Ocean Power Technologies, Inc. financial data

Symbol
OPTT on NYSE
Industry
Electric Services
Location
28 Engelhard Drive, Suite B, Monroe Township, New Jersey
State of incorporation
New Jersey
Fiscal year end
April 30
Latest financial report
Q4 2023 - Mar 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 398 % -70.7%
Quick Ratio 32.1 % +41.4%
Debt-to-equity 24.3 % +179%
Return On Assets -70 % -111%
Operating Margin -658 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 59.5 M shares +5.78%
Common Stock, Shares, Outstanding 59.5 M shares +5.78%
Common Stock, Value, Issued 59 K USD +5.36%
Weighted Average Number of Shares Outstanding, Basic 58.9 M shares +5.18%
Weighted Average Number of Shares Outstanding, Diluted 58.9 M shares +5.18%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 4.93 M USD +144%
Revenue from Contract with Customer, Excluding Assessed Tax 2.26 M USD +57%
Cost of Revenue 3.1 M USD +61.4%
Research and Development Expense 1.5 M USD -25%
Operating Income (Loss) -32.5 M USD -28.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -31.6 M USD -37.2%
Income Tax Expense (Benefit) -1.25 M USD -351%
Net Income (Loss) Attributable to Parent -30.3 M USD -38.1%
Earnings Per Share, Basic -0.52 USD/shares -33.3%
Earnings Per Share, Diluted -0.52 USD/shares 0%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 4.72 M USD -56.8%
Marketable Securities, Current 35.9 M USD
Accounts Receivable, after Allowance for Credit Loss, Current 625 K USD -11.5%
Inventory, Net 3.46 M USD +141%
Other Assets, Current 3.93 M USD +96.6%
Assets, Current 17.5 M USD -61.2%
Property, Plant and Equipment, Net 2.22 M USD +275%
Operating Lease, Right-of-Use Asset 2.61 M USD +400%
Intangible Assets, Net (Excluding Goodwill) 3.66 M USD -8.99%
Goodwill 8.54 M USD 0%
Assets 34.6 M USD -41.5%
Accounts Payable, Current 1.47 M USD +148%
Accrued Liabilities, Current 2.99 M USD +83.9%
Contract with Customer, Liability, Current 868 K USD -34.9%
Liabilities, Current 7.04 M USD +48.2%
Deferred Income Tax Liabilities, Net 203 K USD 0%
Operating Lease, Liability, Noncurrent 2.07 M USD +632%
Liabilities 9.3 M USD +52.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax -45 K USD +2.17%
Retained Earnings (Accumulated Deficit) -301 M USD -11.2%
Stockholders' Equity Attributable to Parent 25.3 M USD -52.3%
Liabilities and Equity 34.6 M USD -41.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -7.99 M USD -56.9%
Net Cash Provided by (Used in) Financing Activities -2 K USD
Net Cash Provided by (Used in) Investing Activities 4.97 M USD -22.1%
Common Stock, Shares Authorized 100 M shares 0%
Common Stock, Shares, Issued 59.6 M shares +5.86%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.26 M USD +98.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 4.87 M USD -56.2%
Deferred Tax Assets, Valuation Allowance 54.6 M USD +14.8%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 55.7 M USD +15.1%
Operating Lease, Liability 2.69 M USD +347%
Depreciation 312 K USD +185%
Payments to Acquire Property, Plant, and Equipment 133 K USD +138%
Lessee, Operating Lease, Liability, to be Paid 4.12 M USD +499%
Property, Plant and Equipment, Gross 4.06 M USD +92.8%
Operating Lease, Liability, Current 625 K USD +95.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.85 M USD +904%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.41 M USD +254%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.43 M USD +1564%
Lessee, Operating Lease, Liability, to be Paid, Year Three 329 K USD
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5 M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 333 K USD
Operating Lease, Payments 638 K USD +58.3%
Additional Paid in Capital 326 M USD +0.81%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 152 K USD -19.1%
Depreciation, Depletion and Amortization 71 K USD +65.1%
Deferred Tax Assets, Net of Valuation Allowance 1.04 M USD +30.6%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%