earnings
confidence high
sentiment neutral
materiality 0.80
OPT Q2 revenue $2.4M (up 172% YoY); net loss narrows to $3.9M; $54M convertible note facility
Ocean Power Technologies, Inc.
2025-Q2 EPS reported
-$0.09
revenue$3,719,000
- Revenue $2.4M for Q2FY25, 2.7x increase YoY; net loss $3.9M vs $7.2M prior year, down 46%.
- Operating expenses fell 41% to $4.7M; cash used in ops $4.8M, down 37% YoY.
- Reaffirmed profitability target in Q4 calendar 2025; trailing 12-month revenue $7.1M, up 83%.
- Entered $54M convertible note facility; initial $4M note at 12.5% interest, 18-mo maturity, 9.5% OID.
- Partnerships: $3M purchase orders in LatAm; expanded Middle East; completed Project Overmatch exercises.