Ocean Power Technologies (OPTT) Reports Q4 Loss of $0.09

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Ocean Power Technologies, Inc. Announces Fourth Quarter and Full-Year Fiscal 2022 Results

July 13, 2022 4:15 PM EDT

MONROE TOWNSHIP, N.J., July 13, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its fourth quarter and full-year ended April 30, 2022.

Q4 HIGHLIGHTS:

Revenues increased to $756,000 in Q422, driven by growth of Strategic Consulting Services.Continued development of its proprietary next-generation Maritime Domain Awareness ("MDA") solution, configured to provide... More