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Ocean Power Technologies Inc
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$0.40
11.29%
Pre-market:(2.25%)+0.0090
$0.41
Closed: Apr 2, 7:00:00 AM UTC-4 · USD · NYSEAMERICAN · Disclaimer
Market news
Financials
Income Statement
Revenue
Net Income
Revenue
Net income
| (USD) | Jan 2025info | Y/Y change |
|---|---|---|
Revenue | 825.00K | -53.96% |
Operating expense | 6.07M | -28.99% |
Net income | -6.72M | -3.24% |
Net profit margin | -814.55 | -124.25% |
Earnings per share | — | — |
EBITDA | -5.69M | 25.06% |
Effective tax rate | — | — |
Balance Sheet
Total Assets
Total Liabilities
Total assets
Total liabilities
| (USD) | Jan 2025info | Y/Y change |
|---|---|---|
Cash and short-term investments | 10.03M | 10.21% |
Total assets | 34.41M | -0.46% |
Total liabilities | 5.50M | -40.93% |
Total equity | 28.91M | — |
Shares outstanding | 170.05M | — |
Price to book | 2.65 | — |
Return on assets | -47.88% | — |
Return on capital | -53.00% | — |
Cash Flow
Net Change in Cash
Net change in cash
| (USD) | Jan 2025info | Y/Y change |
|---|---|---|
Net income | -6.72M | -3.24% |
Cash from operations | -3.74M | 59.44% |
Cash from investing | -222.00K | -102.10% |
Cash from financing | 11.89M | 108,227.27% |
Net change in cash | 7.93M | 482.10% |
Free cash flow | -2.06M | 74.42% |
Previous close
$0.45
Day range
$0.40 - $0.45
Year range
$0.12 - $1.75
Market cap
68.19M USD
Avg Volume
5.25M
P/E ratio
-
Dividend yield
-
About
Ocean Power Technologies is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept has been problematic.
Ocean Power was involved in several large PowerBuoy projects, including a very large Australian project with Lockheed Martin from 2012–2014, when they determined that "the project wasn’t 'commercially viable,' and [the company] changed its strategy. It has since commercialized the technology by providing power and communications to remote sites such as offshore oil fields."
Ocean Power Technologies Australasia Pty Ltd, OPTA is an Australian-owned subsidiary of Ocean Power Technologies Inc, previously engaged in wave power projects in Australia. Ocean Power Technologies Limited is the UK-based wholly owned subsidiary. Wikipedia
Founded
1984
Headquarters
Website
Employees
43
