Ocean Power Technologies Inc. Common Stock (OPTT)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am an old-fashioned investor: I want a business that earns money, has a durable advantage, and sells at a sensible price. Ocean Power Technologies fails the first test. In fiscal 2024, ended 2024-04-30, it reported revenue of $5.5 million and a net loss of $27.5 million. In fiscal 2025, ended 2025-04-30, revenue was $5.9 million and the net loss was $24.5 million. Then fiscal 2026, ended 2026-04-30, revenue collapsed to $700,000 while the net loss widened to $48.9 million. In fiscal Q1 2027, ended 2026-07-31, revenue was only $300,000 and the net loss was $10.5 million. That is not a compounding machine; it is a cash-consuming venture. The company has 65 employees and sells maritime data, robotics, and power services, but I see no clear moat at this scale. The numbers confirm weakness: FairStock calculations show ROE of -318.99%, ROCE of -75.66%, debt-to-equity of 1.16, trailing free cash flow of -$28.1 million, and an FCF yield of -33.8%. The Altman Z-Score is -14.19, a distress reading, and the Piotroski F-Score is 5/9. At the 2026-10-13 close of $0.72, market cap was $83.1 million. P/B was 12.00 and P/E was -0.10, which tells me the price is not supported by current earnings or book value. The FairStock Score is 26/100. With losses in each of the last four years, the computed Lynch category is none. A beta of 2.60 and a 52-week range of $0.10 to $3.23 describe speculation. I would call this an option on a future business, not a proven investment.

In plain English: Ocean Power Technologies makes ocean-based power and sensor equipment and services for maritime customers. The business is very small and losing much more money than it brings in, and it has not been profitable in years. At $0.72 a share on 2026-10-13, the price looks expensive compared with its tiny sales and large losses; this is a highly speculative stock.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-07-31) · fiscal Q3 2026 10-Q (period ended 2026-01-31) · fiscal Q2 2026 10-Q (period ended 2025-10-31) · fiscal Q1 2026 10-Q (period ended 2025-07-31) · FY2026 10-K (period ended 2026-04-30) · FY2025 10-K (period ended 2025-04-30) · FY2024 10-K (period ended 2024-04-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer