Ocean Power Technologies (OPTT) Reports Q4 Loss of $0.17/sh

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

July 12, 2023 4:15 PM EDT

MONROE TOWNSHIP, N.J., July 12, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter (4Q23) and full-year ended April 30, 2023 (FY23). Highlights include:

4Q23 HIGHLIGHTS

Total orders for the 4Q23 were $2.3 million, as compared to $0.7 million for the fourth quarter ended April 30, 2022 (4Q22).Revenues for the 4Q23 of $1.0 million grew 29.5% over 4Q22 revenues.In April 2023, OPT completed a... More