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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 inks reseller agreement with Geos Telecom
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has signed a reseller agreement with Geos Telecom, a maritime communication and navigation solutions provider based in Costa Rica. The deal includes the immediate sale of a Wave Adaptive Modular Vessel (WAM-V), the...
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), ("Company" or "OPT"), issues the following statement to OPT shareholders: On July...
Ocean Power Technologies doubles revenues in ‘landmark' fiscal 2024
Ocean Power Technologies Inc (NYSE-A:OPTT) has reported significant year-over-year improvements in revenue and profits for fiscal 2024. For the year ended April 30, 2024, the provider of intelligent maritime solutions saw its revenue increase by 102% to $5.5 million from $2.7...
Ocean Power Technologies, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Results
MONROE TOWNSHIP, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter (“4Q24”) and full-year ended April 30, 2024 (“FY24”).
Ocean Power Technologies makes waves with key maritime domain awareness solution contract - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) is seeing continued strong demand for its AI-powered Maritime Domain Awareness Solution Merrows, this week announcing it has won a contract for the delivery of a PowerBuoy equipped with the technology in the Middle East. CEO...
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Ocean Power Technologies lands new contract in Middle East
Ocean Power Technologies Inc (NYSE-A:OPTT) told investors it has won a contract in the Middle East for the delivery of a PowerBuoy equipped with Merrows – the company's AI-capable Maritime Domain Awareness Solution. The contract is expected to generate revenues...
Ocean Power Technologies to Report fiscal 2024 Fourth Quarter Results on July 25th, 2024
MONROE TOWNSHIP, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal...
Ocean Power Technologies to Participate in Fireside Chat with Water Tower Research on July 17, 2024
OPT to Discuss Investing in Growth and Commercialization Opportunities OPT to Discuss Investing in Growth and Commercialization Opportunities
Ocean Power Technologies and AltaSea forge partnership to advance sustainable ocean initiatives
Ocean Power Technologies Inc (NYSE-A:OPTT) has entered into a Memorandum of Understanding (MOU) with AltaSea at the Port of Los Angeles to explore opportunities in the ‘Blue Economy.' The "Blue Economy" refers to sustainable use of ocean resources for economic...
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