Ocean Thermal Energy Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0M | $0 | $0 | $0 | $0 | $3.9K | $8.3K | $122.3K |
| Cost of Revenue | — | — | — | — | $0 | $40 | $3.1K | $43.4K |
| Gross Profit | $588.9K | $0 | — | — | $49 | $3.8K | $5.2K | $78.9K |
| Gross Margin | 19.5% | — | — | — | — | 99.0% | 62.9% | 64.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | $0 | $341 | $60.9K |
| SG&A Expense | $71.7K | $116.3K | $595.3K | $2.2M | $442.4K | $66.7K | $19.4K | $112.9K |
| Operating Income | $-172.1K | $-1.6M | $-4.1M | $-12.7M | $-3.4M | $-235.0K | $-48.2K | $-119.1K |
| Operating Margin | -5.7% | — | — | — | — | -6,093.6% | -577.9% | -97.4% |
| Interest Expense | $2.9M | $2.5M | $1.3M | $614.7K | $2.7M | $111.8K | $51.1K | $66.3K |
| Pretax Income | $-69.3M | $-1.2M | $-7.9M | $-14.6M | $-6.1M | $-346.7K | $-24.3K | — |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-69.3M | $-1.2M | $-7.9M | $-14.6M | $-6.1M | $-346.7K | $-24.3K | $-173.1K |
| Net Margin | -2,299.3% | — | — | — | — | -8,992.3% | -291.7% | -141.5% |
| EPS (Basic) | — | — | $-0.06 | $-0.13 | $-0.07 | $-1.88 | $0.00 | $-0.01 |
| EPS (Diluted) | $0.34 | $0.01 | $-0.06 | $-0.13 | $-0.07 | $-1.88 | $0.00 | $-0.01 |
| Shares Outstanding (Basic) | — | — | 131.0M | 122.6M | 94.3M | 53.4M | 24.0M | 24.0M |
| Shares Outstanding (Diluted) | 202.0M | 188.7M | 131.0M | 122.6M | 94.3M | 53.4M | 24.0M | 24.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |