Ocean Power Technologies Announces Results for the Fiscal Third Quarter Ended January 31, 2015

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Ocean Power Technologies (OPTT) Reports Wider Q3 Loss of $0.12/Share

March 11, 2015 7:31 AM EDT

Ocean Power Technologies (NASDAQ: OPTT) reported Q3 EPS of ($0.12), versus ($0.06) reported last year. Revenue for the quarter came in at $328.5 thousand, versus $199.6 thousand reported last year.

George H. Kirby, President and Chief Executive of OPT, stated, "I am pleased to report that during the third quarter we successfully completed the relocation and reassembly of the PB40 PowerBuoy in Bayonne, New Jersey. We... More