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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 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.
Why Is Ocean Power Technologies (OPTT) Stock Up 60% Today?
Proprietary power platform Ocean Power Technologies (NYSEMKT: OPTT ) — one of the few specialists in wave power or harnessing the natural oscillations of the ocean for conversion into usable power — saw its shares soar on Wednesday. A U.S....
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 contract award for multiple WAM-Vs, which are set to...
Ocean Power Technologies unveils contract to deliver multiple WAM-Vs to US government department
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has reached an agreement in principle on a sole source contract award for multiple WAM-Vs for delivery to a US government department. Shares of OPT surged premarket on the announcement, adding more than...
Ocean Power Technologies named preferred supplier for Merrow buoy in the Middle East
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has been selected as preferred supplier for a PowerBuoy equipped with its AI-Maritime Domain Awareness Solutions Merrows for immediate delivery for an opportunity in the Middle East. The provider of intelligent maritime...
Ocean Power Technologies expands services with new 24/7 global support offering
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the launch of its Global 24/7 Service Support which will offer its customers round-the-clock support. The provider of intelligent maritime solutions and services said the new offering will allow its customers to access...
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 power, data, and service solutions, today announced it has launched its Global...
Ocean Power Technologies delivers first unmanned surface vehicles to Sulmara
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it had delivered the first set of new unmanned surface vehicles (USVs) to Sulmara, as part of a previously announced $1.6 million contract. The delivery triggers the commencement of lease payments, OPT said in...
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" or "OPT"), issues the following statement. On April 28th Paragon announced...
Ocean Power Technologies wins contract for unmanned surface vehicle with offshore construction contractor
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been awarded a contract for the immediate delivery of a Wave Adaptive Modular Vessel (WAM-V) to an offshore construction contractor. The provider of intelligent maritime solutions and services said the vehicle will provide survey services...
Source: https://incomestatements.info
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