Ocean Power Technologies, Inc. (OPTT)
| Market Cap | 49.00M |
| Revenue (ttm) | 7.08M |
| Net Income (ttm) | -21.60M |
| Shares Out | 146.04M |
| EPS (ttm) | -0.28 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 12,678,215 |
| Open | 0.310 |
| Previous Close | 0.311 |
| Day's Range | 0.290 - 0.343 |
| 52-Week Range | 0.120 - 0.820 |
| Beta | 2.88 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Dec 16, 2024 |
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 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...
Ocean Power Technologies to exhibit Autonomous Vehicle Services at ADIPEC with Unique Group
MONROE TOWNSHIP, N.J., Oct. 16, 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 Authorized Service Partner in Kuwait for PowerBuoys® and WAM-Vs®
MONROE TOWNSHIP, N.J., Oct. 14, 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 Present at the MicroCap Rodeo Fall Conference in New York City on October 16th, 2024
MONROE TOWNSHIP, N.J., Oct. 11, 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 Confirms Shipment of AI capable Merrows™ PowerBuoy® for the Middle East
MONROE TOWNSHIP, N.J., Oct. 07, 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 Announces $1.1 Million Preliminary Award from the New Jersey Economic Development Authority (NJEDA) Technology Business Tax Certificate Transfer Program
MONROE TOWNSHIP, N.J., Oct. 02, 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 Ships Multiple Unmanned Surface Vehicles to US Government
MONROE TOWNSHIP, N.J., Sept. 27, 2024 (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 Agreement with Serviço Nacional de Aprendizagem Industrial to Advance Autonomous Ocean Developments
MONROE TOWNSHIP, N.J., Sept. 25, 2024 (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, Inc. (OPTT) Q1 2025 Earnings Call Transcript
Ocean Power Technologies, Inc. (NYSE:OPTT) Q1 2025 Earnings Conference Call September 17, 2024 9:00 AM ET Company Participants Robert Powers - Senior Vice President and Chief Financial Officer Philip...
Ocean Power Technologies, Inc. Announces First Quarter Fiscal 2025 Results
Operating expenses decrease by 39%, reducing operating loss and lower cash burn as OPT achieves further progress on its Path to Profitability. The Company's pipeline continues to grow, reflecting an i...
Ocean Power Technologies Awarded $1M Contract for Naval Information Warfare Center Pacific's Project Overmatch' Mission Autonomy Proving Grounds
MONROE TOWNSHIP, N.J., Sept. 12, 2024 (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 Market to hit $3.98 billion, Globally, by 2031 at 19.5% CAGR, says Coherent Market Insights
The Ocean Power market is estimated to be valued at US$ 1.14 Bn in 2024 and is expected to exhibit a CAGR of 19.5% over the forecast period 2024-2031, as highlighted in a new report published by Coher...
Ocean Power Technologies Completes New WAM-V for Immediate Delivery to Latin America
MONROE TOWNSHIP, N.J., Sept. 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 pow...
Ocean Power Technologies to Report Fiscal 2025 First Quarter Results on September 16, 2024
MONROE TOWNSHIP, N.J., Aug. 21, 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 Continues Global Expansion with Signing of Strategic Reseller Agreements in All Key Continents
MONROE TOWNSHIP, N.J., Aug. 12, 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 Issues Stockholder Vote and Meeting Reminder
MONROE TOWNSHIP, N.J., Aug. 02, 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 Announces Patent Pending on Innovative Docking and Recharging Buoy Technology
MONROE TOWNSHIP, N.J., Aug. 01, 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...
Paragon Technologies Recommends Ocean Power Shareholders Vote AGAINST the Company's Plan to Increase Its Authorized Shares and Hold the Board Accountable for Its Wasteful Spending That Leads to Increasing Losses
EASTON, PA / ACCESSWIRE / July 26, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company and a large shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Compan...