Financial Snapshot

Revenue
$7.083M
TTM
Gross Margin
41.86%
TTM
Net Earnings
-$21.64M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
278.78%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$22.12M
Q4 2024
Cash
Q4 2024
P/E
-2.400
Nov 29, 2024 EST
Free Cash Flow
-$22.63M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $5.525M $2.732M $1.759M $1.206M $1.680M $630.0K $510.0K $843.0K $705.0K $4.105M $1.499M $3.620M $5.740M $6.690M $5.100M $4.050M $4.770M $2.530M $1.750M $5.370M $4.710M $2.550M
YoY Change 102.23% 55.32% 45.85% -28.21% 166.67% 23.53% -39.5% 19.57% -82.83% 173.9% -58.59% -36.93% -14.2% 31.18% 25.93% -15.09% 88.54% 44.57% -67.41% 14.01% 84.71% 84.78%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue $5.525M $2.732M $1.759M $1.206M $1.680M $630.0K $510.0K $843.0K $705.0K $4.105M $1.499M $3.620M $5.740M $6.690M $5.100M $4.050M $4.770M $2.530M $1.750M $5.370M $4.710M $2.550M
Cost Of Revenue $2.699M $2.496M $1.860M $2.279M $1.790M $1.300M $760.0K $938.0K $668.0K $4.671M $1.510M $3.480M $5.680M $6.260M $4.300M $4.840M $7.960M $3.980M $2.060M $5.170M $4.320M $2.560M
Gross Profit $2.826M $236.0K -$101.0K -$1.073M -$110.0K -$670.0K -$250.0K -$95.00K $37.00K -$566.0K -$11.44K $140.0K $50.00K $440.0K $800.0K -$790.0K -$3.190M -$1.450M -$310.0K $190.0K $390.0K -$10.00K
Gross Profit Margin 51.15% 8.64% -5.74% -88.97% -6.55% -106.35% -49.02% -11.27% 5.25% -13.79% -0.76% 3.87% 0.87% 6.58% 15.69% -19.51% -66.88% -57.31% -17.71% 3.54% 8.28% -0.39%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Selling, General & Admin $7.772M $6.920M $7.620M $6.990M $6.563M $6.747M $9.571M $9.359M $9.130M $8.270M $8.400M $9.060M $9.530M $7.730M $4.890M $3.190M $2.550M $1.750M $820.0K
YoY Change 12.31% -9.19% 9.01% 6.51% -2.73% -29.51% 2.27% 2.51% 10.4% -1.55% -7.28% -4.93% 23.29% 58.08% 53.29% 25.1% 45.71% 113.41% -55.19%
% of Gross Profit 18235.14% 6521.43% 16540.0% 1909.09% 1132.5% 1342.11% 448.72%
Research & Development $7.700M $10.00M $4.747M $4.340M $4.980M $4.320M $5.029M $7.051M $4.149M $4.565M $7.330M $8.340M $13.32M $13.00M $8.370M $8.260M $6.220M $4.230M $910.0K $260.0K $180.0K
YoY Change -23.0% 9.38% -12.85% 15.28% -14.1% -28.68% 69.93% -9.1% -37.72% -12.11% -37.39% 2.46% 55.32% 1.33% 32.8% 47.04% 364.84% 250.0% 44.44% -70.97%
% of Gross Profit 272.47% 4237.29% 19056.76% 5235.71% 16680.0% 3027.27% 1625.0% 478.95% 66.67%
Depreciation & Amortization $420.0K $341.0K $230.0K $149.0K $160.0K $180.0K $120.0K $140.0K $112.0K $965.2K $421.8K $500.0K $440.0K $360.0K $370.0K $300.0K $240.0K $270.0K $230.0K $140.0K $40.00K
YoY Change 23.17% 48.26% 54.36% -6.88% -11.11% 50.0% -14.29% 25.0% -88.4% 128.8% -15.63% 13.64% 22.22% -2.7% 23.33% 25.0% -11.11% 17.39% 64.29% 250.0%
% of Gross Profit 14.86% 144.49% 302.7% 357.14% 880.0% 81.82% 46.25% 73.68% 10.26%
Operating Expenses $32.16M $29.45M $21.51M $12.52M $11.26M $12.60M $11.31M $11.59M $14.90M $13.72M $13.14M $16.46M $16.62M $21.71M $22.06M $17.90M $15.99M $11.12M $7.420M $3.460M $2.000M $990.0K
YoY Change 9.18% 36.91% 71.83% 11.18% -10.63% 11.41% -2.43% -22.18% 8.56% 4.43% -20.18% -0.96% -23.45% -1.59% 23.24% 11.94% 43.79% 49.87% 114.45% 73.0% 102.02% -59.76%
Operating Profit -$29.33M -$29.22M -$21.61M -$13.59M -$11.37M -$13.27M -$11.56M -$11.69M -$14.86M -$14.29M -$13.15M -$16.32M -$16.57M -$21.27M -$21.26M -$18.69M -$19.18M -$12.57M -$7.730M -$3.270M -$1.610M -$1.000M
YoY Change 0.39% 35.18% 59.01% 19.54% -14.32% 14.79% -1.09% -21.34% 4.0% 8.64% -19.42% -1.51% -22.1% 0.05% 13.75% -2.55% 52.59% 62.61% 136.39% 103.11% 61.0% -78.77%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Interest Expense $802.0K $903.0K $123.0K $139.0K $120.0K $180.0K $280.0K $1.500M -$140.0K -$490.0K $210.0K $40.00K $310.0K $460.0K $1.570M $380.0K $4.520M $2.910M $430.0K $2.800M $2.140M $40.00K
YoY Change -11.18% 634.15% -11.51% 15.83% -33.33% -35.71% -81.33% -1171.43% -71.43% -333.33% 425.0% -87.1% -32.61% -70.7% 313.16% -91.59% 55.33% 576.74% -84.64% 30.84% 5250.0% -66.67%
% of Operating Profit
Other Income/Expense, Net $2.000K $1.709M $60.00K -$83.00K $0.00 $0.00 $241.0K $419.4K $0.00 $560.0K $0.00 $0.00 $10.00K $70.00K $0.00 -$3.500M $0.00
YoY Change -99.88% 2748.33% -172.29% -42.54% -100.0% -100.0% -85.71% -100.0% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Pretax Income -$28.74M -$26.60M -$20.70M -$14.76M -$11.25M -$13.10M -$11.28M -$9.805M -$14.22M -$12.40M -$9.533M -$16.28M -$16.24M -$20.82M -$19.13M -$18.32M -$14.66M -$9.640M -$7.220M -$460.0K -$2.970M -$970.0K
YoY Change 8.02% 28.54% 40.22% 31.2% -14.12% 16.13% 15.04% -31.06% 14.67% 30.11% -41.45% 0.25% -22.0% 8.83% 4.42% 24.97% 52.07% 33.52% 1469.57% -84.51% 206.19% -76.23%
Income Tax -$1.254M -$278.0K -$1.823M -$900.0K -$850.0K -$1.120M -$698.0K -$1.674M -$1.138M -$1.746M -$1.450M -$1.050M -$360.0K $0.00 $0.00 $0.00 $0.00 -$140.0K -$30.00K -$120.0K -$150.0K
% Of Pretax Income
Net Earnings -$27.50M -$26.33M -$18.87M -$14.76M -$10.35M -$12.25M -$10.16M -$9.486M -$13.13M -$13.11M -$10.97M -$14.68M -$15.14M -$20.44M -$19.17M -$18.32M -$14.66M -$9.640M -$7.080M -$430.0K -$2.850M -$820.0K
YoY Change 4.46% 39.48% 27.87% 42.61% -15.51% 20.57% 7.11% -27.75% 0.11% 19.56% -25.28% -3.04% -25.93% 6.62% 4.64% 24.97% 52.07% 36.16% 1546.51% -84.91% 247.56% -79.08%
Net Earnings / Revenue -497.74% -963.62% -1073.0% -1223.88% -616.07% -1944.44% -1992.16% -1125.27% -1862.27% -319.44% -731.82% -405.52% -263.76% -305.53% -375.88% -452.35% -307.34% -381.03% -404.57% -8.01% -60.51% -32.16%
Basic Earnings Per Share -$0.47 -$0.47 -$0.35
Diluted Earnings Per Share -$0.47 -$0.47 -$349.5K -$491.7K -$1.436M -$9.496M -$13.19M -$45.19M -$145.9M -$145.7M -$182.8M -$293.6M -$302.8M -$408.8M -$383.4M -$366.4M -$293.2M -$321.3M -$236.0M -$14.33M -$142.5M -$41.00M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Cash & Short-Term Investments $3.151M $34.67M $57.27M $83.03M $10.00M $16.70M $11.50M $8.400M $6.800M $17.40M $28.40M $20.40M $31.70M $30.40M $36.80M $53.10M $88.80M $115.9M $32.40M $38.80M
YoY Change -90.91% -39.46% -31.02% 730.28% -40.12% 45.22% 36.9% 23.53% -60.92% -38.73% 39.22% -35.65% 4.28% -17.39% -30.7% -40.2% -23.38% 257.72% -16.49%
Cash & Equivalents $3.151M $6.883M $7.885M $83.03M $10.00M $16.70M $11.50M $8.400M $6.700M $17.30M $400.0K $4.200M $1.300M $500.0K $2.600M $7.900M $88.80M $107.5M $32.00M $13.60M
Short-Term Investments $0.00 $27.79M $49.38M $0.00 $0.00 $0.00 $100.0K $100.0K $26.00M $14.00M $28.40M $26.30M $34.10M $45.20M $0.00 $8.400M $500.0K $25.20M
Other Short-Term Assets $1.747M $1.059M $725.0K $871.0K $1.300M $900.0K $1.100M $1.000M $2.800M $400.0K $6.100M
YoY Change 64.97% 46.07% -16.76% -33.0% 44.44% -18.18% 10.0% -64.29% 600.0% -93.44%
Inventory $4.831M $1.044M $442.0K
Prepaid Expenses
Receivables $814.0K $897.0K $868.0K $540.0K $400.0K $100.0K $200.0K $300.0K $0.00 $200.0K $300.0K $900.0K $1.300M $1.700M $1.900M $2.000M $2.300M $1.200M $200.0K $1.500M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $400.0K $0.00 $200.0K $200.0K $600.0K $200.0K $800.0K $900.0K $1.000M $1.100M $1.400M $400.0K $300.0K $500.0K
Total Short-Term Assets $10.54M $37.67M $59.30M $84.44M $11.70M $17.60M $13.30M $9.700M $9.800M $18.20M $35.40M $21.40M $33.90M $33.00M $39.70M $56.20M $92.50M $117.5M $33.00M $40.70M
YoY Change -72.01% -36.47% -29.77% 621.7% -33.52% 32.33% 37.11% -1.02% -46.15% -48.59% 65.42% -36.87% 2.73% -16.88% -29.36% -39.24% -21.28% 256.06% -18.92%
Property, Plant & Equipment $5.848M $3.031M $1.197M $1.442M $1.700M $600.0K $700.0K $200.0K $300.0K $300.0K $300.0K $700.0K $700.0K $800.0K $700.0K $900.0K $600.0K $400.0K $500.0K $400.0K
YoY Change 92.94% 153.22% -16.99% -15.18% 183.33% -14.29% 250.0% -33.33% 0.0% 0.0% -57.14% 0.0% -12.5% 14.29% -22.22% 50.0% 50.0% -20.0% 25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $16.30M $28.90M $28.60M $12.20M $0.00
YoY Change -100.0% -43.6% 1.05% 134.43%
Other Assets $154.0K $155.0K $219.0K $222.0K $200.0K $200.0K $200.0K $200.0K $300.0K $400.0K $1.500M $1.600M $1.600M $2.200M $2.700M $2.200M $1.500M $1.200M $100.0K $100.0K
YoY Change -0.65% -29.22% -1.35% 11.0% 0.0% 0.0% 0.0% -33.33% -25.0% -73.33% -6.25% 0.0% -27.27% -18.52% 22.73% 46.67% 25.0% 1100.0% 0.0%
Total Long-Term Assets $18.16M $15.70M $14.09M $1.938M $1.800M $800.0K $800.0K $400.0K $600.0K $700.0K $2.700M $3.400M $3.500M $20.60M $33.30M $32.60M $15.00M $2.200M $1.000M $900.0K
YoY Change 15.67% 11.44% 626.99% 7.67% 125.0% 0.0% 100.0% -33.33% -14.29% -74.07% -20.59% -2.86% -83.01% -38.14% 2.15% 117.33% 581.82% 120.0% 11.11%
Total Assets $28.70M $53.37M $73.39M $86.38M $13.50M $18.40M $14.10M $10.10M $10.40M $18.90M $38.10M $24.80M $37.40M $53.60M $73.00M $88.80M $107.5M $119.7M $34.00M $41.60M
YoY Change
Accounts Payable $3.366M $952.0K $905.0K $687.0K $200.0K $300.0K $300.0K $600.0K $400.0K $400.0K $500.0K $500.0K $400.0K $1.200M $1.800M $900.0K $1.500M $1.700M $200.0K $900.0K
YoY Change 253.57% 5.19% 31.73% 243.5% -33.33% 0.0% -50.0% 50.0% 0.0% -20.0% 0.0% 25.0% -66.67% -33.33% 100.0% -40.0% -11.76% 750.0% -77.78%
Accrued Expenses $2.561M $2.875M $877.0K $2.376M $1.600M $1.900M $2.300M $3.100M $2.700M $2.500M $2.900M $3.900M $2.800M $4.300M $4.100M $3.800M $4.500M $4.600M $1.700M $1.900M
YoY Change -10.92% 227.82% -63.09% 48.5% -15.79% -17.39% -25.81% 14.81% 8.0% -13.79% -25.64% 39.29% -34.88% 4.88% 7.89% -15.56% -2.17% 170.59% -10.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $319.0K $347.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -8.07%
Long-Term Debt Due $0.00 $0.00 $0.00 $100.0K $100.0K $100.0K $100.0K $100.0K $100.0K $100.0K $100.0K
YoY Change -100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total Short-Term Liabilities $7.359M $7.907M $2.978M $4.694M $1.900M $2.400M $3.700M $4.600M $6.200M $3.000M $9.200M $5.600M $5.000M $6.000M $7.100M $5.000M $6.600M $6.300M $2.100M $2.800M
YoY Change -6.93% 165.51% -36.56% 147.05% -20.83% -35.14% -19.57% -25.81% 106.67% -67.39% 64.29% 12.0% -16.67% -15.49% 42.0% -24.24% 4.76% 200.0% -25.0%
Long-Term Debt $0.00 $0.00 $0.00 $396.0K $0.00 $0.00 $0.00 $0.00 $100.0K $100.0K $200.0K $300.0K $400.0K $500.0K $300.0K $300.0K $200.0K $200.0K $200.0K $200.0K
YoY Change -100.0% -100.0% 0.0% -50.0% -33.33% -25.0% -20.0% 66.67% 0.0% 50.0% 0.0% 0.0% 0.0%
Other Long-Term Liabilities $1.798M $1.311M $1.381M $819.0K $1.100M $100.0K $100.0K $600.0K $600.0K $600.0K $800.0K $0.00 $600.0K $700.0K $600.0K $600.0K $600.0K $600.0K $700.0K
YoY Change 37.15% -5.07% 68.62% -25.55% 1000.0% 0.0% 0.0% 0.0% -25.0% -100.0% -14.29% 16.67% 0.0% 0.0% 0.0% -14.29%
Total Long-Term Liabilities $1.798M $1.311M $1.381M $1.215M $1.100M $100.0K $100.0K $0.00 $700.0K $700.0K $800.0K $1.100M $400.0K $1.100M $1.000M $900.0K $800.0K $800.0K $800.0K $900.0K
YoY Change 37.15% -5.07% 13.66% 10.45% 1000.0% 0.0% -100.0% 0.0% -12.5% -27.27% 175.0% -63.64% 10.0% 11.11% 12.5% 0.0% 0.0% -11.11%
Total Liabilities $9.360M $9.421M $4.562M $5.909M $3.000M $2.600M $3.900M $4.600M $6.800M $3.200M $9.600M $6.500M $5.300M $7.100M $8.200M $6.000M $7.500M $7.200M $2.900M $3.800M
YoY Change -0.65% 106.51% -22.8% 96.97% 15.38% -33.33% -15.22% -32.35% 112.5% -66.67% 47.69% 22.64% -25.35% -13.41% 36.67% -20.0% 4.17% 148.28% -23.68%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Basic Shares Outstanding 59.03M shares 56.00B shares 54.01B shares
Diluted Shares Outstanding 59.03M shares 56.00B shares 54.01B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $51.944 Million

About Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc. engages in commercializing proprietary systems that generate electricity predominantly by harnessing the renewable energy of ocean waves. The company is headquartered in Monroe Township, New Jersey and currently employs 43 full-time employees. The company went IPO on 2003-10-31. The firm 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 firm's solutions are primarily suited to ocean and other offshore environments, and support generation of actionable intelligence on a standalone basis. The firm 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.

Industry: Electric Services Peers: 374Water Inc. BROADWIND, INC. Bloom Energy Corp Clean Energy Technologies, Inc. POWER SOLUTIONS INTERNATIONAL, INC. PIONEER POWER SOLUTIONS, INC. Polar Power, Inc. TPI COMPOSITES, INC