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Ocean Power Technologies Company Snapshot
Ocean Power Technologies, Inc. is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies that convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company focuses on developing its PowerBuoy product line, which is based on modular, ocean-going buoys. Its autonomous PowerBuoy generates power for use in remote locations, independent of an existing power grid. The Company focuses on developing and commercializing its PowerBuoy products and services for use in autonomous power applications. The Company markets its PowerBuoys in the United States and internationally. The autonomous PowerBuoy integrates a power take-off (PTO) and onboard system for energy storage and management. Its PowerBuoy product is the PB3. PB3 can act as an uninterruptable power supply (UPS), which recharges itself by harvesting energy from the waves.

Sales Analysis. Sales were up sharply during the third calendar quarter of 2021 versus the previous year's third quarter. During the third calendar quarter of 2021, sales at Ocean Power Technologies totalled $272,000.00 . This is an increase of 60.9% from the $169,000.00 in sales at the company during the third quarter of 2020. During the first three quarters of 2021, sales totalled $1.19 million, which is 17.6% lower than through the first three calendar quarters of 2020. Ocean Power Technologies reported sales of $1.21 million for the fiscal year ending April of 2021. This represents a sharp decrease of 28.3% versus 2020, when the company's sales were $1.68 million.
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Ocean Power Technologies
  Stock Performance Chart for Ocean Power Technologies
  Stock Data: Recent Stock Performance:
  Current Price (10/22/2021): 2.04
(Figures in U.S. Dollars)
1 Week -2.4%   13 Weeks -4.2%  
4 Weeks 3.6%   52 Weeks -5.3%  
Ocean Power Technologies Key Data:
  Ticker: OPTT Country: United States
  Exchanges: NAS FRA LON Major Industry: Utilities
    Sub Industry: Electric Services
  2021 Sales 1,206,000
(Year Ending Jan 2022).
Employees: 30
  Currency: U.S. Dollars Market Cap: 106,971,421
  Fiscal Yr Ends: April Shares Outstanding: 52,436,971
  Share Type: Common Closely Held Shares: 30,478
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