Ocean Power Technologies Inc (A:OPTT)
Business Focus: Renewable Energy Equipment & Services
| 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 | Joseph Dipietro Principal Accounting Officer, Controller, Treasurer | 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, wind power and other industries. |
| Financial Overview |
| For the nine months ended 31 January 2024, Ocean Power Technologies Inc revenues increased from $1.8M to $4M. Net loss increased 24% to $20.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Operating expenses increase of 26% to $24.6M (expense), (Gain)/loss from change in fair value of decrease from $1.2M (income) to $0K, Other income. |
| Employees: | 72 as of Apr 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2.01M as of Jan 31, 2024 |
| Annual revenue (TTM): | $4.93M as of Jan 31, 2024 |
| EBITDA (TTM): | -$31.99M as of Jan 31, 2024 |
| Net annual income (TTM): | -$30.30M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$32.27M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 59,463,573 as of Mar 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.