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Ocean Power Technologies

DB:RUOC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RUOC
DB
$3M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, Europe, Australia, and Asia. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Ocean Power Technologies has significant price volatility in the past 3 months.
RUOC Share Price and Events
7 Day Returns
2.5%
DB:RUOC
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-97.3%
DB:RUOC
-8.2%
DE Electrical
-17.5%
DE Market
RUOC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ocean Power Technologies (RUOC) 2.5% -43.5% -59% -97.3% -99.2% -99.7%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • RUOC underperformed the Electrical industry which returned -8.2% over the past year.
  • RUOC underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
RUOC
Industry
5yr Volatility vs Market

Value

 Is Ocean Power Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Ocean Power Technologies. This is due to cash flow or dividend data being unavailable. The share price is €0.322.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ocean Power Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ocean Power Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RUOC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in USD $-2.12
NasdaqCM:OPTT Share Price ** NasdaqCM (2020-03-31) in USD $0.36
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ocean Power Technologies.

DB:RUOC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:OPTT Share Price ÷ EPS (both in USD)

= 0.36 ÷ -2.12

-0.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ocean Power Technologies is loss making, we can't compare its value to the DE Electrical industry average.
  • Ocean Power Technologies is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Ocean Power Technologies's expected growth come at a high price?
Raw Data
DB:RUOC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ocean Power Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ocean Power Technologies's assets?
Raw Data
DB:RUOC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in USD $1.13
NasdaqCM:OPTT Share Price * NasdaqCM (2020-03-31) in USD $0.36
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:RUOC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:OPTT Share Price ÷ Book Value per Share (both in USD)

= 0.36 ÷ 1.13

0.32x

* Primary Listing of Ocean Power Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ocean Power Technologies is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Ocean Power Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Ocean Power Technologies has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ocean Power Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ocean Power Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
69.2%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ocean Power Technologies expected to grow at an attractive rate?
  • Unable to compare Ocean Power Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ocean Power Technologies's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Ocean Power Technologies's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:RUOC Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:RUOC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RUOC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-31 1 -11 -12
2019-10-31 1 -11 -11
2019-07-31 1 -12 -12
2019-04-30 1 -12 -12
2019-01-31 1 -12 -13
2018-10-31 0 -12 -12
2018-07-31 0 -10 -11
2018-04-30 1 -11 -10
2018-01-31 1 -11 -9
2017-10-31 1 -10 -10
2017-07-31 1 -11 -8
2017-04-30 1 -10 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ocean Power Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if Ocean Power Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RUOC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ocean Power Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RUOC Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-31 -2.12
2019-10-31 -2.90
2019-07-31 -4.68
2019-04-30 -9.52
2019-01-31 -14.06
2018-10-31 -13.22
2018-07-31 -12.76
2018-04-30 -13.24
2018-01-31 -15.45
2017-10-31 -22.17
2017-07-31 -24.59
2017-04-30 -44.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ocean Power Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Ocean Power Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Ocean Power Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Ocean Power Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Ocean Power Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ocean Power Technologies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ocean Power Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ocean Power Technologies's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ocean Power Technologies does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Ocean Power Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ocean Power Technologies's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Ocean Power Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ocean Power Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RUOC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 1.32 -11.64 7.34 4.28
2019-10-31 0.87 -11.33 7.25 4.77
2019-07-31 0.80 -12.03 7.26 5.03
2019-04-30 0.63 -12.25 7.62 4.98
2019-01-31 0.66 -13.00 7.93 5.03
2018-10-31 0.39 -12.05 7.50 4.96
2018-07-31 0.35 -10.73 7.40 4.37
2018-04-30 0.51 -10.16 6.99 4.32
2018-01-31 0.54 -9.48 6.67 4.53
2017-10-31 0.76 -9.93 6.71 4.17
2017-07-31 0.84 -8.32 6.69 4.50
2017-04-30 0.84 -9.49 6.56 5.03
2017-01-31 0.69 -10.89 6.19 5.53
2016-10-31 0.48 -10.73 6.26 6.33
2016-07-31 0.80 -12.79 6.36 6.20
2016-04-30 0.71 -13.13 6.75 7.05
2016-01-31 1.09 -12.42 7.20 7.33
2015-10-31 1.42 -12.65 7.47 6.67
2015-07-31 2.67 -13.99 8.36 6.71
2015-04-30 4.11 -13.11 9.57 4.15
2015-01-31 3.99 -13.05 11.02 3.12
2014-10-31 3.86 -11.60 10.83 2.83
2014-07-31 2.58 -10.50 9.93 3.21
2014-04-30 1.50 -10.97 9.36 4.56
2014-01-31 1.53 -11.89 8.40 5.53
2013-10-31 2.20 -12.61 8.99 5.34
2013-07-31 3.09 -14.10 9.29 6.67
2013-04-30 3.62 -14.68 9.13 7.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Ocean Power Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ocean Power Technologies has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ocean Power Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ocean Power Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ocean Power Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ocean Power Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ocean Power Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ocean Power Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ocean Power Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ocean Power Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Ocean Power Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ocean Power Technologies Company Filings, last reported 2 months ago.

DB:RUOC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 9.77 0.00 9.95
2019-10-31 10.75 0.00 10.61
2019-07-31 12.83 0.00 13.44
2019-04-30 15.78 0.00 16.66
2019-01-31 1.45 0.00 2.22
2018-10-31 3.60 0.00 3.85
2018-07-31 7.08 0.00 7.67
2018-04-30 10.24 0.00 11.52
2018-01-31 13.42 0.00 14.39
2017-10-31 15.00 0.00 16.34
2017-07-31 10.09 0.00 11.44
2017-04-30 5.45 0.00 8.45
2017-01-31 7.79 0.03 11.19
2016-10-31 9.62 0.00 12.54
2016-07-31 3.33 0.06 9.12
2016-04-30 3.53 0.08 6.81
2016-01-31 6.76 0.08 9.46
2015-10-31 8.35 0.10 10.36
2015-07-31 11.23 0.13 14.24
2015-04-30 15.26 0.15 17.41
2015-01-31 18.53 0.18 19.92
2014-10-31 20.57 0.20 22.73
2014-07-31 24.76 0.23 24.87
2014-04-30 28.10 0.25 28.35
2014-01-31 16.64 0.28 17.41
2013-10-31 14.76 0.30 16.53
2013-07-31 14.55 0.33 17.33
2013-04-30 18.12 0.35 20.37
  • Ocean Power Technologies has no debt.
  • Ocean Power Technologies has no debt compared to 5 years ago when it was 0.9%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Ocean Power Technologies has less than a year of cash runway based on current free cash flow.
  • Ocean Power Technologies has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.7% each year.
X
Financial health checks
We assess Ocean Power Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ocean Power Technologies has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ocean Power Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ocean Power Technologies dividends.
If you bought €2,000 of Ocean Power Technologies shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ocean Power Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ocean Power Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:RUOC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ocean Power Technologies has not reported any payouts.
  • Unable to verify if Ocean Power Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ocean Power Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ocean Power Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ocean Power Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ocean Power Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ocean Power Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ocean Power Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Kirby
COMPENSATION $719,862
AGE 49
TENURE AS CEO 5.3 years
CEO Bio

Mr. George H. Kirby III has served as President, Chief Executive Officer and a Member of the Board of Directors of Ocean Power Technologies Incorporated since January 2015. Prior to this, he joined AECOM Technology Corporation (“AECOM”), a leading provider of engineering, procurement and construction (“EPC”) services in September 2013 as Senior Vice President. Prior to AECOM, he joined SAIC Energy, Environment, & Infrastructure in January 2012, as Managing Director for their Asset Transactions group providing power generation investors and developers with technical and market consulting and advisory services and was promoted to Vice President in 2013 providing EPC services to Investor Owned Utilities. In 2009, he joined American Superconductor as Director of Global Sales and was promoted to Managing Director of the Americas and Australia in 2011. From 2000 to 2009, Mr. Kirby held significant leadership roles at General Electric in both GE Energy and GE Capital in product development, global sales, quality and project finance. In June 2016, Mr. Kirby was elected to the Board of Trustees of the Sea Research Foundation. Mr. Kirby previously served as a Director of Blade Dynamics, LLC from April to December 2011 and Schooner, Inc. from June to October 2012.

CEO Compensation
  • George's compensation has been consistent with company performance over the past year, both up more than 20%.
  • George's remuneration is higher than average for companies of similar size in Germany.
Management Team

George Kirby

TITLE
President
COMPENSATION
$720K
AGE
49
TENURE
5.3 yrs

Matthew Shafer

TITLE
CFO, VP of Finance & Treasurer
COMPENSATION
$377K
AGE
48
TENURE
3.6 yrs

John Lawrence

TITLE
General Counsel & Secretary
Board of Directors Tenure

Average tenure and age of the Ocean Power Technologies board of directors in years:

3.9
Average Tenure
55
Average Age
  • The tenure for the Ocean Power Technologies board of directors is about average.
Board of Directors

Terry Cryan

TITLE
Independent Chairman of the Board
COMPENSATION
$103K
AGE
57
TENURE
5.8 yrs

George Kirby

TITLE
President
COMPENSATION
$720K
AGE
49
TENURE
5.3 yrs

Dean Glover

TITLE
Independent Vice Chairman of the Board
COMPENSATION
$72K
AGE
53
TENURE
3.8 yrs

Steven Fludder

TITLE
Independent Director
COMPENSATION
$71K
AGE
59
TENURE
3.9 yrs

Robert Winters

TITLE
Independent Director
COMPENSATION
$63K
AGE
51
TENURE
3.9 yrs

Kristine Moore

TITLE
Independent Director
COMPENSATION
$43K
AGE
58
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Aug 19 Buy Kevin Stein Individual 16. Aug 19 16. Aug 19 30,000 €1.38 €41,365
X
Management checks
We assess Ocean Power Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ocean Power Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, Europe, Australia, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and support services, such as innovation, remote monitoring, extended agreement, customization and pre-packaged payload option, engineering-design-testing, mooring design, and marine services. It offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as oil and gas, defense and security, science and research, and communications. The company focuses on serving public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was founded in 1984 and is headquartered in Monroe Township, New Jersey.

Details
Name: Ocean Power Technologies, Inc.
RUOC
Exchange: DB
Founded: 1984
$3,072,084
9,237,736
Website: http://www.oceanpowertechnologies.com
Address: Ocean Power Technologies, Inc.
28 Engelhard Drive,
Suite B,
Monroe Township,
New Jersey, 08831,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM OPTT Common Stock Nasdaq Capital Market US USD 04. Jan 2005
DB RUOC Common Stock Deutsche Boerse AG DE EUR 04. Jan 2005
LSE 0KAM Common Stock London Stock Exchange GB USD 04. Jan 2005
Number of employees
Current staff
Staff numbers
39
Ocean Power Technologies employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:13
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2020/03/09
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.