Ocean Power Technologies, Inc. (OPTT)
| Market Cap | 73.00M |
| Revenue (ttm) | 6.12M |
| Net Income (ttm) | -21.81M |
| Shares Out | 170.05M |
| EPS (ttm) | -0.22 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,385,186 |
| Open | 0.4575 |
| Previous Close | 0.4436 |
| Day's Range | 0.4226 - 0.4692 |
| 52-Week Range | 0.1200 - 1.7500 |
| Beta | 2.52 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Mar 17, 2025 |
About OPTT
Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, Australia, and Asia. The company offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. It also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, the company offers Wave Adaptive Modular... [Read more]
Financial Performance
In 2024, Ocean Power Technologies's revenue was $5.53 million, an increase of 102.23% compared to the previous year's $2.73 million. Losses were -$27.48 million, 4.39% more than in 2023.
Financial StatementsNews
Ocean Power Technologies Secures Order for Fully Integrated WAM-V for an International Government Customer
MONROE TOWNSHIP, N.J., April 14, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine pow...
Ocean Power Technologies Signs Strategic Reseller Agreement with Elektron SAS
Expands Commercial Reach of Intelligent Maritime Solutions Across Latin America Expands Commercial Reach of Intelligent Maritime Solutions Across Latin America
Ocean Power Technologies Signs U.S. Reseller Agreement with Grava Hydrographic Solutions LLC
Expands Access to OPT's WAM-V® Unmanned Surface Vehicle Technology Across the United States Expands Access to OPT's WAM-V® Unmanned Surface Vehicle Technology Across the United States
Ocean Power Technologies Highlights Supply Chain Resilience Amid Global Uncertainty
Majority Domestic Supply Chain Enables Operational Continuity and Competitive Advantage Majority Domestic Supply Chain Enables Operational Continuity and Competitive Advantage
Ocean Power Technologies Enters New Market with WAM-V® Sale for a Mining Deployment in Latin America
MONROE TOWNSHIP, N.J., March 25, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “Company”) (NYSE American: OPTT), a leader in innovative maritime solutions, today announced the sale...
Ocean Power Technologies Awarded Contract for Delivery of AI Capable Buoy in the USA
MONROE TOWNSHIP, N.J., March 24, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine pow...
Ocean Power Technologies Announces Financial Results for Third Quarter Fiscal 2025
Reports Record Backlog and Reduces Cash Used in Operating Activities by 59% Reports Record Backlog and Reduces Cash Used in Operating Activities by 59%
Ocean Power Technologies Secures Order for Fully Integrated WAM-V from a Major European Offshore Services Provider
MONROE TOWNSHIP, N.J., March 13, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine pow...
Ocean Power Technologies Announces Binding Letter of Intent to Deploy AI-Capable PowerBuoy for a Major International Defense Contractor
MONROE TOWNSHIP, N.J., March 12, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine pow...
Ocean Power Technologies Announces Successful Defense and Security Demonstrations in UAE
MONROE TOWNSHIP, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power Technologies Announces Demonstration of WAM-V at NAVDEX
MONROE TOWNSHIP, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power Technologies Secures $2 Million in Purchase Orders for PowerBuoys® in Latin America
Ocean Power Technologies secures $2M in Latin American orders for PowerBuoys®, expanding its global presence and advancing marine intelligence solutions.
Ocean Power Technologies Demonstrates Multi-Day Advanced Remote Survey Capabilities
Completion of Exercises in California Illustrates Cost Efficient Autonomous Ocean Intelligence at Scale Completion of Exercises in California Illustrates Cost Efficient Autonomous Ocean Intelligence a...
Glancy Prongay & Murray LLP Announces Investigation of Ocean Power Technologies, Inc. (OPTT)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Ocean Power Technologies, Inc. (NYSE: OPTT) concerning the Company and its directors' and officers' possib...
Ocean Power Technologies Announces Appointment of Advisory Board Members to Support the Board of Directors
The Appointment of a MIT Board of Trustees Member with Deep Cybersecurity and Government Contracting Experience and Two Highly Decorated Naval Veterans as Advisory Board Members Underscores the Compan...
Ocean Power Technologies to Speak at The Microcap Conference 2025
MONROE TOWNSHIP, NJ / ACCESSWIRE / January 9, 2025 / Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American:OPTT), is pleased to announce its participation in The Microcap Conference 2...
Ocean Power Technologies Readies Shipment of AI Capable Merrows™ PowerBuoy® for Naval Postgraduate School
MONROE TOWNSHIP, N.J., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power Technologies to Participate in a Fireside Chat on Thursday, December 19, 2024
MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power Technologies, Inc. (OPTT) Q2 2025 Earnings Call Transcript
Ocean Power Technologies, Inc. (NYSE:OPTT) Q2 2025 Earnings Call Transcript December 17, 2024 9:00 AM ET Company Participants Bob Powers - SVP and CFO Philipp Stratmann - President and CEO Conference...
Ocean Power Technologies Announces Financial Results for Second Quarter Fiscal 2025
Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses Confirms pathway to profitability in late 2025 based on record quarterly revenues and ...
Ocean Power Technologies Secures $3 Million in Purchase Order Commitments for WAM-V USV's in Latin America
MONROE TOWNSHIP, N.J., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power Technologies Pre-Releases Preliminary Financial Results for Second Quarter Fiscal 2025
Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses Confirms pathway to profitability in late 2025 based on record quarterly revenues and ...
Ocean Power Technologies Secures Follow-On Order for WAM-V 8 and Delivers WAM-V 16 and WAM-V 22 to Latin America
MONROE TOWNSHIP, N.J., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power Technologies Completes Major Milestone for Naval Information Warfare Center Pacific's Project Overmatch
MONROE TOWNSHIP, N.J., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine powe...
Ocean Power Technologies Appoints Remah International Group as Distributor in the UAE
Paradigm Shifting Development in OPT's Expansion of its Defense and Security Business in the Middle East Paradigm Shifting Development in OPT's Expansion of its Defense and Security Business in the Mi...