Ocean Power Technologies, Inc. (OPTT)

0.17 0 (-1.66%)

As of 2026-08-31 09:50:10 EST

Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept has been problematic.

Traded asNYSE: OPTT
ISINUS6748705067
CIK0001378140
LEI529900PIW1SG4NP5E125
EIN222535818
SectorRenewable Energy
IndustryElectric Services
CEOGeorge H. Kirby
Employees—
Fiscal Year End0430
Address28 ENGELHARD DRIVE, MONROE TOWNSHIP, NJ, 08831
Phone609-730-0400
Websitehttps://oceanpowertechnologies.com/new-homepage-alt/
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
OPTTOcean Power Technologies, Inc.2026-08-31 09:50:100.170-1.66
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
OPTT0001378140Ocean Power Technologies, Inc.US6748705067529900PIW1SG4NP5E125222535818NYSE4911Electric Services0430NJ28 ENGELHARD DRIVEMONROE TOWNSHIPNJ08831UNITED STATESUS609-730-040028 ENGELHARD DRIVE, MONROE TOWNSHIP, NJ, 0883128 ENGELHARD DRIVE, MONROE TOWNSHIP, NJ, 08831—Renewable Energy1984George H. Kirby—https://oceanpowertechnologies.com/new-homepage-alt/18,700,000231,145,998270,138,823Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept has been problematic.2026-08-27 22:31:53
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OPTT Stock Price (End-of-Day)
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OPTT Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
202618,700,00000270,138,82392,596,04852.1542
202518,700,0001,100,0006.25177,542,77581,968,98685.7651
202417,600,000-23,200,000-56.862795,573,78936,786,21162.5748
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Matthew BurdynyChief Commercial Officer2025251,58702,464,296—15,0582,730,941
Tracy PagliaraSenior Vice President, Corporate Secretary, General Counsel202586,53933,7502,611,106—02,731,395
Philipp StratmannChief Executive Officer, President2025374,291125,7535,437,530—16,8315,954,405
Robert PowersSenior Vice President, Chief Financial Officer2025306,55167,8132,409,089—18,1532,801,606
Joseph DipietroTreasurer, Controller2025000—00
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Employee Count
Fiscal YearEmployee Count
202665
202553
202443
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Income Statements
Fiscal Year202620252024
Revenue3,737,0005,861,0005,525,000
Cost Of Revenue9,658,0004,201,0002,699,000
Gross Profit-5,921,0001,660,0002,826,000
Research And Development Expenses—3,600,0007,700,000
General And Administrative Expenses3,568,000——
Operating Expenses32,442,00023,346,00032,157,000
Operating Income-38,363,000-21,686,000-29,331,000
Net Income-48,915,000-21,511,000-27,483,000
Earnings Per Share Basic-0.25-0.17-0.47
Earnings Per Share Diluted-0.25-0.17-0.47
Weighted Average Shares Outstanding Basic194,349,416126,913,99859,031,736
Weighted Average Shares Outstanding Diluted194,349,416126,913,99859,031,736
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Balance Sheet Statements
Fiscal Year202620252024
Cash And Cash Equivalents8,719,0006,715,0003,151,000
Marketable Securities Current———
Accounts Receivable587,0001,191,000796,000
Inventories3,190,0004,222,0004,831,000
Non Trade Receivables———
Other Assets Current2,648,000400,0001,747,000
Total Assets Current15,888,00013,616,00010,543,000
Marketable Securities Non Current———
Property Plant And Equipment10,255,0003,444,0003,443,000
Other Assets Non Current———
Total Assets Non Current24,035,00017,177,00018,161,000
Total Assets39,923,00030,793,00028,704,000
Accounts Payable4,366,000568,0003,366,000
Deferred Revenue6,029,000—302,000
Short Term Debt6,223,000——
Other Liabilities Current4,232,0001,271,0001,787,000
Total Liabilities Current26,407,0003,289,0007,359,000
Long Term Debt12,012,000——
Other Liabilities Non Current———
Total Liabilities Non Current1,040,000852,0002,001,000
Total Liabilities27,447,0004,141,0009,360,000
Common Stock231,000172,00061,000
Retained Earnings-380,961,000-329,090,000-307,579,000
Accumulated Other Comprehensive Income——-45,000
Total Shareholders Equity12,476,00026,652,00019,344,000
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Cash Flow Statements
Fiscal Year202620252024
Depreciation And Amortization1,028,000771,000420,000
Share Based Compensation Expense9,488,0004,603,0001,155,000
Other Non Cash Income Expense———
Change In Accounts Receivable328,000395,00051,000
Change In Inventories4,249,000-230,0003,787,000
Change In Non Trade Receivables———
Change In Other Assets2,323,000-1,347,000753,000
Change In Accounts Payable3,799,000-2,798,0002,414,000
Change In Other Liabilities-150,000-200,000-500,000
Cash From Operating Activities-20,775,000-18,634,000-29,763,000
Purchases Of Marketable Securities——7,894,000
Sales Of Marketable Securities——35,975,000
Acquisition Of Property Plant And Equipment4,008,000505,0002,585,000
Acquisition Of Business———
Other Investing Activities———
Cash From Investing Activities-4,008,000-505,00025,496,000
Tax Withholding For Share Based Compensation807,000649,000—
Payments Of Dividends———
Issuance Of Common Stock7,592,00017,729,0001,250,000
Repurchase Of Common Stock——14,000
Issuance Of Long Term Debt———
Repayment Of Long Term Debt———
Other Financing Activities———
Cash From Financing Activities26,787,00022,703,000469,000
Change In Cash2,004,0003,564,000-3,798,000
Cash At End Of Period8,719,0006,715,0003,151,000
Income Taxes Paid———
Interest Paid———
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Key Metrics
Fiscal Year202620252024
Earnings Per Share-0.25-0.17-0.47
Price To Earnings Ratio-1.4452-2.3976-0.4106
Earnings Growth Rate47.0588-63.82980
Price Earnings To Growth Ratio-0.03070.0376—
Book Value Per Share0.06420.210.3277
Price To Book Ratio5.62831.94090.589
Ebitda-47,763,000-20,693,000-26,263,000
Enterprise Value79,734,444.0008——
Dividend Yield———
Dividend Payout Ratio———
Debt To Equity Ratio1.4616——
Capital Expenditures7,839,000772,0002,583,000
Free Cash Flow-28,614,000-19,406,000-32,346,000
Return On Equity-3.9207-0.8071-1.4208
One Year Beta3.16031.3130.999
Three Year Beta1.65621.20941.0916
Five Year Beta1.37381.2890.9259
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
Powers Robert PatrickSenior VP and CFO2026-03-05437,550D1,037,129
PAGLIARA TRACY DSenior VP and General Counsel2026-03-05322,897D858,353
Stratmann PhilippDirector, President and CEO2026-03-05901,096D1,932,356
PAGLIARA TRACY DSenior VP and General Counsel2026-01-30201,442A1,181,250
PAGLIARA TRACY DSenior VP and General Counsel2026-01-30201,442A201,442
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
Western Wealth Management, LLC2026-06-305,24020,0000.262
Polar Asset Management Partners Inc.2026-06-30797,3253,043,2270.262
JANE STREET GROUP, LLC2026-06-3015,85960,5310.262
JANE STREET GROUP, LLC2026-06-3011,86945,3000.262
JANE STREET GROUP, LLC2026-06-3028,584109,1000.262
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
VANGUARD VALLEY FORGE FUNDS2026-06-30INSTITUTIONAL SHARESVBAIX130,66234,233.440.0001
VANGUARD VALLEY FORGE FUNDS2026-06-30ADMIRAL SHARESVBIAX130,66234,233.440.0001
VANGUARD VALLEY FORGE FUNDS2026-06-30INVESTOR SHARESVBINX130,66234,233.440.0001
VANGUARD INDEX FUNDS2026-06-30Institutional Select SharesVSTSX6,132,2081,606,638.50.0001
VANGUARD INDEX FUNDS2026-06-30Institutional Plus SharesVSMPX6,132,2081,606,638.50.0001
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