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Ocean Power Technologies(NYSEMKT) OPTT

Market Cap$46.19MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2006)-100%
5 Year-92%
1 Year-67%
1 Month-4%
$0.17
+1.29%
+0.00Today
Ocean Power Technologies last closing stock price
MetricPriceDate
Last closeUSD 0.172026-08-31
Ocean Power Technologies stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-4.57%USD 0.182026-08-24
1 month-4.31%USD 0.182026-07-31
3 month-58.7%USD 0.422026-06-02
Year to date-42.27%USD 0.302025-12-31
1 year-66.63%USD 0.522025-08-29
3 year-61.51%USD 0.452023-09-01
5 year-92.16%USD 2.212021-09-01
Since inception-100%USD 3,600.002006-05-19

Ocean Power Technologies Financials at a Glance

Market Cap

$46.19MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$3.74M

Net Income (TTM)

-$48.92M

EPS (TTM)

-$0.24

P/E Ratio

-0.70

Dividend

$0.00

Beta (Volatility)

1.50 (High)

Price

$0.17

Volume

2,691,683.91

Open

$0.17

Previous Close

$0.17

Daily Range

$0.16 - $0.17

52-Week Range

$0.13 - $0.72

Estimated Earnings Date

Sep 21, 2026

OPTT News

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About Ocean Power Technologies

Ocean Power Technologies creates systems that generate electricity from ocean waves. Its products help offshore industries power equipment and collect data in remote locations. These solutions support sectors like defense, energy, and marine research by providing reliable, grid-independent power and communications.

Products and Services

  • WAM-V: Uncrewed surface vessels for offshore monitoring and data collection, used by defense and research clients.
  • Buoy Systems (9.8% revenue): Wave-powered devices that generate electricity for offshore equipment, serving oil, gas, and scientific sectors.
  • Services (24.9% revenue): Marine installation, integration, and consulting for offshore power and data needs.
  • Subsea Battery Systems: Energy storage for underwater operations, supporting long-term remote deployments.
  • Software and Data Solutions: Real-time analytics, communications, and control systems for maritime operations.

Growth and Expansion

  • Expanded manufacturing and robotics development in Richmond, California in 2026.
  • Extended headquarters lease in Monroe, New Jersey in August 2025.
  • Entered European and Asia-Pacific markets before 2026, now serving clients globally.
  • Issued $6.5 million in convertible notes to institutional investors in October 2025.
  • Increased contract backlog to $19.9 million by January 2026, up from $7.5 million a year earlier.

What Makes Ocean Power Technologies Stand Out

The company integrates power, data, and communications in one offshore platform. Its recurring revenue model focuses on long-term service contracts. Patented technology and a capital-light approach support global operations and scalability.

Five Things You Need to Know

  • Revenue was $424,000 in Q2 2026, down 82.5% from Q2 2025.
  • Backlog reached $19.9 million in January 2026, up 165% year-over-year.
  • Net loss was $11 million in Q2 2026, down 176.6% from Q2 2025.
  • Five customers accounted for 81% of revenue in the nine months to January 2026.

Bottom Line

Ocean Power Technologies has shifted toward service-based, recurring revenue and global expansion. The company faces financial challenges but continues to adapt its business model and product offerings.

AI Generated • Apr 16, 2026

Industry

Electrical Equipment

Employees

65

CEO

J. Philipp Stratmann, PhD

Headquarters

Monroe Township, NJ 08831, US

OPTT Financials

Key Financial Metrics (TTM)

Gross Margin

-158.44%

Operating Margin

-1026.60%

Net Income Margin

-1308.96%

Return on Equity

-253.21%

Return on Capital

-181.35%

Return on Assets

-118.51%

Earnings Yield

-1.43%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$46.19MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

270.14M

Volume

2.69M

Avg. Volume

5.29M

Financials (TTM)

Gross Profit

-$5.92M

Operating Income

-$38.36M

EBITDA

-$36.39M

Operating Cash Flow

-$28.47M

Capital Expenditure

-$5.73M

Free Cash Flow

-$34.20M

Cash & ST Invst.

$8.72M

Total Debt

$11.26M

Ocean Power Technologies Performance Analysis

Ocean Power Technologies annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-04-30USD 2,732,00055.3%
20242024-04-30USD 5,525,000102.2%
20252025-04-30USD 5,861,0006.1%
20262026-04-30USD 3,737,000-36.2%
Ocean Power Technologies sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-07-31-10.3%
Q22025-10-31-64.1%
Q32026-01-3121.0%
Q42026-04-30215.4%
Ocean Power Technologies annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-04-30USD -0.4734.5%
20242024-04-30USD -0.47-1.0%
20252025-04-30USD -0.19-58.6%
20262026-04-30USD -0.2530.5%
Ocean Power Technologies sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-07-31-17.3%
Q22025-10-31-47.5%
Q32026-01-311.5%
Q42026-04-30-45.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2026YOY CHG

Revenue

$1.62M

+22.9%

Gross Profit

-$3.76M

-1802.7%

Gross Margin

-2.33%

N/A

Market Cap

$46.19MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$710.67K

N/A

Employees

65

N/A

Net Income

-$19.34M

-201.0%

EBITDA

-$11.48M

-58.0%

Quarterly Fundamentals

Name
Q4 2026YOY CHG

Total Cash

$8.72M

+29.8%

Total Debt

$11.26M

+525.7%

Accounts Receivable

$587.00K

-74.2%

Inventory

$3.88M

-8.0%

Long Term Debt

$837.00K

+29.0%

Short Term Debt

$10.42M

+806.0%

Return on Assets

-1.19%

N/A

Return on Invested Capital

-2.78%

N/A

Free Cash Flow

-$12.52M

-200.9%

Operating Cash Flow

-$8.55M

-113.4%

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Questions About OPTT

What is the current price of Ocean Power Technologies?

Ocean Power Technologies is trading at $0.17 per share.

What is the 52-week range for Ocean Power Technologies?

Over the past 52 weeks, Ocean Power Technologies has traded between $0.13 and $0.72.

How much debt does Ocean Power Technologies have?

As of the most recent reporting period, Ocean Power Technologies reported total debt of $12.47M.

How much cash does Ocean Power Technologies have on hand?

Ocean Power Technologies reported $8.87M in cash and cash equivalents in its most recent financial results.

What is Ocean Power Technologies’s dividend yield?

Ocean Power Technologies does not currently have a dividend yield.

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