8-K
filed March 14, 2023, 7:59 PM ET
ticker OPTT
CIK 0001378140
earnings
confidence high
sentiment neutral
materiality 0.60
Ocean Power Tech Q3 revenue up 51.7% to $0.7M; net loss widens to $6.1M
Ocean Power Technologies, Inc.
2024-Q3 EPS reported
-$0.30
revenue$1,752,000
- Revenue of $0.7M, up 51.7% YoY; nine-month revenue $1.8M, up 74.7%.
- Gross profit turned positive at $0.1M vs loss of $(0.1)M in Q322; gross margin 18.5%.
- Net loss $6.1M vs $5.5M loss in prior year; nine-month loss $16.8M vs $13.8M.
- Total orders Q3 $0.8M; nine-month orders $3.8M, up 111% YoY.
- Cash $41.1M at Jan 31, 2023; operating cash burn $16.1M YTD.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Ocean Power Technologies, Inc. reported nine months ended January 31, 2023 results: revenue $1.8 million, net income $16.8 million.
- Period
- nine months ended January 31, 2023
- Revenue
- $1.8 million
- Net income
- $16.8 million
- Result
- reported results
Exact text from the filing
Revenues of $1.8 million for the nine months ended Q323, increased 74.7%, over revenues of $1.0 million for the same timeframe in the prior year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Ocean Power Technologies, Inc. reported fiscal third quarter ended January 31, 2023 results: revenue $0.7 million, net income $6.1 million.
- Period
- fiscal third quarter ended January 31, 2023
- Revenue
- $0.7 million
- Net income
- $6.1 million
- Result
- reported results
Exact text from the filing
Revenues for the Q323 were $0.7 million, reflecting a growth of 51.7% over Q322 revenues.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.