Ocean Power Technologies, Inc. (OPTT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 513K | 424K | 1.18M | 1.32M | 825K | 2.42M | 1.3M | 1.57M | 1.79M | 889K | 1.27M | 980K | 734K | 303K | 714K | 756K | 484K | 247K | 272K | 601K |
| Revenue Growth % | -37.82% | -82.46% | -9.15% | -16.22% | -53.96% | 171.99% | 2.28% | 60.41% | 144.14% | 193.4% | 78.15% | 29.63% | 51.65% | 22.67% | 162.5% | 25.79% | 52.68% | 109.32% | 60.95% | 9.07% |
| Cost of Goods Sold | 1.27M | 1.8M | 1.21M | 1.1M | 628K | 1.62M | 854K | 710K | 979K | 401K | 609K | 1.11M | 598K | 264K | 520K | 800K | 597K | 300K | 423K | 1.03M |
| COGS % of Revenue | 247.17% | 425.47% | 101.95% | 83.22% | 76.12% | 67.12% | 65.64% | 45.17% | 54.63% | 45.11% | 47.88% | 113.67% | 81.47% | 87.13% | 72.83% | 105.82% | 123.35% | 121.46% | 155.51% | 171.55% |
| Gross Profit | -755K | -1.38M | -23K | 221K | 197K | 795K | 447K | 862K | 813K | 488K | 663K | -134K | 136K | 39K | 194K | -44K | -113K | -53K | -151K | -430K |
| Gross Margin % | -147.17% | -325.47% | -1.95% | 16.78% | 23.88% | 32.88% | 34.36% | 54.83% | 45.37% | 54.89% | 52.12% | -13.67% | 18.53% | 12.87% | 27.17% | -5.82% | -23.35% | -21.46% | -55.51% | -71.55% |
| Gross Profit Growth % | -483.25% | -273.58% | -105.15% | -74.36% | -75.77% | 62.91% | -32.58% | 743.28% | 497.79% | 1151.28% | 241.75% | -204.55% | 220.35% | 173.58% | 228.48% | 89.77% | 70.34% | 45.92% | 8.48% | -534.34% |
| Operating Expenses | 8.36M | 8.74M | 7.05M | 7.64M | 6.07M | 4.71M | 4.92M | 7.58M | 8.55M | 8M | 8.1M | 9.75M | 6.82M | 6.41M | 6.32M | 5.8M | 5.44M | 5.13M | 4.88M | 3.59M |
| OpEx % of Revenue | 1630.21% | 2062.03% | 596.87% | 580.41% | 736% | 194.79% | 378.17% | 482.25% | 477.18% | 899.33% | 637.03% | 995.1% | 929.16% | 2115.18% | 884.87% | 767.33% | 1123.76% | 2077.73% | 1794.12% | 597.67% |
| Selling, General & Admin | 0 | 0 | 7.05M | 4.92M | 0 | 0 | 4.92M | 7.58M | 8.55M | 8M | 8.1M | 0 | 6.82M | 6.41M | 6.32M | 3.97M | 2.97M | 2.05M | 2.91M | 2.18M |
| SG&A % of Revenue | - | - | 596.87% | 373.58% | - | - | 378.17% | 482.25% | 477.18% | 899.33% | 637.03% | - | 929.16% | 2115.18% | 884.87% | 525.53% | 614.46% | 829.96% | 1069.49% | 362.56% |
| Research & Development | 0 | 0 | 136K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.83M | 2.46M | 3.08M | 1.97M | 1.41M |
| R&D % of Revenue | - | - | 11.51% | - | - | - | - | - | - | - | - | - | - | - | - | 241.8% | 509.3% | 1247.77% | 724.63% | 235.11% |
| Other Operating Expenses | 1000K | 1000K | -136K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34K |
| Operating Income | -9.12M | -10.12M | -7.08M | -7.42M | -5.88M | -3.92M | -4.47M | -6.72M | -7.74M | -7.48M | -7.38M | -9.89M | -6.68M | -6.37M | -6.12M | -5.84M | -5.55M | -5.18M | -5.03M | -4.02M |
| Operating Margin % | -1777.39% | -2387.5% | -598.82% | -563.63% | -712.12% | -161.91% | -343.81% | -427.42% | -431.81% | -841.84% | -580.03% | -1008.78% | -910.63% | -2102.31% | -857.7% | -773.15% | -1147.11% | -2099.19% | -1849.63% | -669.22% |
| Operating Income Growth % | -55.2% | -158.57% | -58.24% | -10.48% | 24.08% | 47.69% | 39.37% | 32.04% | -15.77% | -17.49% | -20.48% | -69.14% | -20.39% | -22.85% | -21.73% | -45.33% | -75.53% | -72.72% | -47.8% | -88.83% |
| EBITDA | -9.12M | -9.7M | -6.62M | -8.05M | -5.69M | -3.92M | -4.03M | -6.35M | -7.4M | -7.28M | -7.13M | -9.76M | -6.53M | -6.18M | -5.97M | -5.66M | -5.44M | -5.08M | -4.92M | -3.92M |
| EBITDA Margin % | -1777.39% | -2288.68% | -559.98% | -611.54% | -689.45% | -161.91% | -309.68% | -403.69% | -413.11% | -818.56% | -560.69% | -995.41% | -889.1% | -2039.6% | -835.57% | -749.07% | -1123.97% | -2056.28% | -1807.35% | -651.41% |
| EBITDA Growth % | -60.3% | -147.87% | -64.28% | -26.91% | 23.17% | 46.2% | 43.51% | 34.95% | -13.44% | -17.75% | -19.54% | -72.26% | -19.96% | -21.68% | -21.36% | -44.65% | -76.85% | -74.36% | -48.3% | -92.1% |
| D&A (Non-Cash Add-back) | 0 | 419K | 459K | -631K | 187K | 0 | 444K | 373K | 335K | 207K | 246K | 131K | 158K | 190K | 158K | 182K | 112K | 106K | 115K | 107K |
| EBIT | -9.12M | -10.12M | -7.08M | -7.46M | -5.88M | -3.92M | -4.47M | -6.72M | -7.74M | -7.51M | -7.44M | -8.93M | -6.68M | -6.37M | -6.12M | -5.84M | -5.55M | -5.18M | -5.03M | -4.02M |
| Net Interest Income | -726K | -564K | -310K | 34K | 6K | 3K | 3K | 40K | 151K | 270K | 339K | 298K | 229K | 234K | 141K | 68K | 16K | 19K | 20K | 79K |
| Interest Income | 0 | 0 | 0 | 34K | 6K | 3K | 3K | 40K | 151K | 270K | 339K | 298K | 229K | 234K | 141K | 68K | 16K | 19K | 20K | 79K |
| Interest Expense | 726K | 564K | 310K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -2.25M | -702K | -310K | -36K | -845K | 2K | 20K | -3K | -25K | 271K | 339K | 346K | 316K | 1.53M | 272K | -90K | 21K | 14K | 911K | -1.18M |
| Pretax Income | -11.37M | -10.82M | -7.39M | -7.46M | -6.72M | -3.91M | -4.45M | -6.72M | -7.76M | -7.21M | -7.04M | -9.54M | -6.37M | -4.84M | -5.85M | -5.93M | -5.47M | -5.17M | -4.12M | -5.2M |
| Pretax Margin % | -2215.59% | -2553.07% | -625.04% | -566.36% | -814.55% | -161.83% | -342.28% | -427.61% | -433.2% | -811.36% | -553.38% | -973.47% | -867.57% | -1598.68% | -819.61% | -785.05% | -1130.37% | -2093.52% | -1514.71% | -865.22% |
| Income Tax | 0 | 0 | 0 | -1.03M | 0 | 0 | 0 | 0 | -1.25M | 0 | 0 | 0 | -278K | 0 | 0 | -782K | 0 | 0 | -1.04M | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 13.86% | 0% | 0% | 0% | 0% | 16.15% | 0% | 0% | 0% | 4.37% | 0% | 0% | 13.18% | 0% | 0% | 25.27% | 0% |
| Net Income | -11.37M | -10.82M | -7.39M | -6.42M | -6.72M | -3.91M | -4.45M | -6.72M | -6.51M | -7.21M | -7.04M | -9.54M | -6.09M | -4.61M | -5.58M | -5.15M | -5.47M | -5.17M | -3.08M | -5.2M |
| Net Margin % | -2215.59% | -2553.07% | -625.04% | -487.85% | -814.55% | -161.83% | -342.28% | -427.61% | -363.23% | -811.36% | -553.38% | -973.47% | -829.7% | -1521.45% | -781.51% | -681.61% | -1130.37% | -2093.52% | -1131.99% | -865.22% |
| Net Income Growth % | -69.14% | -176.64% | -65.91% | 4.42% | -3.24% | 45.75% | 36.74% | 29.54% | -6.88% | -56.46% | -26.15% | -85.13% | -11.31% | 10.85% | -81.23% | 0.9% | -73.63% | -71% | 9.04% | -326.58% |
| Net Income (Continuing) | -11.37M | -10.82M | -7.39M | -6.43M | -6.72M | -3.91M | -4.45M | -6.72M | -6.51M | -7.21M | -7.04M | -9.54M | -6.09M | -4.84M | -5.85M | -5.15M | -5.47M | -5.17M | -3.08M | -5.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.06 | -0.06 | -0.04 | -0.03 | -0.05 | -0.04 | -0.05 | -0.11 | -0.11 | -0.12 | -0.12 | -0.17 | -0.11 | -0.08 | -0.10 | -0.09 | -0.10 | -0.10 | -0.06 | -0.10 |
| EPS Growth % | -27.69% | -63.43% | 26.34% | 69% | 58.64% | 69.92% | 54.75% | 35.29% | 0% | -45.45% | -20.24% | -84.18% | -11.22% | 16.33% | -70.02% | 7.7% | -5.78% | 34.27% | 73.32% | 23.08% |
| EPS (Basic) | -0.06 | -0.06 | -0.04 | -0.03 | -0.05 | -0.04 | -0.05 | -0.11 | -0.11 | -0.12 | -0.12 | -0.17 | -0.11 | -0.08 | -0.10 | -0.09 | -0.10 | -0.10 | -0.06 | -0.10 |
| Diluted Shares Outstanding | 1.95B | 1.84B | 1.73B | 1.27B | 147.54M | 108.4M | 81.95M | 59.79M | 58.87M | 58.78M | 58.72M | 56.18M | 55.97M | 55.9M | 55.89M | 55.83M | 55.31M | 52.46M | 52.46M | 51.29M |
| Basic Shares Outstanding | 1.95B | 1.84B | 1.73B | 1.27B | 147.54M | 108.4M | 81.95M | 59.79M | 58.87M | 58.78M | 58.72M | 56.12M | 55.97M | 55.9M | 55.89M | 55.81M | 55.31M | 52.46M | 52.46M | 51.29M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |