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: | 3,300 | 34,673 | 57,269 | 83,028 | 10,002 | 16,660 | |||
| Cash and cash equivalent | 3,151 | 6,883 | 7,885 | 83,028 | 10,002 | 16,660 | |||
| Short-term investments | 27,790 | 49,384 | |||||||
| Other undisclosed cash, cash equivalents, and short-term investments | 149 | ||||||||
| Restricted cash and investments | 65 | 258 | 384 | 707 | 344 | ||||
| Receivables | 796 | 745 | 482 | 350 | 105 | 63 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,831 | 1,044 | 442 | ||||||
| Inventory | 4,831 | 1,044 | 442 | ||||||
| Contract with customer, asset, after allowance for credit loss | 18 | 152 | 386 | 190 | 251 | 15 | |||
| Other current assets | 1,747 | 994 | 467 | 487 | 588 | 537 | |||
| Other undisclosed current assets | (149) | ||||||||
| Total current assets: | 10,543 | 37,673 | 59,304 | 84,439 | 11,653 | 17,619 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,405 | 1,751 | 752 | 1,036 | 1,165 | ✕ | |||
| Property, plant and equipment | 3,443 | 1,280 | 445 | 406 | 499 | 592 | |||
| Intangible assets, net (including goodwill) | 12,159 | 12,515 | 12,673 | 274 | |||||
| Goodwill | 8,537 | 8,537 | 8,537 | ||||||
| Intangible assets, net (excluding goodwill) | 3,622 | 3,978 | 4,136 | 274 | |||||
| Restricted cash and investments | 154 | 155 | 219 | 222 | 221 | 155 | |||
| Total noncurrent assets: | 18,161 | 15,701 | 14,089 | 1,938 | 1,885 | 747 | |||
| TOTAL ASSETS: | 28,704 | 53,374 | 73,393 | 86,377 | 13,538 | 18,366 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 5,153 | 3,298 | 2,108 | 2,568 | 1,573 | 2,250 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 326 | |||||
| Accounts payable | 3,366 | 952 | 905 | 687 | 220 | 312 | |||
| Accrued liabilities | 1,787 | 2,346 | 877 | 1,881 | 1,353 | 1,938 | |||
| Deferred revenue | 302 | 1,378 | 129 | 100 | ✕ | ||||
| Derivative instruments and hedges, liabilities | 6 | ||||||||
| Estimated litigation liability | 1,224 | ||||||||
| Business combination, contingent consideration, liability | 1,202 | 748 | |||||||
| Other liabilities | 60 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 188 | ||
| Other undisclosed current liabilities | 1,904 | 2,029 | (7) | 842 | 229 | ||||
| Total current liabilities: | 7,359 | 7,907 | 2,978 | 4,694 | 1,902 | 2,444 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 538 | 819 | 1,078 | ||||||
| Liabilities, other than long-term debt | 2,001 | 1,514 | 1,046 | 147 | |||||
| Deferred rent credit | 147 | ||||||||
| Deferred income tax liabilities | 203 | 203 | 203 | ✕ | |||||
| Operating lease, liability | 1,798 | 1,311 | 538 | 819 | 1,078 | ✕ | |||
| Business combination, contingent consideration, liability | 843 | ||||||||
| Other undisclosed noncurrent liabilities | (423) | (1,013) | |||||||
| Total noncurrent liabilities: | 2,001 | 1,514 | 1,584 | 1,215 | 1,143 | 147 | |||
| Total liabilities: | 9,360 | 9,421 | 4,562 | 5,909 | 3,045 | 2,591 | |||
| Equity | |||||||||
| Equity, attributable to parent | 19,344 | 43,953 | 68,831 | 80,468 | 10,493 | 15,775 | |||
| Common stock | 61 | 56 | 56 | 52 | 13 | 5 | |||
| Treasury stock, value | (369) | (355) | (341) | (338) | (302) | (301) | |||
| Additional paid in capital | 327,276 | 324,393 | 322,932 | 315,821 | 231,101 | 226,026 | |||
| 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: | 19,344 | 43,953 | 68,831 | 80,468 | 10,493 | 15,775 | |||
| TOTAL LIABILITIES AND EQUITY: | 28,704 | 53,374 | 73,393 | 86,377 | 13,538 | 18,366 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,525 | 2,732 | 1,759 | 1,206 | 1,700 | 632 | ||
| Cost of revenue | (2,699) | (2,496) | (1,860) | (2,279) | (1,787) | (1,303) | ||
| Other undisclosed gross profit | (18) | |||||||
| Gross profit: | 2,826 | 236 | (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) | 2 | 1 | 59 | (68) | (12) | (55) | ||
| Gain (loss), foreign currency transaction, before tax | 2 | 1 | (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 taxes | 592 | 2,611 | (33) | (1,100) | 130 | 230 | ||
| Loss from continuing operations before income taxes: | (28,737) | (26,604) | (20,697) | (14,760) | (11,247) | (13,096) | ||
| Income tax benefit | 1,254 | 278 | 1,823 | 895 | 850 | |||
| 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.