See more : TES Co., Ltd (095610.KQ) 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.
You may be interested
- Genting Malaysia Berhad (GMALY) Income Statement Analysis – Financial Results
- Alexander Forbes Group Holdings Limited (AFH.JO) Income Statement Analysis – Financial Results
- SBI Holdings, Inc. (8473.T) Income Statement Analysis – Financial Results
- Vado Corp. (VADP) Income Statement Analysis – Financial Results
- Pan German Universal Motors Ltd. (2247.TW) Income Statement Analysis – Financial Results
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 teams up with AltaSea in Los Angeles
Ocean Power Technologies Inc (NYSE-A:OPTT) has entered into a memorandum of understanding (MOU) with AltaSea, an ocean technology campus at the Port of Los Angeles. The partnership aims to explore opportunities within the ‘Blue Economy', focusing on supporting companies that...
Ocean Power Technologies Signs Agreement with AltaSea to Advance Wave Power Projects
MONROE TOWNSHIP, N.J., July 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 power, data, and service solutions, today announced it has signed a Memorandum...
Ocean Power Technologies shares gain following team up with SES
Ocean Power Technologies Inc (NYSE-A:OPTT) has inked a reseller agreement with Survey Equipment Services Inc (SES), a specialist in the supply of marine survey and navigation equipment. It will see OPT supply to SES its unmanned surface vehicles (USV), branded...
Ocean Power Technologies teams up with SES to accelerate revenue growth
Ocean Power Technologies Inc (NYSE-A:OPTT) has inked a reseller agreement with Survey Equipment Services Inc (SES), a specialist in the supply of marine survey and navigation equipment. It will see OPT supply to SES its unmanned surface vehicles (USV), branded...
Ocean Power Technologies Signs Reseller Agreement with Survey Equipment Services for the USA
MONROE TOWNSHIP, N.J., July 08, 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, data, and service solutions, is pleased to announce the signing of...
Reading Penny Stocks Financial Statements, 3 Tips
Investing in penny stocks can be a lucrative venture for those who understand how to navigate financial statements effectively. Penny stocks, often priced under $5 per share, provide opportunities for significant returns on investment, but they require careful analysis and...
Why Is Ocean Power (OPTT) Stock Up 80% Today?
Maritime solutions and services provider Ocean Power (NYSEMKT: OPTT ) – which does business as OPT – announced a partnership with Unique Group. Based in the United Arab Emirates (UAE), Unique is a global innovator in subsea technologies and engineering...
Ocean Power Technologies shares soar on Unique Group partnership
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has partnered with Unique Group to deploy its WAM-V Unmanned Surface Vehicles (USVs) in the Middle East. Investors welcomed the news, sending shares of OPT about 60% higher to US$0.45 in early trade...
Ocean Power Technologies CEO discusses new US government contract, growth strategy - ICYMI
It's been a significant week for intelligent maritime solutions and services provider Ocean Power Technologies Inc (NYSE-A:OPTT). It announced the signing of an Original Equipment Manufacturer (OEM) agreement with Teledyne Marine, a division of maritime technology provider Teledyne Technologies, which...
Ocean Power Technologies and Teledyne Marine partner to drive maritime innovation
Ocean Power Technologies Inc (NYSE-A:OPTT) announced the signing of an Original Equipment Manufacturer (OEM) agreement with Teledyne Marine, a division of maritime technology provider Teledyne Technologies. The provider of intelligent maritime solutions and services said the strategic partnership seeks to enhance...
Source: https://incomestatements.info
Category: Stock Reports