Ocean Power Techs Q2 EPS $(0.12) Down From $(0.09) YoY, Sales $889.00K Up From $300.00K YoY
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies (OPTT) reported a wider Q2 loss of $(0.12) per share compared to $(0.09) YoY, despite a significant increase in sales to $889.00K from $300.00K YoY.
December 13, 2023 | 9:21 pm
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NEUTRAL IMPACT
OPTT reported a 33.33% increase in losses per share but a 196.33% increase in sales compared to the same quarter last year.
The wider loss per share could negatively impact investor sentiment, while the substantial increase in sales might suggest growth potential. The mixed results create uncertainty, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100