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Slower coin sales at Tampa treasure hunter Odyssey Marine

Tampa treasure hunting company Odyssey Marine Exploration Inc. said slower sales of gold and other coins from shipwrecks it has discovered reduced its revenue for the second quarter.

Revenue fell to $1.1-million from $1.7-million in the same period of 2007, and Odyssey reported a quarterly loss of $5.4-million in the latest quarter compared with a $6.3-million loss in the same three-month period last year.

Odyssey said it continues to work on several potential shipwreck sites and is helping to develop an 11-episode primetime TV series for Discovery Channel scheduled to air in early 2009.

Slower coin sales at Tampa treasure hunter Odyssey Marine 08/11/08 [Last modified: Monday, August 11, 2008 2:02pm]
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