Ocean Power Technologies Preliminary Q2 2025 Revenue Estimated To Be Greater Than $2M, Compared To $900K For The Same Period Last Year; Net Loss Anticipated Net Loss Of ~$4M, Compared To $7.2M In The Prior Year Period And Representing A YoY Decrease In Net Loss Of More Than 40%
Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE:OPTT), today announced preliminary financial results for the second quarter ended October 31, 2024 (Q2FY25). The preliminary results included in this press release are subject to change and have not been audited or reviewed by our independent auditor. The Company expects to file its second quarter financial results and update in mid‐December.
Preliminary Q2FY25 Financial Highlights
(All figures are preliminary, unaudited, and subject to finalization):
Revenue: Estimated to be greater than $2 million, compared to $0.9 million for the same period last year, representing a more than 2x increase.
Net Loss: Anticipated net loss of approximately $4 million, compared to $7.2 million in the prior year period and representing a year-over-year decrease in net loss of more than 40%.
Cash Used in Operating Activities: Estimated to be less than $4.7 million, compared to $7.5 million in the prior-year period and representing a year-over-year decrease of approximately 40%.
Ocean Power Technologies2025年第二季度初步收入预计将超过200万美元,而去年同期为90万美元;净亏损预计净亏损约400万美元,而去年同期为720万美元,净亏损同比下降40%以上
Ocean Power Technologies公司(“OPT” 或 “公司”)(纽约证券交易所代码:OPTT)今天公布了截至2024年10月31日的第二季度初步财务业绩(Q2FY25)。本新闻稿中包含的初步结果可能会发生变化,尚未经过我们的独立审计师的审计或审查。该公司预计将在12月中旬提交第二季度财务业绩和最新情况。
Q2FY25 初步财务摘要
(所有数据均为初步数据,未经审计,尚待最终确定):
收入:估计将超过200万美元,而去年同期为90万美元,增长了2倍以上。
净亏损:预计净亏损约400万美元,而去年同期为720万美元,净亏损同比下降40%以上。
用于经营活动的现金:估计不到470万美元,而去年同期为750万美元,同比下降约40%。