Ocean Power Technologies, Inc. (NYSE American: OPTT) is a company focused on developing innovative ocean energy solutions. The company reported an EPS of -$0.06 on December 15, 2025, below estimated -$0.02, the company generated a revenue of $424,000, falling short of the estimated $2.5 million. This highlights the company's ongoing challenges in meeting revenue expectations.
In its Q2 2026 earnings call, as highlighted by Seeking Alpha, Ocean Power Technologies discussed its financial performance and strategic initiatives. The company reported a significant increase in its backlog to approximately $15 million, up from $3.8 million the previous year.
Ocean Power Technologies is actively expanding its commercial and operational activities. The company shipped eight WAM-V autonomous surface vehicles during the quarter, showcasing its ability to scale manufacturing. Additionally, partnerships with Mythos AI and Gradient Marine aim to enhance the company's technological capabilities, further strengthening its market position.
Despite these strategic advancements, Ocean Power Technologies faces financial challenges. The company has a negative price-to-earnings (P/E) ratio of approximately -20.49, indicating a lack of profitability. The price-to-sales ratio of 17.05 suggests that investors are paying a premium for each dollar of sales, reflecting high expectations for future growth.
The company's financial metrics reveal a mixed picture. The enterprise value to sales ratio is 16.68, slightly lower than the price-to-sales ratio, while the enterprise value to operating cash flow ratio is negative at -2.99, highlighting difficulties in generating positive cash flow. However, with a debt-to-equity ratio of 0.46 and a current ratio of 1.23, Ocean Power Technologies maintains a moderate level of debt and reasonable short-term liquidity.
