- Performed contracted offshore services for our shipwreck business partner, using Odyssey technology and marine personnel, resulting in revenue of $2.9 million.
- Increased revenue 98%, or $1.4 million, compared to the same quarter last year.
- Decreased net loss 53% to $2.1 million compared to $4.6 million in the same quarter last year.
- Increased the total amount of cash available to Odyssey from Epsilon Acquisitions to $6.0 million from $3.0 million through a revised debt instrument with no additional increase in collateral. Epsilon is an investment vehicle controlled by Mr. Alonso Ancira, who is the chairman of MINOSA's parent company, AHMSA.
TAMPA, Fla., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), a pioneer in the field of deep-ocean exploration, reported results for the third quarter ended September 30, 2016. Third Quarter 2016 Highlights