Odyssey Marine Exploration (OMEX) AI Stock Analysis

• Market Cap: $32.28M
• Dividend Yield: N/A
• Average Volume (3M): 3.38M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.95
• Revenue Growth: -2.44%
• EPS Growth: N/A
• Country: US
• Employees: 11
• Sector: Industrials
• Sector Strength: 88
• Industry: Specialty Business Services
• EPS (TTM): 0.01
• Shares Outstanding: 31,335,539
• 10 Day Avg. Volume: 1,740,840
• 30 Day Avg. Volume: 3,379,036
• PEG Ratio: -0.04
• Price to Book (P/B): -2.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.34
• Enterprise Value/Market Cap: 3.49
• Enterprise Value/Revenue: 37.17
• Enterprise Value/Gross Profit: -53.95
• Enterprise Value/Ebitda: 2.94
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: $1.00 ▼(-6.54%Downside)

The most significant factor is the company's precarious financial position, with consistent operating losses and negative equity, heavily weighing down the score. Technical indicators suggest some positive momentum, while the successful resolution of Nasdaq compliance issues adds a positive element. However, the negative P/E ratio and lack of dividend yield highlight valuation concerns.

Odyssey Marine Exploration Business Overview & Revenue Model

Company Description

Odyssey Marine Exploration, Inc. (OMEX) is a deep-ocean exploration company specializing in the discovery, development, and extraction of deep-ocean mineral resources. The company focuses on the exploration and recovery of critical minerals from the ocean floor, leveraging advanced technology and expertise in marine operations. Odyssey's mission is to identify and develop high-value mineral deposits, contributing to the global supply of essential resources needed for various industries.

How the Company Makes Money

Odyssey Marine Exploration generates revenue primarily through the exploration and eventual monetization of undersea mineral resources. The company identifies and secures rights to potential sites rich in minerals such as polymetallic nodules, phosphorites, and seafloor massive sulfides, which contain valuable metals like copper, gold, and rare earth elements. Revenue is earned through the sale of recovered minerals, joint ventures, or partnerships with other entities interested in the commercial exploitation of these resources. Strategic partnerships with governments and mining companies also play a crucial role in financing exploration activities and sharing the proceeds from resource extraction.

Odyssey Marine Exploration Financial Statement Overview

Summary

Odyssey Marine Exploration faces substantial financial challenges, with unstable revenue, consistent operating losses, and a weak capital structure. Despite some improvements in free cash flow, the company's negative equity and significant leverage pose considerable 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
700.61K	768.68K	803.80K	1.33M	921.24K	2.04M
	Gross Profit
-2.09M	-2.34M	-3.49M	-8.56M	-8.63M	-8.89M
	EBIT
-9.51M	-12.00M	-10.34M	-17.04M	-14.95M	-12.64M
	EBITDA
10.94M	12.97M	1.58M	-27.27M	-5.14M	-14.03M
	Net Income Common Stockholders
14.40M	15.66M	5.35M	-23.14M	-9.96M	-14.81M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.46B	4.79M	4.02M	1.44M	2.27M	6.16M
	Total Assets
15.83B	18.49M	22.75M	13.28M	8.91M	11.76M
	Total Debt
13.63B	22.94M	23.45M	47.06M	42.36M	43.21M
	Net Debt
11.17B	18.14M	19.42M	45.62M	40.08M	37.05M
	Total Liabilities
72.12B	97.58M	108.66M	89.83M	71.40M	69.67M
	Stockholders Equity
-56.29B	-56.62B	-32.48M	-32.35M	-26.03M	-27.63M
Cash Flow		Free Cash Flow
-1.95B	557.99K	-11.52M	-10.60M	-5.44M	-9.18M
	Operating Cash Flow
-1.95B	519.39K	-10.17M	-9.25M	-5.43M	-9.18M
	Investing Cash Flow
19.59K	-84.35K	-1.03M	-2.35M	322.99K	0.00
	Financing Cash Flow
-376.51M	212.03K	13.78M	10.77M	1.21M	15.13M

Odyssey Marine Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.07
• 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 1.07 is above the 20-day moving average (MA) of 0.92, above the 50-day MA of 0.83, and above the 200-day MA of 0.91, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 78.16 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	$24.62M	2.10	-11.99%	―	-12.74%	751.07%
Sector *	66 Neutral	$4.51B	12.29	5.40%	3.67%	4.15%	-12.21%
ACTG	60 Neutral	$368.34M	7.73	-2.09%	―	65.22%	-133.47%
OMEX	52 Neutral	$32.28M	―		―	-2.44%	―
NTIP	45 Neutral	$28.10M	―	-5.44%	8.13%	-87.89%	-44.93%
SST	40 Underperform	$41.14M	―	-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.