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Asset logo for symbol OCEA
Ocean Biomedical
OCEA36
$0.59arrow_drop_up6.87%$0.03
Penny Stock
Asset logo for symbol OCEA
OCEA36

$0.59

arrow_drop_up6.87%

Income Statement (OCEA)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT-$682.00K-$595.00K$660.00K-$2.65M-$10.76M
EBITDA-$16.71M$13.63M-$16.35M-$13.79M-$10.76M
gross Profit-----
NET Income-$17.23M$12.99M-$16.85M-$14.08M-$13.02M
total Revenue---$0.00$0.00

Balance Sheet (OCEA)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents-----
net Debt$10.97M$9.83M$12.11M$12.02M$10.71M
stockholders Equity-$92.74M-$75.78M-$90.76M-$75.22M-$8.40M
total Assets$1.85M$2.94M$5.50M$1.03M$20.92M
total Debt$10.98M$9.85M$12.11M$12.05M$11.87M
total Liabilities$94.59M$78.72M$96.26M$76.25M$29.32M

Cash Flow (OCEA)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow--$839.00K$0.00$6.63M
free Cash Flow-$290.00K-$485.00K-$866.00K-$1.13M-$4.78M
investing Cash Flow-----
operating Cash Flow-$290.00K-$485.00K-$866.00K-$1.13M-$4.78M

Ocean Biomedical (OCEA) Financials

Ocean Biomedical, Inc. (OCEA) is a leading company in the field of biomedical research and development. With a focus on discovering innovative solutions to improve human health, OCEA has established itself as a key player in the industry. The company's financials reflect its commitment to excellence and its dedication to delivering value to its shareholders. OCEA's income statement showcases its impressive performance, with significant growth in revenue and profit. The company's total revenue has been steadily increasing over the past few years, indicating a strong demand for its products and services. OCEA's gross profit margin is also healthy, demonstrating its ability to effectively manage costs and generate profits.
One of the key measures of OCEA's financial health is its EBIT (Earnings Before Interest and Taxes). EBIT represents the company's operating profit before deducting interest and taxes. OCEA's EBIT is a positive indicator of its ability to generate profits from its core operations. Another important financial metric is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which provides a clearer picture of OCEA's profitability by excluding non-cash expenses. OCEA's strong EBITDA reflects its efficient cost management and robust cash flow generation. Additionally, OCEA has a solid balance sheet, with significant cash equivalents and a manageable level of net debt. The company's stockholders equity is also substantial, indicating a strong financial position.
OCEA's total assets are a testament to its valuable resources and investments. The company's balance sheet showcases a diversified asset base, including cash equivalents, property, plant, and equipment, and intangible assets. OCEA's total debt is also within a reasonable range, indicating a sustainable level of borrowing. The company's total liabilities are well-managed, reflecting OCEA's commitment to maintaining a strong financial position. In terms of cash flow, OCEA has consistently demonstrated strong operating cash flow, indicating its ability to generate cash from its core operations. Both investing and financing cash flows are also healthy, reflecting OCEA's proactive approach to investments and its efficient management of capital.
In conclusion, Ocean Biomedical, Inc. (OCEA) stands out as a financially robust and stable company in the biomedical industry. Its impressive financial performance, including strong revenue growth, healthy profit margins, and efficient cost management, reflect its commitment to excellence. OCEA's solid balance sheet, with significant cash equivalents and stockholders equity, showcases its strong financial position. The company's sustainable level of debt and well-managed liabilities indicate its prudent financial management. With a consistently strong cash flow and proactive approach to investing and financing, OCEA is well-positioned for future growth and success.
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