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Ocean Power Technologies

Ocean Power Technologies

Revenue

$1.8 M

FY, 2022

Market Capitalization

$37.2 M

2022-11-18

Ocean Power Technologies Summary

Company summary

Overview
Ocean Power Technologies (O.P.T.) is a renewable energy company, providing power generation devices, services, and related equipment for the extraction of energy from ocean waves. OPT specializes in advanced autonomous (not grid connected), cost-effective, and environmentally sound ocean wave based power generation and management technology. The PowerBuoy system integrates patented technologies in hydrodynamics, electronics, energy conversion, and computer control systems to extract the natural energy in ocean waves. The result is a leading edge, ocean-tested, proprietary autonomous system that turns wave power into reliable, clean, and environmentally beneficial electricity for offshore applications. 
Type
Public
Status
Active
Founded
1984
HQ
Monroe Township, NJ, US | view all locations
Website
http://www.oceanpowertechnologies.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key people

  • George H. Kirby

    George H. Kirby, President, Chief Executive Officer, Executive Director

    • Maurice E. Kordahi

      Maurice E. Kordahi, Vice President, Engineering and Operations

      • Jose H. Vazquez

        Jose H. Vazquez, Vice President, Strategic Consulting Services

        LocationsView all

        4 locations detected

        • Monroe Township, NJ HQ

          United States

          28 Engelhard Dr suite b

        • Houston, TX

          United States

          12848 Queensbury Ln suite 208, office 119

        • Perth, WA

          Australia

        • Warwick, England

          United Kingdom

          Innovation Centre, Gallows Hill

        Ocean Power Technologies Financials

        Summary financials

        Revenue (Q1, 2023)
        $714.0K
        Gross profit (Q1, 2023)
        $194.0K
        Net income (Q1, 2023)
        ($5.9M)
        Cash (Q1, 2023)
        $9.2M
        EBIT (Q1, 2023)
        ($6.0M)
        Enterprise value
        $28.8M

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