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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.

Research from Water Tower Research

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Equity Bottom-Up

Ocean Power Technologies / Equity Bottom-Up

<ul><li>OPT reported preliminary 2QFY25 results and reaffirmed previous guidance of achieving profitability in 4Q25.</li><li>The company expects 2QFY25 revenue to come in at more than $2.0 million compared with $0.9 million in 2QFY24.</li><li>Net loss is expected to be lower at ~$4.0 million compared with $7.2 million last year, driven by a 40% reduction in operating expenses due to lower third-party spending and higher revenue.</li></ul>

OPT reported preliminary 2QFY25 results and reaffirmed previous guidance of achieving profitability in 4Q25.The company expects 2QFY25 revenue to come in at more than $2.0 million compared with $0.9 million in 2QFY24.Net loss is expected to be lower at ~$4.0 million compared with $7.2 million last year, driven by a 40% reduction in operating expenses due to lower third-party spending and higher revenue.

Ocean Power Technologies, Inc. - Delivers Strong 2QFY25