Odyssey Marine Exploration Reports Second Quarter 2018 Results
Odyssey Marine Exploration, Inc. (OMEX)
US:NASDAQ Investor Relations:
ir.odysseymarine.com/investor-relations
Company Research
Source: GlobeNewswire
TAMPA, Fla., Aug. 09, 2018 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, reported results for the second quarter ended June 30, 2018, and provided an update on current projects. “We have been very productive both onshore and offshore as our global team continues to achieve goals necessary to complete the company’s transformation. In the near-term, we expect to begin generating returns from operations sufficient to cover current operating expenses, and we look forward to working with the Mexican authorities to develop the strategic phosphate resource for the benefit of Mexico,” said Mark Gordon, CEO and President of Odyssey Marine Exploration, Inc. “We’re continuing to manage our cash carefully, achieving an additional 27% reduction in operating expenses compared to second quarter of 2017, and we’re keeping external funding to a minimum to bridge to the cash we soon expect from operations. Our efforts remai
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