See more : Huntington Ingalls Industries, Inc. (0J76.L) Income Statement Analysis – Financial Results
Complete financial analysis of Ocean Power Technologies, Inc. (OPTT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ocean Power Technologies, Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Ocean Power Technologies, Inc. (OPTT)
Industry: Electrical Equipment & Parts
Sector: Industrials
About Ocean Power Technologies, Inc.
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.53M | 2.73M | 1.76M | 1.21M | 1.68M | 632.00K | 511.00K | 843.00K | 704.82K | 4.11M | 1.50M | 3.62M | 5.74M | 6.69M | 5.10M | 4.05M | 4.77M | 2.53M | 1.75M | 5.37M | 4.71M | 2.55M |
| Cost of Revenue | 2.70M | 2.50M | 1.86M | 2.28M | 1.79M | 1.30M | 763.00K | 938.00K | 667.87K | 4.67M | 1.51M | 3.48M | 5.68M | 6.26M | 4.30M | 4.84M | 7.96M | 3.98M | 2.06M | 5.17M | 4.32M | 2.56M |
| Gross Profit | 2.83M | 236.00K | -101.00K | -1.07M | -105.00K | -671.00K | -252.00K | -95.00K | 36.95K | -565.98K | -11.44K | 135.31K | 54.78K | 435.65K | 802.36K | -790.96K | -3.19M | -1.45M | -311.60K | 194.71K | 393.35K | -6.97K |
| Gross Profit Ratio | 51.15% | 8.64% | -5.74% | -88.97% | -6.24% | -106.17% | -49.32% | -11.27% | 5.24% | -13.79% | -0.76% | 3.74% | 0.95% | 6.51% | 15.73% | -19.53% | -66.81% | -57.38% | -17.83% | 3.63% | 8.35% | -0.27% |
| Research & Development | 0.00 | 0.00 | 9.61M | 4.75M | 4.34M | 4.98M | 4.32M | 5.03M | 7.05M | 4.15M | 4.56M | 7.33M | 8.34M | 13.32M | 13.00M | 8.37M | 8.26M | 6.22M | 4.22M | 904.62K | 0.00 | 180.40K |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.99M | 6.56M | 6.75M | 9.57M | 9.36M | 9.13M | 8.27M | 8.40M | 9.06M | 9.53M | 7.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 32.23M | 28.34M | 11.91M | 7.77M | 6.92M | 7.62M | 6.99M | 6.56M | 6.75M | 9.57M | 9.36M | 9.13M | 8.27M | 8.40M | 9.06M | 9.53M | 7.73M | 4.89M | 3.19M | 2.55M | 1.75M | 818.60K |
| Other Expenses | 0.00 | 28.34M | 60.00K | -83.00K | 0.00 | 0.00 | 4.00K | 0.00 | 240.64K | 419.43K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 255.96K | 0.00 |
| Operating Expenses | 32.23M | 28.34M | 21.51M | 12.52M | 11.26M | 12.60M | 11.31M | 11.59M | 13.80M | 13.72M | 13.92M | 16.45M | 16.61M | 21.72M | 22.07M | 17.90M | 15.99M | 11.11M | 7.42M | 3.46M | 2.00M | 999.00K |
| Cost & Expenses | 34.93M | 30.84M | 23.37M | 14.80M | 13.05M | 13.90M | 12.07M | 12.53M | 14.47M | 18.39M | 15.43M | 19.94M | 22.30M | 27.97M | 26.36M | 22.74M | 23.95M | 15.10M | 9.48M | 8.63M | 6.32M | 3.55M |
| Interest Income | 800.00K | 902.00K | 124.00K | 124.00K | 124.00K | 35.00K | 83.00K | 28.00K | 7.54K | 0.00 | 0.00 | 126.38K | 418.05K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 124.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.54K | 31.63K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.16M | 637.00K | 515.00K | 372.00K | 355.00K | 180.00K | 122.00K | 140.00K | 111.71K | 965.16K | 421.84K | 502.10K | 436.06K | 358.72K | 365.76K | 299.41K | 241.72K | 269.08K | 233.13K | 140.98K | 0.00 | -473.00 |
| EBITDA | -28.24M | -27.76M | -21.10M | -13.44M | -10.89M | -13.09M | -11.44M | -11.55M | -13.65M | -13.32M | -12.52M | -15.82M | -16.12M | -20.92M | -21.26M | -18.39M | -19.18M | -12.57M | -7.49M | -3.12M | -1.61M | -1.01M |
| EBITDA Ratio | -511.17% | -1,045.50% | -1,241.05% | -995.94% | -654.22% | -2,093.51% | -2,276.91% | -1,544.72% | -1,759.94% | -313.21% | -966.19% | -435.10% | -279.10% | -309.29% | -431.17% | -422.22% | -398.54% | -546.52% | -377.08% | -86.32% | -34.13% | -39.49% |
| Operating Income | -29.40M | -29.22M | -21.61M | -13.59M | -11.37M | -13.27M | -11.56M | -11.69M | -14.86M | -14.29M | -13.15M | -16.32M | -16.56M | -21.28M | -21.26M | -18.69M | -19.18M | -12.57M | -7.73M | -3.26M | -1.61M | -1.01M |
| Operating Income Ratio | -532.18% | -1,069.40% | -1,228.71% | -1,127.03% | -675.68% | -2,099.84% | -2,262.23% | -1,386.36% | -2,108.05% | -347.99% | -877.34% | -451.29% | -288.52% | -318.08% | -416.81% | -461.60% | -401.84% | -496.42% | -442.14% | -60.83% | -34.13% | -39.48% |
| Total Other Income/Expenses | 666.00K | 2.61M | 856.00K | -1.17M | 118.00K | 175.00K | 284.00K | 1.50M | -568.36K | -74.98K | 213.36K | 42.96K | 313.31K | 459.86K | 2.13M | 377.12K | 4.52M | 2.93M | 504.41K | 2.81M | -1.36M | 38.91K |
| Income Before Tax | -28.74M | -26.60M | -20.70M | -14.76M | -11.25M | -13.10M | -11.28M | -10.18M | -14.76M | -14.36M | -12.94M | -16.28M | -16.24M | -20.82M | -19.13M | -18.32M | -14.66M | -9.64M | -7.22M | -457.97K | -2.97M | -967.06K |
| Income Before Tax Ratio | -520.13% | -973.79% | -1,176.63% | -1,223.88% | -668.67% | -2,072.15% | -2,206.65% | -1,208.07% | -2,093.94% | -349.82% | -863.10% | -450.10% | -283.06% | -311.20% | -375.04% | -452.29% | -307.14% | -380.78% | -413.28% | -8.54% | -62.96% | -37.95% |
| Income Tax Expense | -1.25M | -278.00K | -1.82M | 1.09M | -895.00K | -850.00K | -1.12M | -698.00K | -1.67M | -1.14M | -1.75M | -1.45M | -1.05M | -364.11K | 38.30K | -377.12K | -4.52M | -2.93M | -143.96K | -29.34K | -118.12K | -146.85K |
| Net Income | -27.48M | -26.33M | -18.87M | -15.85M | -10.35M | -12.25M | -10.16M | -9.49M | -13.13M | -13.11M | -10.97M | -14.68M | -15.14M | -20.44M | -19.17M | -18.32M | -14.66M | -9.64M | -7.08M | -428.63K | -2.85M | -820.21K |
| Net Income Ratio | -497.43% | -963.62% | -1,073.00% | -1,313.85% | -615.46% | -1,937.66% | -1,987.67% | -1,125.27% | -1,862.74% | -319.44% | -731.82% | -406.01% | -263.84% | -305.42% | -375.79% | -452.29% | -307.14% | -380.78% | -405.04% | -7.99% | -60.46% | -32.19% |
| EPS | -0.47 | -0.47 | -0.35 | -0.53 | -1.44 | -9.52 | -13.24 | -44.54 | -145.06 | -149.96 | -182.19 | -284.97 | -294.63 | -398.87 | -375.26 | -358.76 | -287.37 | -62.26 | -27.48 | -16.69 | -141.15 | -54.37 |
| EPS Diluted | -0.47 | -0.47 | -0.35 | -0.53 | -1.44 | -9.52 | -13.24 | -44.54 | -145.06 | -149.96 | -182.19 | -284.97 | -294.63 | -398.87 | -375.26 | -358.76 | -287.37 | -62.26 | -27.48 | -16.69 | -141.15 | -54.37 |
| Weighted Avg Shares Out | 59.03M | 56.00M | 54.01M | 30.02M | 7.21M | 1.29M | 767.33K | 212.96K | 90.51K | 87.45K | 60.21K | 51.52K | 51.39K | 51.23K | 51.09K | 51.05K | 51.00K | 154.81K | 257.60K | 25.68K | 20.19K | 15.09K |
| Weighted Avg Shares Out (Dil) | 59.03M | 56.00M | 54.01M | 30.02M | 7.21M | 1.29M | 767.33K | 212.96K | 90.51K | 87.45K | 60.21K | 51.52K | 51.39K | 51.23K | 51.09K | 51.05K | 51.00K | 154.81K | 257.60K | 25.68K | 20.19K | 15.09K |
Ocean Power Technologies signs MOU with SENAI to explore blue economy opportunities in Brazil
Ocean Power Technologies Inc (NYSE-A:OPTT) said it has signed a Memorandum of Understanding (MOU) with Brazil's Serviço Nacional de Aprendizagem Industrial (SENAI Innovation Institute for Virtual Production Systems from Firjan). SENAI is a Brazilian organization that provides technical education and...
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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 Coherent Market Insights....
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