Key Details
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$1.18Annual ROE
-86.84%Beta
0.19Events Calendar
Next earnings date:
Mar 14, 2025Recent quarterly earnings:
Dec 16, 2024Recent annual earnings:
July 25, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
Mar 12, 2019Analyst ratings
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Ocean Power Technologies Inc (NYSE-A:OPTT) this week announced the deployment of their next-generation PowerBuoy system for the Naval Postgraduate School. CEO Philipp Stratmann joined Proactive to discuss the milestone.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed the final assembly of its AI-capable Merrows PowerBuoy for the Naval Postgraduate School (NPS). The provider of intelligent maritime solutions said the advanced system, which integrates AT&T 5G technology and subsea sensors, is designed for seamless integration with Maritime Domain Awareness platforms.
MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company's ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Thursday, December 19, 2024, at 11:00 a.m. ET.
Ocean Power Technologies Inc (NYSE-A:OPTT) has reported its financial results for the fiscal second quarter of 2025 marked by a 2.7x year-over-year increase in revenue to $2.4 million and a 46% reduction in its net loss to $3.9 million. The company reduced its operating expenses by 41% from the year-ago quarter.
Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses
Ocean Power Technologies Inc (NYSE-A:OPTT) is expected to cap off a strong 2024 with reduced losses and commercial growth opportunities, according to analysts at Water Tower Research. The manufacturer of the Wave Adaptive Modular Vessel (WAV) recently stated its guidance of achieving profitability by the fourth quarter of 2025.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced a new partnership including $3 million of purchase order commitments for its WAM-V unmanned surface vehicles (USVs) over 36 months in Latin America. The provider of intelligent maritime solutions highlighted that this builds on a previous $1.5 million order, doubling the total commitments to $3 million in the region.
Ocean Power Technologies Inc (NYSE-A:OPTT) has captured investor attention this week with the preliminary release of its fiscal second quarter financial results. Shares of the provider of intelligent maritime solutions have added 87% in the last five days, jumping to $0.38 per share from $0.20.
Ocean Power Technologies Inc (NYSE-A:OPTT) has released preliminary financial results for the second quarter of fiscal year 2025, ending October 31, 2024. These unaudited results are subject to change and will be finalized when the company files its complete financial report in mid-December.
Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses
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