Ocean Power Technologies, Inc.
For the period ended Jan 31, 2025. Filed Mar 17, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2025 · Filed Mar 17, 2025
OPTT$0.43+14.1%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets as of January 31, 2025 (unaudited) and April 30, 2024
Consolidated Balance Sheets
(in $000’s, except share data)
| January 31, 2025 | April 30, 2024 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $10,026 | $3,151 |
| Accounts receivable, net | 1,626 | 796 |
| Contract assets | 478 | 18 |
| Inventory | 3,949 | 4,831 |
| Other current assets | 752 | 1,747 |
| Total current assets | 16,831 | 10,543 |
| Property and equipment, net | 3,589 | 3,443 |
| Intangibles, net | 3,523 | 3,622 |
| Right-of-use assets, net | 1,772 | 2,405 |
| Restricted cash, long-term | 154 | 154 |
| Goodwill | 8,537 | 8,537 |
| Total assets | $34,406 | $28,704 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $637 | $3,366 |
| Earnout payable | 350 | 1,130 |
| Accrued expenses | 2,240 | 1,787 |
| Right-of-use liabilities, current portion | 1,115 | 774 |
| Contract liabilities | — | 302 |
| Total current liabilities | 4,342 | 7,359 |
| Deferred tax liability | 203 | 203 |
| Right-of-use liabilities, less current portion | 950 | 1,798 |
| Total liabilities | 5,495 | 9,360 |
| Commitments and contingencies (Note 14) | - | - |
| Shareholders’ Equity: | ||
| Preferred stock, $0.001 par value; authorized 5,000,000 shares, none issued or outstanding; 100,000 designated as Series A | — | — |
| Common stock, $0.001 par value; authorized 200,000,000 shares, issued 170,790,707 shares and 61,352,731 shares, respectively; outstanding 170,003,230 shares and 61,264,714 shares, respectively | 170 | 61 |
| Treasury stock, at cost; 787,477 and 88,017 shares, respectively | (1,018) | (369) |
| Additional paid-in capital | 352,468 | 327,276 |
| Accumulated deficit | (322,664) | (307,579) |
| Accumulated other comprehensive loss | (45) | (45) |
| Total shareholders’ equity | 28,911 | 19,344 |
| Total liabilities and shareholders’ equity | $34,406 | $28,704 |
Table of Contents
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.