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Ocean Power Technologies, Inc. (OPTT) Q1 2025 Earnings Call Transcript

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Ocean Power Technologies expands pipeline, progresses towards profitability during fiscal Q1

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it made significant further progress towards achieving profitability during the fiscal first...…

Ocean Power Technologies, Inc. Announces First Quarter Fiscal 2025 Results

Operating expenses decrease by 39%, reducing operating loss and lower cash burn as OPT achieves further progress on its Path…

Ocean Power Technologies wins $1M follow-on contract after navy project success

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has secured a $1 million follow-on contract as a subcontractor to EpiSci following…

Ocean Power Technologies completes AI-capable Merrow PowerBuoy

Ocean Power Technologies Inc (NYSE-A:OPTT) told investors it has achieved a key milestone with the completion of its AI-capable Merrows™…

Ocean Power Technologies completes unmanned surface vehicle for Latin America customer

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed the build of an unmanned surface vehicle for a survey…

Ocean Power Technologies wraps up long-term PowerBuoy deployment off New Jersey coast

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed more than four months of offshore testing of its Next…

Ocean Power Technologies secures new contract with Naval Postgraduate School to enhance maritime awareness

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has secured another contract from the Naval Postgraduate School (NPS) in Monterey, California.…

Ocean Power Technologies CEO recaps busy summer of milestone achievements

Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Phillip Stratmann joined Proactive to discuss the provider of intelligent maritime solutions and services’...…

Ocean Power Technologies to Report Fiscal 2025 First Quarter Results on September 16, 2024

MONROE TOWNSHIP, N.J., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American:…

Ocean Power Technologies expands global footprint with new reseller agreements

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has signed four new reseller agreements for its intelligent maritime solutions which will…

Ocean Power Technologies Issues Stockholder Vote and Meeting Reminder

MONROE TOWNSHIP, N.J., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or…

Ocean Power Technologies files patent for docking and recharging buoy technology

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has filed a patent for its docking and recharging buoy technology specifically designed…

Ocean Power Technologies inks reseller agreement with Geos Telecom

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has signed a reseller agreement with Geos Telecom, a maritime communication and navigation…

Ocean Power Technologies, Inc. (OPTT) Q4 2024 Earnings Call Transcript

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Ocean Power Technologies doubles revenues in ‘landmark’ fiscal 2024

Ocean Power Technologies Inc (NYSE-A:OPTT) has reported significant year-over-year improvements in revenue and profits for fiscal 2024. For the year…

Ocean Power Technologies, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Results

Significant Improvement in Revenue and Gross Margin Significant Improvement in Revenue and Gross Margin…

Ocean Power Technologies makes waves with key maritime domain awareness solution contract

Ocean Power Technologies Inc (NYSE-A:OPTT) is seeing continued strong demand for its AI-powered Maritime Domain Awareness Solution Merrows, this week...…

Ocean Power Technologies CEO Philipp Stratmann Announces Contract for AI-Enhanced PowerBuoy

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Ocean Power Technologies lands new contract in Middle East

Ocean Power Technologies Inc (NYSE-A:OPTT) told investors it has won a contract in the Middle East for the delivery of…

Ocean Power Technologies and AltaSea forge partnership to advance sustainable ocean initiatives

Ocean Power Technologies Inc (NYSE-A:OPTT) has entered into a Memorandum of Understanding (MOU) with AltaSea at the Port of Los…

Ocean Power Technologies teams up with AltaSea in Los Angeles

Ocean Power Technologies Inc (NYSE-A:OPTT) has entered into a memorandum of understanding (MOU) with AltaSea, an ocean technology campus at…

Ocean Power Technologies teams up with SES to accelerate revenue growth

Ocean Power Technologies Inc (NYSE-A:OPTT) has inked a reseller agreement with Survey Equipment Services Inc (SES), a specialist in the…

Ocean Power Technologies shares gain following team up with SES

Ocean Power Technologies Inc (NYSE-A:OPTT) has inked a reseller agreement with Survey Equipment Services Inc (SES), a specialist in the…

Ocean Power Technologies shares soar on Unique Group partnership

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has partnered with Unique Group to deploy its WAM-V Unmanned Surface Vehicles (USVs)…

Ocean Power Technologies CEO discusses new US government contract, growth strategy

It’s been a significant week for intelligent maritime solutions and services provider Ocean Power Technologies Inc (NYSE-A:OPTT). It announced the…

Ocean Power Technologies and Teledyne Marine partner to drive maritime innovation

Ocean Power Technologies Inc (NYSE-A:OPTT) announced the signing of an Original Equipment Manufacturer (OEM) agreement with Teledyne Marine, a division of...…

Ocean Power Technologies unveils contract to deliver multiple WAM-Vs to US government

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has reached an agreement in principle on a sole source contract award for…

Ocean Power Technologies unveils contract to deliver multiple WAM-Vs to US government department

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has reached an agreement in principle on a sole source contract award for…

Ocean Power Technologies unveils contract to deliver multiple WAM-Vs to US government, shares surge

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has reached an agreement in principle on a sole source contract award for…

Ocean Power Technologies named preferred supplier for Merrows buoy in the Middle East

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has been selected as preferred supplier for a PowerBuoy equipped with its AI-Maritime…

Ocean Power Technologies expands services with new 24/7 global support offering

Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the launch of its Global 24/7 Service Support which will offer its customers…

Ocean Power Technologies delivers first unmanned surface vehicles to Sulmara

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it had delivered the first set of new unmanned surface vehicles (USVs) to Sulmara,…

Ocean Power Technologies wins new contract with offshore construction contractor

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been awarded a contract for the immediate delivery of a Wave Adaptive Modular Vessel...…

Ocean Power Technologies wins contract for unmanned surface vehicle with offshore construction contractor

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been awarded a contract for the immediate delivery of a Wave Adaptive Modular Vessel...…

Ocean Power Technologies CEO talks unmanned surface vehicle demonstration milestone

Ocean Power Technologies Inc (NYSE-A:OPTT) recently completed a demonstration of several simultaneously deployed Wave Adaptive Modular Vehicles (WAM-Vs) for...…

Ocean Power Technologies ready to deploy AI solution in hot climates

Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the completion of engineering for its Merrows solution to be deployed in hot…

Ocean Power Technologies achieves major milestone with WAM-Vs deployment for government department

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it concluded the operation of several simultaneously deployed Wave Adaptive Modular Vehicles (WAM-Vs)...…

Ocean Power Technologies achieves major milestone with WAM-Vs deployment for government

Ocean Power Technologies Inc (NYSE-A:OPTT) announced it concluded the operation of several simultaneously deployed Wave Adaptive Modular Vehicles (WAM-Vs)...…

Ocean Power Technologies Demonstrates Advanced Counter Unmanned Underwater Vehicle Capability

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Ocean Power Technologies displays unmanned underwater vessel capability

Ocean Power Technologies Inc (NYSE-A:OPTT) has successfully publicly demonstrated capabilities of its counter-unmanned underwater vehicle. Ocean Power said...…

Ocean Power Technologies celebrates renewable energy production milestone

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it is nearing 15MWh of renewable energy production from its family of PowerBuoys,…

Ocean Power Technologies a founding member of new robotics and autonomous systems consortium

Ocean Power Technologies Inc (NYSE-A:OPTT) is a founding member of a new consortium led by drone maker Red Cat which aims…

Ocean Power Technologies conducts customer demonstrations of maritime domain awareness solution Merrows

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed several offshore demonstrations of its artificial intelligence-capable maritime...…

Ocean Power Technologies awarded multi-year ProTech IDIQ contract

Ocean Power Technologies Inc (NYSE-A:OPTT) has been selected as part of a team awarded the National Oceanic and Atmospheric Administration…

Ocean Power Technologies to present at NATO Digital Ocean Industry Symposium

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that its chief commercial officer Matt Burdyny will be presenting at the Digital Ocean…

Ocean Power Technologies looks to expand growth teaming with major defense contractor

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Ocean Power Technologies teams up with major defense contractor

Ocean Power Technologies Inc (NYSE-A:OPTT) has signed a teaming agreement with a major international defense contractor. The marine power and…

Ocean Power Technologies teams with Red Cat to provide advanced maritime defence solutions

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Ocean Power Technologies partners with Red Cat to enhance its maritime platforms

Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) announced that it has entered into a strategic partnership with drone technology firm Red…