Seafarer Exploration Corp (PK:SFRX)
Business Focus: Business Support Services
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 14497 N. DALE MABRY HIGHWAY, SUITE 209N TAMPA FL 33618 |
| Tel: | N/A |
| Website: | https://seafarerexplorationcorp.com |
| IR: | See website |
| Key People | ||
| Kyle Kennedy Chairman of the Board, President, Chief Executive Officer | ||
| Business Overview |
| Seafarer Exploration Corp. is an underwater exploration and technology company. The Company's principal business is to develop the infrastructure to engage in rescue archaeology, archaeologically sensitive exploration and research, recovery, and conservation of historic shipwrecks. The business plan includes in-depth archival research and translation of historical documents from archives and repositories from around the world. The plan also includes the development of various new technologies, including the flagship SeaSearcher technology, which improves efficiencies of both time and accuracy, as well as create a smaller operational footprint. The Company is also actively researching, exploring, and testing new technology to help more accurately understand current and future historic shipwreck sites. Its secondary business is to support its historic shipwreck exploration and recovery operations. The Company's active sites include Melbourne Beach, Florida, and Juno Beach, Florida. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Seafarer Exploration Corp revenues increased 48% to $19K. Net loss increased 22% to $3.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Seafarer Exploration Corp. segment loss increase of 26% to $3.1M. |
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