Symbols / OPTT $0.40 -3.39%
OPTT Chart
About
Ocean Power Technologies, Inc., a maritime domain awareness company, provides maritime solutions in North America, South America, Europe, the Middle East, Africa, Australia, and Asia. Its maritime solutions include Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). The company also designs, manufactures, deploys, and operates PowerBuoy, a sensor and power solution; wave adaptive modular vessel (WAM-V), an autonomous unmanned surface vehicle; and Merrows, a user interface and command and control (C2) system for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets. It serves defense agencies, offshore energy operators, and other commercial interests through a combination of direct sales and leases, strategic partnerships, and long-term service agreements. The company was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Specialty Industrial Mac | Market Cap | 77.77M |
| Enterprise Value | 81.69M | Income | -31.36M | Sales | 3.75M |
| Book/sh | 0.12 | Cash/sh | 0.06 | Dividend Yield | — |
| Payout | 0.00% | Employees | 53 | IPO | — |
| P/E | — | Forward P/E | -0.18 | PEG | — |
| P/S | 20.75 | P/B | 3.38 | P/C | — |
| EV/EBITDA | -2.75 | EV/Sales | 21.80 | Quick Ratio | 0.88 |
| Current Ratio | 1.23 | Debt/Eq | 57.61 | LT Debt/Eq | — |
| EPS (ttm) | -0.18 | EPS next Y | -2.23 | EPS Growth | — |
| Revenue Growth | -82.50% | Earnings | 2026-03-17 | ROA | -57.53% |
| ROE | -141.20% | ROIC | — | Gross Margin | -26.28% |
| Oper. Margin | -23.88% | Profit Margin | 0.00% | Shs Outstand | 194.96M |
| Shs Float | 185.66M | Short Float | 9.49% | Short Ratio | 1.94 |
| Short Interest | — | 52W High | 0.90 | 52W Low | 0.29 |
| Beta | 2.62 | Avg Volume | 14.46M | Volume | 3.59M |
| Target Price | $1.50 | Recom | None | Prev Close | $0.41 |
| Price | $0.40 | Change | -3.39% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$1.50
Mean price target
2. Current target
$0.40
Latest analyst target
3. DCF / Fair value
$-0.83
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.40
Low
$1.50
High
$1.50
Mean
$1.50
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-12-18 | init | HC Wainwright & Co. | — → Buy | $2 |
| 2025-09-24 | init | Ladenburg Thalmann | — → Buy | $2 |
| 2013-05-09 | init | Ascendiant Capital | — → Strong Buy | $5 |
- US Coast Guard taps wave-power buoys for San Diego surveillance - Stock Titan Wed, 11 Mar 2026 11
- $OPTT stock is up 12% today. Here's what we see in our data. - Quiver Quantitative ue, 10 Mar 2026 19
- OPTT Ocean Power Technologies (AMEX) down 12% pre-market 12 Mar 2026: earnings on Mar 17 could steer price - Meyka hu, 12 Mar 2026 06
- Assessing Ocean Power Technologies (OPTT) Valuation After Landmark US$5 Million Coast Guard Contract - Yahoo Finance Sat, 10 Jan 2026 08
- Does Ocean Power Technologies' (OPTT) Share Plan Shift Reveal a New Funding Playbook for Maritime Defense? - simplywall.st Fri, 30 Jan 2026 08
- Ocean Power Technologies (OPTT) Q3 Earnings Preview: Revenue Exp - GuruFocus Mon, 16 Mar 2026 19
- AI Investing Insights - Official Homepage - Intellectia AI™ - Intellectia AI ue, 17 Mar 2026 10
- HC Wainwright & Co. Initiates Coverage of Ocean Power Technologies (OPTT) with Buy Recommendation - Nasdaq hu, 18 Dec 2025 08
- A Look At Ocean Power Technologies (OPTT) Valuation After Homeland Security Contract And Upcoming Shareholder Vote - Yahoo Finance Wed, 28 Jan 2026 08
- Middle East tensions sharpen need for autonomous ocean patrols - Stock Titan Mon, 02 Mar 2026 08
- Is Ocean Power Technologies’ (OPTT) Expanded Equity Plan Quietly Redefining Its Maritime Tech Ambitions? - Yahoo Finance Sat, 31 Jan 2026 08
- Ocean Power Technologies (NYSE: OPTT) lifts backlog to $15M as Q2 loss widens - Stock Titan Mon, 15 Dec 2025 08
- $OPTT stock is up 9% today. Here's what we see in our data. - Quiver Quantitative Fri, 23 Jan 2026 08
- Robot buoys and tower sensors to watch U.S. coast in new security test - Stock Titan ue, 06 Jan 2026 08
- US Coast Guard spends $1.5M on offshore buoys to boost surveillance - Stock Titan ue, 24 Feb 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 54032 | 27000.0 | — | Conversion of Exercise of derivative security at price 0.50 per share. | POWERS ROBERT PATRICK | Chief Financial Officer | — | 2026-01-30 00:00:00 | D |
| 1 | 100198 | 50069.0 | — | Conversion of Exercise of derivative security at price 0.50 per share. | STRATMANN PHILIPP | Chief Executive Officer | — | 2026-01-30 00:00:00 | D |
| 2 | 201442 | — | — | Stock Award(Grant) at price 0.00 per share. | PAGLIARA TRACY D | General Counsel | — | 2026-01-30 00:00:00 | D |
| 3 | 281965 | — | — | Stock Award(Grant) at price 0.00 per share. | POWERS ROBERT PATRICK | Chief Financial Officer | — | 2026-01-30 00:00:00 | D |
| 4 | 592913 | — | — | Stock Award(Grant) at price 0.00 per share. | STRATMANN PHILIPP | Chief Executive Officer | — | 2026-01-30 00:00:00 | D |
| 5 | 414578 | — | — | Stock Award(Grant) at price 0.00 per share. | PAGLIARA TRACY D | General Counsel | — | 2026-01-27 00:00:00 | D |
| 6 | 377973 | — | — | Stock Award(Grant) at price 0.00 per share. | CRYAN TERENCE JAMES | Director | — | 2026-01-27 00:00:00 | D |
| 7 | 427447 | — | — | Stock Award(Grant) at price 0.00 per share. | POWERS ROBERT PATRICK | Chief Financial Officer | — | 2026-01-27 00:00:00 | D |
| 8 | 151189 | — | — | Stock Award(Grant) at price 0.00 per share. | HEWLETT CLYDE W | Director | — | 2026-01-27 00:00:00 | D |
| 9 | 805944 | — | — | Stock Award(Grant) at price 0.00 per share. | STRATMANN PHILIPP | Chief Executive Officer | — | 2026-01-27 00:00:00 | D |
Financials
| Line Item | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -40.62K | -5.85K | -6.53K | 69.76K |
| TaxRateForCalcs | 0.05 | 0.04 | 0.01 | 0.09 |
| NormalizedEBITDA | -19.05M | -28.11M | -26.81M | -21.89M |
| TotalUnusualItems | -883.00K | -136.00K | -653.00K | 792.00K |
| TotalUnusualItemsExcludingGoodwill | -883.00K | -136.00K | -653.00K | 792.00K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -21.51M | -27.48M | -26.33M | -18.87M |
| ReconciledDepreciation | 1.76M | 1.16M | 637.00K | 515.00K |
| ReconciledCostOfRevenue | 4.20M | 2.70M | 2.50M | 1.86M |
| EBITDA | -19.93M | -28.24M | -27.47M | -21.10M |
| EBIT | -21.69M | -29.40M | -28.10M | -21.61M |
| NetInterestIncome | 47.00K | 800.00K | 902.00K | 124.00K |
| InterestIncome | 47.00K | 800.00K | 902.00K | 124.00K |
| NormalizedIncome | -20.67M | -27.35M | -25.68M | -19.60M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -21.51M | -27.48M | -26.33M | -18.87M |
| TotalExpenses | 27.55M | 34.93M | 30.84M | 23.37M |
| TotalOperatingIncomeAsReported | -21.69M | -29.33M | -29.22M | -21.55M |
| DilutedAverageShares | 126.91M | 59.03M | 56.00M | 54.01M |
| BasicAverageShares | 126.91M | 59.03M | 56.00M | 54.01M |
| DilutedEPS | -0.17 | -0.47 | -0.47 | -0.35 |
| BasicEPS | -0.17 | -0.47 | -0.47 | -0.35 |
| DilutedNIAvailtoComStockholders | -21.51M | -27.48M | -26.33M | -18.87M |
| NetIncomeCommonStockholders | -21.51M | -27.48M | -26.33M | -18.87M |
| NetIncome | -21.51M | -27.48M | -26.33M | -18.87M |
| NetIncomeIncludingNoncontrollingInterests | -21.51M | -27.48M | -26.33M | -18.87M |
| NetIncomeContinuousOperations | -21.51M | -27.48M | -26.33M | -18.87M |
| TaxProvision | -1.03M | -1.25M | -278.00K | -1.82M |
| PretaxIncome | -22.55M | -28.74M | -26.60M | -20.70M |
| OtherIncomeExpense | -906.00K | -134.00K | 598.00K | 792.00K |
| OtherNonOperatingIncomeExpenses | -23.00K | 2.00K | 1.25M | 60.00K |
| SpecialIncomeCharges | -838.00K | -138.00K | -654.00K | 793.00K |
| GainOnSaleOfPPE | 0.00 | -210.00K | 0.00 | |
| GainOnSaleOfBusiness | 0.00 | -157.00K | 0.00 | |
| OtherSpecialCharges | 838.00K | -458.00K | -890.00K | 1.22M |
| RestructuringAndMergernAcquisition | 0.00 | -72.00K | 1.11M | -60.00K |
| GainOnSaleOfSecurity | -45.00K | 2.00K | 1.00K | -1.00K |
| NetNonOperatingInterestIncomeExpense | 47.00K | 800.00K | 902.00K | 124.00K |
| InterestIncomeNonOperating | 47.00K | 800.00K | 902.00K | 124.00K |
| OperatingIncome | -21.69M | -29.40M | -28.10M | -21.61M |
| OperatingExpense | 23.35M | 32.23M | 28.34M | 21.51M |
| OtherOperatingExpenses | 23.35M | 32.23M | 28.34M | 21.51M |
| ResearchAndDevelopment | 4.75M | |||
| SellingGeneralAndAdministration | 7.77M | |||
| GrossProfit | 1.66M | 2.83M | 236.00K | -101.00K |
| CostOfRevenue | 4.20M | 2.70M | 2.50M | 1.86M |
| TotalRevenue | 5.86M | 5.53M | 2.73M | 1.76M |
| OperatingRevenue | 5.86M | 5.53M | 2.73M | 1.76M |
| Line Item | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
|---|---|---|---|---|
| TreasurySharesNumber | 787.48K | 88.02K | 40.91K | 23.35K |
| OrdinarySharesNumber | 171.26M | 61.26M | 56.26M | 55.88M |
| ShareIssued | 172.05M | 61.35M | 56.30M | 55.91M |
| TotalDebt | 1.80M | 2.57M | 1.84M | 857.00K |
| TangibleBookValue | 14.62M | 7.18M | 31.44M | 56.16M |
| InvestedCapital | 26.65M | 19.34M | 43.95M | 68.83M |
| WorkingCapital | 10.33M | 3.18M | 29.77M | 56.33M |
| NetTangibleAssets | 14.62M | 7.18M | 31.44M | 56.16M |
| CapitalLeaseObligations | 1.80M | 2.57M | 1.84M | 857.00K |
| CommonStockEquity | 26.65M | 19.34M | 43.95M | 68.83M |
| TotalCapitalization | 26.65M | 19.34M | 43.95M | 68.83M |
| TotalEquityGrossMinorityInterest | 26.65M | 19.34M | 43.95M | 68.83M |
| StockholdersEquity | 26.65M | 19.34M | 43.95M | 68.83M |
| GainsLossesNotAffectingRetainedEarnings | 0.00 | -45.00K | -45.00K | -46.00K |
| OtherEquityAdjustments | -45.00K | -45.00K | -46.00K | -171.00K |
| TreasuryStock | 1.02M | 369.00K | 355.00K | 341.00K |
| RetainedEarnings | -329.09M | -307.58M | -280.10M | -253.77M |
| AdditionalPaidInCapital | 356.59M | 327.28M | 324.39M | 322.93M |
| CapitalStock | 172.00K | 61.00K | 56.00K | 56.00K |
| CommonStock | 172.00K | 61.00K | 56.00K | 56.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 4.14M | 9.36M | 9.42M | 4.56M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 852.00K | 2.00M | 1.51M | 1.58M |
| OtherNonCurrentLiabilities | 843.00K | |||
| NonCurrentDeferredLiabilities | 203.00K | 203.00K | 203.00K | 203.00K |
| NonCurrentDeferredRevenue | 0.00 | |||
| NonCurrentDeferredTaxesLiabilities | 203.00K | 203.00K | 203.00K | 203.00K |
| LongTermDebtAndCapitalLeaseObligation | 649.00K | 1.80M | 1.31M | 538.00K |
| LongTermCapitalLeaseObligation | 649.00K | 1.80M | 1.31M | 538.00K |
| LongTermDebt | 396.00K | |||
| CurrentLiabilities | 3.29M | 7.36M | 7.91M | 2.98M |
| OtherCurrentLiabilities | 1.20M | 748.00K | ||
| CurrentDeferredLiabilities | 0.00 | 302.00K | 1.38M | 129.00K |
| CurrentDeferredRevenue | 0.00 | 302.00K | 1.38M | 129.00K |
| CurrentDebtAndCapitalLeaseObligation | 1.15M | 774.00K | 529.00K | 319.00K |
| CurrentCapitalLeaseObligation | 1.15M | 774.00K | 529.00K | 319.00K |
| CurrentDebt | 495.00K | |||
| OtherCurrentBorrowings | 495.00K | |||
| PensionandOtherPostRetirementBenefitPlansCurrent | 759.00K | 1.27M | 1.95M | 266.00K |
| CurrentProvisions | 328.00K | 328.00K | ||
| PayablesAndAccruedExpenses | 1.38M | 5.01M | 2.85M | 1.19M |
| CurrentAccruedExpenses | 512.00K | 516.00K | 398.00K | 283.00K |
| Payables | 868.00K | 4.50M | 2.45M | 905.00K |
| OtherPayable | 300.00K | 1.13M | 1.50M | 1.22M |
| TotalTaxPayable | 0.00 | |||
| AccountsPayable | 568.00K | 3.37M | 952.00K | 905.00K |
| TotalAssets | 30.79M | 28.70M | 53.37M | 73.39M |
| TotalNonCurrentAssets | 17.18M | 18.16M | 15.70M | 14.09M |
| OtherNonCurrentAssets | 154.00K | 154.00K | 155.00K | 219.00K |
| GoodwillAndOtherIntangibleAssets | 12.03M | 12.16M | 12.52M | 12.67M |
| OtherIntangibleAssets | 3.49M | 3.62M | 3.98M | 4.14M |
| Goodwill | 8.54M | 8.54M | 8.54M | 8.54M |
| NetPPE | 5.00M | 5.85M | 3.03M | 1.20M |
| AccumulatedDepreciation | -2.54M | -1.97M | -1.57M | -1.58M |
| GrossPPE | 7.53M | 7.82M | 4.60M | 2.78M |
| Leases | 683.00K | 683.00K | 611.00K | 477.00K |
| ConstructionInProgress | 0.00 | 15.00K | 15.00K | |
| OtherProperties | 5.80M | 5.93M | 2.90M | 1.37M |
| MachineryFurnitureEquipment | 1.04M | 1.21M | 1.09M | 923.00K |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 13.62M | 10.54M | 37.67M | 59.30M |
| RestrictedCash | 0.00 | 65.00K | 258.00K | 384.00K |
| PrepaidAssets | 400.00K | 1.75M | 994.00K | 467.00K |
| Inventory | 4.22M | 4.83M | 1.04M | 442.00K |
| FinishedGoods | 0.00 | 136.00K | 0.00 | |
| WorkInProcess | 636.00K | 397.00K | 0.00 | 244.00K |
| RawMaterials | 3.59M | 4.30M | 1.04M | 198.00K |
| Receivables | 2.28M | 814.00K | 897.00K | 868.00K |
| OtherReceivables | 1.09M | 18.00K | 152.00K | 386.00K |
| AccountsReceivable | 1.19M | 796.00K | 745.00K | 482.00K |
| CashCashEquivalentsAndShortTermInvestments | 6.71M | 3.15M | 34.67M | 57.27M |
| OtherShortTermInvestments | 0.00 | 27.79M | 49.38M | 0.00 |
| CashAndCashEquivalents | 6.71M | 3.15M | 6.88M | 7.88M |
| CashEquivalents | 4.01M | 6.07M | 81.18M | |
| CashFinancial | 2.87M | 1.81M | 1.85M |
| Line Item | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
|---|---|---|---|---|
| FreeCashFlow | -19.14M | -32.35M | -22.73M | -21.44M |
| RepurchaseOfCapitalStock | -3.00K | -36.00K | ||
| RepaymentOfDebt | 0.00 | -467.00K | ||
| IssuanceOfDebt | 3.17M | 0.00 | 0.00 | 1.36M |
| IssuanceOfCapitalStock | 20.18M | 483.00K | 0.00 | 0.00 |
| CapitalExpenditure | -505.00K | -2.58M | -1.02M | -145.00K |
| InterestPaidSupplementalData | 0.00 | |||
| EndCashPosition | 6.87M | 3.31M | 7.10M | 8.36M |
| BeginningCashPosition | 3.31M | 7.10M | 8.36M | 83.63M |
| EffectOfExchangeRateChanges | 0.00 | 0.00 | 0.00 | -32.00K |
| ChangesInCash | 3.56M | -3.80M | -1.26M | -75.24M |
| FinancingCashFlow | 22.70M | 469.00K | -14.00K | 87.00K |
| CashFlowFromContinuingFinancingActivities | 22.70M | 469.00K | -14.00K | 87.00K |
| NetOtherFinancingCharges | -649.00K | -14.00K | -14.00K | -3.00K |
| ProceedsFromStockOptionExercised | 0.00 | 90.00K | 3.00M | |
| NetCommonStockIssuance | 20.18M | 483.00K | 0.00 | -3.00K |
| CommonStockPayments | -3.00K | -36.00K | ||
| CommonStockIssuance | 20.18M | 483.00K | 0.00 | 0.00 |
| NetIssuancePaymentsOfDebt | 3.17M | 0.00 | 0.00 | 890.00K |
| NetShortTermDebtIssuance | 0.00 | 467.00K | ||
| ShortTermDebtIssuance | 0.00 | 467.00K | ||
| NetLongTermDebtIssuance | 3.17M | 0.00 | 0.00 | 423.00K |
| LongTermDebtPayments | 0.00 | -467.00K | ||
| LongTermDebtIssuance | 3.17M | 0.00 | 0.00 | 890.00K |
| InvestingCashFlow | -505.00K | 25.50M | 20.46M | -54.03M |
| CashFlowFromContinuingInvestingActivities | -505.00K | 25.50M | 20.46M | -54.03M |
| NetInvestmentPurchaseAndSale | 0.00 | 28.08M | 21.48M | -49.44M |
| SaleOfInvestment | 0.00 | 35.98M | 64.92M | 0.00 |
| PurchaseOfInvestment | 0.00 | -7.89M | -43.44M | -49.44M |
| NetBusinessPurchaseAndSale | 0.00 | -4.44M | 100.00K | |
| SaleOfBusiness | 0.00 | 100.00K | ||
| PurchaseOfBusiness | 0.00 | -4.44M | 0.00 | |
| NetPPEPurchaseAndSale | -505.00K | -2.58M | -1.02M | -145.00K |
| PurchaseOfPPE | -505.00K | -2.58M | -1.02M | -145.00K |
| OperatingCashFlow | -18.63M | -29.76M | -21.71M | -21.30M |
| CashFlowFromContinuingOperatingActivities | -18.63M | -29.76M | -21.71M | -21.30M |
| ChangeInWorkingCapital | -4.48M | -4.44M | 1.30M | -3.00M |
| ChangeInOtherWorkingCapital | -302.00K | -1.08M | 1.25M | -74.00K |
| ChangeInOtherCurrentLiabilities | -773.00K | -514.00K | -311.00K | -309.00K |
| ChangeInOtherCurrentAssets | 1.35M | -753.00K | -527.00K | 19.00K |
| ChangeInPayablesAndAccruedExpense | -3.51M | 1.60M | 1.52M | -2.01M |
| ChangeInAccruedExpense | -515.00K | -309.00K | 1.47M | -1.00M |
| ChangeInPayable | -3.00M | 1.91M | 47.00K | -1.01M |
| ChangeInAccountPayable | -2.80M | 2.41M | 47.00K | 217.00K |
| ChangeInInventory | 230.00K | -3.79M | -602.00K | -292.00K |
| ChangeInReceivables | -1.47M | 83.00K | -28.00K | -328.00K |
| ChangesInAccountReceivables | -395.00K | -51.00K | -262.00K | -133.00K |
| OtherNonCashItems | -72.00K | 1.11M | -60.00K | |
| StockBasedCompensation | 4.60M | 1.16M | 1.46M | 1.17M |
| AmortizationOfSecurities | 0.00 | -290.00K | 113.00K | 58.00K |
| DeferredTax | 0.00 | -377.00K | 0.00 | |
| DeferredIncomeTax | 0.00 | -377.00K | 0.00 | |
| DepreciationAmortizationDepletion | 1.76M | 1.16M | 637.00K | 515.00K |
| DepreciationAndAmortization | 1.76M | 1.16M | 637.00K | 515.00K |
| AmortizationCashFlow | 132.00K | 148.00K | 158.00K | 86.00K |
| AmortizationOfIntangibles | 132.00K | 148.00K | 158.00K | 86.00K |
| Depreciation | 1.62M | 1.01M | 479.00K | 429.00K |
| OperatingGainsLosses | 994.00K | 208.00K | -1.00K | -732.00K |
| NetForeignCurrencyExchangeGainLoss | 45.00K | -2.00K | -1.00K | 1.00K |
| GainLossOnSaleOfPPE | 111.00K | 0.00 | 0.00 | 2.00K |
| GainLossOnSaleOfBusiness | 0.00 | 157.00K | 0.00 | |
| NetIncomeFromContinuingOperations | -21.51M | -27.48M | -26.33M | -18.87M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for OPTT
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|