Odyssey Marine Exploration (Nasdaq: OMEX ) reported earnings on Aug. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Odyssey Marine Exploration beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP loss per share improved.
Margins shrank across the board.
Odyssey Marine Exploration notched revenue of $1.4 million. The one analyst polled by S&P Capital IQ hoped for revenue of $1.4 million on the same basis. GAAP reported sales were 79% lower than the prior-year quarter's $6.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.21. The two earnings estimates compiled by S&P Capital IQ averaged -$0.11 per share. GAAP EPS were -$0.21 for Q2 against -$0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -576.0%, 60,710 basis points worse than the prior-year quarter. Operating margin was -750.1%, 74,510 basis points worse than the prior-year quarter. Net margin was -1092.8%, 106,420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $5.2 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $15.9 million. The average EPS estimate is -$0.31.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 145 members out of 194 rating the stock outperform, and 49 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Odyssey Marine Exploration a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Odyssey Marine Exploration is buy, with an average price target of $5.00.
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