Ocean Power Technologies, Inc. Announces First Quarter Fiscal 2025 Results
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: GlobeNewswire
MONROE TOWNSHIP, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal first quarter ended July 31, 2024 (“Q125”), which included year over year reductions in operating expenses, operating loss, and cash burn. Recent Financial and Operational Highlights: Operating expenses of $4.9 million for Q125 decreased 39% as compared to operating expenses of $8.1 million for the same period in the prior year (“Q124”) reflecting previously disclosed restructuring and streamlining activities. Use of cash for operating activities of $6.1 million for Q125 decreased 23% as compared to operating expenses of $8.0 million for Q124 reflecting previously disclosed restructuring and streamlining activities. The Company’s pipeline at approximately $92 million, as of July 31, 2024, is the largest in the Company’s history, continues to grow, and reflects an increase in defense and secu
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OPTT
Sec Filings
- 9/24/24 - Form SC
- 9/20/24 - Form 8-K
- 9/19/24 - Form 424B5
- OPTT's page on the SEC website