Ocean Power Technologies Announces Financial Results for Second Quarter Fiscal 2025
Ocean Power Technologies(US:OPTT) Globenewswire·2024-12-16 21:15Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expensesMONROE TOWNSHIP, N.J., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for the second quarter ended October 31, 2024 (Q2FY25). Q2FY25 Financial Highlights Revenue: $2.4 million, compared to $0.9 million for the same period last year, representing a 2.7x increase.Net Loss: $3.9 million, compared to $ ...