Ocean Power Technologies
Pioneer in renewable wave-energy technology that converts ocean wave energy into electricity.
Launch date
Employees
Market cap
$17.7m
Enterprise valuation
$17m (Public information from Sep 2024)
Share price
$0.18 OPTT
Pennington New Jersey (HQ)
Financials
Estimates*
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | <1m | <1m | 1.7m | 1.2m | 1.8m | 2.7m | 5.5m |
| % growth | (39 %) | 24 % | 166 % | (28 %) | 46 % | 55 % | 102 % |
| EBITDA | (11.4m) | (13.1m) | (11.0m) | (12.0m) | (21.8m) | (28.6m) | (28.1m) |
| % EBITDA margin | (2238 %) | (2071 %) | (654 %) | (996 %) | (1241 %) | (1045 %) | (509 %) |
| Profit | (10.2m) | (12.2m) | (10.4m) | (14.8m) | (18.9m) | (26.3m) | (27.5m) |
| % profit margin | (1988 %) | (1938 %) | (615 %) | (1224 %) | (1073 %) | (964 %) | (497 %) |
| EV / revenue | 16.6x | -14.1x | -2.8x | 38.9x | 1.1x | -1.9x | 2.0x |
| EV / EBITDA | -0.7x | 0.7x | 0.4x | -3.9x | -0.1x | 0.2x | -0.4x |
| R&D budget | 4.3m | 5.0m | 4.3m | 4.7m | 9.6m | 4.3m | - |
| R&D % of revenue | 845 % | 789 % | 258 % | 394 % | 546 % | 159 % | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
$60.9m | Grant | ||
$5.0m | Grant | ||
* | $1.1m | Grant | |
| N/A | N/A | - | |
* | $1.2m | Grant | |
| Total Funding | $68.2m | ||
Recent News about Ocean Power Technologies
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Investments by Ocean Power Technologies
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ACQUISITION by Ocean Power Technologies Feb 2021
ACQUISITION by Ocean Power Technologies Nov 2021