Odyssey Marine Exploration (NAS: OMEX) reported earnings on May 4. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Odyssey Marine Exploration beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share contracted.
Gross margins dropped, operating margins increased, net margins expanded.
Odyssey Marine Exploration logged revenue of $2.9 million. The two analysts polled by S&P Capital IQ foresaw a top line of $2.7 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $2.1 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 -$0.08. The two earnings estimates compiled by S&P Capital IQ anticipated -$0.04 per share. GAAP EPS were -$0.08 for Q1 compared to -$0.09 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 -78.8%, 180 basis points worse than the prior-year quarter. Operating margin was -160.1%, 2,050 basis points better than the prior-year quarter. Net margin was -189.0%, 5,810 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $5.5 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $16.3 million. The average EPS estimate is -$0.17.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 148 members out of 195 rating the stock outperform, and 48 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Odyssey Marine Exploration a green thumbs-up, and 19 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.
Over the decades, small-cap stocks, like Odyssey Marine Exploration have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
Add Odyssey Marine Exploration to My Watchlist.