OCEAN THERMAL ENERGY CORPORATION
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $3.0M | $0 | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | $588.9K | $0 | — | — | — | — | — |
| Gross Margin | — | 19.5% | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $71.7K | $116.3K | $138.0K | $170.2K | $193.1K | $255.5K | $271.6K |
| Operating Income | — | $-172.1K | $-1.6M | $-1.5M | $-1.5M | $-2.0M | $-2.8M | $-1.8M |
| Operating Margin | — | -5.7% | — | — | — | — | — | — |
| Interest Expense | — | $2.9M | $2.5M | $2.3M | $1.8M | $1.7M | $1.4M | $2.3M |
| Pretax Income | — | $-69.3M | $-1.2M | $-9.3M | $-6.9M | $-2.7M | $-6.5M | $-4.9M |
| Income Tax Expense | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | — | $-69.3M | $-1.2M | $-9.3M | $-6.9M | $-2.7M | $-6.5M | $-4.9M |
| Net Margin | — | -2,299.3% | — | — | — | — | — | — |
| EPS (Basic) | — | — | — | — | $-0.04 | $-0.02 | $-0.05 | $-0.04 |
| EPS (Diluted) | — | $0.34 | $0.01 | $-0.05 | — | — | $-0.05 | $-0.04 |
| Shares Outstanding (Basic) | 190.0M | — | — | — | 179.0M | 158.6M | 136.3M | 134.8M |
| Shares Outstanding (Diluted) | 190.0M | 202.0M | 188.7M | 184.4M | 179.0M | 158.6M | 136.3M | 134.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |