Ocean Power Technologies
Boats & Submarines · New Jersey, United States · 51-200 Employees
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Overview
Headquarters
28 Engelhard Dr Ste B, Monroe Township, ...Phone Number
(609) 730-0400Revenue
<$5 MillionStock Symbol
OPTTIndustry
ZI Rank: 1
Signal Type
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ZI Rank
1
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About Ocean Power Technologies
Ocean Power Technologies is a renewable energy and maritime technology company that develops autonomous systems powered by ocean waves and other renewable sources. Its solutions combine energy generation, data collection, and communication capabilities to support offshore operations in sectors such as defense, energy, and research. Independent observers view the company as part of the growing ocean-tech and clean energy ecosystem, providing innovative platforms that enable remote monitoring, sustainable power delivery, and improved operational efficiency in challenging marine environments.Explore more
Ocean Power Technologies Org Chart
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Revenue
Number of Employees
Type
Funding
Founded In
Company Profile Activity
Activity Insights
Ocean Power Technologies is experiencing very low activity levels compared to other companies in the Manufacturing sector.
What does this means?
Ocean Power Technologies is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Ocean Power Technologies.
Ocean Power Technologies financials insights
Gather financial insights about Ocean Power Technologies, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Other Financing Round
$900K
Private Equity
$12.5M
2021
Grant
$1M
2026
Debt
$10M
Ocean Power Technologies Tech Stack
A closer look at the technologies used by Ocean Power Technologies
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Most Recent Scoops
Project
Ocean Power Technologies has partnered with Anduril on the U.S. Coast Guard project to integrate sensor and data fusion capabilities into Anduril's operating systems, with Ocean Power Technologies participating as a peer partner rather than a subcontractor.
Project
IT Audit / Compliance, Information Security, Data Management, Compliance, Cyber Security, Security, Certifications
Earnings
Ocean Power Technologies has reported a gross loss of $8.1 million for fiscal 2026, compared to a gross profit of $1.7 million in the prior fiscal year, primarily reflecting project mix and certain strategic contracts accepted at lower margins.
Earnings, Finance
Earnings
Ocean Power Technologies has reported combined cash, cash equivalents, and short-term investments of $8.7 million as of April 30, 2026, compared to $6.7 million at the beginning of fiscal 2026, with net cash used in operating activities of approximately $22.7 million for the fiscal year, compared to $18.6 million in fiscal 2025.
Accounting, Financial Reporting, Finance
Earnings
Earnings, Finance
Ocean Power Technologies News & Media
Ocean Power Technologies, Inc. Provides Required Disclosure
MONROE TOWNSHIP, N.J., Aug. 21, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, announced that its Financial Statements included in its Annual Report on Form 10-K for the year ended April 30, 2026, contained an audit report from its Independent Registered Public Accounting Firm with an explanatory paragraph emphasizing a going concern qualification. Release of thiOcean Power Technologies, Inc. Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K
MONROE TOWNSHIP, N.J., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, announced that on August 14, 2026, it received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American (the “Exchange”) under the timely filing criteria set forth in Section 1007 of the NYSEOcean Power Technologies Provides Update to Previously Announced Preliminary Fiscal 2026 Financial Results
MONROE TOWNSHIP, N.J., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or the "Company") (NYSE American: OPTT), a leader in maritime operational infrastructure, autonomous ocean systems, and AI-enabled maritime intelligence solutions, today provided an update to the preliminary financial results previously announced on July 23, 2026.Ocean Power Technologies Initiates Review of Strategic Alternatives
MONROE TOWNSHIP, N.J., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, today announced that that its Board of Directors has initiated a review of strategic alternatives with the goal of maximizing value for its stockholders.
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Ocean Power Technologies is a renewable energy and maritime technology company that develops autonomous systems powered by ocean waves and other renewable sources. Its solutions combine energy generation, data collection, and communication capabilities to support offshore operations in sectors such as defense, energy, and research. Independent obse... Read More
