Odyssey Marine Exploration Inc. (Nasdaq:OMEX) filed a quarterly report with the Securities and Exchange Commission detailing results of the Company's second quarter 2011. For the second quarter of 2011, Odyssey reported revenue of $6.7 million, compared to $4.3 million in the second quarter 2010. The Company also reported a quarterly net loss of $1.9 million, compared to a net loss of $3.5 million in 2010. The net loss per share for the second quarter was $0.07, compared to a net loss of $0.05 per share in the second quarter 2010. In calculating the net loss per share available to shareholders, an additional $2.6 million is added to the GAAP net loss for non-cash transactions of the Series G redeemable preferred stock and warrants as explained in the Notes to the Financial Statements.


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