction event helps, but losses (negative P/E) and dilution risk limit the overall outlook.

Positive Factors

Debt Reduction

Debt conversion into equity reduces financial leverage and interest obligations, improving long-term financial stability and flexibility.

Cash Flow Improvement

Positive free cash flow indicates better cash management, enhancing the company's ability to reinvest in operations and reduce debt.

Strategic Partnerships

Strategic partnerships enhance revenue streams and provide credibility, supporting sustainable business operations and market position.

Negative Factors

Revenue Volatility

Volatile revenue streams can hinder long-term planning and investment, impacting the company's ability to sustain operations.

Operational Inefficiencies

Negative margins reflect poor cost control and profitability, challenging the company's ability to achieve sustainable growth.

Weak Capital Structure

A weak capital structure with negative equity limits financial flexibility and increases insolvency risks, affecting long-term viability.

Odyssey Marine Exploration Business Overview & Revenue Model

Company Description

Odyssey Marine Exploration, Inc., together with its subsidiaries, discovers, validates, and develops seafloor resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. It also offers resource assessment, project planning, research, and project management services. The company was founded in 1986 and is headquartered in Tampa, Florida.

How the Company Makes Money

Odyssey Marine Exploration generates revenue through several key streams, primarily from salvaging and recovering valuable artifacts from shipwrecks and underwater sites, which are then sold at auction or through private sales. The company also partners with governments, museums, and private collectors for the legal and ethical recovery of items, which can include a share of any findings. Additionally, OMEX engages in research and development projects that focus on marine resources, potentially tapping into revenues derived from the extraction and sale of precious metals and other materials discovered during their explorations. The company may also receive funding or grants related to heritage preservation and marine archaeology, contributing to its overall earnings.

Odyssey Marine Exploration Financial Statement Overview

Summary

Odyssey Marine Exploration faces considerable financial challenges, characterized by unstable revenue, consistent operating losses, and a weak capital structure. Although 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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	467.12K	768.68K	803.80K	1.33M	921.24K	2.04M
Gross Profit	-1.46M	-2.34M	-3.49M	-8.43M	-8.63M	-8.89M
EBITDA	1.32B	12.97M	1.58M	-27.27M	-5.14M	-14.03M
Net Income	-30.68M	15.66M	5.35M	-22.08M	-9.96M	-14.81M
Balance Sheet
Total Assets	17.74M	18.49M	22.75M	13.87M	8.91M	11.76M
Cash, Cash Equivalents and Short-Term Investments	5.82M	4.79M	4.02M	1.44M	2.27M	6.16M
Total Debt	11.86M	22.94M	23.45M	22.71M	42.36M	43.21M
Total Liabilities	101.04M	97.58M	108.66M	102.55M	71.40M	69.67M
Stockholders Equity	-45.40M	-16.24M	-32.48M	-44.48M	-26.03M	-27.63M
Cash Flow
Free Cash Flow	-7.92M	557.99K	-11.52M	-11.69M	-5.44M	-9.18M
Operating Cash Flow	-7.92M	642.34K	-10.17M	-10.21M	-5.43M	-9.18M
Investing Cash Flow	-159.09K	-84.35K	-1.03M	-2.48M	322.99K	0.00
Financing Cash Flow	11.03M	212.03K	13.78M	11.86M	1.21M	15.13M

Odyssey Marine Exploration Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMEX, the sentiment is Negative. The current price of 2.3 is above the 20-day moving average (MA) of 2.16, above the 50-day MA of 2.08, and above the 200-day MA of 1.65, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.73 is Neutral, neither overbought nor oversold. The STOCH value of 36.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OMEX.

Odyssey Marine Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CASS	69 Neutral	$553.07M	18.17	11.44%	2.98%	-4.96%	39.42%
ACTG	63 Neutral	$368.48M	75.86	0.90%	―	71.28%	-89.20%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CVEO	54 Neutral	$282.35M	-11.79	-12.34%	4.25%	-10.51%	-247.97%
OMEX	47 Neutral	$122.62M	-2.20	―	―	-41.55%	-249.30%
PMEC	42 Neutral	$37.99M	-18.34	-13.00%	―	2.52%	45.76%
SST	41 Neutral	$43.99M	-0.52	-99.29%	―	-20.49%	25.95%