Ocean Power Technologies Files Q2 FY25 10-Q
Ticker: OPTT · Form: 10-Q · Filed: Dec 16, 2024 · CIK: 1378140
Sentiment: neutral
Topics: 10-Q, earnings-update, financials
Related Tickers: OPTT
TL;DR
OPT files Q2 FY25 10-Q. Financials updated.
AI Summary
Ocean Power Technologies, Inc. filed its 10-Q for the period ending October 31, 2024. The filing covers the second quarter of fiscal year 2025. Key financial data and operational details for this period are presented, though specific dollar amounts for revenue, net income, or assets are not detailed in this header information.
Why It Matters
This filing provides investors with an update on Ocean Power Technologies' financial health and operational performance for the second quarter of fiscal year 2025.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures, but the underlying business of Ocean Power Technologies involves significant technological and market risks.
Key Numbers
- FY25 — Fiscal Year (The reporting period is Q2 of fiscal year 2025.)
- 2024-10-31 — Period End Date (The 10-Q covers financial information up to this date.)
Key Players & Entities
- Ocean Power Technologies, Inc. (company) — Filer of the 10-Q
- 20241031 (date) — End of the reporting period
- 20241216 (date) — Filing date
- 0001378140 (company) — Central Index Key for Ocean Power Technologies, Inc.
FAQ
What were Ocean Power Technologies' total revenues for the quarter ended October 31, 2024?
The provided header information does not contain specific revenue figures for the quarter ended October 31, 2024.
What was Ocean Power Technologies' net income or loss for the period?
Specific net income or loss figures are not available in the header details of this 10-Q filing.
What is the company's cash and cash equivalents balance as of October 31, 2024?
The header information does not specify the cash and cash equivalents balance as of October 31, 2024.
What were the significant business developments or operational highlights for Ocean Power Technologies during the second quarter of FY2025?
The header information does not detail specific business developments or operational highlights for the period.
Has Ocean Power Technologies entered into any new material contracts or agreements during the reporting period?
Information regarding new material contracts or agreements is not present in the provided header data.
Filing Stats: 4,643 words · 19 min read · ~15 pages · Grade level 18.9 · Accepted 2024-12-16 16:15:40
Key Financial Figures
- $0.001 — ange on which registered Common Stock $0.001 par value OPTT NYSE American Seri
- $000 — ies Consolidated Balance Sheets (in $000's, except share data) October 31, 202
Filing Documents
- form10-q.htm (10-Q) — 1089KB
- ex31-1.htm (EX-31.1) — 16KB
- ex31-2.htm (EX-31.2) — 16KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-050220.txt ( ) — 5692KB
- optt-20241031.xsd (EX-101.SCH) — 45KB
- optt-20241031_cal.xml (EX-101.CAL) — 74KB
- optt-20241031_def.xml (EX-101.DEF) — 154KB
- optt-20241031_lab.xml (EX-101.LAB) — 349KB
- optt-20241031_pre.xml (EX-101.PRE) — 264KB
- form10-q_htm.xml (XML) — 876KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements: Consolidated Balance Sheets as of October 31, 2024 (unaudited) and April 30, 2024 4 Unaudited Consolidated Statements of Operations for the three and six months ended October 31, 2024 and 2023 5 Unaudited Consolidated Statements of Comprehensive Loss for the three and six months ended October 31, 2024 and 2023 6 Unaudited Consolidated Statement of Shareholders' Equity for the three and six months ended October 31, 2024 and 2023 7 Unaudited Consolidated Statements of Cash Flows for the six months ended October 31, 2024 and 2023 9 Notes to Unaudited Consolidated Financial Statements 10
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 28
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 44
Controls and Procedures
Item 4. Controls and Procedures 44
— OTHER INFORMATION
PART II — OTHER INFORMATION 45
Legal Proceedings
Item 1. Legal Proceedings 45
Risk Factors
Item 1A. Risk Factors 45
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 45
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 45
Other Information
Item 5. Other Information 46
Exhibits
Item 6. Exhibits 46 2 Table of Contents Special Note Regarding Forward-Looking Statements We have made statements in this Quarterly Report on Form 10-Q that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. Forward-looking liquidity, budgets, projected revenue and costs, plans and objectives of management for future operations. The words "may," "continue," "estimate," "intend," "plan," "will," "believe," "project," "expect," "anticipate", and similar expressions may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. The forward-looking statements contained in or incorporated by reference are largely based on our expectations, which reflect estimates and assumptions made by management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve several risks and uncertainties that are beyond our control, including: our ability to improve, market and commercialize our products, and achieve and sustain profitability; our continued improvement of our proprietary technologies, and expected continued use of cash from operating activities unless or until we achieve positive cash flow from the commercialization of our products and services; our ability to obtain additional funding, as and if needed, which will be subject to several factors, including market conditions, our financial condition and our operating performance; the substantial doubt about our ability to continue as a going concern; our history of operating losses,