Last $1.31 USD
Change Today -0.0699 / -5.07%
Volume 231.9K
OPTT On Other Exchanges
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As of 1:17 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

ocean power technologies inc (OPTT) Snapshot

Open
$1.39
Previous Close
$1.38
Day High
$1.41
Day Low
$1.30
52 Week High
03/11/14 - $7.01
52 Week Low
07/15/14 - $1.03
Market Cap
23.0M
Average Volume 10 Days
1.1M
EPS TTM
$-0.99
Shares Outstanding
17.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OCEAN POWER TECHNOLOGIES INC (OPTT)

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ocean power technologies inc (OPTT) Details

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia. It offers utility scale PowerBuoy system to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations. The company sells its products to public utilities, independent power producers, and other governmental entities and agencies, as well as public and private entities that use electricity in and near the ocean. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Pennington, New Jersey.

ocean power technologies inc (OPTT) Top Compensated Officers

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ocean power technologies inc (OPTT) Key Developments

Ocean Power Technologies, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2014

Ocean Power Technologies, Inc. announced consolidated earnings results for the fourth quarter and full year ended April 30, 2014. For the quarter, the company announced revenues of $374,735 compared to $407,881 for the same period a year ago. Operating loss was $3,363,350 compared to $4,087,718 for the same period a year ago. Loss before income taxes was $3,309,138 compared to $4,173,069 for the same period a year ago. Net loss was $3,309,138 compared to $4,173,069 for the same period a year ago. Net loss attributable to the company was $3,208,875 compared to $4,128,473 for the same period a year ago. Basic and diluted net loss per share was $0.21 compared to $0.40 for the same period a year ago. For the full year, the company announced revenues of $1,498,892 compared to $3,616,129 for the same period a year ago. Operating loss was $13,150,309 compared to $16,319,215 for the same period a year ago. Loss before income taxes was $12,936,949 compared to $16,276,254 for the same period a year ago. Net loss was $11,191,054 compared to $14,823,011 for the same period a year ago. Net loss attributable to the company was $10,969,192 compared to $14,681,837 for the same period a year ago. Basic and diluted net loss per share was $0.91 compared to $1.42 for the same period a year ago. Net cash used in operating activities was $6,497,078 compared to $10,845,648 for the same period a year ago. Purchases of equipment were $27,268 compared to $394,632 for the same period a year ago.

Robbins Geller Rudman & Dowd LLP Files Class Action Suit against Ocean Power Technologies, Inc

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Ocean Power Technologies, Inc. common stock during the period between January 14, 2014 and July 14, 2014 (the Class Period), including purchasers in Ocean Power's April 3, 2014 follow-on public stock offering (Follow-on Offering) at $3.10 per share. The complaint charges Ocean Power and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Ocean Power develops and is seeking to commercialize proprietary systems that generate electricity by harnessing the renewable energy of ocean waves.

Levi & Korsinsky, LLP Files Class Action Against Ocean Power Technologies, Inc

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of investors who purchased Ocean Power Technologies, Inc. common stock between January 14, 2013 and June 9, 2014. The complaint alleges that throughout the Class Period defendants made materially false and misleading statements and/or omitted materially adverse facts regarding the Company's business, operations, and prospects.

 

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Price/Sales 14.0x
Price/Book 0.9x
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