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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 145.62
OPTT's Cash-to-Debt is ranked higher than
84% of the 1814 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.01 vs. OPTT: 145.62 )
Ranked among companies with meaningful Cash-to-Debt only.
OPTT' s Cash-to-Debt Range Over the Past 10 Years
Min: 50.04  Med: 116.07 Max: 499.55
Current: 145.62
50.04
499.55
Equity-to-Asset 0.54
OPTT's Equity-to-Asset is ranked higher than
65% of the 1761 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.53 vs. OPTT: 0.54 )
Ranked among companies with meaningful Equity-to-Asset only.
OPTT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17  Med: 0.87 Max: 0.94
Current: 0.54
0.17
0.94
Piotroski F-Score: 3
Altman Z-Score: -26.58
Beneish M-Score: -4.55
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 1/10

vs
industry
vs
history
Operating Margin % -1386.48
OPTT's Operating Margin % is ranked lower than
99% of the 1806 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.06 vs. OPTT: -1386.48 )
Ranked among companies with meaningful Operating Margin % only.
OPTT' s Operating Margin % Range Over the Past 10 Years
Min: -2107.52  Med: -434.07 Max: -288.5
Current: -1386.48
-2107.52
-288.5
Net Margin % -1125.15
OPTT's Net Margin % is ranked lower than
99% of the 1806 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.49 vs. OPTT: -1125.15 )
Ranked among companies with meaningful Net Margin % only.
OPTT' s Net Margin % Range Over the Past 10 Years
Min: -1862.27  Med: -390.92 Max: -263.83
Current: -1125.15
-1862.27
-263.83
ROE % -159.55
OPTT's ROE % is ranked lower than
99% of the 1762 Companies
in the Global Diversified Industrials industry.

( Industry Median: 6.95 vs. OPTT: -159.55 )
Ranked among companies with meaningful ROE % only.
OPTT' s ROE % Range Over the Past 10 Years
Min: -211.39  Med: -42.72 Max: -13.79
Current: -159.55
-211.39
-13.79
ROA % -76.07
OPTT's ROA % is ranked lower than
98% of the 1825 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.45 vs. OPTT: -76.07 )
Ranked among companies with meaningful ROA % only.
OPTT' s ROA % Range Over the Past 10 Years
Min: -92.89  Med: -34.08 Max: -12.9
Current: -76.07
-92.89
-12.9
ROC (Joel Greenblatt) % -5283.91
OPTT's ROC (Joel Greenblatt) % is ranked lower than
99% of the 1818 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.26 vs. OPTT: -5283.91 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
OPTT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5533.71  Med: -2737.54 Max: -2245.02
Current: -5283.91
-5533.71
-2245.02
3-Year Revenue Growth Rate -45.80
OPTT's 3-Year Revenue Growth Rate is ranked lower than
98% of the 1640 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.50 vs. OPTT: -45.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
OPTT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -51.9  Med: -24.3 Max: 12.1
Current: -45.8
-51.9
12.1
3-Year EBITDA Growth Rate -36.50
OPTT's 3-Year EBITDA Growth Rate is ranked lower than
88% of the 1436 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.50 vs. OPTT: -36.50 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
OPTT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -36.5  Med: -4.45 Max: 80.4
Current: -36.5
-36.5
80.4
3-Year EPS without NRI Growth Rate -37.40
OPTT's 3-Year EPS without NRI Growth Rate is ranked lower than
80% of the 1293 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.30 vs. OPTT: -37.40 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
OPTT' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -37.4  Med: -2.75 Max: 162.1
Current: -37.4
-37.4
162.1
GuruFocus has detected 3 Warning Signs with Ocean Power Technologies Inc $OPTT.
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» OPTT's 30-Y Financials

Financials (Next Earnings Date: 2017-10-14 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

OPTT Guru Trades in Q1 2016

Jim Simons 41,570 sh (+71.99%)
» More
Q2 2016

OPTT Guru Trades in Q2 2016

Jim Simons 57,170 sh (+37.53%)
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Q3 2016

OPTT Guru Trades in Q3 2016

Jim Simons 23,670 sh (-58.60%)
» More
Q4 2016

OPTT Guru Trades in Q4 2016

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with OPTT

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Business Description

Industry: Industrial Products » Diversified Industrials    NAICS: 333249    SIC: 3699
Compare:AMEX:ADGE, AMEX:ESNC, NAS:AETI, OTCPK:CCTC, OTCPK:PIOE, OTCPK:IBAL, NAS:WSCI, OTCPK:NVOS, OTCPK:APGI, OTCPK:SENY, TSXV:GGG, NAS:CPST, TSX:NPS, NAS:JASN, OTCPK:ESPH, OTCPK:RDTK, OTCPK:GYTI, OTCPK:EVTN, OTCPK:TNRG, OTCPK:CHGI » details
Traded in other countries:RUOB.Germany,
Headquarter Location:USA
Ocean Power Technologies Inc is engaged in developing systems that generate electricity by harnessing the renewable energy of ocean waves.

Ocean Power Technologies Inc was incorporated under the laws of the State of New Jersey in April 1984 and began commercial operations in 1994. The Company develops and is seeking to commercialize proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. Its PowerBuoy systems use proprietary technologies to convert the mechanical energy created by the rising and falling of ocean waves into electricity. It currently offers and continues to develop two PowerBuoy product lines, which consist of its utility PowerBuoy system and its autonomous PowerBuoy system. It also offers its customers operations and maintenance services for its PowerBuoy systems. In addition, it shall continue to develop and expect to market its undersea substation pod product and undersea power connection infrastructure services to other companies in the marine energy sector. The Company's utility PowerBuoy system is capable of supplying electricity to a local or regional electric power grid and its autonomous PowerBuoy system is designed to generate power for use independent of the power grid in remote locations. The Company engages in two types of manufacturing activities: the manufacturing of the high value-added components, or 'smart part' power take-off modules, for systems control, power generation and power conversion for each PowerBuoy system, and the contracting to outside companies for the fabrication of the buoy-like structure, anchoring and mooring, and cabling. It competes with power generation equipment suppliers in all segments of the electric power industry, including wave energy, other forms of renewable energy and traditional fossil fuel. The electric power industry is subject to extensive regulation, which varies by jurisdiction.

Top Ranked Articles about Ocean Power Technologies Inc

Ocean Power Technologies Announces PB3 Commercial PowerBuoy® Performance off Kozu-Island, Japan After Eight Weeks of Deployment
Ocean Power Technologies, Inc. Announces Closing of Public Offering of Common Stock
Ocean Power Technologies, Inc. Prices Offering of 5,385,000 Shares of Common Stock
Ocean Power Technologies Announces the Deployment of its PB3 PowerBuoy in Japan
Ocean Power Technologies Announces Manufacturing Expansion and Relocation of Its Corporate Headquarters
Ocean Power Technologies to Exhibit its PB3 Commercial PowerBuoy at Offshore Technology Conference in Houston TX
Ocean Power Technologies to Present at the 29th Annual Roth Capital Partners Conference on March 14, 2017

PENNINGTON, N.J., March 09, 2017 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced today announced that George Kirby, President and Chief Executive Officer, and Matthew Shafer, Chief Financial Officer and Treasurer, will present at the 29th Annual Roth Capital Partners Conference at The Ritz Carlton in Dana Point, California on Tuesday, March 14, 2017.  The presentation is scheduled to begin at 5:30pm PDT (8:30pm EDT). A live audio webcast of the Company's presentation will be available at the following link: http://wsw.com/webcast/roth31/optt with a replay available after the teleconference for one year.  Additionally, the webcast and replay will also be available on the Investor Relations sections of the Company's website at www.oceanpowertechnologies.com.
About Ocean Power Technologies
Headquartered in Pennington, New Jersey, Ocean Power Technologies (NASDAQ:OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. OPT has developed and is seeking to commercialize its proprietary PowerBuoy® technology, which is based on a modular design and has undergone periodic ocean testing since 1997. OPT specializes in designing cost-effective, and environmentally sound ocean wave based power generation and management technology.
Forward-Looking Statements
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the SEC for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Company Contact:
Matthew T. Shafer
Chief Financial Officer of OPT
Phone: 609-730-0400

Investor Relations Contact:
Andrew Barwicki
Barwicki Investor Relations Inc.
Phone: 516-662-9461

Read more...

Ratios

vs
industry
vs
history
PB Ratio 1.42
OPTT's PB Ratio is ranked higher than
72% of the 1726 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.87 vs. OPTT: 1.42 )
Ranked among companies with meaningful PB Ratio only.
OPTT' s PB Ratio Range Over the Past 10 Years
Min: 0.4  Med: 0.98 Max: 10.82
Current: 1.42
0.4
10.82
PS Ratio 5.73
OPTT's PS Ratio is ranked lower than
85% of the 1770 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.27 vs. OPTT: 5.73 )
Ranked among companies with meaningful PS Ratio only.
OPTT' s PS Ratio Range Over the Past 10 Years
Min: 1.79  Med: 8.56 Max: 53.13
Current: 5.73
1.79
53.13
EV-to-EBIT -0.62
OPTT's EV-to-EBIT is ranked lower than
99.99% of the 1483 Companies
in the Global Diversified Industrials industry.

( Industry Median: 16.84 vs. OPTT: -0.62 )
Ranked among companies with meaningful EV-to-EBIT only.
OPTT' s EV-to-EBIT Range Over the Past 10 Years
Min: -5.1  Med: -0.2 Max: 2.5
Current: -0.62
-5.1
2.5
EV-to-EBITDA -0.63
OPTT's EV-to-EBITDA is ranked lower than
99.99% of the 1555 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.86 vs. OPTT: -0.63 )
Ranked among companies with meaningful EV-to-EBITDA only.
OPTT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -5.2  Med: -0.3 Max: 2.6
Current: -0.63
-5.2
2.6
Current Ratio 2.12
OPTT's Current Ratio is ranked higher than
70% of the 1794 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.90 vs. OPTT: 2.12 )
Ranked among companies with meaningful Current Ratio only.
OPTT' s Current Ratio Range Over the Past 10 Years
Min: 1.58  Med: 6.16 Max: 18.57
Current: 2.12
1.58
18.57
Quick Ratio 2.12
OPTT's Quick Ratio is ranked higher than
81% of the 1793 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.33 vs. OPTT: 2.12 )
Ranked among companies with meaningful Quick Ratio only.
OPTT' s Quick Ratio Range Over the Past 10 Years
Min: 1.58  Med: 6.16 Max: 18.57
Current: 2.12
1.58
18.57
Days Sales Outstanding 20.78
OPTT's Days Sales Outstanding is ranked lower than
85% of the 1401 Companies
in the Global Diversified Industrials industry.

( Industry Median: 78.95 vs. OPTT: 20.78 )
Ranked among companies with meaningful Days Sales Outstanding only.
OPTT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.16  Med: 77.8 Max: 1313.48
Current: 20.78
9.16
1313.48
Days Payable 228.03
OPTT's Days Payable is ranked higher than
71% of the 1373 Companies
in the Global Diversified Industrials industry.

( Industry Median: 65.11 vs. OPTT: 228.03 )
Ranked among companies with meaningful Days Payable only.
OPTT' s Days Payable Range Over the Past 10 Years
Min: 27.58  Med: 70.02 Max: 228.03
Current: 228.03
27.58
228.03

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -52.70
OPTT's 3-Year Average Share Buyback Ratio is ranked lower than
95% of the 1006 Companies
in the Global Diversified Industrials industry.

( Industry Median: -1.60 vs. OPTT: -52.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
OPTT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -52.7  Med: -20.1 Max: 0
Current: -52.7
-52.7
0

Valuation & Return

vs
industry
vs
history
Price-to-Net-Cash 2.03
OPTT's Price-to-Net-Cash is ranked higher than
98% of the 284 Companies
in the Global Diversified Industrials industry.

( Industry Median: 14.67 vs. OPTT: 2.03 )
Ranked among companies with meaningful Price-to-Net-Cash only.
OPTT' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0.72  Med: 1.39 Max: 2.54
Current: 2.03
0.72
2.54
Price-to-Net-Current-Asset-Value 1.51
OPTT's Price-to-Net-Current-Asset-Value is ranked higher than
93% of the 1149 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.02 vs. OPTT: 1.51 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
OPTT' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.68  Med: 1.33 Max: 2.26
Current: 1.51
0.68
2.26
Price-to-Tangible-Book 1.43
OPTT's Price-to-Tangible-Book is ranked higher than
73% of the 1640 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.04 vs. OPTT: 1.43 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
OPTT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.65  Med: 1.12 Max: 1.72
Current: 1.43
0.65
1.72
Price-to-Median-PS-Value 0.67
OPTT's Price-to-Median-PS-Value is ranked higher than
91% of the 1715 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.22 vs. OPTT: 0.67 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
OPTT' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.28  Med: 0.87 Max: 5.12
Current: 0.67
0.28
5.12
Earnings Yield (Greenblatt) % -161.80
OPTT's Earnings Yield (Greenblatt) % is ranked lower than
100% of the 1820 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.59 vs. OPTT: -161.80 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
OPTT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -28274.6  Med: -45.7 Max: 38690.7
Current: -161.8
-28274.6
38690.7

More Statistics

Revenue (TTM) (Mil) $0.84
EPS (TTM) $ -2.73
Beta5.84
Short Percentage of Float34.04%
52-Week Range $1.21 - 15.65
Shares Outstanding (Mil)12.57
» More Articles for OPTT

Headlines

Articles On GuruFocus.com
Ocean Power Technologies Announces PB3 Commercial PowerBuoy® Performance off Kozu-Island, Japan A Jun 12 2017 
Ocean Power Technologies, Inc. Announces Closing of Public Offering of Common Stock May 02 2017 
Ocean Power Technologies, Inc. Prices Offering of 5,385,000 Shares of Common Stock Apr 27 2017 
Ocean Power Technologies Announces the Deployment of its PB3 PowerBuoy in Japan Apr 21 2017 
Ocean Power Technologies Announces Manufacturing Expansion and Relocation of Its Corporate Headquart Apr 06 2017 
Ocean Power Technologies to Exhibit its PB3 Commercial PowerBuoy at Offshore Technology Conference i Apr 04 2017 
Ocean Power Technologies to Present at the 29th Annual Roth Capital Partners Conference on March 14, Mar 09 2017 
Ocean Power Technologies Inc. Reports Operating Results (10-Q) Mar 14 2011 
Ocean Power Technologies Inc. (OPTT) CEO Charles F Dunleavy sells 2,010 Shares Jan 19 2011 
Ocean Power Technologies Inc. (OPTT) Executive Chairman George W Taylor sells 34,000 Shares Jan 18 2011 

More From Other Websites
Edited Transcript of OPTT earnings conference call or presentation 17-Jul-17 7:30pm GMT Jul 18 2017
Ocean Power Technologies, Inc. :OPTT-US: Earnings Analysis: Q4, 2017 By the Numbers : July 18, 2017 Jul 18 2017
Ocean Power Technologies Announces Results for the Fiscal Fourth Quarter and Full Year Ended April... Jul 14 2017
Ocean Power Technologies Announces PB3 Commercial PowerBuoy® Performance off Kozu-Island, Japan... Jun 12 2017
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Ocean Power Technologies, Inc. for... May 18 2017
Ocean Power Technologies, Inc. Announces Closing of Public Offering of Common Stock May 02 2017
Ocean Power Technologies, Inc. Prices Offering of 5,385,000 Shares of Common Stock Apr 27 2017
Ocean Power Technologies and Real Goods Solar were Monday's Explosive Movers on the NASDAQ Apr 25 2017
Ocean Power Technologies Wins Big After Japanese PowerBuoy Deployment Apr 24 2017
Ocean Power Technologies, Inc. :OPTT-US: Earnings Analysis: Q3, 2017 By the Numbers : March 22, 2017 Mar 22 2017
Energy Sector Fell Due to Higher Oil Inventories Mar 09 2017
Ocean Power Technologies, Inc. :OPTT-US: Earnings Analysis: Q2, 2017 By the Numbers : December 19,... Dec 19 2016

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