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Ocean Power reports Q2 EPS (4c) vs. (12c) last year

Ocean Power reports Q2 EPS (4c) vs. (12c) last year

Reports Q2 revenue $2.42M vs. $889,000 last year. The company said, “The Company reaffirms its previously issued guidance that it believes it will reach profitability during the fourth quarter of calendar 2025. Performance to date reflects strong demand for products, effective cost management, and progress on our strategic initiatives. Recent achievements, including previously announced partnerships, operational milestones, successful exercises and continued customer deliveries, evidence the Company’s trajectory toward achieving this stated objective.”

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