Ocean Power Technologies, Inc. (OPTT)

NYSEAMERICAN: OPTT · IEX Real-Time Price · USD
0.566
-0.004 (-0.74%)
Jun 29, 2022 11:47 AM EDT - Market open
-0.74%
Market Cap 31.66M
Revenue (ttm) 1.61M
Net Income (ttm) -18.92M
Shares Out 55.89M
EPS (ttm) -0.36
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 98,415
Open 0.575
Previous Close 0.571
Day's Range 0.564 - 0.575
52-Week Range 0.500 - 3.280
Beta 1.66
Analysts n/a
Price Target n/a
Earnings Date Jul 13, 2022

About OPTT

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in America, Europe, and Australia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and payloads, integration services, and marine installation services. In addition, it offers electric power and real-time data communications for remote offshore a... [Read more...]

Industry Electrical Equipment
IPO Date Apr 25, 2007
Employees 46
Stock Exchange NYSEAMERICAN
Ticker Symbol OPTT
Full Company Profile

Financial Performance

In 2021, OPTT's revenue was $1.21 million, a decrease of -28.30% compared to the previous year's $1.68 million. Losses were -$14.76 million, 42.6% more than in 2020.

Financial Statements

News

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Ocean Power Technologies to Report 2022 Fourth Quarter and Full-Year Results on Wednesday, July 13, 2022

MONROE TOWNSHIP, N.J., June 14, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power,...

Ethan Butler Joins OPT as VP Engineering & Operations

MONROE TOWNSHIP, N.J., May 09, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, p...

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Other symbols: DNNSUNW

Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2022 Results

Revenues Grow 53%; New VP Global Sales & Marketing Appointed Revenues Grow 53%; New VP Global Sales & Marketing Appointed

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Ocean Power Technologies to Report Fiscal Year 2022 Third Quarter Results on Monday, March 14, 2022

MONROE TOWNSHIP, N.J., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power,...

Eco Wave Power, Ocean Power Technologies Join Forces To Accelerate Wave Energy Projects

Eco Wave Power Global AB (NASDAQ: WAVE) and Ocean Power Technologies Inc (NYSE: OPTT) plan to utilize their complementary technologies and skills to accelerate wave energy projects under an agreement pr...

Other symbols: WAVE

Eco Wave Power and Ocean Power Technologies Announce Collaboration to Propel Wave Energy to the Next Level

STOCKHOLM and MONROE TOWNSHIP, N.J., Jan. 13, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq First North: ECOWVE and Nasdaq US: WAVE) ("Eco Wave Power") and Ocean Power Technologies, Inc. ...

Other symbols: WAVE

Is it too late to buy Ocean Power Technologies stock after spiking 18% after earnings?

On Thursday, Ocean Power Technologies Inc. (NASDAQ:OPTT) shares advanced by more than 2%, extending this week's post-earnings gains to 18%. The stock had spiked nearly 10% on Wednesday.

Ocean Power Technologies Announces Second Quarter Fiscal 2022 Results

Investor Conference Call and Webcast on December 15, 2021, at 9:00 A.M. ET

Ocean Power Technologies Appoints Robert Powers as New CFO

MONROE TOWNSHIP, N.J., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power,...

Ocean Power Technologies Reschedules 2021 Annual Meeting of Stockholders

MONROE TOWNSHIP, N.J., Dec. 07, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power,...

Ocean Power Technologies Acquires Marine Advanced Robotics For $11M

Ocean Power Technologies, Inc. (NYSE: OPTT) closed on an acquisition of Marine Advanced Robotics, Inc. (MAR), a Richmond, California-based developer and manufacturer of autonomous surface vehicles (ASVs...

Ocean Power Technologies Acquires Marine Advanced Robotics

OPT Expands Offshore Intelligence Capabilities Through Addition of Autonomous USV Services OPT Expands Offshore Intelligence Capabilities Through Addition of Autonomous USV Services

Ocean Power Technologies to Report Fiscal Year 2022 Second Quarter Results on Tuesday, December 14, 2021

MONROE TOWNSHIP, N.J., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power,...

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Ocean Power Technologies Announces First Quarter Fiscal 2022 Results

Investor Conference Call and Webcast on September 14, 2021, at 11:00 A.M. ET Investor Conference Call and Webcast on September 14, 2021, at 11:00 A.M. ET

US DOE Selects Ocean Power Technologies To Support Development Of Wave Energy Converter Concept

Ocean Power Technologies Inc (NYSE: OPTT) has been selected by the U.S. Department of Energy (DOE) to further the development of a next-generation wave energy converter.  The company will receive up to ...

Ocean Power Technologies Announces DOE Award Supporting Development of Next Generation Wave Energy Converter Concept

MONROE TOWNSHIP, N.J., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon ocean energy ...

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Ocean Power Technologies Announces Fourth Quarter and Full-Year Fiscal 2021 Results

Investor Conference Call and Webcast on July 20, 2021, at 11:00 A.M. ET Investor Conference Call and Webcast on July 20, 2021, at 11:00 A.M. ET