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Ocean Power GAAP EPS of -$0.10, revenue of $0.71M

  • Ocean Power press release (NYSE:OPTT): Q1 GAAP EPS of -$0.10.
  • Revenue of $0.71M (+163.0% Y/Y).
  • Combined cash, unrestricted cash, cash equivalents and short-term investments at July 31, 2022 and 2021 was $52.4 million and $77.7 million, respectively.
  • Bank debt was $0 at both July 31, 2022 and July 31, 2021.

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Ocean Power Technologies, Inc.