Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last $2.85 USD
Change Today -0.11 / -3.72%
Volume 4.4K
OPTT On Other Exchanges
As of 5:10 PM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

ocean power technologies inc (OPTT) Key Developments

Ocean Power Technologies, Inc. Announces Initiation of Accelerated Life Testing of Autonomous PowerBuoy PTOs, Retrieval and Repair of APB350 (A1) PowerBuoy

Ocean Power Technologies, Inc. announced that it has begun Accelerated Life Testing on its redesigned APB350 power takeoff (PTO) system as part of its effort to demonstrate product reliability and durability, and to accelerate toward product commercialization. The OPT ALT process consists of operating PTOs in tandem with accelerated operating profiles, which subjects the PTOs to various load conditions encountered in extreme sea states. The test simulates an equivalent three-year ocean deployment within a period of six to nine months, with PTOs that are identical to those of the Company's APB350 (A1). The company also announced that it retrieved its APB350 (A1) PowerBuoy for a necessary repair. The PowerBuoy had been deployed off the coast of New Jersey since late August, and it is now ready for redeployment at the earliest available weather window.

Ocean Power Technologies Seeks Partnership

Ocean Power Technologies, Inc. (NasdaqCM:OPTT) is looking for partnership. The company stated, “We are continuing to discuss new opportunities for joint development and projects with potential partners as part of our commercialization efforts. We are encouraged by the opportunities in front of us, and we look forward to achieving further progress in the near future.”

Ocean Power Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended July 31, 2015

Ocean Power Technologies announced unaudited consolidated earnings results for the first quarter ended July 31, 2015. For the quarter, the company announced revenues of $105,666 compared to $1,540,528 a year ago. The decrease in revenues compared with the prior year period was primarily related to the completion of company's WavePort contract with the European Union and decreased billable costs on company's project with Mitsui Engineering & Shipbuilding or MES. Operating loss was $4,389,733 compared to $3,469,553 a year ago. Net loss was $4,114,644 compared to $3,348,831 a year ago. Net loss attributable to the company was $4,162,041 compared to $3,282,752 a year ago. Basic and diluted net loss per share was $0.24 compared to $0.19 a year ago. Net cash used in operating activities was $3,118,368 compared to $3,167,540 a year ago. Purchases of equipment were $9,223 compared to $1,041 a year ago. The increase in net loss is primarily due to higher product development costs associated with the deployment of company's legacy PB40 device and due to the redesigned APB-350.

Ocean Power Technologies, Inc., Q1 2016 Earnings Call, Sep 08, 2015

Ocean Power Technologies, Inc., Q1 2016 Earnings Call, Sep 08, 2015

Ocean Power Technologies, Inc. Proposes Amendment to Certificate of Incorporation

Ocean Power Technologies, Inc. proposed to approve an amendment to Certificate of Incorporation to effect a reverse stock split of common stock at a ratio determined by Board of Directors within a specified range, and a reduction in the authorized number of shares of common stock, to be effected in the sole discretion of the Board of Directors at any time within one year of the date of the Annual Meeting without further approval or authorization of stockholders, at its annual meeting of stockholders to be held on October 22, 2015.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
OPTT:US $2.85 USD -0.11

OPTT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for OPTT.
View Industry Companies

Industry Analysis


Industry Average

Valuation OPTT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact OCEAN POWER TECHNOLOGIES INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at