Ocean Power Technologies Overview

  • Year Founded
  • 1984

Year Founded

  • Status
  • Public

  • Employees
  • 72

Employees

  • Stock Symbol
  • OPTT

Stock Symbol

  • Investments
  • 2

  • Share Price
  • $0.36
  • (As of Thursday Closing)

Ocean Power Technologies General Information

Description

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

Contact Information

Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Electric Utilities
Stock Exchange
ASE
Primary Office
  • 1590 Reed Road
  • Pennington, NJ 08534
  • United States
+1 (609) 000-0000

Ocean Power Technologies Timeline

2020202120222023
Financing RoundCaptured Employee CountEstimated Employee Growth

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Ocean Power Technologies Stock Performance

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.36 $0.29 $0.25 - $0.77 $21.6M 60.8M 213K -$0.49

Ocean Power Technologies Financials Summary

In Thousands,
USD
TTM 31-Jul-2023 FY 2023 30-Apr-2023 FY 2022 30-Apr-2022 FY 2021 30-Apr-2021
EV 2,171 (11,761) (3,268) 50,378
Revenue 3,289 2,732 1,759 1,206
EBITDA (28,166) (26,869) (20,306) (14,512)
Net Income (27,513) (26,326) (18,874) (14,760)
Total Assets 45,679 53,374 73,393 86,377
Total Debt 1,713 1,840 857 2,057
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Ocean Power Technologies Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Ocean Power Technologies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more p
Electric Utilities
Pennington, NJ
72 As of 2023
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00000000 000000000
Austin, TX
00000
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Ocean Power Technologies Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
00000 00000000 000 Formerly VC-backed Austin, TX 00000 000000&0 00000
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Ocean Power Technologies Patents

Ocean Power Technologies Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
JP-2021175895-A Dual point absorber connected to facility Pending 26-Mar-2020 00000000000
US-11459997-B2 Wave energy converter including a dual-point absorber connected to an above-water installation via a linkage Active 26-Mar-2020 00000000000 00
AU-2021201622-A1 Installation-connected dual-point absorber Pending 26-Mar-2020 000000000
CA-3112864-A1 Installation-connected dual-point absorber Pending 26-Mar-2020 000000000
EP-3885569-A1 Installation-connected dual-point absorber Pending 26-Mar-2020 F03B13/20 0
To view Ocean Power Technologies’s complete patent history, request access »

Ocean Power Technologies Executive Team (10)

Name Title Board Seat Contact Info
J. Stratmann Ph.D Chief Executive Officer & Board Member
Robert Powers Chief Financial Officer, Finance & Senior Vice President
Joseph DiPietro Chief Accounting Officer, Accounting & Controller, Finance
Matt Burdyny Chief Commercial Officer
Deborah Montagna Vice President of Business and Product Development
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Ocean Power Technologies Board Members (11)

Name Representing Role Since
00000 0000000 Ocean Power Technologies Board Member 000 0000
00000 000000 Self Board Member 000 0000
0. 000000000 00.0 Ocean Power Technologies Chief Executive Officer & Board Member 000 0000
0000000 000000-000 Self Board Member 000 0000
00000 000000 Ocean Power Technologies Board Member 000 0000
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Ocean Power Technologies Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Ocean Power Technologies Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Ocean Power Technologies Acquisitions (2)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Marine Advanced Robotics 16-Nov-2021 0000000000 0000 Marine 0. 000000
3Dent Technology 01-Feb-2021 Merger/Acquisition 00.000 Construction and Engineering 000000 00
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Ocean Power Technologies Subsidiaries (2)

Company Name Industry Location Founded
3Dent Technology Construction and Engineering Houston, TX 2013
Marine Advanced Robotics Marine Richmond, CA 0000
To view Ocean Power Technologies’s complete subsidiaries history, request access »

Ocean Power Technologies ESG

Risk Overview

Risk Rating

Updated July, 01, 2023

29.81 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 15,708

Rank

00.00

Percentile

Electrical Equipment

Industry

00 of 277

Rank

00.00

Percentile

Electrical Equipment

Subindustry

00 of 277

Rank

00.00

Percentile

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