OCEA Financial Statements

Balance sheet, income statement, cash flow, and dividends for Ocean Biomedical Inc (OCEA).


$22.49M Market Cap.

As of 11/26/2024 5:00 PM ET (MRY) • Disclaimer

OCEA Market Cap. (MRY)


OCEA Shares Outstanding (MRY)


OCEA Assets (MRY)


Total Assets

$5.50M

Total Liabilities

$96.26M

Total Investments

$3.39M

OCEA Income (MRY)


Revenue

$0

Net Income

-$114.47M

Operating Expense

$10.21M

OCEA Cash Flow (MRY)


CF Operations

-$9.43M

CF Investing

$0

CF Financing

$10.40M

OCEA Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

-

0%

-

OCEA Balance Sheet (MRY)


Metric

2023

2022

2021

Total Assets

$5,501,000 (198.64%)

$1,842,000 (2231.65%)

$79,000

Assets Current

$2,109,000 (14.50%)

$1,842,000 (2231.65%)

$79,000

Assets Non-Current

$3,392,000 (0%)

$0 (0%)

$0

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0

Shareholders Equity

-$90,763,000 (-738.92%)

-$10,819,000 (-62.40%)

-$6,662,000

Property Plant & Equipment Net

$0 (0%)

$0 (0%)

$0

Cash & Equivalents

$1,004,000 (2852.94%)

$34,000 (-43.33%)

$60,000

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0

Deferred Revenue

$0 (0%)

$0 (0%)

$0

Total Investments

$3,392,000 (0%)

$0 (0%)

$0

Investments Current

$0 (0%)

$0 (0%)

$0

Investments Non-Current

$3,392,000 (0%)

$0 (0%)

$0

Inventory

$0 (0%)

$0 (0%)

$0

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0

Trade & Non-Trade Payables

$16,185,000 (41.48%)

$11,440,000 (74.34%)

$6,562,000

Accumulated Retained Earnings (Deficit)

-$196,055,000 (-140.30%)

-$81,589,000 (-27.03%)

-$64,229,000

Tax Assets

$0 (0%)

$0 (0%)

$0

Tax Liabilities

$0 (0%)

$0 (0%)

$0

Total Debt

$12,118,000 (1461.60%)

$776,000 (0%)

$0

Debt Current

$12,118,000 (1461.60%)

$776,000 (0%)

$0

Debt Non-Current

$0 (0%)

$0 (0%)

$0

Total Liabilities

$96,264,000 (660.32%)

$12,661,000 (87.82%)

$6,741,000

Liabilities Current

$30,012,000 (137.04%)

$12,661,000 (87.82%)

$6,741,000

Liabilities Non-Current

$66,252,000 (0%)

$0 (0%)

$0

OCEA Income Statement (MRY)


Metric

2023

2022

2021

Revenues

$0 (0%)

$0 (0%)

$0

Cost of Revenue

$0 (0%)

$0 (0%)

$0

Selling General & Administrative Expense

$9,505,000 (23.25%)

$7,712,000 (-72.86%)

$28,412,000

Research & Development Expense

$709,000 (-91.57%)

$8,409,000 (-75.22%)

$33,933,000

Operating Expenses

$10,214,000 (-36.64%)

$16,121,000 (-74.14%)

$62,345,000

Interest Expense

$1,762,000 (0%)

$0 (0%)

$0

Income Tax Expense

$0 (0%)

$0 (0%)

$0

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0

Consolidated Income

-$114,466,000 (-559.40%)

-$17,359,000 (72.16%)

-$62,344,000

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0

Net Income

-$114,466,000 (-559.40%)

-$17,359,000 (72.16%)

-$62,344,000

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0

Net Income Common Stock

-$114,466,000 (-559.40%)

-$17,359,000 (72.16%)

-$62,344,000

Weighted Average Shares

$26,292,438 (50.27%)

$17,496,370 (0.05%)

$17,487,290

Weighted Average Shares Diluted

$26,292,438 (50.27%)

$17,496,370 (0.05%)

$17,487,290

Earning Before Interest & Taxes (EBIT)

-$112,704,000 (-549.25%)

-$17,359,000 (72.16%)

-$62,344,000

Gross Profit

$0 (0%)

$0 (0%)

$0

Operating Income

-$10,214,000 (36.64%)

-$16,121,000 (74.14%)

-$62,345,000

OCEA Cash Flow Statement (MRY)


Metric

2023

2022

2021

Net Cash Flow from Investing

$0 (0%)

$0 (0%)

$0

Net Cash Flow from Financing

$10,399,000 (975.39%)

$967,000 (-13.12%)

$1,113,000

Net Cash Flow from Operations

-$9,429,000 (-849.55%)

-$993,000 (5.70%)

-$1,053,000

Net Cash Flow / Change in Cash & Cash Equivalents

$970,000 (3830.77%)

-$26,000 (-143.33%)

$60,000

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0

Capital Expenditure

$0 (0%)

$0 (0%)

$0

Issuance (Repayment) of Debt Securities

$6,808,000 (826.26%)

$735,000 (0%)

$0

Issuance (Purchase) of Equity Shares

$14,324,000 (0%)

$0 (0%)

$1,017,000

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0

Share Based Compensation

$1,205,000 (-90.26%)

$12,378,000 (-78.11%)

$56,550,000

Depreciation Amortization & Accretion

$0 (0%)

$0 (0%)

$0

OCEA Financial Metrics (MRY)


Metric

2023

2022

2021

Gross Margin

-

-

-

Profit Margin

-

-

-

EBITDA Margin

-

-

-

Return on Average Equity (ROAE)

162.10% (-41.96%)

279.30%

-

Return on Average Assets (ROAA)

-5087.90% (-16000.95%)

-31.60%

-

Return on Sales (ROS)

-

-

-

Return on Invested Capital (ROIC)

675.00% (2001.41%)

-35.50%

-

Dividend Yield

0% (0%)

0% (0%)

0%

Price to Earnings Ratio (P/E)

-0.15 (98.55%)

-10.51 (-275.45%)

-2.8

Price to Sales Ratio (P/S)

-

-

-

Price to Book Ratio (P/B)

-0.25 (98.05%)

-12.71 (32.71%)

-18.89

Debt to Equity Ratio (D/E)

-1.06 (9.32%)

-1.17 (-15.61%)

-1.01

Earnings Per Share (EPS)

-4.35 (-339.39%)

-0.99 (72.27%)

-3.57

Sales Per Share (SPS)

0 (0%)

0 (0%)

0

Free Cash Flow Per Share (FCFPS)

-0.36 (-529.82%)

-0.06 (5.00%)

-0.06

Book Value Per Share (BVPS)

-3.45 (-458.58%)

-0.62 (-62.20%)

-0.38

Tangible Assets Book Value Per Share (TABVPS)

0.21 (99.05%)

0.1 (2000.00%)

0.01

Enterprise Value Over EBIT (EV/EBIT)

0 (0%)

-8 (-300.00%)

-2

Enterprise Value Over EBITDA (EV/EBITDA)

-0.29 (96.41%)

-7.96 (-297.85%)

-2

Asset Turnover

0 (0%)

0

-

Current Ratio

0.07 (-51.72%)

0.14 (1108.33%)

0.01

Dividends

$0 (0%)

$0 (0%)

$0

Free Cash Flow (FCF)

-$9,429,000 (-849.55%)

-$993,000 (5.70%)

-$1,053,000

Enterprise Value (EV)

$32,198,679 (-76.69%)

$138,117,895 (10.75%)

$124,711,797

Earnings Before Tax (EBT)

-$114,466,000 (-559.40%)

-$17,359,000 (72.16%)

-$62,344,000

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$112,704,000 (-549.25%)

-$17,359,000 (72.16%)

-$62,344,000

Invested Capital

-$13,397,000 (-32.95%)

-$10,077,000 (-49.91%)

-$6,722,000

Working Capital

-$27,903,000 (-157.91%)

-$10,819,000 (-62.40%)

-$6,662,000

Tangible Asset Value

$5,501,000 (198.64%)

$1,842,000 (2231.65%)

$79,000

Market Capitalization

$22,488,679 (-83.65%)

$137,540,000 (9.27%)

$125,874,000

Average Equity

-$70,599,250 (-1035.97%)

-$6,214,891

-

Average Assets

$2,249,750 (-95.91%)

$54,969,907

-

Invested Capital Average

-$16,697,750 (-134.14%)

$48,908,400

-

Shares

34,073,756 (157.65%)

13,225,000 (4.96%)

12,600,000