TAMPA, Fla., May 4, 2012 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), pioneers in the field of deep-ocean shipwreck exploration, today reported results for the first quarter of 2012. In addition, as previously announced, the Company will hold an operations update conference call with management at 10:30 a.m. ET (7:30 a.m. PT), today, May 4, 2012.
Revenue for the first quarter 2012 was $2.9 million, compared to $2.1 million in the first quarter 2011. The Company also reported a net loss of $5.5 million, compared to a net loss of $5.2 million in 2011. The net loss per share for the first quarter was $0.08, compared to a net loss of $0.09 per share in the first quarter 2011. The complete quarterly report is available at http://shipwreck.net/secfilings.php .
To access the conference call given by the Company today, dial into the phone number below or go to Odyssey's website at www.shipwreck.net/conferencecall.php. Please access the website 15 minutes prior to the conference call's start time to register, download and install the necessary audio software. The conference call will also be archived on Odyssey's website (www.shipwreck.net).
| Conference call details: | ||
| Date: | Friday, May 4, 2012 | |
| Time: | 10:30 a.m. ET (7:30 a.m. PT) | |
| Dial-in (U.S.): | 1-480-629-9692 or 1-800-762-8779 | |
| Dial-in (International): | +1-480-629-9692 | |
About Odyssey Marine Exploration, Inc.
Odyssey Marine Exploration, Inc. (Nasdaq:OMEX) is engaged in deep-ocean exploration using innovative methods and state-of-the-art technology. The Company is a world leader in shipwreck exploration, conducting extensive search and archaeological recovery operations on deep-ocean shipwrecks around the world. Odyssey also has a minority ownership stake in Neptune Minerals, a company focused on discovering and commercializing high-value mineral deposits from the ocean floor. Odyssey also provides contracting services, including proprietary deep-ocean expertise and equipment, to governments and companies around the world.
For details on Odyssey's activities and its commitment to the preservation of maritime heritage please visit www.shipwreck.net.
The Odyssey Marine Exploration, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7185
Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2011, which has been filed with the Securities and Exchange Commission.