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Ocean Power Technologies (OPTT)
:OPTT
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Ocean Power Technologies
(NYSE MKT:OPTT)
43Neutral
Ocean Power Technologies (OPTT) vs. S&P 500 (SPY)
Market Cap
$91.26M
Dividend YieldN/A
Average Volume (3M)5.48M
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue Growth23.98%
EPS Growth52.50%
CountryUS
EmployeesN/A
SectorIndustrials
Sector Strength71
IndustryIndustrial Goods
Share Statistics
EPS (TTM)-0.25
Shares Outstanding172,050,570
10 Day Avg. Volume5,298,069
30 Day Avg. Volume5,478,423
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)14.75
Price to Cash Flow (P/CF)-6.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Ocean Power Technologies Business Overview & Revenue Model
Company DescriptionOcean Power Technologies (OPTT) is a pioneering company in the renewable energy sector, specializing in the development and commercialization of advanced wave-energy technologies. The company focuses on harnessing the power of ocean waves to generate sustainable energy solutions. Its core products include the PowerBuoy, an innovative ocean-based power generation system designed to provide electricity for remote offshore applications. OPTT serves various industries, including oil and gas, defense, and telecommunications, by offering environmentally friendly energy alternatives.
How the Company Makes MoneyOcean Power Technologies generates revenue primarily through the sale and deployment of its wave-energy conversion products and solutions, particularly the PowerBuoy systems. The company also engages in leasing agreements and provides maintenance and support services to its clients, ensuring the optimal performance and longevity of its installations. Additionally, OPTT may receive funding through research and development grants and strategic partnerships with organizations interested in advancing renewable energy technologies. These collaborations can enhance its product offerings and expand its market reach.
Ocean Power Technologies Financial Statement Overview
Summary
Ocean Power Technologies experiences a challenging financial landscape. Revenue growth is promising, but persistent losses and negative cash flows pose threats to financial health. The company's ability to manage liabilities and improve operational efficiency is crucial for future stability and growth.Income Statement
The company shows a strong growth in revenue over time, with a notable increase from the previous period to the TTM (Trailing-Twelve-Months). However, profitability remains a significant issue as evidenced by consistently negative net income and EBIT margins. The gross profit margin has improved in the TTM, but the high operating losses indicate ongoing challenges in achieving operational efficiency.35
Negative
Balance Sheet
The balance sheet reflects moderate leverage with a debt-to-equity ratio that is relatively low, indicating limited reliance on debt financing. However, the equity ratio has been declining, which could signal growing financial risk if the trend continues. The company maintains a steady level of cash and short-term investments, providing some financial stability despite persistent losses.45
Neutral
Cash Flow
Cash flow from operations is negative and has been deteriorating, highlighting the company's struggle to generate cash from its core activities. The high negative free cash flow further underscores liquidity concerns. Although there has been some improvement in financing cash flow, it is insufficient to offset the operational cash deficits.30
Negative
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 6.12M | 5.53M | 2.73M | 1.76M | 1.21M | 1.68M | Gross Profit |
| 2.30M | 2.83M | 236.00K | -101.00K | -1.07M | -105.00K | EBIT |
| -20.98M | -29.40M | -29.22M | -21.61M | -13.59M | -11.37M | EBITDA |
| -20.17M | -28.24M | -27.76M | -21.10M | -13.44M | -10.89M | Net Income Common Stockholders |
| -21.81M | -27.48M | -26.33M | -18.87M | -15.85M | -10.35M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.03M | 3.15M | 34.67M | 57.27M | 83.03M | 10.00M | Total Assets |
| 34.41M | 28.70M | 53.37M | 73.39M | 86.38M | 13.54M | Total Debt |
| 0.00 | 2.57M | 1.84M | 857.00K | 2.06M | 1.41M | Net Debt |
| -10.03M | -579.00K | -5.04M | -7.03M | -80.97M | -8.60M | Total Liabilities |
| 5.50M | 9.36M | 9.42M | 4.56M | 5.91M | 3.04M | Stockholders Equity |
| 28.91M | 19.34M | 43.95M | 68.83M | 80.47M | 10.49M |
| Cash Flow | Free Cash Flow | ||||
| -21.39M | -32.35M | -22.73M | -21.44M | -11.70M | -10.64M | Operating Cash Flow |
| -19.68M | -29.76M | -21.71M | -21.30M | -11.67M | -10.58M | Investing Cash Flow |
| 2.68M | 25.50M | 20.46M | -54.03M | 74.00K | -65.00K | Financing Cash Flow |
| 22.31M | 469.00K | -14.00K | 87.00K | 84.17M | 4.45M |
Ocean Power Technologies Technical Analysis
Neutral
0.53
Price Trends
0.70
Negative
0.53
Negative
0.37
Positive
Market Momentum
-0.05
Negative
45.96
Neutral
33.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPTT, the sentiment is Neutral. The current price of 0.53 is below the 20-day moving average (MA) of 0.54, below the 50-day MA of 0.70, and above the 200-day MA of 0.37, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 45.96 is Neutral, neither overbought nor oversold. The STOCH value of 33.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OPTT.
Ocean Power Technologies Risk Analysis
Ocean Power Technologies disclosed 42 risk factors in its most recent earnings report. Ocean Power Technologies reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ocean Power Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $8.23B | 13.95 | 2.39% | 3.08% | 3.89% | -14.41% | |
55 Neutral | $43.23M | ― | -25.26% | ― | -46.17% | -20.51% | |
47 Neutral | $112.46M | ― | -22.00% | ― | 8.60% | -441.73% | |
45 Neutral | $554.37M | ― | -38.88% | ― | -30.80% | -84.41% | |
45 Neutral | $108.68M | ― | -18.96% | ― | 11.09% | 0.41% | |
43 Neutral | $91.26M | ― | -80.51% | ― | 23.98% | 52.50% | |
43 Neutral | $1.49B | ― | -90.88% | ― | -29.45% | -10.79% |
* Industrials Sector Average
Performance Comparison
OPTT
Ocean Power Technologies
0.53
0.27
103.85%
FCEL
Fuelcell Energy
5.14
-28.46
-84.70%
PLUG
Plug Power
1.53
-1.80
-54.05%
TSE:BLDP
Ballard Power Systems
1.85
-1.85
-50.00%
ORGN
Origin Materials
0.75
0.25
50.00%
WAVE
Eco Wave Power Global
7.40
6.31
578.90%
Ocean Power Technologies Earnings Call Summary
Earnings Call Date: Mar 18, 2025 | % Change Since: -13.11% | Next Earnings Date: Jul 23, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive trajectory for Ocean Power Technologies, with record revenues and strategic partnerships driving growth. However, challenges remain in terms of cash reserves and ongoing net losses. The company is focused on achieving profitability and positive cash flow by the end of calendar year 2025.Highlights
Record Quarterly Revenue
Achieved record quarterly revenue of $2.4 million, marking a 170% increase year-over-year and a 142% increase sequentially.
Strategic Partnerships and Market Expansion
Established partnerships in Latin America, the Middle East, and with multiple companies to expand market presence and secure $3 million in commitments over 36 months.
Operating Expense Reduction
Reduced operating expenses by 41% year-over-year, contributing to a decrease in net loss by 46% from $7.2 million to $3.9 million.
Focus on Strategic Growth Areas
Emphasis on national security, critical infrastructure, and international market expansion contributing to growth.
Positive Cash Flow and Profitability Goals
On track to achieve positive cash flow by the end of calendar year 2025, with disciplined operational efficiency.
Lowlights
Cash and Short-term Investments Decrease
Combined cash and short-term investments decreased from $3.3 million at the close of the prior quarter to $2.3 million.
Ongoing Net Loss
Despite improvements, the company still reported a net loss of $3.9 million for the quarter.
Company Guidance
During Ocean Power Technologies' Q2 2025 earnings call, CEO Philipp Stratmann highlighted the company's impressive financial performance and strategic milestones. The company achieved record quarterly revenue of $2.4 million, marking a 170% year-over-year increase, and reduced operating expenses by 41%, demonstrating effective cost management. Operating cash burn was also reduced by 39%, aligning with the firm's goal to reach positive cash flow by the end of calendar year 2025. The company's strategic emphasis on national security, critical infrastructure, and international market expansion, particularly in Latin America and the Middle East, contributed significantly to revenue growth. Additionally, the firm announced a $3 million partnership in Latin America and several strategic alliances in the Middle East, boosting its presence in the maritime and renewable energy sectors. These efforts are expected to support the company's path to profitability in Q4 2025.Ocean Power Technologies Corporate Events
Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
Ocean Power Technologies Expands Focus on Government Projects
Neutral
Jan 21, 2025
On January 16, 2025, Ocean Power Technologies held its 2024 Annual Meeting of Stockholders virtually, where various proposals were voted on, including the election of directors and amendments to incentive plans. The company also appointed an advisory board comprising experts in cybersecurity and naval operations to support its strategic focus on U.S. government projects. This development signals an expansion of the company’s efforts towards government contracts, particularly with the Department of Defense and the Department of Homeland Security.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.