During the corresponding time, Odyssey Marine Exploration Inc saw a revenue deteriorated by -42.33 % year on year, sequentially revenue grew by 246.02 %. While revenue at the Odyssey Marine Exploration Inc 's corporate clients
Odyssey Marine Exploration Inc's Comment on Sales, Marketing and Customers
Select duplicate cargo items considered “trade goods” (coins, bullion
and other mass-produced trade goods or cargo) are made available for sale to collectors
only after conservation, thorough documentation and study. The cultural collection
of artifacts is kept in our permanent collection for exhibit and further study
or made available to museums or other institutions. Replicas are created of some
of the permanent collection’s significant artifacts and are made available
for sale to the public.
The recovery of coins and artifacts from the SS Republic required us to create
a marketing plan specifically to sell these coins and artifacts. Initially, coins
were sold to independent coin dealers who sold them through direct marketing and
television outlets. The SS Republic silver coin program was re-developed in 2008
to take advantage of emerging research on the silver coins from the SS Republic.
This included the release of the 1861-O silver half dollar issued by the State
of Louisiana in between the time it seceded from the Union and when it joined
the Confederate States of America. Additionally, Odyssey has continued to expand
distribution channels in recent years with a broader base of coin and collectible
marketers, including opening markets overseas.
Odyssey Marine Exploration Inc’s Comment on Sales, Marketing and Customers
Select duplicate cargo items considered “trade goods” (coins, bullion
and other mass-produced trade goods or cargo) are made available for sale to collectors
only after conservation, thorough documentation and study. The cultural collection
of artifacts is kept in our permanent collection for exhibit and further study
or made available to museums or other institutions. Replicas are created of some
of the permanent collection’s significant artifacts and are made available
for sale to the public.
The recovery of coins and artifacts from the SS Republic required us to create
a marketing plan specifically to sell these coins and artifacts. Initially, coins
were sold to independent coin dealers who sold them through direct marketing and
television outlets. The SS Republic silver coin program was re-developed in 2008
to take advantage of emerging research on the silver coins from the SS Republic.
This included the release of the 1861-O silver half dollar issued by the State
of Louisiana in between the time it seceded from the Union and when it joined
the Confederate States of America. Additionally, Odyssey has continued to expand
distribution channels in recent years with a broader base of coin and collectible
marketers, including opening markets overseas.
Sources:
Odyssey Marine Exploration Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Odyssey Marine Exploration Inc’s corporate clients.
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