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Last €0.52 EUR
Change Today -0.027 / -4.95%
Volume 0.0
RUOA On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 11:42 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

ocean power technologies inc (RUOA) Snapshot

Open
€0.53
Previous Close
€0.55
Day High
€0.54
Day Low
€0.50
52 Week High
04/28/14 - €2.05
52 Week Low
02/3/15 - €0.31
Market Cap
9.5M
Average Volume 10 Days
44.0
EPS TTM
--
Shares Outstanding
18.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OCEAN POWER TECHNOLOGIES INC (RUOA)

ocean power technologies inc (RUOA) Related Businessweek News

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ocean power technologies inc (RUOA) Details

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia. It offers utility scale PowerBuoy system to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations. The company sells its products to public utilities, independent power producers, and other governmental entities and agencies, as well as public and private entities that use electricity in and near the ocean. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Pennington, New Jersey.

29 Employees
Last Reported Date: 07/29/14
Founded in 1984

ocean power technologies inc (RUOA) Top Compensated Officers

Chief Financial Officer, Treasurer and Secret...
Total Annual Compensation: $123.5K
Chief Operating Officer
Total Annual Compensation: $105.8K
Compensation as of Fiscal Year 2014.

ocean power technologies inc (RUOA) Key Developments

Ocean Power Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended January 31, 2015

Ocean Power Technologies, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2015. For the quarter, the company reported revenues of $328,511 against $199,622 a year ago. Operating loss was $3,089,925 against $2,551,097 a year ago. Loss before income taxes was $3,329,134 against $2,524,313 a year ago. Net loss was $2,191,262 against $778,418 a year ago. Net loss attributable to the company was $2,185,971 or $0.12 per share basic and diluted against $739,790 or $0.06 per share basic and diluted a year ago. The increase in revenue is primarily related to increased billable work under the current phase of project with Mitsui Engineering & Shipbuilding. The increase in the company's net loss year-over-year primarily reflects increased product development costs associated with PB40 PowerBuoy project that it intends to deploy off the coast of New Jersey and increased costs associated with the next design iteration of the prototype APB-350. In addition, costs increased related to higher consulting fees and patent amortization costs related to shortening the estimated useful lives for recording amortization expense. These increases were partially offset by decreased site development expenses related to terminated project in Australia. The increase in net loss was also a result of a decrease in income tax benefits and losses on foreign exchange. For the nine months, the company reported revenues of $3,616,827 against $1,124,157 a year ago. Operating loss was $10,743,131 against $9,786,959 a year ago. Loss before income taxes was $11,074,443 against $9,627,811 a year ago. Net loss was $9,936,571 against $7,881,916 a year ago. Net loss attributable to the company was $9,838,417 or $0.56 per share basic and diluted against $7,760,317 or $0.71 per share basic and diluted a year ago. Net cash used in operating activities was $14,751,624 against $8,052,017 a year ago. Purchases of equipment were $54,466 against $21,191 a year ago. The increase in revenue is primarily related to increased billable work for the removal of the anchoring and mooring equipment from the seabed off the coast of Oregon, increased billable work under the current phase of project with MES and the completion of WavePort contract with the European Union. These increases were partially offset by decreased revenue on other billable development projects.

Ocean Power Technologies, Inc. to Report Q3, 2015 Results on Mar 11, 2015

Ocean Power Technologies, Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Mar 11, 2015

Ocean Power Technologies, Inc., Q3 2015 Earnings Call, Mar 11, 2015

Ocean Power Technologies, Inc., Q3 2015 Earnings Call, Mar 11, 2015

 

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