Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $705K | $843K | $511K | $600K | $1.70M | $1.21M | $1.76M | $2.73M | $5.53M | $5.86M |
| Revenue growth | — | 19.6% | -39.4% | 17.4% | 183.3% | -29.1% | 45.9% | 55.3% | 102.2% | 6.1% |
| Gross profit | $37.0K | -$95.0K | -$252K | -$671K | -$105K | -$1.07M | -$101K | $236K | $2.83M | $1.66M |
| Gross margin | 5.2% | -11.3% | -49.3% | -111.8% | -6.2% | -89.0% | -5.7% | 8.6% | 51.1% | 28.3% |
| Operating income | -$14.9M | -$11.7M | -$11.6M | -$13.3M | -$11.4M | -$13.6M | -$21.6M | -$29.2M | -$29.3M | -$21.7M |
| Operating margin | -2107.5% | -1386.4% | -2262.2% | -2211.8% | -668.5% | -1127.0% | -1225.3% | -1069.4% | -530.9% | -370.0% |
| Net income | -$13.1M | -$9.49M | -$10.2M | -$12.2M | -$10.4M | -$14.8M | -$18.9M | -$26.3M | -$27.5M | -$21.5M |
| Net margin | -1862.3% | -1125.3% | -1987.7% | -2041.0% | -608.9% | -1223.9% | -1073.0% | -963.6% | -497.4% | -367.0% |
| EPS (diluted) | -$7.25 | -$2.23 | -$13.24 | -$9.52 | -$1.44 | -$0.49 | -$0.35 | -$0.47 | -$0.47 | -$0.17 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10.9M | -$10.0M | -$10.7M | -$12.1M | -$10.6M | -$11.7M | -$21.3M | -$21.7M | -$29.8M | -$18.6M |
| Capital expenditures | — | — | — | $54.0K | $65.0K | $26.0K | $145K | $648K | $2.58M | $505K |
| Free cash flow | — | — | — | -$12.2M | -$10.6M | -$11.7M | -$21.4M | -$22.4M | -$32.3M | -$19.1M |
| Share buybacks | $6.00K | $125K | $37.0K | $1.00K | $1.00K | $36.0K | $3.00K | $14.0K | $14.0K | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.73M | $8.42M | $11.5M | $16.7M | $10.0M | $83.0M | $7.88M | $6.88M | $3.15M | $6.71M |
| Total assets | $10.4M | $10.1M | $14.1M | $18.4M | $13.5M | $86.4M | $73.4M | $53.4M | $28.7M | $30.8M |
| Total liabilities | $6.82M | $4.63M | $3.88M | $2.59M | $3.04M | $5.91M | $4.56M | $9.42M | $9.36M | $4.14M |
| Long-term debt | $50.0K | — | — | — | — | $396K | — | — | — | — |
| Shareholders' equity | $3.53M | $5.45M | $10.2M | $15.8M | $10.5M | $80.5M | $68.8M | $44.0M | $19.3M | $26.7M |
| Retained earnings | -$178M | -$187M | -$198M | -$210M | -$220M | -$235M | -$254M | -$280M | -$308M | -$329M |
| Shares (wtd avg diluted) | — | — | — | — | 12.9M | 30.0B | 54.0B | 56.0M | 59.0M | 127M |
Every figure is extracted from Ocean Power Technologies, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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