Sector: Energy | Industry: Renewable Energy Equipment & Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 28 Engelhard Drive, Suite B MONROE TOWNSHIP NJ 08831 |
Tel: | N/A |
Website: | https://oceanpowertechnologies.com |
IR: | See website |
Key People | ||
Philipp Stratmann President, Chief Executive Officer, Director | Robert P. Powers Chief Financial Officer, Senior Vice President, Principal Accounting Officer | Matthew Burdyny Chief Commercial Officer |
Business Overview |
Ocean Power Technologies, Inc. provides ocean data collection and reporting, marine power, offshore communications and domain awareness services products, and integrated solutions. The Company focuses on three major service areas: Data as a Service (DaaS), which includes data collected by its Wave Adaptive Modular Vessel (WAM-V) autonomous vehicles or its PowerBuoy product lines; Robotics as a Service (RaaS), which provides a lower cost subscription model for its customers to access use of its WAM-Vs, and Power as a Service (PaaS), which includes its PowerBuoy and subsea battery products. The Company's solutions are primarily suited to ocean and other offshore environments, and support generation of actionable intelligence on a standalone basis. The Company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, science and research, wind power, and other industries. |
Financial Overview |
For the three months ended 31 July 2024, Ocean Power Technologies Inc revenues increased 2% to $1.3M. Net loss decreased 37% to $4.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Operating expenses decrease of 39% to $4.9M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.12 to -$0.05. |
Employees: | 43 as of Apr 30, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $11.37M as of Jul 31, 2024 |
Annual revenue (TTM): | $5.55M as of Jul 31, 2024 |
EBITDA (TTM): | -$25.73M as of Jul 31, 2024 |
Net annual income (TTM): | -$24.90M as of Jul 31, 2024 |
Free cash flow (TTM): | -$30.72M as of Jul 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 98,023,765 as of Sep 19, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |