Ocean Power Technologies reports increased revenue on strong demand for Q2
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Ocean Power Technologies Inc (NYSE-A:OPTT) reported a significant increase in revenue for Q2 2025, with a 2.7x year-over-year rise to $2.4 million. The company also reduced its net loss by 46% to $3.9 million and cut operating expenses by 41%.
December 16, 2024 | 10:00 pm
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Ocean Power Technologies reported a 2.7x increase in revenue for Q2 2025, reducing net loss by 46% and cutting operating expenses by 41%.
The significant increase in revenue and reduction in net loss and operating expenses are positive indicators for Ocean Power Technologies. These results suggest improved financial health and operational efficiency, likely leading to a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100