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Ocean Power Technologies Inc   (OPTT)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


Ocean Power Technologies Inc 's ROA from the third quarter of 2024 to the third quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Ocean Power Technologies Inc 's ROA in the third quarter of 2024?
Ocean Power Technologies Inc recorded a cumulative net loss of $-27 million during 12 months ending in the third quarter of 2024, resulting in a negative return on assets (ROA) of -51%.

However, within the Utilities sector 102 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the fourth quarter of 2023 from to 3623.

What is ROA?


Return On Assets (Jan 31 2024)
III. Quarter
(Apr 30 2023)
IV. Quarter
(Jan 31 2023)
III. Quarter
(Oct 31 2022)
II. Quarter
(Jul 31 2022)
I. Quarter
Y / Y Total Assets Change -49.17 % -27.28 % -24.65 % -14.61 % -16.25 %
Y / Y Net Income Change - - - - -
Net Income (TTM) in million -27 -26 -22 -21 -22
Return On Assets (TTM) -51 % -42.97 % -33.11 % -29.99 % -29.31 %
OPTT's Total Ranking # 3623 # # # 4343 # 4693
Total Assets (TTM) in million 35 53 59 65 68
Seq. Total Assets Change -35.24 % -9.6 % -8.66 % -4.94 % -7.35 %
Seq. Net Income Change - - - - -



Return On Assets Company Ranking
Within: No.
Industry # 55
Sector # 103
Overall # 3604

Return On Assets Statistics
High Average Low
-20.35 %
-64.16 %
-147.77 %
(Oct 31 2021)   (Jan 31 2019)



  News about Ocean Power Technologies Inc

Ocean Power Technologies Navigates Uncharted Waters: Innovative Technologies Clash with Financial Challenges



Ocean Power Technologies (OPT) has recently reached an agreement with the US government for the delivery of multiple Unmanned Surface Vehicles (USVs), further enhancing ocean security through innovative unmanned marine technologies. In addition, OPT has secured a sole-source government contract for multiple WAM-Vs, marking significant progress for the company. However, amidst these advancements, OPT's financial performance has been a cause for concern, with a substantial net loss and a negative return on assets (ROA). This article aims to delve into the facts and assess the impact of these financial challenges on the company.
Facts:
1. OPT has reached an agreement in principle with the US government for the delivery of multiple Unmanned Surface Vehicles.
2. OPT has secured a sole-source contract with the US government for multiple WAM-Vs, enhancing ocean security with innovative unmanned marine technologies.
3. During the 12 months ending in the third quarter of 2024, OPT recorded a cumulative net loss of $-27 million.
4. OPT's negative return on assets (ROA) for the same period stood at -51%.
5. Among companies within the Utilities sector, 102 other companies had a higher return on assets.
6. The total ranking of OPT's return on assets has deteriorated from the fourth quarter of 2023 to 3608.

Ocean Power Technologies Secures Lucrative Purchase Orders in Latin America, Fueling Growth and Path to Sustainability


Ocean Power Technologies (OPT) has announced the successful acquisition of $1.5 million worth of purchase orders for its Wave Power Buoy and USV (Unmanned Surface Vehicle) - commonly referred to as WAM-V (Wave Adaptive Modular Vessel) - in Latin America. This significant achievement not only supports OPT's drive towards profitability but also opens up opportunities for further expansion in the region.
The recent purchase orders mark a major milestone for OPT, as it strengthens its foothold in Latin America. The WAM-V USVs are specifically designed to operate autonomously or remotely in various maritime applications, including defense, security, oil and gas, and environmental monitoring.




Financial Statements
Ocean Power Technologies Inc 's Assets $ 35 million OPTT's Balance sheet
Ocean Power Technologies Inc 's Income $ -7 million Quarterly OPTT's Income Statement
OPTT's Income by Division See OPTT's Income by Division



Annual Return On Assets (Apr 30 2023)
FY 2023
(Apr 30 2022)
FY 2022
(Apr 30 2021)
FY 2021
(Apr 30 2020)
FY 2020
(Apr 30 2019)
FY 2019
Y / Y Total Assets Change -27.28 % -15.03 % 538.03 % -25.66 % 30.39 %
Total Assets in million 53 73 86 14 18
Y / Y Net Income Change - - - - -
Net Income in million -26 -19 -15 -10 -12
Return On Assets -49.32 % -25.72 % -17.09 % -76.47 % -67.25 %




More Return On Assets Ratios
OPTT's' Return on Assets at Yahoo Finance
Electric Utilities Industry Return On Assets Trends and Statistics
Utilities Sector Roa Statistics
Roa Trends for overall market
OPTT's Roa Ratio versus Electric Utilities Industry, Utilities Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for OPTT's Competitors
Roa for Ocean Power Technologies Inc 's Suppliers
Return On Assets for OPTT's Customers

You may also want to know
OPTT's Roi OPTT's Inventory Turnover Ratio OPTT's Growth Rates OPTT's Dividend Comparisons
OPTT's Profitability Ratios OPTT's Asset Turnover Ratio OPTT's Dividend Growth
OPTT's Roe OPTT's Valuation Ratios OPTT's Financial Strength Ratios OPTT's Dividend Payout Ratio



Companies with similar Return On Assets at Jan 31 2024, within Utilities Sector ROA


Date modified: 2024-03-17T12:49:23+00:00


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