OPTT on NYSE

Ocean Power Technologies Australasia

Ocean Power Technologies Australasia Pty Ltd (OPTA) is an Australian company, a subsidiary of Ocean Power Technologies Inc (OPT) of the United States, a renewable energy company, providing power generation devices, services and related equipment for the extraction of energy from ocean waves. In 2009 OPTA was part of Victorian Wave Partners formed to develop a 19 megawatt wave power project near Portland, Victoria connected to the grid.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

$700.0KRevenue, fiscal 20264
-$48.9MNet income, fiscal 20264
1984Founded1

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  • TickerOPTT on NYSE1
  • IndustryElectric Services1
  • HeadquartersPerth1
  • Founded inPerth1
  • Websiteoptaustralasia.com.au/index.html
  • Incorporated inNJ5
  • Business address28 Engelhard Drive, Suite B, Monroe Township, Nj 088315
  • Filer categoryNon-accelerated filer, Smaller reporting company5

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Ocean Power Technologies Australasia Pty Ltd (OPTA) is an Australian company, a subsidiary of Ocean Power Technologies Inc (OPT) of the United States, a renewable energy company, providing power generation devices, services and related equipment for the extraction of energy from ocean waves.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-845.9%Gross margin4
-5480.4%Operating margin4
-6987.9%Net margin4
-88.1%Revenue growth, 20264
-392.1%Return on equity4
0.96×Debt to equity4
-$24.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product and service revenue brought in 56% of the revenue Ocean Power Technologies Australasia broke down this way in fiscal 2026.

  1. Product and service revenue$3.1M456%down 43% from 2025
  2. Wam-V$1.4M425%down 69% from 2025
  3. Lease Revenue$639.0K412%up 41% from 2025
  4. Buoy$365.0K47%down 38% from 2025
Products and services by year
Products and services20252026
Product and service revenue$5.4M$3.1M
Wam-V$4.6M$1.4M
Lease Revenue$453.0K$639.0K
Buoy$589.0K$365.0K

Regions

EMEA brought in 48% of the revenue Ocean Power Technologies Australasia broke down this way in fiscal 2026.

  1. EMEA$1.8M448%down 5% from 2025
  2. North and South America$1.2M433%down 68% from 2025
  3. Asia and Australia$724.0K419%up 514% from 2025
Regions by year
Regions20252026
EMEA$1.9M$1.8M
North and South America$3.9M$1.2M
Asia and Australia$118.0K$724.0K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue99¢$9.7M
  • Interest1¢$124.0K

Out of $700.0K in revenue.4 The company lost money this year.

Financial statements

Revenue78910114$700.0K in 2026+11% since 2019
0$2.0M$4.0M$6.0M2019: $632.0K$632.0K20192020: $1.7M$1.7M2020+166%2021: $1.2M$1.2M2021−28%2022: $1.8M$1.8M2022+46%2023: $2.7M$2.7M2023+55%2024: $5.5M$5.5M2024+102%2025: $5.9M$5.9M2025+6%2026: $700.0K$700.0K2026−88%
Gross profit7891210114-$5.9M in 2026+782% since 2019
-$7.5M-$5.0M-$2.5M0$2.5M$5.0M2019: -$671.0K-$671.0K20192020: -$105.0K-$105.0K2020−84%2021: -$1.1M-$1.1M2021+922%2022: -$101.0K-$101.0K2022−91%2023: $236.0K$236.0K20232024: $2.8M$2.8M2024+1097%2025: $1.7M$1.7M2025−41%2026: -$5.9M-$5.9M2026
Operating income7891210114-$38.4M in 2026+189% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$13.3M-$13.3M20192020: -$11.4M-$11.4M2020−14%2021: -$13.6M-$13.6M2021+20%2022: -$21.6M-$21.6M2022+59%2023: -$29.2M-$29.2M2023+36%2024: -$29.3M-$29.3M2024+0%2025: -$21.7M-$21.7M2025−26%2026: -$38.4M-$38.4M2026+77%
Net income7891210114-$48.9M in 2026+299% since 2019
-$60.0M-$40.0M-$20.0M02019: -$12.2M-$12.2M20192020: -$10.4M-$10.4M2020−15%2021: -$14.8M-$14.8M2021+43%2022: -$18.9M-$18.9M2022+28%2023: -$26.3M-$26.3M2023+39%2024: -$27.5M-$27.5M2024+4%2025: -$24.5M-$24.5M2025−11%2026: -$48.9M-$48.9M2026+100%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2026-04-302025-04-30
Total revenue$3.7M$5.9M
Cost of revenue$9.7M$4.2M
Gross margin-$5.9M$1.7M
Operating expenses$32.4M$23.3M
Operating loss-$38.4M-$21.7M
Interest (expense)/income, net-$2.8M$47.0K
Other expense-$878.0K-$22.0K
Change in fair value of financial instrument-$5.7M-$3.0M
Loss on extinguishment of debt-$1.2M-$838.0K
Foreign exchange loss-$13.0K-$45.0K
Loss before income taxes-$48.9M-$25.5M
Income tax benefit$1.0M
Net loss-$48.9M-$24.5M
Basic net loss per share-$0.25-$0.19
Diluted net loss per share-$0.25-$0.19
Weighted average shares used to compute basic net loss per share194.3M shares126.9M shares
Weighted average shares used to compute diluted net loss per share194.3M shares126.9M shares

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The story

Wave Energy Company Finds Its Sea Legs

Victoria project - January

Victoria Australia project to add jobs - July

Ocean Power Technologies and Lockheed Martin take wave power down under - July

Ocean Power Technologies and Lockheed Martin to Develop Wave-Energy Project in Australia - July

Innovations In Wave Power: An Interview With Dr. George Taylor - July

Lockheed Martin, Woodside in wave power project - July

Oregon wave power project gets green light to go forward - August

Read the full text

Ocean Power Technologies Receives Federal Approval for the First Commercial Wave Farm in the US - August

Federal approval for the first commercial wave farm

Reedsport Development News - September

OPT To Work With U.S. Department Of Homeland Security - September

Reedsport Development Update - Deployment in spring 2013 - October

Alliance with Mitsui Engineering & Shipbuilding-Japan - October

Herald On-Line: Mitsui Alliance - October

OPT Contract Awarded by Mitsui - October

OPT and Mitsui to steer wave device to possible Japan launch - October

OPT Establishes New Business Unit to Drive Growth - November

From Wikipedia’s article on Ocean Power Technologies Australasia, shared under CC BY-SA 4.0.6

Leadership

Who has led Ocean Power Technologies Australasia, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. George W. Taylor2007–2009
  2. Mark Draper2007–2009
  3. Charles F. Dunleavy2010–2014
  4. George H. Kirby Iii.2015–2021
  5. Philipp Stratmann2021–now

Chair

  1. George W. Taylor2009–2012
  2. Charles F. Dunleavy2012–2014

President

  1. George H. Kirby Iii.2015–2021
  2. Philipp Stratmann2021–now

Chief financial officer

  1. Charles F. Dunleavy2007–2009
  2. Brian M. Posner2010–2013
  3. Mark A. Featherstone2013–2016
  4. Matthew T. Shafer2016–2021

Chief operating officer

  1. Mark Draper2008
  2. David R. Heinz2014–2015
1990200020102020
Board members and other officers (35)

Timeline

  1. Jun 23, 2021New chief executive Philipp Stratmann becomes CEO16
  2. Jan 23, 2015New chief executive George H. Kirby Iii. becomes CEO17
  3. Feb 1, 2010New chief executive Charles F. Dunleavy becomes CEO18
  4. Apr 25, 2007Went public Listed on NASDAQ1
  5. Apr 24, 2007New chief executive George W. Taylor becomes CEO19
  6. Apr 24, 2007New chief executive Mark Draper becomes CEO20
  7. 1984Founded Founded in Perth1

Filings

393 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 122 major events, 98 insider forms, 10 large holders, 140 other. The latest 20:

  1. Oct 14, 2026EFFECT EDGAR
  2. Oct 14, 2026424B5 EDGAR
  3. Oct 7, 20268-K/A EDGAR
  4. Oct 7, 20268-K EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20263 EDGAR
  7. Oct 2, 2026PRE 14A EDGAR
  8. Sep 25, 2026S-1/A EDGAR
  9. Sep 25, 20268-K EDGAR
  10. Sep 17, 20268-K EDGAR
  11. Sep 14, 202610-Q EDGAR
  12. Sep 11, 20268-K EDGAR
  13. Sep 8, 2026S-1 EDGAR
  14. Aug 28, 2026DRS EDGAR
  15. Aug 25, 2026S-1 EDGAR
  16. Aug 24, 20268-K EDGAR
  17. Aug 20, 20268-K EDGAR
  18. Aug 19, 202610-K EDGAR
  19. Aug 17, 2026DEFA14A EDGAR
  20. Aug 17, 20268-K EDGAR

The 393 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 11 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 16, 2025Stratmann PhilippPresident and CEOBuy7,750$0.33$2.6KForm 4
Dec 15, 2025Stratmann PhilippPresident and CEOBuy6,298$0.34$2.1KForm 4
Dec 15, 2025Powers Robert PatrickSenior VP and CFOBuy14,723$0.34$5.0KForm 4
Sep 17, 2025Stratmann PhilippPresident and CEOBuy3,989$0.50$2.0KForm 4
Nov 25, 2024Slaiby Peter E.DirectorBuy35,000$0.19$6.7KForm 4
Nov 13, 2024Cryan Terence JamesDirectorBuy100,000$0.15$15.0KForm 4
Sep 28, 2023Slaiby Peter E.DirectorBuy25,000$0.39$9.8KForm 4
Sep 18, 2023Powers Robert PatrickSenior VP and CFOBuy12,345$0.40$4.9KForm 4
Sep 18, 2023Cryan Terence JamesDirectorBuy15,000Form 4
Sep 15, 2023Cryan Terence JamesDirectorBuy30,000Form 4
Sep 15, 2023Stratmann PhilippPresident and CEOBuy12,115$0.41$5.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

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