OCEAN POWER TECHNOLOGIES, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7M | $5.9M | $5.5M | $2.7M | $1.8M | $1.2M | $1.7M | $600.0K |
| Cost of Revenue | $9.7M | $4.2M | $2.7M | $2.5M | $1.9M | $2.3M | $1.8M | $1.3M |
| Gross Profit | $-5.9M | $1.7M | $2.8M | $236.0K | $-101.0K | $-1.1M | $-105.0K | $-671.0K |
| Gross Margin | -158.4% | 28.3% | 51.1% | 8.6% | -5.7% | -89.0% | -6.2% | -111.8% |
| Operating Expenses | ||||||||
| Research & Development | — | $3.6M | $7.7M | $10.0M | — | — | — | — |
| SG&A Expense | $3.6M | $2.9M | — | — | — | $7.8M | $6.9M | $7.6M |
| Operating Income | $-38.4M | $-21.7M | $-29.3M | $-29.2M | $-21.6M | $-13.6M | $-11.4M | $-13.3M |
| Operating Margin | -1,026.6% | -370.0% | -530.9% | -1,069.4% | -1,225.3% | -1,127.0% | -668.5% | -2,211.8% |
| Interest Expense | $124.0K | — | — | — | — | — | — | — |
| Pretax Income | $-48.9M | $-25.5M | $-28.7M | $-26.6M | $-20.7M | $-14.8M | $-11.2M | $-13.1M |
| Income Tax Expense | — | $-1.0M | $-1.3M | $-278.0K | $-1.8M | — | $-895.0K | $-850.0K |
| Net Income | $-48.9M | $-24.5M | $-27.5M | $-26.3M | $-18.9M | $-14.8M | $-10.4M | $-12.2M |
| Net Margin | -1,308.9% | -417.4% | -497.4% | -963.6% | -1,073.0% | -1,223.9% | -608.9% | -2,041.0% |
| EPS (Basic) | $-0.25 | $-0.19 | $-0.24 | $-0.24 | $-0.18 | $-0.25 | $-0.72 | $-4.76 |
| EPS (Diluted) | $-0.25 | $-0.19 | $-0.24 | $-0.24 | $-0.18 | $-0.25 | $-0.72 | $-4.76 |
| Shares Outstanding (Basic) | 194.3M | 126.9M | 118.1M | 112.00B | 108.02B | 60.04B | 34.2M | 11.5M |
| Shares Outstanding (Diluted) | 194.3M | 126.9M | 118.1M | 112.00B | 108.02B | 60.04B | 34.2M | 11.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |