Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Equity Bottom-Up

Ocean Power Technologies / Equity Bottom-Up

<ul><li>Ocean Power Technologies reported 4QFY24 revenue of $1.6 million, up 60% Y/Y from $1.0 million in 4QFY23, driven by sales of WAM-V autonomous vehicles and the contract with the Department of Energy.</li><li>The company has an order backlog of $4.9 million, with a pipeline of $71.6 million as of April 30, 2024, and expects FY25 contracted orders to be $12.5 million, double from last year.</li><li>The pipeline consists of 30-40% WAM-Vs, while 50% of the pipeline is PowerBuoys.</li></ul>

Ocean Power Technologies reported 4QFY24 revenue of $1.6 million, up 60% Y/Y from $1.0 million in 4QFY23, driven by sales of WAM-V autonomous vehicles and the contract with the Department of Energy.The company has an order backlog of $4.9 million, with a pipeline of $71.6 million as of April 30, 2024, and expects FY25 contracted orders to be $12.5 million, double from last year.The pipeline consists of 30-40% WAM-Vs, while 50% of the pipeline is PowerBuoys.

Ocean Power Technologies, Inc. - 4QFY24 Results: Profitability in Sight in FY25

<ul><li>OPT has partnered with Unique Group, a UAE-based subsea technology company that aims to deploy OPT’s USVs in the UAE and GCC region.</li><li>The partnership aims to develop a new GCC-specific USV model (WAM-V 22) that adheres to local safety regulations and prioritizes environmental efficiency.</li><li>OPT, a developer of low-carbon marine power solutions, signed an OEM agreement with Teledyne Marine, a supplier of maritime equipment.</li></ul>

OPT has partnered with Unique Group, a UAE-based subsea technology company that aims to deploy OPT’s USVs in the UAE and GCC region.The partnership aims to develop a new GCC-specific USV model (WAM-V 22) that adheres to local safety regulations and prioritizes environmental efficiency.OPT, a developer of low-carbon marine power solutions, signed an OEM agreement with Teledyne Marine, a supplier of maritime equipment.

Ocean Power Technologies, Inc. - Wins on Multiple Fronts

<ul><li>OPT has entered into a teaming agreement with a major international defense contractor to offer OPT’s Merrows suite of solutions in specific international regions.</li><li>The partnership aims to improve maritime domain awareness through OPT’s Maritime Domain Awareness Solution (MDAS).</li><li>The agreement grants the defense contractor exclusive rights to sell MDAS in certain areas. </li></ul>

OPT has entered into a teaming agreement with a major international defense contractor to offer OPT’s Merrows suite of solutions in specific international regions.The partnership aims to improve maritime domain awareness through OPT’s Maritime Domain Awareness Solution (MDAS).The agreement grants the defense contractor exclusive rights to sell MDAS in certain areas. 

Ocean Power Technologies, Inc. - Announces MDAS Agreement...

<ul><li>Ocean Power Technologies (OPT) and Red Cat Holdings are forming a strategic alliance to improve maritime defense and security.</li><li>OPT’s ocean-powered platforms (PowerBuoy and WAM-V) will be integrated with Red Cat’s Teal 2 drones.</li><li>This will provide real-time data and extend the range of surveillance missions. Additionally, this will increase maritime domain awareness through air, sea, and subsea surveillance.</li></ul>

Ocean Power Technologies (OPT) and Red Cat Holdings are forming a strategic alliance to improve maritime defense and security.OPT’s ocean-powered platforms (PowerBuoy and WAM-V) will be integrated with Red Cat’s Teal 2 drones.This will provide real-time data and extend the range of surveillance missions. Additionally, this will increase maritime domain awareness through air, sea, and subsea surveillance.

Ocean Power Technologies, Inc. - Strategic Alliance with Red Cat

<ul><li>Ocean Power Technologies (OPT), a company specializing in marine power and data solutions, announced a new initiative called Merrows.</li><li>A major hurdle in maritime security is maintaining awareness of everything happening in and around our oceans.</li><li>This requires collecting and transmitting vast amounts of data.</li></ul>

Ocean Power Technologies (OPT), a company specializing in marine power and data solutions, announced a new initiative called Merrows.A major hurdle in maritime security is maintaining awareness of everything happening in and around our oceans.This requires collecting and transmitting vast amounts of data.

Ocean Power Technologies, Inc. - "Merrows" - Maritime Domain Awareness Solution

United States

Ocean Power Technologies, Inc. manufactures equipment that generates electricity from the motion of ocean waves. The Company develops wave energy technology and converts ocean waves energy into electricity. Ocean Power Technologies serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ocean Power Technologies (OPTT US)

Ocean Power Technologies, Inc. - 4QFY24 Results: Profitability in Sight in FY25

The company has an order backlog of $4.9 million, with a pipeline of $71.6 million as of April 30, 2024, and expects FY25 contracted orders to be...

Water Tower Research

Ocean Power Technologies, Inc. - Wins on Multiple Fronts

OPT has partnered with Unique Group, a UAE-based subsea technology company that aims to deploy OPT’s USVs in the UAE and GCC region.

Water Tower Research

Ocean Power Technologies, Inc. - Announces MDAS Agreement...

OPT has entered into a teaming agreement with a major international defense contractor to offer OPT’s Merrows suite of solutions in specific...

Water Tower Research

Ocean Power Technologies, Inc. - Strategic Alliance with Red Cat

Ocean Power Technologies (OPT) and Red Cat Holdings are forming a strategic alliance to improve maritime defense and security.

Water Tower Research

Ocean Power Technologies, Inc. - "Merrows" - Maritime Domain Awareness Solution

Ocean Power Technologies (OPT), a company specializing in marine power and data solutions, announced a new initiative called Merrows.

Water Tower Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)