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Ocean Power Technologies
(OPTT)
Ocean Power Technologies (OPTT) vs. SPDR S&P 500 ETF (SPY)
Ocean Power Technologies Business Overview & Revenue Model
Ocean Power Technologies Earnings Call Summary
Ocean Power Technologies Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.74M | 5.86M | 5.53M | 2.73M | 1.76M | 1.21M |
| Gross Profit | 1.19M | 1.66M | 2.83M | 236.00K | -101.00K | -1.07M |
| EBITDA | -24.77M | -20.79M | -28.24M | -27.76M | -21.10M | -13.44M |
| Net Income | -24.45M | -21.51M | -27.48M | -26.33M | -18.87M | -15.85M |
Balance Sheet | ||||||
| Total Assets | 36.62M | 30.79M | 28.70M | 53.37M | 73.39M | 86.38M |
| Cash, Cash Equivalents and Short-Term Investments | 9.86M | 6.71M | 3.15M | 34.67M | 57.27M | 83.03M |
| Total Debt | 7.11M | 1.80M | 2.57M | 1.84M | 857.00K | 2.06M |
| Total Liabilities | 12.43M | 4.14M | 9.36M | 9.42M | 4.56M | 5.91M |
| Stockholders Equity | 24.19M | 26.65M | 19.34M | 43.95M | 68.83M | 80.47M |
Cash Flow | ||||||
| Free Cash Flow | -19.70M | -19.14M | -32.35M | -22.73M | -21.44M | -11.70M |
| Operating Cash Flow | -18.11M | -18.63M | -29.76M | -21.71M | -21.30M | -11.67M |
| Investing Cash Flow | -1.58M | -505.00K | 25.50M | 20.46M | -54.03M | 74.00K |
| Financing Cash Flow | 26.38M | 22.70M | 469.00K | -14.00K | 87.00K | 84.17M |
Ocean Power Technologies Technical Analysis
Ocean Power Technologies Risk Analysis
Ocean Power Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $74.15M | ― | -207.48% | ― | -16.98% | 2.43% | |
50 Neutral | $78.94M | -8.75 | -7.47% | ― | -35.70% | -151.26% | |
48 Neutral | $126.83M | -0.27 | ― | ― | 4.80% | 16.72% | |
44 Neutral | $78.70M | -2.66 | -105.15% | ― | 3.37% | 59.52% | |
40 Underperform | $702.35M | -1.19 | -23.69% | ― | ― | -385.19% | |
26 Underperform | $31.97M | -0.68 | ― | ― | ― | 25.87% |
Ocean Power Technologies Corporate Events
On May 15, 2025, Ocean Power Technologies entered into a securities purchase agreement with institutional investors to issue and sell convertible notes up to $25 million, which can be converted into common stock. By October 7, 2025, the company had issued $16.5 million in notes, enhancing its financial position and potentially impacting its market operations and stakeholder interests.
The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.
On September 15, 2025, Ocean Power Technologies announced significant growth in its first quarter fiscal 2026 results, with a 184% increase in backlog and a 45% increase in pipeline. Despite a slight revenue decrease, the company expanded its partnership with UAE-based Unique Group and unveiled an upgrade to its AI-enabled Merrows™ Maritime Domain Awareness Solution, enhancing its market position in maritime security and intelligence. The company also opened a new office in Washington, D.C., to strengthen its presence in the uncrewed systems market and influence policy in the marine energy sector.
The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.
Ocean Power Technologies, Inc. is a Maritime Domain Awareness company specializing in intelligent maritime solutions, including Data as a Service, Robotics as a Service, and Power as a Service, serving defense, security, and energy markets globally. In its latest earnings report for the quarter ended July 31, 2025, Ocean Power Technologies reported a net loss of $7.4 million, an increase from the $4.5 million loss in the same period last year, despite a slight decrease in revenue from $1.3 million to $1.2 million. Key financial metrics revealed that the company’s operating expenses rose significantly to $7.1 million from $4.9 million, contributing to the widened operating loss. The company’s cash position improved to $9.9 million from $6.7 million, aided by proceeds from convertible notes and stock issuance. Looking forward, Ocean Power Technologies remains focused on expanding its customer base and enhancing recurring revenue, with management expressing confidence in the company’s ability to meet its obligations over the next 12 months.
On September 2, 2025, Ocean Power Technologies announced the shipment of two WAM-V® Unmanned Surface Vehicles to the UAE-based Remah International Group, which focuses on military services. This move is part of OPT’s strategy to expand its presence in the Middle East, with plans to establish a sales and operations office and make strategic hires in the region. The shipment is expected to enhance OPT’s market positioning by showcasing their expeditionary capabilities and autonomous ocean operations, potentially accelerating demand and strengthening partnerships in the region.
The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.
On August 26, 2025, Ocean Power Technologies announced an expanded partnership with Unique Group through a Master Services Agreement, enhancing their growth strategy in the United Arab Emirates. This agreement positions Unique Group as the execution partner for OPT’s non-defense USV projects in the UAE, facilitating accelerated deployments and revenue growth. The partnership includes leasing an OPT WAM-V 22 vehicle and establishing a Maintenance, Repair, and Overhaul hub in the UAE, aiming to enhance service responsiveness and support regional operations.
The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.
On August 14, 2025, Ocean Power Technologies participated in a joint hearing of the New Jersey Legislature to discuss the potential of marine energy. CEO Philipp Stratmann emphasized New Jersey’s potential to lead the U.S. marine energy sector, highlighting OPT’s PowerBuoy® systems and recent successful deployment of an AI-capable Merrows™ PowerBuoy® for the Naval Postgraduate School. He urged lawmakers to support industry collaboration and testing to position New Jersey as a hub for marine energy innovation. Additionally, on August 18, 2025, OPT announced the opening of a new office in Washington, D.C., and on August 19, 2025, they announced an upgrade to one of their products.
The most recent analyst rating on (OPTT) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ocean Power Technologies stock, see the OPTT Stock Forecast page.
On August 8, 2025, Ocean Power Technologies entered into a sales agreement with Ladenburg Thalmann & Co. Inc. to offer and sell shares of its common stock, with a potential aggregate offering price of up to $40 million. This agreement marks a strategic move following the termination of a previous agreement with A.G.P/Alliance Global Partners, under which the company had sold shares worth approximately $18 million. The new agreement allows for flexibility in selling shares and aims to support the company’s capital raising needs, with Ladenburg acting as the sales agent.
On August 5, 2025, Ocean Power Technologies (OPT) and Greensea IQ announced a strategic collaboration to integrate Greensea IQ’s EverClean robotic hull grooming system with OPT’s WAM-V® Unmanned Surface Vehicle platform. This partnership aims to create a fully autonomous system for hull maintenance, enhancing efficiency and environmental responsibility in maritime operations. The collaboration will initially focus on design, integration, and prototype testing, targeting commercial deployment in sectors like maritime, energy, defense, and scientific research. This initiative highlights the increasing demand for sustainable, autonomous technologies in maritime operations, potentially benefiting stakeholders by reducing fuel costs, improving vessel performance, and eliminating the need for toxic coatings.
The recent earnings call for Ocean Power Technologies (OPT) painted a picture of both progress and challenges. The company showcased significant advancements in the defense sector, a record backlog, and strategic global partnerships, indicating strong progress. However, challenges in meeting revenue expectations and delayed profitability targets due to external factors tempered the overall outlook.