Ocean Power Technologies

Ocean Power Technologies, Inc. engages in commercializing proprietary systems that generate electricity predominantly by harnessing the renewable energy of ocean waves. It offers PB3 PowerBuoy, which generates electricity by harnessing the renewable energy of ocean waves. It operates through the following geographical segments: North and South America, Europe, and Asia and Australia. The company was founded by George W. Taylor on April 19, 1984 and is headquartered in Monroe Township, NJ.

Earnings data Q4 2021

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Earnings data Q4 2022

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Earnings data Q4 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Earnings data Q2 2025

Earnings data Q3 2025

Ocean Power Technologies reports fiscal growth amidst shareholder challenges

Ocean Power Technologies (OPTT) showcased technological achievements and strategic partnerships in fiscal 2024 despite financial challenges from a dissident shareholder.
With a focus on achieving profitability by the second half of calendar 2025, OPTT aims to leverage cost optimization and operational efficiencies for future success.
Dr. Stratmann's emphasis on growth trajectory, market opportunities, and shareholder value underscores OPTT's commitment to driving innovation and value creation.

Ocean Power Technologies (OPTT) reports strong Q1 results and advances in renewable energy technology

Ocean Power Technologies (OPTT) delivered improved financial performance in Q1 '25 with revenue growth, cost reductions, and a strengthened backlog, signaling positive momentum.
The company's focus on innovation, strategic partnerships, and operational efficiency positions it well for future growth and market leadership in the renewable energy sector.
While OPTT faces challenges in maintaining profitability and cash flow, opportunities lie in leveraging its technological advancements and market demand to drive sustainable growth.

Ocean Power Technologies (OPTT) achieves record revenue and eyes profitability in Q4 2025

Ocean Power Technologies (OPTT) reported strong financial performance in Q2 2025, with record revenue and reduced net losses. Strategic partnerships and market expansion efforts are driving growth, positioning the company for profitability by Q4 2025. Analysts see opportunities in global expansion and recurring revenue models for OPTT.

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Hewlett, Purcel & Slaiby Elected as Independent Directors Hewlett, Purcel & Slaiby Elected as Independent Directors

Ocean Power Technologies Welcomes Three New Members to its Board of Directors

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Investor Conference Call and Webcast on December 8, 2020, at 11:00 A.M. ET Investor Conference Call and Webcast on December 8, 2020, at 11:00 A.M. ET

Ocean Power Technologies Announces Second Quarter FY2021 Results

Turnkey Installation of OPT PowerBuoy® Solution in Chile Turnkey Installation of OPT PowerBuoy® Solution in Chile

Ocean Power Technologies Taps SeaTrepid International for First Remote OPT PowerBuoy® Deployment

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MONROE TOWNSHIP, N.J., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that Jorge Franco has joined the Company as Regional Sales Representative based in Spain. Reporting to OPT Vice President, Global Sales Jeff Wiener, Mr. Franco will concentrate on opportunities in Southern Europe.

Ocean Power Technologies Expands Commercial Team With Southern Europe-Based Representative

Study to Utilize PB3 PowerBuoy for 'Remote Zero Carbon Power for Electric Subsea Operations' Project Study to Utilize PB3 PowerBuoy for 'Remote Zero Carbon Power for Electric Subsea Operations' Project

DeepStar® Awards Subsea Systems Engineering Contract to Ocean Power Technologies

Thanks to relationships with the U.S. Navy and goventment contractors, Ocean Power Technologies and OPTT stock could enjoy handsome rewards. The post OPTT Stock Floats an Ocean of Possibilities appeared first on InvestorPlace.

OPTT Stock Floats an Ocean of Possibilities

In light of a business connection to none other than the U.S. Navy, the argument for OPTT stock as a defense-tech winner remains compelling. The post Navy Subcontract Should Propel Ocean Power Technologies appeared first on InvestorPlace.

Navy Subcontract Should Propel Ocean Power Technologies

If Ocean Power Technologies' product is special, why hasn't General Electric acquired it? OPTT stock is trading less than $2 for a reason.

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Given its poor financials and history of underperformance, OPTT stock is not for the faint of heart. But the contrarian speculator may see future value in this green energy investment.

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Get ready for more investments pouring into alternative and greener energy technologies, but the future for OPTT stock has other challenges. The post How Good Is the Surf in Ocean Power Technologies Stock?

How Good Is the Surf in Ocean Power Technologies Stock?

Give OPTT stock a try for exposure to a variety of compelling investment opportunities in the fascinating clean energy space. The post Ocean Power Technologies Will Sail Further on Renewable Energy Movement appeared first on InvestorPlace.

Ocean Power Technologies Will Sail Further on Renewable Energy Movement

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Shares of Ocean Power Technologies Inc. OPTT, +34.16% charged 34% higher in very active trading, to keep its recent big rally going, although the provider of electric power and data communications for remote offshore and subsea use has not released any news. Trading volume was 42.6 million shares, making the stock the most actively traded on major U.S. exchanges.

Ocean Power Technologies stock continues to soar on heavy volume

Ocean Power Technologies (OPTT) is seeing a massive spike in its stock on Monday and we have what investors need to know about it. The post Ocean Power Technologies: 14 Things to Know About OPTT Stock appeared first on InvestorPlace.

Ocean Power Technologies: 14 Things to Know About OPTT Stock

New Agreement Provides Flexible Access to Funding at a Lower Cost of Capital New Agreement Provides Flexible Access to Funding at a Lower Cost of Capital

Ocean Power Technologies Enters Into a New $12.5 Million Common Stock Purchase Agreement With Aspire Capital Fund

Investor Conference Call and Webcast on September 15, 2020, at 11:00 A.M. ET Investor Conference Call and Webcast on September 15, 2020, at 11:00 A.M. ET

Ocean Power Technologies Announces First Quarter FY2021 Results

Newly Created Strategic Role Will Execute OPT’s Asia-Pacific Market Expansion Newly Created Strategic Role Will Execute OPT’s Asia-Pacific Market Expansion

Ocean Power Technologies Expands Commercial Team With Indonesia-Based Representative

Over One-and-a-Half Years of Continuous Unabated Autonomous Wave Energy Conversion Over One-and-a-Half Years of Continuous Unabated Autonomous Wave Energy Conversion

Ocean Power Technologies’ PB3 PowerBuoy® Achieves New Operational Milestone

Strategically Situated in the Hub of Global Oil and Gas Operations and Energy Innovation Strategically Situated in the Hub of Global Oil and Gas Operations and Energy Innovation

Ocean Power Technologies Opens Houston Office to Support Energy Sector Business Development

News for Ocean Power Technologies Stock (OPTT)