Ocean Power Technologies, Inc. (OPTT) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments801017128717
Cash and cash equivalents801017118717
Short-term investments   0000
Restricted cash and investments0101000
Receivables00010 0
Contract with customer, asset000
Other current assets1111100
Other undisclosed current assets(0)   030
Total current assets:81121813101018
Noncurrent Assets
Operating lease, right-of-use asset11
Property, plant and equipment0011000
Restricted cash and investments00000 0
Other noncurrent assets    000
Total noncurrent assets:2211011
TOTAL ASSETS:83141814101019
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2223434
Accounts payable0000100
Accrued liabilities2122333
Employee-related liabilities      1
Deferred revenue00
Debt0  0000
Derivative instruments and hedges, liabilities  00   
Estimated litigation liability   0 3 
Deferred revenue and credits  0 
Customer advances and deposits 1  
Contract with customer, liability0
Other undisclosed current liabilities10 10 (1)
Total current liabilities:3224563
Noncurrent Liabilities
Long-term debt and lease obligation, including:11  000
Long-term debt, excluding current maturities      0
Capital lease obligations   0 
Operating lease, liability11
Other undisclosed long-term debt and lease obligation    0  
Liabilities, other than long-term debt  00 11
Customer advances or deposits  11
Deferred rent credit  00
Other undisclosed noncurrent liabilities(0)(1)     
Total noncurrent liabilities:1100011
Total liabilities:5334574
Stockholders' equity
Stockholders' equity attributable to parent781016105416
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital310231226208193182181
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)(0)
Accumulated deficit(230)(220)(210)(198)(187)(178)(165)
Other undisclosed stockholders' equity attributable to parent(2)      
Stockholders' equity attributable to noncontrolling interest      (0)
Total stockholders' equity:781016105415
TOTAL LIABILITIES AND EQUITY:83141814101019

Income statement (P&L) ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues1211114
Cost of revenue(2)(2)(1)(1)(1)(1)(5)
Other undisclosed gross profit(0)(0)     
Gross profit:(1)(0)(1)(0)(0)0(1)
Operating expenses(11)(11)(13)(11)(12)(15)(14)
Operating loss:(12)(11)(13)(12)(12)(15)(14)
Nonoperating income (expense)(0)(0)(0)0(0)0(0)
Foreign currency transaction gain (loss), before tax0(0)(0)0(0)(0)(0)
Other nonoperating income (expense)(0)  0 00
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    20(0)
Loss from continuing operations before equity method investments, income taxes:(12)(11)(13)(11)(10)(15)(14)
Other undisclosed income from continuing operations before income taxes0000   
Loss from continuing operations before income taxes:(12)(11)(13)(11)(10)(15)(14)
Income tax benefit 111121
Other undisclosed income from continuing operations1      
Net loss:(11)(10)(12)(10)(9)(13)(13)
Net income (loss) attributable to noncontrolling interest     (0)0
Other undisclosed net income attributable to parent0      
Net loss available to common stockholders, diluted:(11)(10)(12)(10)(9)(13)(13)

Comprehensive Income ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net loss:(11)(10)(12)(10)(9)(13)(13)
Other comprehensive income (loss)0(0)(0) (0)00
Other undisclosed comprehensive income (loss)0    (0) 
Comprehensive loss:(11)(10)(12)(10)(10)(13)(13)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (0)0
Comprehensive loss, net of tax, attributable to parent:(11)(10)(12)(10)(10)(13)(13)

Statements sources

The financial statements are based on the company's filings with the 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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