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

OPTT's Revenue Growth by Quarter and Year

Ocean Power Technologies Inc 's Revenue results by quarter and year




OPTT Revenue (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter April - 0.30 0.25 0.12
III Quarter January 1.79 0.71 0.27 0.17
II Quarter October 0.98 0.76 0.60 0.55
I Quarter July 0.73 0.48 0.32 0.73
FY   3.50 2.25 1.44 1.57



OPTT Revenue third quarter 2024 Y/Y Growth Comment
Ocean Power Technologies Inc reported Revenue surge of 152.39% year on year in the third quarter 2024, to $ 1.79 millions, this is lower than Ocean Power Technologies Inc 's recent average Revenue surge of 178.54%.

Looking into third quarter 2024 results within Electric Utilities industry 2 other companies have achieved higher Revenue growth. While Ocean Power Technologies Inc ' s Revenue doubling of 152.39% ranks overall at the positon no. 146 in the third quarter 2024.




OPTT Revenue ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter April - 20 % 108.33 % -40 %
III Quarter January 152.39 % 162.96 % 58.82 % -15 %
II Quarter October 28.95 % 26.67 % 9.09 % 189.47 %
I Quarter July 52.08 % 50 % -56.16 % 170.37 %
FY   - 56.25 % -8.28 % 82.56 %

Financial Statements
Ocean Power Technologies Inc 's third quarter 2024 Revenue $ 1.79 millions OPTT's Income Statement
Ocean Power Technologies Inc 's third quarter 2023 Revenue $ 0.71 millions Quarterly OPTT's Income Statement
New: More OPTT's historic Revenue Growth >>


OPTT Revenue (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter April - -57.75 % -7.41 % -29.41 %
III Quarter January 82.86 % -6.58 % -55 % -69.09 %
II Quarter October 34.25 % 58.33 % 87.5 % -24.66 %
I Quarter July 143.33 % 92 % 166.67 % 265 %
FY (Year on Year)   - 56.25 % -8.28 % 82.56 %




Revenue third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #3
Utilities Sector #6
Overall #146

Revenue Y/Y Growth Statistics
High Average Low
4147.55 % 178.54 % -98.42 %
(Jan 31 2017)   (Jan 31 2016)
Revenue third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #3
Utilities Sector #6
Overall #146
Revenue Y/Y Growth Statistics
High Average Low
4147.55 % 178.54 % -98.42 %
(Jan 31 2017)   (Jan 31 2016)

Revenue by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Ocean Power Technologies Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
1813.11 % 101.72 % -100 %
(Apr 30 2016)  


OPTT's III. Quarter Q/Q Revenue Comment
Ocean Power Technologies Inc achieved in the III. Quarter 2024 below company average Revenue jump of 82.86% quarter on quarter, to $ 1.79 millions.

Although the III. Quarter 2024 Ocean Power Technologies Inc 's Revenue Q/Q growth was beneath the regular , it was still good story, as the III. Quarter expension, transcends the -6.58% Revenue rise in the III. Quarter 2023

Within Electric Utilities industry only one company achieved higher sequential Revenue growth. While Ocean Power Technologies Inc 's Revenue growth quarter on quarter, overall rank is 164.


Revenue Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #2
Utilities Sector #8
Overall #164
Revenue Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #2
Utilities Sector #8
Overall #164
Revenue Q/Q Growth Statistics
High Average Low
1813.11 % 101.72 % -100 %
(Apr 30 2016)  


OPTT's III. Quarter Q/Q Revenue Comment
Ocean Power Technologies Inc achieved in the III. Quarter 2024 below company average Revenue jump of 82.86% quarter on quarter, to $ 1.79 millions.

Although the III. Quarter 2024 Ocean Power Technologies Inc 's Revenue Q/Q growth was below the regular of 101.72 %, this was yet good story, as the III. Quarter improvement, outshines the -6.58% surge in the III. Quarter 2023

Within Electric Utilities industry only one company achieved higher sequential Revenue growth. While Ocean Power Technologies Inc 's Revenue growth quarter on quarter, overall rank is 164.


Ocean Power Technologies Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Jan 31 2024)
12 Months Ending
(Apr 30 2023)
12 Months Ending
(Jan 31 2023)
12 Months Ending
(Oct 31 2022)
12 Months Ending
(Jul 31 2022)
Cumulative Revenue 12 Months Ending $ 3.81 $ 2.73 $ 2.51 $ 2.26 $ 2.20
Y / Y Revenue Growth (TTM) 73.1 % 55.32 % 56.2 % 56.95 % 68.14 %
Year on Year Revenue Growth Overall Ranking # 129 # 548 # 446 # 547 # 518
Seqeuential Revenue Change (TTM) 39.46 % 8.97 % 11.08 % 2.54 % 25.13 %
Seq. Revenue Growth (TTM) Overall Ranking # 390 # 1848 # 1352 # 1880 # 317




Cumulative Revenue growth Comment
Ocean Power Technologies Inc saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 73.1% year on year, to $ 4 millions if the fiscal year would have ended in Jan 31 2024.
Ocean Power Technologies Inc 's trailing twelve months Revenue growth was higher than company's average 24.65% and higher than 55.32% growth in Apr 30 2023.
But sequential increase was less at 39.46 % from $2.73 millions achieved in twelve months ending a quarter before Jhon Reis went on.
Still it was evidence of positive momentum, while the average Q/Q TTM advancement lays at 24.65%.
The growth was much higher from twelve months ended Apr 30 2023 clinched at 39.46 % jump from $2.73 millions in twelve months ending a quarter Apr 30 2023.

Among companies within the Utilities sector 3 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 129, from total ranking in previous quarter at 548.

Revenue TTM Q/Q Growth Statistics
High Average Low
173.9 %
24.65 %
-82.83 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 7
Utilities Sector # 4
Overall # 129

Revenue TTM Y/Y Growth Statistics
High Average Low
173.9 %
24.65 %
-82.83 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 13
S&P 500 # 390
Cumulative Revenue growth Comment
Ocean Power Technologies Inc saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 73.1% year on year, to $ 4 millions if the fiscal year would have ended in Jan 31 2024.
Ocean Power Technologies Inc 's trailing twelve months Revenue growth was higher than company's average 24.65% and higher than 55.32% growth in Apr 30 2023.
But from the previous reporting period growth rate was beneth at 39.46 % from $2.73 millions reported in twelve months ending a quarter Apr 30 2023.
In spite of, it was evidence of convincing trend, while the average sequential Revenue growth lays at 24.65%.
The momentum was much more impressive from twelve months ended Apr 30 2023 clinched at 39.46 % rise from $2.73 millions in the period from Apr 30 2023 to Jul 31 2022.

Among companies within the Utilities sector 3 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 129, from total ranking in previous quarter at 548.

Revenue TTM Q/Q Growth Statistics
High Average Low
173.9 %
24.65 %
-82.83 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 7
Utilities Sector # 4
Overall # 129

Revenue TTM Y/Y Growth Statistics
High Average Low
173.9 %
24.65 %
-82.83 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 13
S&P 500 # 390




Other Revenue Growth
Electric Utilities Industry Revenue Growth Trends and Statistics
Utilities Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
OPTT's Revenue Growth Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for OPTT's Competitors
Revenue Growth for Ocean Power Technologies Inc 's Suppliers
Revenue Growth for OPTT's Customers

You may also want to know
OPTT's Annual Growth Rates 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
OPTT's Roa OPTT's Inventory Turnover Ratio OPTT's Growth Rates OPTT's Dividend Comparisons



Companies with similar Revenue jump for the quarter ending Jan 31 2024 within Utilities SectorY/Y Change %Revenue for the quarter ending Jan 31 2024
Ocean Power Technologies Inc 144.14%$ 144.142 millions




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