Ocean Power Technologies, Inc. (OPTT) Financial Statements (2025 and earlier)

Company Profile

Business Address 28 ENGELHARD DRIVE
MONROE TOWNSHIP, NJ 08831
State of Incorp. NJ
Fiscal Year End April 30
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2025
MRQ
4/30/2024
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3,30034,67357,26983,02810,00216,660
Cash and cash equivalent3,1516,8837,88583,02810,00216,660
Short-term investments  27,79049,384   
Other undisclosed cash, cash equivalents, and short-term investments 149     
Restricted cash and investments  65258384707344
Receivables79674548235010563
Inventory, net of allowances, customer advances and progress billings4,8311,044442   
Inventory4,8311,044442   
Contract with customer, asset, after allowance for credit loss1815238619025115
Other current assets1,747994467487588537
Other undisclosed current assets (149)     
Total current assets:10,54337,67359,30484,43911,65317,619
Noncurrent Assets
Operating lease, right-of-use asset2,4051,7517521,0361,165
Property, plant and equipment3,4431,280445406499592
Intangible assets, net (including goodwill)12,15912,51512,673274  
Goodwill8,5378,5378,537   
Intangible assets, net (excluding goodwill)3,6223,9784,136274  
Restricted cash and investments154155219222221155
Total noncurrent assets:18,16115,70114,0891,9381,885747
TOTAL ASSETS:28,70453,37473,39386,37713,53818,366
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,1533,2982,1082,5681,5732,250
Employee-related liabilities326   
Accounts payable3,366952905687220312
Accrued liabilities1,7872,3468771,8811,3531,938
Deferred revenue 3021,378129 100
Derivative instruments and hedges, liabilities      6
Estimated litigation liability    1,224  
Business combination, contingent consideration, liability  1,202748   
Other liabilities    60  
Contract with customer, liability188
Other undisclosed current liabilities1,9042,029(7)842229 
Total current liabilities:7,3597,9072,9784,6941,9022,444
Noncurrent Liabilities
Long-term debt and lease obligation:   5388191,078 
Liabilities, other than long-term debt2,0011,5141,046  147
Deferred rent credit      147
Deferred income tax liabilities203203203  
Operating lease, liability1,7981,3115388191,078
Business combination, contingent consideration, liability   843   
Other undisclosed noncurrent liabilities    (423)(1,013) 
Total noncurrent liabilities:2,0011,5141,5841,2151,143147
Total liabilities:9,3609,4214,5625,9093,0452,591
Equity
Equity, attributable to parent19,34443,95368,83180,46810,49315,775
Common stock61565652135
Treasury stock, value(369)(355)(341)(338)(302)(301)
Additional paid in capital327,276324,393322,932315,821231,101226,026
Accumulated other comprehensive loss(45)(45)(46)(171)(183)(171)
Accumulated deficit(307,579)(280,096)(253,770)(234,896)(220,136)(209,784)
Total equity:19,34443,95368,83180,46810,49315,775
TOTAL LIABILITIES AND EQUITY:28,70453,37473,39386,37713,53818,366

Income Statement (P&L) ($ in thousands)

1/31/2025
TTM
4/30/2024
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
Revenues5,5252,7321,7591,2061,700632
Cost of revenue(2,699)(2,496)(1,860)(2,279)(1,787)(1,303)
Other undisclosed gross profit     (18) 
Gross profit:2,826236(101)(1,073)(105)(671)
Operating expenses(32,157)(29,452)(21,512)(12,519)(11,260)(12,600)
Other undisclosed operating loss      
Operating loss:(29,331)(29,216)(21,613)(13,592)(11,365)(13,271)
Nonoperating income (expense)2159(68)(12)(55)
Gain (loss), foreign currency transaction, before tax21(1)15(12)(55)
Other nonoperating income (expense)   60(83)  
Interest and debt expense  890   
Loss from continuing operations before equity method investments, income taxes:(29,329)(29,215)(20,664)(13,660)(11,377)(13,326)
Other undisclosed income (loss) from continuing operations before income taxes5922,611(33)(1,100)130230
Loss from continuing operations before income taxes:(28,737)(26,604)(20,697)(14,760)(11,247)(13,096)
Income tax benefit 1,2542781,823 895850
Loss from continuing operations:(27,483)(26,326)(18,874)(14,760)(10,352)(12,246)
Loss before gain (loss) on sale of properties:(18,874)(14,760)(10,352)(12,246)
Net loss available to common stockholders, diluted:(27,483)(26,326)(18,874)(14,760)(10,352)(12,246)

Comprehensive Income ($ in thousands)

1/31/2025
TTM
4/30/2024
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
Net loss:(27,483)(26,326)(18,874)(14,760)(10,352)(12,246)
Other comprehensive income (loss)  1(32)12(12)(11)
Other undisclosed comprehensive loss  (1)    
Comprehensive loss, net of tax, attributable to parent:(27,483)(26,326)(18,906)(14,748)(10,364)(12,257)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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