Ocean Power Technologies FY24 EPS $(0.47), Same YoY; Revenue $5.525M Vs $2.732M YoY
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies reported its FY24 EPS at $(0.47), unchanged from the previous year. However, the company's revenue increased significantly to $5.525 million from $2.732 million year-over-year.
July 25, 2024 | 8:51 pm
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Ocean Power Technologies reported a stable EPS of $(0.47) for FY24, the same as the previous year. However, the company saw a significant increase in revenue, rising to $5.525 million from $2.732 million year-over-year.
The stable EPS indicates that the company has managed to maintain its profitability levels, while the significant increase in revenue suggests strong business growth. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100