Ocean Power Technologies, Inc. (OPTT) Financial Statements (2023 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)
| 1/31/2022 TTM | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | 4/30/2017 | 4/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 63,454 | 83,028 | 10,002 | 16,660 | 11,524 | 8,446 | 6,805 | ||
| Cash and cash equivalents | 63,454 | 83,028 | 10,002 | 16,660 | 11,499 | 8,421 | 6,730 | ||
| Short-term investments | 25 | 25 | 75 | ||||||
| Restricted cash and investments | 384 | 384 | 707 | 344 | 572 | 334 | 300 | ||
| Receivables | 113 | 350 | 105 | 63 | 592 | 48 | |||
| Inventory, net of allowances, customer advances and progress billings | 193 | ||||||||
| Inventory | 193 | ||||||||
| Contract with customer, asset | 407 | 190 | 251 | 15 | ✕ | ✕ | ✕ | ||
| Other current assets | 436 | 487 | 588 | 537 | 567 | 622 | 117 | ||
| Other undisclosed current assets | 296 | 2,537 | |||||||
| Total current assets: | 64,987 | 84,439 | 11,653 | 17,619 | 13,255 | 9,746 | 9,759 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 825 | 1,036 | 1,165 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 365 | 406 | 499 | 592 | 712 | 170 | 273 | ||
| Intangible assets, net (including goodwill) | 11,957 | 274 | |||||||
| Goodwill | 7,754 | ||||||||
| Intangible assets, net (excluding goodwill) | 4,203 | 274 | |||||||
| Restricted cash and investments | 222 | 222 | 221 | 155 | 154 | 154 | |||
| Other noncurrent assets | 3 | 319 | |||||||
| Total noncurrent assets: | 13,369 | 1,938 | 1,885 | 747 | 866 | 327 | 592 | ||
| TOTAL ASSETS: | 78,356 | 86,377 | 13,538 | 18,366 | 14,121 | 10,073 | 10,351 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,814 | 2,568 | 1,573 | 2,250 | 2,551 | 3,645 | 3,048 | ||
| Accounts payable | 522 | 687 | 220 | 312 | 290 | 586 | 373 | ||
| Accrued liabilities | 1,292 | 1,881 | 1,353 | 1,938 | 2,261 | 3,059 | 2,675 | ||
| Deferred revenue | 15 | 100 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 23 | 35 | 82 | ||||||
| Derivative instruments and hedges, liabilities | 6 | 201 | |||||||
| Estimated litigation liability | 1,224 | 350 | 3,000 | ||||||
| Business combination, contingent consideration, liability | 1,591 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 39 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 600 | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 188 | ✕ | ✕ | ✕ | ||
| Other liabilities | 60 | ||||||||
| Other undisclosed current liabilities | 779 | 842 | 229 | 618 | 323 | ||||
| Total current liabilities: | 4,199 | 4,694 | 1,902 | 2,444 | 3,743 | 4,603 | 6,168 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 615 | 819 | 1,078 | 23 | 55 | ||||
| Capital lease obligations | ✕ | ✕ | ✕ | 55 | |||||
| Operating lease, liability | 615 | 819 | 1,078 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 23 | ||||||||
| Liabilities, other than long-term debt | 147 | 142 | 600 | ||||||
| Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | 600 | ||||
| Deferred rent credit | 147 | 142 | ✕ | ✕ | |||||
| Other undisclosed noncurrent liabilities | (615) | (423) | (1,013) | ||||||
| Total noncurrent liabilities: | 615 | 1,215 | 1,143 | 147 | 142 | 23 | 655 | ||
| Total liabilities: | 4,814 | 5,909 | 3,045 | 2,591 | 3,885 | 4,626 | 6,823 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 73,542 | 80,468 | 10,493 | 15,775 | 10,236 | 5,447 | 3,528 | ||
| Common stock | 56 | 52 | 13 | 5 | 18 | 6 | 2 | ||
| Treasury stock, value | (338) | (338) | (302) | (301) | (300) | (263) | (138) | ||
| Additional paid in capital | 322,626 | 315,821 | 231,101 | 226,026 | 208,216 | 193,234 | 181,670 | ||
| Accumulated other comprehensive loss | (185) | (171) | (183) | (171) | (160) | (160) | (122) | ||
| Accumulated deficit | (248,617) | (234,896) | (220,136) | (209,784) | (197,538) | (187,370) | (177,884) | ||
| Total stockholders' equity: | 73,542 | 80,468 | 10,493 | 15,775 | 10,236 | 5,447 | 3,528 | ||
| TOTAL LIABILITIES AND EQUITY: | 78,356 | 86,377 | 13,538 | 18,366 | 14,121 | 10,073 | 10,351 | ||
Income Statement (P&L) ($ in thousands)
| 1/31/2022 TTM | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | 4/30/2017 | 4/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,605 | 1,206 | 1,700 | 632 | 511 | 843 | 705 | |
| Cost of revenue | (2,351) | (2,279) | (1,787) | (1,303) | (763) | (938) | (668) | |
| Other undisclosed gross profit | (18) | |||||||
| Gross profit: | (746) | (1,073) | (105) | (671) | (252) | (95) | 37 | |
| Operating expenses | (19,045) | (12,519) | (11,260) | (12,600) | (11,308) | (11,592) | (14,895) | |
| Operating loss: | (19,791) | (13,592) | (11,365) | (13,271) | (11,560) | (11,687) | (14,858) | |
| Nonoperating income (expense) | 28 | (68) | (12) | (55) | 79 | (16) | 92 | |
| Foreign currency transaction gain (loss), before tax | 2 | 15 | (12) | (55) | 75 | (16) | (149) | |
| Other nonoperating income (expense) | 26 | (83) | 4 | 241 | ||||
| Interest and debt expense | 891 | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,519 | 8 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (18,872) | (13,660) | (11,377) | (13,326) | (11,481) | (10,184) | (14,758) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (1,045) | (1,100) | 130 | 230 | 205 | |||
| Loss from continuing operations before income taxes: | (19,917) | (14,760) | (11,247) | (13,096) | (11,276) | (10,184) | (14,758) | |
| Income tax benefit | 1,041 | 895 | 850 | 1,119 | 698 | 1,675 | ||
| Net loss: | (18,876) | (14,760) | (10,352) | (12,246) | (10,157) | (9,486) | (13,084) | |
| Net loss attributable to noncontrolling interest | (45) | |||||||
| Other undisclosed net loss attributable to parent | (45) | |||||||
| Net loss available to common stockholders, diluted: | (18,921) | (14,760) | (10,352) | (12,246) | (10,157) | (9,486) | (13,129) | |
Comprehensive Income ($ in thousands)
| 1/31/2022 TTM | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | 4/30/2017 | 4/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (18,876) | (14,760) | (10,352) | (12,246) | (10,157) | (9,486) | (13,084) | |
| Other comprehensive income (loss) | (8) | 12 | (12) | (11) | (38) | 135 | ||
| Other undisclosed comprehensive loss | (45) | (0) | ||||||
| Comprehensive loss: | (18,929) | (14,748) | (10,364) | (12,257) | (10,157) | (9,524) | (12,949) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (73) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (18,929) | (14,748) | (10,364) | (12,257) | (10,157) | (9,524) | (13,021) | |
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.