Filing Flows › Ocean Power Technologies (OPTT) › Q3 FY25
Ocean Power Technologies (OPTT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 17, 2025
Ocean Power Technologies (OPTT) reported revenue of $825K for the third quarter fiscal 2025 (Q3 FY25), -54% from a year earlier and -66% from the quarter before. Operating margin was -712.1%, net loss $6.7M (814.5% of revenue).
Ocean Power Technologies, Q3 FY25: revenue $825K (-54% year over year), operating margin -712.1%, net loss $6.7M, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $825K | -66% | -54% |
| Operating profit | −$5.9M | — | — |
| Net earnings | −$6.7M | — | — |
| Operating cash flow | −$3.7M | — | — |
What changed
Revenue was $825K in Q3 FY25, down 54% year over year and down 66% from the previous quarter. WAM-V was the largest line at 79% of revenue. WAM-V lost $818K year over year (down 56%), 85% of the total change.
Gross margin was 23.9%, down 21.5 points from a year earlier. Operating costs exceeded revenue by $5.9M, an operating margin of -712.1%. Operating expenses fell 29% while revenue fell 54%. The quarter ended with a net loss of $6.7M, wider than the previous quarter's $3.9M loss.
Operating cash flow was −$3.7M. Non-cash charges added back $188K of depreciation and amortization and $782K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $222K exceeded it, leaving free cash flow of −$4.0M.
Questions
What was Ocean Power Technologies' revenue in the third quarter fiscal 2025?
Ocean Power Technologies (OPTT) reported revenue of $825K for the third quarter fiscal 2025 (Q3 FY25), -54% from a year earlier and -66% from the quarter before.
Was Ocean Power Technologies profitable in the third quarter fiscal 2025?
Operating loss was $5.9M (-712.1% of revenue) and net loss $6.7M.