ODYSSEY MARINE EXPLORATION INC

For the period ended Dec 31, 2023. Filed May 17, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed May 17, 2024

OMEX$10.75-0.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Year ended December 31, 2023	Year ended December 31, 2022 (As Restated)
REVENUE
Marine services	$779,581	$1,150,767
Other services	24,218	183,935
Total revenue	803,799	1,334,702
OPERATING EXPENSES
Marketing, general and administrative	6,843,181	9,427,428
Operations and research	4,298,179	9,760,470
Total operating expenses	11,141,360	19,187,898
LOSS FROM OPERATIONS	(10,337,561)	(17,853,196)
OTHER INCOME (EXPENSE)
Interest income	412,625	96,478
Interest expense	(5,039,952)	(2,301,794)
Loss on equity method investment	(278,910)	—
Gain on Cuota Appreciation Rights extinguishment	—	315,235
Gain on debt extinguishment	21,177,200	—
Change in derivative liabilities fair value	(8,302,866)	(9,914,545)
Other	(1,515,138)	(164,609)
Total other income (expense)	6,452,959	(11,969,235)
(LOSS) BEFORE INCOME TAXES	(3,884,602)	(29,822,431)
Income tax benefit	—	—
NET (LOSS)	(3,884,602)	(29,822,431)
Net loss attributable to noncontrolling interest	9,230,421	7,742,572
NET INCOME / (LOSS) attributable to Odyssey Marine Exploration, Inc.	$5,345,819	$(22,079,859)
NET INCOME / (LOSS) PER SHARE
Basic	$0.27	$(1.28)
Diluted	$0.27	$(1.28)
Weighted average number of common shares outstanding
Basic	19,943,633	17,310,915
Diluted	20,118,877	17,310,915

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.