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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.

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Ocean Power Technologies / Equity Bottom-Up

<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

<ul><li>Ocean Power Technologies reported 3QFY24 revenue of $1.8 million, up 144% Y/Y from $0.7 million in 3QFY23, driven by sales of WAM-V autonomous vehicles and the contract with the Department of Energy.</li><li>The company has an order book of $3.4 million YTD and growing, with backlogs standing at $3.3 million as of January 31, 2024.</li><li>The company reported 3QFY24 gross profit of $0.8 million, compared with a profit of $0.1 million in 3QFY23.</li></ul>

Ocean Power Technologies reported 3QFY24 revenue of $1.8 million, up 144% Y/Y from $0.7 million in 3QFY23, driven by sales of WAM-V autonomous vehicles and the contract with the Department of Energy.The company has an order book of $3.4 million YTD and growing, with backlogs standing at $3.3 million as of January 31, 2024.The company reported 3QFY24 gross profit of $0.8 million, compared with a profit of $0.1 million in 3QFY23.

Ocean Power Technologies, Inc. -  3QFY24 Results

<ul><li>Ocean Power Technologies, Inc. (OPT) substantially completed its research and development (R&amp;D) phase and has witnessed meaningful progress in orders, pipeline, and backlog across its business.</li><li>Additionally, the company has reallocated headcount toward execution and commercialization to bolster its next phase of evolution.</li><li>OPT’s cutting-edge suite of products provides comfort against macro headwinds and also positions the company for commercial success and profitability in 2025.</li></ul>

Ocean Power Technologies, Inc. (OPT) substantially completed its research and development (R&amp;D) phase and has witnessed meaningful progress in orders, pipeline, and backlog across its business.Additionally, the company has reallocated headcount toward execution and commercialization to bolster its next phase of evolution.OPT’s cutting-edge suite of products provides comfort against macro headwinds and also positions the company for commercial success and profitability in 2025.

Update Note - Ocean Power Technologies, Inc.

<ul><li>Ocean Power Technologies reported 2QFY24 revenue of $0.9 million, up 193% Y/Y from $0.3 million in 2QFY23, driven by sales of WAM-V autonomous vehicles, the contract with the Department of Energy (DOE), and an increase in strategic consulting services.</li><li>The previous quarter had revenue of $0.2 million from leased boats.</li><li>The company reported 2QFY24 gross profit of $0.5 million, compared with a profit of $39,000 in 2QFY23.</li></ul>

Ocean Power Technologies reported 2QFY24 revenue of $0.9 million, up 193% Y/Y from $0.3 million in 2QFY23, driven by sales of WAM-V autonomous vehicles, the contract with the Department of Energy (DOE), and an increase in strategic consulting services.The previous quarter had revenue of $0.2 million from leased boats.The company reported 2QFY24 gross profit of $0.5 million, compared with a profit of $39,000 in 2QFY23.

Ocean Power Technologies, Inc. - 2QFY24 Results: Revenue Increases 193%

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.

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Ocean Power Technologies (OPTT US)

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

Ocean Power Technologies, Inc. - 3QFY24 Results

Ocean Power Technologies reported 3QFY24 revenue of $1.8 million, up 144% Y/Y from $0.7 million in 3QFY23, driven by sales of WAM-V autonomous...

Water Tower Research

Update Note - Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc. (OPT) substantially completed its research and development (R&D) phase and has witnessed meaningful progress in...

Water Tower Research

Ocean Power Technologies, Inc. - 2QFY24 Results: Revenue Increases 193%

Ocean Power Technologies reported 2QFY24 revenue of $0.9 million, up 193% Y/Y from $0.3 million in 2QFY23, driven by sales of WAM-V autonomous...

Water Tower Research

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