Value20202021202220232024TTMSelling/general/admin expenses7.77 M——700 K1 M1.58 MResearch & development4.75 M——7.7 M3.6 M3.3 MOperating income13.59 M21.61 M29.22 M29.33 M21.69 M30.5 MNon-Operating Income, Total98 K454 K281 K2 00045 K—Interest expense, net of interest capitalized——————Non-Operating Income, excl. Interest Expenses15 K394 K281 K2 00045 K—Unusual income/expense83 K60 K————Pretax income14.76 M20.7 M26.6 M28.74 M22.55 M32.39 MEquity in earnings——————Taxes01.82 M278 K1.25 M1.03 M1.03 MNon-controlling/minority interest——————After tax other income/expense——————Net income before discontinued operations14.76 M18.87 M26.3 M27.5 M21.5 M31.36 MDiscontinued operations——————Net income14.76 M18.87 M26.3 M27.5 M21.5 M31.36 MDilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders14.76 M18.87 M26.3 M27.5 M21.5 M31.36 MBasic earnings per share (Basic EPS)—-0.35-0.47-0.47-0.17-0.18Diluted earnings per share (Diluted EPS)—0.35-0.47-0.47-0.17-0.18Average basic shares outstanding—54.01 M56 M59.03 M126.91 M630.99 MDiluted shares outstanding—54.01 M56 B59.03 M126.91 M630.99 MEBITDA-13.32 M-21.34 M-29.03 M-28.91 M-20.78 M-29.45 MEBIT-13.47 M-21.49 M-29.22 M-29.33 M-21.69 M-30.5 MCost of revenue2.28 M1.86 M2.5 M2.7 M4.2 M4.73 MOther cost of goods sold——————Depreciation & amortization (cash flow)143 K144 K183 K420 K903 K1.04 M
Ocean Power Technologies Inc
Ocean Power Technologies is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept has been problematic.
Ocean Power was involved in several large PowerBuoy projects, including a very large Australian project with Lockheed Martin from 2012–2014, when they determined that "the project wasn’t 'commercially viable,' and [the company] changed its strategy. It has since commercialized the technology by providing power and communications to remote sites such as offshore oil fields."
Ocean Power Technologies Australasia Pty Ltd, OPTA is an Australian-owned subsidiary of Ocean Power Technologies Inc, previously engaged in wave power projects in Australia. Ocean Power Technologies Limited is the UK-based wholly owned subsidiary.