OPTT — Ocean Power Technologies Inc

Ocean Power Technologies Inc (OPTT) is a specialty industrial machinery company listed on NYSE MKT. It is led by Philipp Stratmann, based in 28 Engelhard Drive, Monroe Township, NJ, United States, 08831, with about 43 employees. Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, Australia, and Asia. The company offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. It also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, the company offers Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Further, the company provides offshore data collection, integration, analytics, and real time communication for various applications. Ocean Power Technologies, Inc. serves public and private entities, and agencies that require remote offshore power. The company offers was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

Latest reported OPTT revenue for 2026-04-30 was $3.7M. Net income was -$48.9M. Revenue was up 76.4% from 2026-01-31 to 2026-04-30. OPTT currently screens at market cap $81.5M.

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