OPTTNYSEElectric ServicesUS GAAP · USD

Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc. designs, manufactures, deploys, and operates intelligent maritime systems for offshore and nearshore environments. Its core platforms include the PowerBuoy® persistent sensor and power system, the WAM-V® autonomous unmanned surface vessel, and the Merrows™ command-and-control interface, which are used across defense, security, subsea infrastructure, offshore energy, research, and communications applications.

Kysy yhtiöstä
Liikevaihto3,7milj. USD
−36,2 %v/v
Liikevoitto (EBIT)−38,4milj. USD
−76,9 %v/v
EBIT-marginaali−1 026,6%
−656,6 %-yks.v/v
Nettotulos−48,9milj. USD
−127,4 %v/v
Vapaa kassavirta−24,8milj. USD
−29,5 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−40−30−20−10010milj. USD2021: 1,2 milj. USD2021: EBIT −14 milj. USD20212022: 1,8 milj. USD2022: EBIT −22 milj. USD20222023: 2,7 milj. USD2023: EBIT −29 milj. USD20232024: 5,5 milj. USD2024: EBIT −29 milj. USD20242025: 5,9 milj. USD2025: EBIT −22 milj. USD20252026: 3,7 milj. USD2026: EBIT −38 milj. USD20263,7−38
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Ocean Power Technologies, Inc.

Liiketoiminta

Osuus liikevaihdosta
PowerBuoy® systems35 %

Persistent offshore power and sensing platforms sold or leased for maritime missions.

WAM-V® autonomous vessels40 %

Unmanned surface vehicles used for data collection, survey, and security applications.

Merrows™ software and C210 %

Command-and-control software that integrates sensor feeds and supports AI/ML-enabled operations.

Service contracts and leases15 %

Recurring DaaS, RaaS, and PaaS arrangements, including maintenance and deployment support.

Tuotteet

Raportoitu · osuus liikevaihdosta
53,0%37,2%9,8%FY2026100 %
  • Services53,0 %
  • WAMV37,2 %
  • Buoy9,8 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

OPT sells to government and commercial customers that need persistent offshore sensing, communications, or autonomous operations. The main buyers are defense and security agencies, offshore energy operators, and industrial or research users that deploy maritime systems for surveillance, inspection, monitoring, and data collection.

Defense and security agencies

Buy PowerBuoy®, WAM-V®, and MDAS solutions for maritime domain awareness, patrol support, and surveillance.

Offshore energy operators

Use autonomous vessels and power systems for inspection, monitoring, and offshore operations support.

Subsea infrastructure and industrial customers

Buy sensing and communications solutions to monitor assets and support offshore infrastructure.

Marine research and environmental monitoring users

Use autonomous platforms for ocean data collection, survey work, and scientific missions.

Commercial maritime and communications customers

Adopt leased systems for offshore communications, survey, and specialized marine applications.

Strategia

OPT’s strategy centers on expanding recurring revenue through leased and service-based maritime systems rather than one-time hardware sales. It is also building a broader international channel network and using partnerships to scale deployment, customer access, and application coverage across defense, energy, and environmental markets.

Expand recurring revenue modelsLyhyt aikaväli

Leases and service contracts improve revenue visibility and customer retention.

Scale international partnershipsKeskipitkä aikaväli

Local partners help enter new regions and reduce deployment friction.

Broaden mission applicationsKeskipitkä aikaväli

More use cases increase addressable demand for the same platform set.

Improve platform scalabilityPitkä aikaväli

Standardized systems and supply-chain leverage can support larger deployments.

Maantiede

Q1/2026

OPT sells globally, with customer demand spanning North America, South America, Europe, and Asia. In fiscal 2025, revenue was 66% from North America & South America, 32% from EMEA, and 2% from Asia and Australia, reflecting a broader international mix than the prior year.

EMEA100 %

Riskit

OPT depends on successful commercialization of specialized maritime technologies, so demand adoption, deployment execution, and partner performance are central risks. The business also faces customer concentration, supply-chain and fabrication dependencies, international regulatory exposure, and the need to fund operations until recurring revenue scales.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Slow commercialization of new maritime systems1Liquidity and funding dependence2Third-party deployment and service failures3Supply-chain and vendor disruption4International trade and geopolitical exposure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Slow commercialization of new maritime systemsVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue depends on customers adopting autonomous and persistent offshore solutions.

    KohdistuuDefenseOffshore energyIndustrial markets
  2. Liquidity and funding dependenceVaikutus: KorkeaTodennäköisyys: Korkea

    The company has historically required external capital to support operations.

    Kohdistuu: Working capital and commercialization funding

  3. Third-party deployment and service failuresVaikutus: KorkeaTodennäköisyys: Kohtalainen

    OPT relies on contractors for fabrication, mooring, deployment, and servicing.

    Kohdistuu: Global deployments and offshore installations

  4. Supply-chain and vendor disruptionVaikutus: KeskitasoTodennäköisyys: Korkea

    Specialized components and prefabrication depend on external suppliers.

    KohdistuuSensorsControlsMarine installationFabrication
  5. International trade and geopolitical exposureVaikutus: KeskitasoTodennäköisyys: Matala

    Cross-border sales and deliveries can be affected by tariffs and regional instability.

    KohdistuuEMEAMiddle EastSouth AmericaAsia
Kysy Clarifolta: Ocean Power Technologies, Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

The company uses a mix of point-in-time and over-time recognition across hardware, leases, and services.

Vaikutus: Can shift revenue between periods based on deployment and contract progress

Backlog measurement

Backlog includes unfilled orders and agreements but can change with delays or terminations.

Vaikutus: Affects visibility into future revenue and order momentum

Contract loss estimates

Cost overruns or forecast changes may require loss recognition on contracts.

Vaikutus: Can reduce gross profit and increase volatility

Financing and extinguishment accounting

Debt conversions and related fair value items can create non-operating gains or losses.

Vaikutus: Can materially affect reported net income without changing operations

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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AIOT · Communications Equipment, NEC

Net Power Inc.

NPWR-WT · Electrical Industrial Apparatus

SEACOR Marine Holdings Inc.

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Stem, Inc

STEM · Services-Computer Integrated Systems Design

Päivitetty: 24.9.2026

Ocean Power Technologies, Inc. (OPTT) liikevaihto, tulos ja tunnusluvut 2026 – Clarifo