Ocean Power Technologies Inc (OPTT) Q2 2025 Earnings Call Highlights: Record Revenue and ... [Yahoo! Finance]
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: Yahoo! Finance
Net Loss: Decreased by 46% to $3.9 million from $7.2 million in the previous year. Cash and Investments: Combined total of $2.3 million as of October 31, 2024. Operating Cash Flow: Net cash used in operating activities was $10.9 million year-to-date, a 30% improvement from the prior year. Warning! GuruFocus has detected 6 Warning Signs with OPTT. Release Date: December 17, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Positive Points Ocean Power Technologies Inc ( OPTT ) achieved record quarterly revenue of $2.4 million, marking a 170% increase compared to the same period last year. The company successfully reduced operating expenses by 41% year-over-year, demonstrating effective cost management. Strategic partnerships in Latin America and the Middle East have expanded market presence, with significant purchase order commitments and distributor agreements. The company is on track to achieve positive cash f
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OPTT
News
- Ocean Power Technologies to Participate in a Fireside Chat on Thursday, December 19, 2024GlobeNewswire
- Ocean Power Technologies Announces Financial Results for Second Quarter Fiscal 2025GlobeNewswire
- Ocean Power Technologies Secures $3 Million in Purchase Order Commitments for WAM-V USV's in Latin AmericaGlobeNewswire
- Ocean Power Technologies Pre-Releases Preliminary Financial Results for Second Quarter Fiscal 2025GlobeNewswire
- Ocean Power Technologies to Release Fiscal 2025 Second Quarter Early Earnings on December 2, 2024GlobeNewswire
OPTT
Sec Filings
- 12/20/24 - Form 305B2
- 12/20/24 - Form 8-K
- 12/20/24 - Form 424B5
- OPTT's page on the SEC website