Ocean Power Technologies, Inc. (OPTT)
| Market Cap | 30.56M |
| Revenue (ttm) | 4.93M |
| Net Income (ttm) | -30.30M |
| Shares Out | 59.46M |
| EPS (ttm) | -0.52 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 576,787,299 |
| Open | 0.450 |
| Previous Close | 0.276 |
| Day's Range | 0.384 - 0.569 |
| 52-Week Range | 0.120 - 0.770 |
| Beta | 2.10 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jul 10, 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, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. The company also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers Wave Adaptive Modular Vessel (WAM-V) t... [Read more]
Financial Performance
In 2023, OPTT's revenue was $2.73 million, an increase of 55.32% compared to the previous year's $1.76 million. Losses were -$26.33 million, 39.5% more than in 2022.
Financial StatementsNews
Ocean Power Technologies Signs OEM Agreement with Key Maritime Technology Provider Teledyne Marine
OPT signs OEM deal with Teledyne Marine to expand AI sensor capabilities and drive innovation in marine technology. Enhancing product offerings and growth.
Ocean Power stock soars after WAM-V deal with the US government
Ocean Power Technologies Inc (NYSE: OPTT) witnessed a remarkable surge of 70% on Wednesday following its announcement of a preliminary deal. The company revealed its success in securing a sole source...
Ocean Power Technologies Launches Global 24/7 Service Support Offering
MONROE TOWNSHIP, N.J., June 17, 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 Fails to Engage in Good Faith with Paragon Creating Going Concern Issues and Risk for the Company and Its Shareholders
EASTON, PA / ACCESSWIRE / June 7, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company and a large shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company...
Ocean Power Technologies Awarded Contract for Immediate Delivery of Unmanned Surface Vehicle to Offshore Construction Contractor
MONROE TOWNSHIP, N.J., June 05, 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 Operation with Multiple Unmanned Surface Vehicles for US Government
MONROE TOWNSHIP, N.J., May 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 power...
Ocean Power Technologies Successfully Demonstrates Counter Unmanned Underwater Vehicle Capability
Results of Successful Demonstrations will be presented at the International Mine Warfare Technology Symposium Results of Successful Demonstrations will be presented at the International Mine Warfare T...
Ocean Power Technologies Announces Renewable Energy Production Milestone
MONROE TOWNSHIP, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power...
Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic
Completes Several Customer Field Demonstrations in Support of Sales Activities Completes Several Customer Field Demonstrations in Support of Sales Activities
Ocean Power Technologies Awarded Multi-Year NOAA ProTech Oceans IDIQ Contract
MONROE TOWNSHIP, N.J., April 30, 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...
Paragon Calls on Ocean Power to Cease Any and All Future Equity Raises That Dilute Existing Stockholders to Fund OPT's Losses and Executive Compensation
Paragon Commits Up to $3 Million in Non-Dilutive Preferred Equity of OPT to Save the Company from Insolvency and Future Shareholder Losses. EASTON, PA / ACCESSWIRE / April 22, 2024 / Paragon Technolog...
Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium
MONROE TOWNSHIP, N.J., April 17, 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 Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions
MONROE TOWNSHIP, N.J., April 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 pow...
Paragon Technologies Files Complaint Alleging Ocean Power Technologies Failed to Achieve a Legitimate Quorum at its Annual Meeting of Shareholders
EASTON, PA / ACCESSWIRE / April 12, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company and the largest shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("C...
Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions
Strengthening Maritime Security: Ocean Power Technologies Integrates Red Cat's Aerial Drones for Cutting-Edge Intelligence, Surveillance, and Reconnaissance Capabilities Strengthening Maritime Securit...
Ocean Power Technologies Announces “Merrows”: A Consolidated Solution for Maritime Domain Awareness
Ocean Security is National Security™ Services for the Defense, National Security, and Offshore Industries Ocean Security is National Security™ Services for the Defense, National Security, and Offshore...
Ocean Power Technologies Secures $1.5 Million in Purchase Orders for WAM-V USV's in Latin America
OPT's Landmark Orders in Latin America Support Path to Profitability and Open up Region for Additional Growth OPT's Landmark Orders in Latin America Support Path to Profitability and Open up Region fo...
Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results
MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal third quarter ...
Ocean Power Continues to Ignore Small Individual Investors Instead Focusing on Institutional Investors Who Own Relatively Little OPT Stock
EASTON, PA / ACCESSWIRE / February 27, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, and the largest shareholders of Ocean Power Technologies, Inc. (NYSE American:OPTT)...
Ocean Power Technologies to Report fiscal 2024 Third Quarter Results on March 13, 2024
MONROE TOWNSHIP, N.J., Feb. 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...
Paragon Asks Ocean Power CEO Stratmann to Provide Shareholder Transparency to Recent Announcements - Believes Ocean Power Will Report Significant Losses in Upcoming Quarterly Earnings Release
EASTON, PA / ACCESSWIRE / February 15, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, In...
Ocean Power Technologies Receives Funding for AT&T 5G-Enabled PowerBuoy® Deployment in Monterey Bay
MONROE TOWNSHIP, N.J., Feb. 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 Secures Orders Exceeding $1.25 Million for Fully Integrated WAM-V Unmanned Surface Vehicles
Surge in Demand for Innovative Maritime Solutions Drives Significant Orders for OPT's Cutting-Edge WAM-V USVs Surge in Demand for Innovative Maritime Solutions Drives Significant Orders for OPT's Cutt...
Ocean Power Technologies Board Postpones Annual Meeting for a Second Time After Failing Yet Again to Obtain Enough Shareholder Votes - Paragon Asks Shareholders to Make Your Voice Heard by Disregarding OPT's White Proxy Card
EASTON, PA / ACCESSWIRE / February 8, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, Inc...
Ocean Power Technologies Announces Further Adjournment of 2023 Annual Meeting of Shareholders
MONROE TOWNSHIP, N.J.--(BUSINESS WIRE)--Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and serv...