G.I.B.
Gold Member
- Joined
- Feb 23, 2007
- Messages
- 7,187
- Reaction score
- 8,539
- Golden Thread
- 0
- Location
- North Central Florida
- 🏆 Honorable Mentions:
- 1
- Detector(s) used
- CTX 3030 / GTI 2500 / Infinium LS / Tesoro Sand Shark / 1 Garrett Pro-pointer / 1 Carrot / Vibra Probe 580 (out on loan) / Lesche M85 / Mark1 MOD1 EyeBall
- Primary Interest:
- Other
- #1
Thread Owner
Tampa Bay Times newspaper article by Robert Trigaux
FULL ARTICLE LINK
(in part states)
Tampa's Odyssey Marine Exploration knows all about the crushing deep-sea pressure associated with shipwreck treasure hunting. But can it survive the growing financial squeeze of a dwindling stock price, another round of renegotiated and heavily leveraged debts, selling off assets that include one of its corporate buildings, and heavy, ongoing quarterly losses?
Where to start? The company Friday morning reported quarterly earnings with revenue of $1.5 million, up from just $200,000 in the same quarter of 2014 — funds generated almost entirely by the sale of coins recovered earlier from the shipwreck SS Republic. Otherwise, Odyssey is generating little if any revenue at the moment.
Odyssey lost $4.6 million in the latest quarter, on top of a $7.4 million loss a year earlier. It has generated $2 million in revenue in 2015's first nine months while losing more than $20 million.
FULL ARTICLE LINK
(in part states)
Tampa's Odyssey Marine Exploration knows all about the crushing deep-sea pressure associated with shipwreck treasure hunting. But can it survive the growing financial squeeze of a dwindling stock price, another round of renegotiated and heavily leveraged debts, selling off assets that include one of its corporate buildings, and heavy, ongoing quarterly losses?
Where to start? The company Friday morning reported quarterly earnings with revenue of $1.5 million, up from just $200,000 in the same quarter of 2014 — funds generated almost entirely by the sale of coins recovered earlier from the shipwreck SS Republic. Otherwise, Odyssey is generating little if any revenue at the moment.
Odyssey lost $4.6 million in the latest quarter, on top of a $7.4 million loss a year earlier. It has generated $2 million in revenue in 2015's first nine months while losing more than $20 million.
