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Ocean Biomedical delisting from NASDAQ confirmed after appeal rejected

Ocean Biomedical has announced that the delisting of its securities from NASDAQ has been definitively confirmed following a rejected appeal. The Nasdaq Listing and Hearing Review Council upheld the decision to suspend trading of the company's shares. The company disclosed this in a press release and a filing with the US Securities and Exchange Commission (SEC). » More on de.investing.com
Ocean Biomedical loses licenses after contract breach and announces strategic realignment

Ocean Biomedical has received termination notices for key license agreements from Elkurt following breaches of contract, further straining the company during a period of financial difficulty. The reasons for the termination include outstanding payments, lack of development progress, and missed milestones. In response, Ocean Biomedical plans a strategic realignment focusing on energy infrastructure and cryptocurrencies to open up new revenue streams. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2022, Ocean Bio-Chem has already paid €0.0744 in dividends. The last payout was in June 2022.

Financials

In the last year, Ocean Bio-Chem had revenue of €56.54M and net profit of €11.45M

(EUR)	2021	YoY
Revenue	56.54M	23.94%
Gross profit	21.37M	10.72%
Net profit	11.45M	44.96%
EBITDA	14.78M	31.06%

Fundamentals

Metric	Value
Market capitalization	€0
Dividends	No
Beta	-0.24
P/E ratio	9.51
PEG ratio	-0.42
P/B ratio	2.61
P/S ratio	0.00

Company profile

Ocean Bio-Chem, Inc. manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, home care, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, waxes, enzyme fuel treatments, private label products, motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, brush handles, tie-downs, and other related accessories. It also manufactures automotive products, such as fuel treatments for gas and diesel engines, motor oils, greases, and related items; anti-freeze and windshield washes; and automotive polishes, cleaners, and other items. In addition, the company offers fuel treatment and other specialty products to the recreational vehicle market; solutions to various problems associated with E-10 fuel; and other specialty recreational vehicle/power sports products, including cleaners, polishes, detergents, fabric cleaners and protectors, silicone sealants, waterproofers, gasket materials, degreasers, vinyl cleaners and protectors, toilet treatment fluids, and anti-freeze/coolants. Further, it provides solutions to rectify operating engine problems in commercial lawn, and other home and garden power equipment; deodorizers, disinfectants, and sanitizers, as well as mildew odor control bags and boat odor sanitizers; blends and packages chemical formulations; and manufactures PVC and HDPE blow molded bottles. The company sells its products under the Star Tron, Performacide, and Star brite brands through retailers and online retailers, as well as to distributors. Ocean Bio-Chem, Inc. was founded in 1973 and is headquartered in Fort Lauderdale, Florida.