Ocean Power Technologies (OPTT) Reports Q2 Loss of $0.09/sh

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Ocean Power Technologies, Inc. Announces Second Quarter Fiscal 2023 Results

December 14, 2022 4:00 PM EST

MONROE TOWNSHIP, N.J., Dec. 14, 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 second quarter ended October 31, 2022 (2Q23).

2Q23 HIGHLIGHTS:

Total orders for the 2Q23 were $2.3 million, as compared to $0.1 million for the second quarter ended October 31, 2021 (2Q22). Total orders for the six months ended 2Q23 were $2.9 million, comparing favorably to total orders of... More