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Odyssey Marine Exploration Inc   (OMEX)
Other Ticker:  
 
    Sector  Services    Industry Cruise and Shipping
   Industry Cruise and Shipping
   Sector  Services

Odyssey Marine Exploration Inc 's

Competitiveness


 

OMEX Sales vs. its Competitors Q2 2023







Revenue Growth Comparisons




Net Income Comparison


Odyssey Marine Exploration Inc , faster than the decline experienced by the competitors recorded a net loss, as well as most of its competitors.

<<  OMEX Stock Performance Comparisons


Odyssey Marine Exploration Inc 's Comment on Competitors and Industry Peers


Odyssey shipwreck recovery projects are focused on deep-sea sites where competition is limited due to the expertise and specialized equipment needed to operate at such depths. There are a number of companies that publicly identify themselves as engaged in aspects of the shipwreck business, but they do not compete directly with us as an established deep-ocean archaeological shipwreck exploration company. These entities include, but are not limited to Blue Water Ventures, Mel Fisher’s Treasures, Deep Blue Marine, Marine Exploration, Inc., Oceanic Research and Recovery, Seafarer Exploration, Deep6 Ltd., Sub Sea Research, Earth Dragon Resources, Endurance Exploration Group and UnderSea Recovery Corporation. Some companies such as Phoenix International Holdings Inc. and Oceaneering International Inc. may provide deep-sea services to groups seeking to pursue deep sea projects. It is possible that one of these companies or some currently unknown group may locate and recover a shipwreck on our project roster; however, due to the breadth of our historical and archival research, the already completed sonar and deep-water ROV inspection efforts, and the number of shipwreck projects in various stages of development, we do not believe that competition from one or more of these entities, known or unknown, would materially affect our operating plan or alter our current business strategy.


Odyssey mineral exploration is conducted on both shallow and deep sea terrains. There are a number of companies that publicly identify themselves as engaged in aspects of deep-ocean mineral exploration or mining including Nautilus Minerals (NUS.TO), Neptune Minerals, and Chatham Rock Phosphate (CRP.NZ) as well as countries that are exploring options to utilize deep-ocean mineralized materials. As our mineral exploration business plan includes partnering with others in the industry, we view these entities as potential partners rather than pure competitors. As mineral rights are generally granted on an exclusive basis for a specific area or tenement, once licenses are granted we do not anticipate any competitive intrusion on those areas. It is possible that one of these companies or some currently unknown group may secure licenses on an area desired by Odyssey or one of our partners; but since exploration work does not start until licenses are secured, we do not believe that competition from one or more of these entities, known or unknown, would materially affect our operating plan or alter our current business strategy.





*Market share is calculated based on total revenue.

  News about Odyssey Marine Exploration Inc Contracts

Odyssey Marine Exploration Navigates Compliance Troubles and Revenue Slump Amidst Competitive Seas



Odyssey Marine Exploration Inc. (NASDAQ: OMEX), a leading subsea mineral exploration and validation firm, recently found itself in a predicament when it received a notice from Nasdaq Regulation stating that it was not in compliance with Nasdaq Rule 5250(c)(1). This non-compliance stems from the company's failure to submit its Form 10-Q for the quarter ending September 30, 2023, to the Securities and Exchange Commission (SEC). Additionally, the company's financial performance in the second quarter of 2023 revealed a significant decline in revenue compared to its competitors. This article delves into the potential consequences of non-compliance, analyzes the revenue decrease, and explores the competi...





Who are Odyssey Marine Exploration Inc 's Competitors?




Seafarer Exploration Corp
Share Performance



+502.04%
One Year



Seafarer Exploration Corp
Profile

Seafarer Exploration Corp is a company engaged in the exploration and recovery of historical shipwrecks and artifacts. Their business model involves using advanced technology and underwater robots to locate, retrieve, and preserve these maritime treasures. The company aims to generate revenue by selling recovered artifacts, licensing rights to the recovered shipwrecks, and providing educational and entertainment content related to their discoveries.

More about Seafarer Exploration Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 226.712 mill. $ - mill. $ -2.912 mill.



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