Odyssey Marine Exploration Inc (OMEX)

Odyssey Marine Exploration, Inc. engages in the exploration and recovery of deep-ocean shipwrecks worldwide. The company sells coins, artifacts, and merchandise, as well as leases its themed attraction exhibit. In addition, it engages in the production of shipwreck exploration television series. The company sells coins and artifacts through dealers. Odyssey Marine Exploration, Inc. was founded in 1986 and is headquartered in Tampa, Florida.

For the nine months ended 30 September 2006, Odyssey Marine Exploration Inc.'s revenues fell 58% to $3.4M. Net loss totaled $14.3M, up from $7.1M. Revenues reflect decreased sales of gold & silver coins due to a lower availability of high-value numismatic gold coins and sales to fewer independent coin dealers. Higher loss also reflects increased marketing, general & administrative expenses and higher operations & research expenses.