Symbols / OPTT $0.28 -4.40% Ocean Power Technologies, Inc.

Industrials • Specialty Industrial Machinery • United States • ASE
OPTT Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Specialty Industrial Machinery
CEO Dr. Philipp Stratmann
Exch · Country ASE · United States
Market Cap 72.70M
Enterprise Value 66.46M
Income -36.00M
Sales 3.44M
FCF (ttm) -15.80M
Book/sh 0.09
Cash/sh 0.03
Employees 53
Insider 10d —
IPO Apr 25, 2007
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -0.13
PEG —
P/S 21.16
P/B 3.06
P/C —
EV/EBITDA -2.02
EV/Sales 19.35
Quick Ratio 0.71
Current Ratio 1.07
Debt/Eq 42.59
LT Debt/Eq —
EPS (ttm) -0.20
EPS next Y -2.23
EPS Growth —
Revenue Growth -37.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-03-17
Earnings (prior) 2026-03-17
ROA -55.83%
ROE -146.96%
ROIC —
Gross Margin -56.39%
Oper. Margin -17.77%
Profit Margin 0.00%
Shs Outstand 255.17M
Shs Float 218.73M
Insider Own 4.69%
Instit Own 11.79%
Short Float 6.31%
Short Ratio 4.92
Short Interest 13.93M
52W High 0.90
vs 52W High -68.34%
52W Low 0.27
vs 52W Low 4.82%
Beta 2.53
Impl. Vol. 25.00%
Rel Volume 2.28
Avg Volume 4.68M
Volume 10.66M
Target (mean) $1.50
Tgt Median $1.50
Tgt Low $1.50
Tgt High $1.50
# Analysts 2
Recom None
Prev Close $0.30
Price $0.28
Change -4.40%
About

Ocean Power Technologies, Inc., a maritime domain awareness company, provides maritime solutions in North America, South America, Europe, the Middle East, Africa, Australia, and Asia. Its maritime solutions include Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). The company also designs, manufactures, deploys, and operates PowerBuoy, a sensor and power solution; wave adaptive modular vessel (WAM-V), an autonomous unmanned surface vehicle; and Merrows, a user interface and command and control (C2) system for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets. It serves defense agencies, offshore energy operators, and other commercial interests through a combination of direct sales and leases, strategic partnerships, and long-term service agreements. The company was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$1.50
Mean price target
2. Current target
$0.28
Latest analyst target
3. DCF / Fair value
$-1.11
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.28
Low
$1.50
High
$1.50
Mean
$1.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-18 init HC Wainwright & Co. — → Buy $2
2025-09-24 init Ladenburg Thalmann — → Buy $2
2013-05-09 init Ascendiant Capital — → Strong Buy $5
News
RSS: Latest OPTT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-01-30 PAGLIARA TRACY D General Counsel — 201,442 $0.00 $0
2026-01-30 POWERS ROBERT PATRICK Chief Financial Officer — 281,965 $0.00 $0
2026-01-30 STRATMANN PHILIPP Chief Executive Officer — 592,913 $0.00 $0
2026-01-30 POWERS ROBERT PATRICK Chief Financial Officer — 54,032 $0.50 $27,000
2026-01-30 STRATMANN PHILIPP Chief Executive Officer — 100,198 $0.50 $50,069
2026-01-27 PAGLIARA TRACY D General Counsel — 414,578 $0.00 $0
2026-01-27 CRYAN TERENCE JAMES Director — 377,973 $0.00 $0
2026-01-27 POWERS ROBERT PATRICK Chief Financial Officer — 427,447 $0.00 $0
2026-01-27 HEWLETT CLYDE W Director — 151,189 $0.00 $0
2026-01-27 STRATMANN PHILIPP Chief Executive Officer — 805,944 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-04-30 2024-04-30 2023-04-30 2022-04-30
Total Revenue
5.86
+6.08%
5.53
+102.23%
2.73
+55.32%
1.76
Operating Revenue
5.86
+6.08%
5.53
+102.23%
2.73
+55.32%
1.76
Cost Of Revenue
4.20
+55.65%
2.70
+8.13%
2.50
+34.19%
1.86
Reconciled Cost Of Revenue
4.20
+55.65%
2.70
+8.13%
2.50
+34.19%
1.86
Gross Profit
1.66
-41.26%
2.83
+1097.46%
0.24
+333.66%
-0.10
Operating Expense
23.35
-27.56%
32.23
+13.72%
28.34
+31.74%
21.51
Other Operating Expenses
23.35
-27.56%
32.23
+13.72%
28.34
+31.74%
21.51
Total Expenses
27.55
-21.13%
34.93
+13.27%
30.84
+31.94%
23.37
Operating Income
-21.69
+26.25%
-29.40
-4.62%
-28.10
-30.03%
-21.61
Total Operating Income As Reported
-21.69
+26.06%
-29.33
-0.39%
-29.22
-35.55%
-21.55
EBITDA
-19.93
+29.43%
-28.24
-2.82%
-27.47
-30.19%
-21.10
Normalized EBITDA
-19.05
+32.23%
-28.11
-4.82%
-26.81
-22.49%
-21.89
Reconciled Depreciation
1.76
+51.25%
1.16
+82.26%
0.64
+23.69%
0.52
EBIT
-21.69
+26.25%
-29.40
-4.62%
-28.10
-30.03%
-21.61
Total Unusual Items
-0.88
-549.26%
-0.14
+79.17%
-0.65
-182.45%
0.79
Total Unusual Items Excluding Goodwill
-0.88
-549.26%
-0.14
+79.17%
-0.65
-182.45%
0.79
Special Income Charges
-0.84
-507.25%
-0.14
+78.90%
-0.65
-182.47%
0.79
Other Special Charges
0.84
—
-0.46
+48.54%
-0.89
Restructuring And Mergern Acquisition
0.00
+100.00%
-0.07
-106.47%
1.11
+1953.33%
-0.06
Net Income
-21.51
+21.73%
-27.48
-4.39%
-26.33
-39.48%
-18.87
Pretax Income
-22.55
+21.55%
-28.74
-8.02%
-26.60
-28.54%
-20.70
Net Non Operating Interest Income Expense
0.05
-94.13%
0.80
-11.31%
0.90
+627.42%
0.12
Net Interest Income
0.05
-94.13%
0.80
-11.31%
0.90
+627.42%
0.12
Interest Income Non Operating
0.05
-94.13%
0.80
-11.31%
0.90
+627.42%
0.12
Interest Income
0.05
-94.13%
0.80
-11.31%
0.90
+627.42%
0.12
Other Income Expense
-0.91
-576.12%
-0.13
-122.41%
0.60
-24.49%
0.79
Other Non Operating Income Expenses
-0.02
-1250.00%
0.00
-99.84%
1.25
+1985.00%
0.06
Gain On Sale Of Security
-0.04
-2350.00%
0.00
+100.00%
0.00
+200.00%
-0.00
Gain On Sale Of Business
—
—
0.00
+100.00%
-0.16
Tax Provision
-1.03
+17.54%
-1.25
-351.08%
-0.28
+84.75%
-1.82
Tax Rate For Calcs
0.00
+5.10%
0.00
+336.37%
0.00
-88.65%
0.00
Tax Effect Of Unusual Items
-0.04
-584.42%
-0.01
+9.12%
-0.01
-109.36%
0.07
Net Income Including Noncontrolling Interests
-21.51
+21.73%
-27.48
-4.39%
-26.33
-39.48%
-18.87
Net Income From Continuing Operation Net Minority Interest
-21.51
+21.73%
-27.48
-4.39%
-26.33
-39.48%
-18.87
Net Income From Continuing And Discontinued Operation
-21.51
+21.73%
-27.48
-4.39%
-26.33
-39.48%
-18.87
Net Income Continuous Operations
-21.51
+21.73%
-27.48
-4.39%
-26.33
-39.48%
-18.87
Normalized Income
-20.67
+24.44%
-27.35
-6.52%
-25.68
-31.04%
-19.60
Net Income Common Stockholders
-21.51
+21.73%
-27.48
-4.39%
-26.33
-39.48%
-18.87
Diluted EPS
-0.17
+63.83%
-0.47
+0.00%
-0.47
-34.29%
-0.35
Basic EPS
-0.17
+63.83%
-0.47
+0.00%
-0.47
-34.29%
-0.35
Basic Average Shares
126.91
+114.99%
59.03
+5.42%
56.00
+3.68%
54.01
Diluted Average Shares
126.91
+114.99%
59.03
+5.42%
56.00
+3.68%
54.01
Diluted NI Availto Com Stockholders
-21.51
+21.73%
-27.48
-4.39%
-26.33
-39.48%
-18.87
Gain On Sale Of PPE
0.00
+100.00%
-0.21
0.00
—
Line Item Trend 2025-04-30 2024-04-30 2023-04-30 2022-04-30
Total Assets
30.79
+7.28%
28.70
-46.22%
53.37
-27.28%
73.39
Current Assets
13.62
+29.15%
10.54
-72.01%
37.67
-36.47%
59.30
Cash Cash Equivalents And Short Term Investments
6.71
+113.11%
3.15
-90.91%
34.67
-39.46%
57.27
Cash And Cash Equivalents
6.71
+113.11%
3.15
-54.22%
6.88
-12.71%
7.88
Cash Equivalents
—
—
4.01
-33.95%
6.07
Cash Financial
—
—
2.87
+58.35%
1.81
Other Short Term Investments
—
0.00
-100.00%
27.79
-43.73%
49.38
Receivables
2.28
+179.98%
0.81
-9.25%
0.90
+3.34%
0.87
Accounts Receivable
1.19
+49.62%
0.80
+6.85%
0.74
+54.56%
0.48
Other Receivables
1.09
+5944.44%
0.02
-88.16%
0.15
-60.62%
0.39
Inventory
4.22
-12.61%
4.83
+362.74%
1.04
+136.20%
0.44
Raw Materials
3.59
-16.57%
4.30
+311.69%
1.04
+427.27%
0.20
Work In Process
0.64
+60.20%
0.40
0.00
-100.00%
0.24
Finished Goods
0.00
-100.00%
0.14
0.00
—
Prepaid Assets
0.40
-77.10%
1.75
+75.75%
0.99
+112.85%
0.47
Restricted Cash
—
0.00
-100.00%
0.07
-74.81%
0.26
Total Non Current Assets
17.18
-5.42%
18.16
+15.67%
15.70
+11.44%
14.09
Net PPE
5.00
-14.57%
5.85
+92.94%
3.03
+153.22%
1.20
Gross PPE
7.53
-3.68%
7.82
+69.95%
4.60
+65.42%
2.78
Accumulated Depreciation
-2.54
-28.59%
-1.97
-25.59%
-1.57
+0.88%
-1.58
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
1.04
-13.78%
1.21
+11.60%
1.09
+17.66%
0.92
Construction In Progress
—
—
0.00
-100.00%
0.01
Other Properties
5.80
-2.04%
5.93
+103.99%
2.90
+112.51%
1.37
Leases
0.68
+0.00%
0.68
+11.78%
0.61
+28.09%
0.48
Goodwill And Other Intangible Assets
12.03
-1.09%
12.16
-2.84%
12.52
-1.25%
12.67
Goodwill
8.54
+0.00%
8.54
+0.00%
8.54
+0.00%
8.54
Other Intangible Assets
3.49
-3.64%
3.62
-8.95%
3.98
-3.82%
4.14
Other Non Current Assets
0.15
+0.00%
0.15
-0.65%
0.15
-29.22%
0.22
Total Liabilities Net Minority Interest
4.14
-55.76%
9.36
-0.65%
9.42
+106.51%
4.56
Current Liabilities
3.29
-55.31%
7.36
-6.93%
7.91
+165.51%
2.98
Payables And Accrued Expenses
1.38
-72.47%
5.01
+75.86%
2.85
+139.90%
1.19
Payables
0.87
-80.69%
4.50
+83.36%
2.45
+170.94%
0.91
Accounts Payable
0.57
-83.13%
3.37
+253.57%
0.95
+5.19%
0.91
Other Payable
0.30
-73.45%
1.13
-24.67%
1.50
—
Current Accrued Expenses
0.51
-0.78%
0.52
+29.65%
0.40
+40.64%
0.28
Pensionand Other Post Retirement Benefit Plans Current
0.76
-40.28%
1.27
-34.75%
1.95
+632.33%
0.27
Current Debt And Capital Lease Obligation
1.15
+48.58%
0.77
+46.31%
0.53
+65.83%
0.32
Current Capital Lease Obligation
1.15
+48.58%
0.77
+46.31%
0.53
+65.83%
0.32
Current Deferred Liabilities
0.00
-100.00%
0.30
-78.08%
1.38
+968.22%
0.13
Current Deferred Revenue
0.00
-100.00%
0.30
-78.08%
1.38
+968.22%
0.13
Other Current Liabilities
—
—
1.20
+60.70%
0.75
Total Non Current Liabilities Net Minority Interest
0.85
-57.42%
2.00
+32.17%
1.51
-4.42%
1.58
Long Term Debt And Capital Lease Obligation
0.65
-63.90%
1.80
+37.15%
1.31
+143.68%
0.54
Long Term Capital Lease Obligation
0.65
-63.90%
1.80
+37.15%
1.31
+143.68%
0.54
Non Current Deferred Liabilities
0.20
+0.00%
0.20
+0.00%
0.20
+0.00%
0.20
Non Current Deferred Taxes Liabilities
0.20
+0.00%
0.20
+0.00%
0.20
+0.00%
0.20
Other Non Current Liabilities
—
—
—
0.84
Stockholders Equity
26.65
+37.78%
19.34
-55.99%
43.95
-36.14%
68.83
Common Stock Equity
26.65
+37.78%
19.34
-55.99%
43.95
-36.14%
68.83
Capital Stock
0.17
+181.97%
0.06
+8.93%
0.06
+0.00%
0.06
Common Stock
0.17
+181.97%
0.06
+8.93%
0.06
+0.00%
0.06
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
172.05
+180.43%
61.35
+8.97%
56.30
+0.71%
55.91
Ordinary Shares Number
172.75
+181.97%
61.26
+8.89%
56.26
+0.68%
55.88
Treasury Shares Number
0.79
+794.69%
0.09
+115.13%
0.04
+75.21%
0.02
Additional Paid In Capital
356.59
+8.96%
327.28
+0.89%
324.39
+0.45%
322.93
Retained Earnings
-329.09
-6.99%
-307.58
-9.81%
-280.10
-10.37%
-253.77
Gains Losses Not Affecting Retained Earnings
0.00
+100.00%
-0.04
+0.00%
-0.04
+2.17%
-0.05
Treasury Stock
1.02
+175.88%
0.37
+3.94%
0.35
+4.11%
0.34
Other Equity Adjustments
—
-0.04
+0.00%
-0.04
+2.17%
-0.05
Total Equity Gross Minority Interest
26.65
+37.78%
19.34
-55.99%
43.95
-36.14%
68.83
Total Capitalization
26.65
+37.78%
19.34
-55.99%
43.95
-36.14%
68.83
Working Capital
10.33
+224.34%
3.18
-89.30%
29.77
-47.15%
56.33
Invested Capital
26.65
+37.78%
19.34
-55.99%
43.95
-36.14%
68.83
Total Debt
1.80
-30.05%
2.57
+39.78%
1.84
+114.70%
0.86
Capital Lease Obligations
1.80
-30.05%
2.57
+39.78%
1.84
+114.70%
0.86
Net Tangible Assets
14.62
+103.55%
7.18
-77.15%
31.44
-44.02%
56.16
Tangible Book Value
14.62
+103.55%
7.18
-77.15%
31.44
-44.02%
56.16
Current Provisions
—
—
—
0.33
Line Item Trend 2025-04-30 2024-04-30 2023-04-30 2022-04-30
Operating Cash Flow
-18.63
+37.39%
-29.76
-37.11%
-21.71
-1.93%
-21.30
Cash Flow From Continuing Operating Activities
-18.63
+37.39%
-29.76
-37.11%
-21.71
-1.93%
-21.30
Net Income From Continuing Operations
-21.51
+21.73%
-27.48
-4.39%
-26.33
-39.48%
-18.87
Depreciation Amortization Depletion
1.76
+51.25%
1.16
+82.26%
0.64
+23.69%
0.52
Depreciation
1.62
+60.32%
1.01
+111.48%
0.48
+11.66%
0.43
Amortization Cash Flow
0.13
-10.81%
0.15
-6.33%
0.16
+83.72%
0.09
Depreciation And Amortization
1.76
+51.25%
1.16
+82.26%
0.64
+23.69%
0.52
Amortization Of Intangibles
0.13
-10.81%
0.15
-6.33%
0.16
+83.72%
0.09
Other Non Cash Items
—
-0.07
-106.47%
1.11
+1953.33%
-0.06
Stock Based Compensation
4.60
+298.53%
1.16
-20.94%
1.46
+24.98%
1.17
Deferred Tax
—
—
0.00
+100.00%
-0.38
Deferred Income Tax
—
—
0.00
+100.00%
-0.38
Operating Gains Losses
0.99
+377.88%
0.21
+20900.00%
-0.00
+99.86%
-0.73
Net Foreign Currency Exchange Gain Loss
0.04
+2350.00%
-0.00
-100.00%
-0.00
-200.00%
0.00
Gain Loss On Sale Of PPE
0.11
0.00
—
0.00
Change In Working Capital
-4.48
-0.77%
-4.44
-442.48%
1.30
+143.31%
-3.00
Change In Receivables
-1.47
-1865.06%
0.08
+396.43%
-0.03
+91.46%
-0.33
Changes In Account Receivables
-0.40
-674.51%
-0.05
+80.53%
-0.26
-96.99%
-0.13
Change In Inventory
0.23
+106.07%
-3.79
-529.07%
-0.60
-106.16%
-0.29
Change In Payables And Accrued Expense
-3.51
-318.88%
1.60
+5.87%
1.52
+175.39%
-2.01
Change In Accrued Expense
-0.52
-66.67%
-0.31
-121.03%
1.47
+246.31%
-1.00
Change In Payable
-3.00
-256.64%
1.91
+3972.34%
0.05
+104.67%
-1.01
Change In Account Payable
-2.80
-215.91%
2.41
+5036.17%
0.05
-78.34%
0.22
Change In Other Working Capital
-0.30
+71.93%
-1.08
-186.15%
1.25
+1787.84%
-0.07
Change In Other Current Assets
1.35
+278.88%
-0.75
-42.88%
-0.53
-2873.68%
0.02
Change In Other Current Liabilities
-0.77
-50.39%
-0.51
-65.27%
-0.31
-0.65%
-0.31
Investing Cash Flow
-0.51
-101.98%
25.50
+24.60%
20.46
+137.87%
-54.03
Cash Flow From Continuing Investing Activities
-0.51
-101.98%
25.50
+24.60%
20.46
+137.87%
-54.03
Net PPE Purchase And Sale
-0.51
+80.46%
-2.58
-153.68%
-1.02
-602.76%
-0.14
Purchase Of PPE
-0.51
+80.46%
-2.58
-153.68%
-1.02
-602.76%
-0.14
Capital Expenditure
-0.51
+80.46%
-2.58
-153.68%
-1.02
-602.76%
-0.14
Net Investment Purchase And Sale
0.00
-100.00%
28.08
+30.72%
21.48
+143.45%
-49.44
Purchase Of Investment
0.00
+100.00%
-7.89
+81.83%
-43.44
+12.14%
-49.44
Sale Of Investment
0.00
-100.00%
35.98
-44.59%
64.92
0.00
Net Business Purchase And Sale
—
—
0.00
+100.00%
-4.44
Purchase Of Business
—
—
0.00
+100.00%
-4.44
Gain Loss On Sale Of Business
—
—
0.00
-100.00%
0.16
Financing Cash Flow
22.70
+4740.72%
0.47
+3450.00%
-0.01
-116.09%
0.09
Cash Flow From Continuing Financing Activities
22.70
+4740.72%
0.47
+3450.00%
-0.01
-116.09%
0.09
Net Issuance Payments Of Debt
3.17
0.00
—
0.00
Issuance Of Debt
3.17
0.00
—
0.00
Repayment Of Debt
—
—
—
0.00
Long Term Debt Issuance
3.17
0.00
—
0.00
Long Term Debt Payments
—
—
—
0.00
Net Long Term Debt Issuance
3.17
0.00
—
0.00
Short Term Debt Issuance
—
—
—
0.00
Net Short Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
20.18
+4077.85%
0.48
0.00
+100.00%
-0.00
Common Stock Payments
—
—
—
-0.00
Repurchase Of Capital Stock
—
—
—
-0.00
Proceeds From Stock Option Exercised
—
—
0.00
-100.00%
0.09
Net Other Financing Charges
-0.65
-4535.71%
-0.01
+0.00%
-0.01
-366.67%
-0.00
Changes In Cash
3.56
+193.84%
-3.80
-201.67%
-1.26
+98.33%
-75.24
Effect Of Exchange Rate Changes
0.00
0.00
0.00
+100.00%
-0.03
Beginning Cash Position
3.31
-53.47%
7.10
-15.06%
8.36
-90.00%
83.63
End Cash Position
6.87
+107.84%
3.31
-53.47%
7.10
-15.06%
8.36
Free Cash Flow
-19.14
+40.83%
-32.35
-42.34%
-22.73
-5.99%
-21.44
Amortization Of Securities
0.00
+100.00%
-0.29
-356.64%
0.11
+94.83%
0.06
Common Stock Issuance
20.18
+4077.85%
0.48
0.00
0.00
Issuance Of Capital Stock
20.18
+4077.85%
0.48
0.00
0.00
Sale Of Business
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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