Ocean Power Technologies Inc (OPTT)

[jobynimble]

Link to Form 8-A: https://www.sec.gov/Archives/edgar/data/1378140/000149315223023009/form8-a12b.htm

Item 1. Description of Registrant’s Securities to be Registered.

On June 29, 2023, the Board of Directors (the “Board”) of Ocean Power Technologies, Inc., a Delaware corporation (the “Company”), approved and adopted a Section 382 Tax Benefits Preservation Plan, dated as of June 29, 2023, by and between the Company and Computershare Trust Company, N.A., a federally chartered trust company, as Rights Agent (the “Tax Benefits Preservation Plan” or the “Plan”). Pursuant to the Tax Benefits Preservation Plan, the Board declared a dividend of one preferred share purchase right (each, a “Right”) for each outstanding share of common stock, par value $0.001, of the Company (the “Common Stock”). The dividend is distributable to stockholders of record as of the close of business on July 11, 2023 (the “Record Date”).

Click above link to read the rest of the filing…

[jobynimble]

Link to press release included as part of the 8-K: https://www.sec.gov/Archives/edgar/data/1378140/000149315223023008/ex99-1.htm

OPT Adopts Tax Benefits Preservation Plan to Protect Long-term Shareholder Value By Preserving Significant Tax Assets

MONROE TOWNSHIP, N.J., June 30, 2023 – Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that its Board of Directors has approved the adoption of a tax benefits preservation plan (or “the plan”) in the form of a Section 382 Rights Agreement. The plan is designed to protect and preserve OPT’s tax assets primarily associated with net operating loss carryforwards or NOLs that could potentially be utilized in certain circumstances to offset OPT’s future taxable income and reduce its federal income tax liability.

Section 382 of the Internal Revenue Code imposes limitations on the future use of a company’s NOLs if it undergoes an “ownership change.” OPT’s ability to benefit from its tax assets would be substantially limited by Section 382 if an “ownership change” occurred. A company experiences an “ownership change” for tax purposes if the percentage of stock owned by one or a group of its 5% stockholders (as defined for tax purposes) increases by more than 50 percentage points over a rolling three-year period over the lowest percentage of stock of such corporation owned by such stockholders at any time during that period.

OPT’s tax benefits preservation plan is similar to those adopted by numerous other public companies with significant NOLs. In order to protect OPT’s NOLs from being limited or permanently lost under Section 382, the tax benefits preservation plan is intended to reduce the likelihood of an unintended “ownership change” occurring through the buying and selling of OPT’s common stock, $0.001 par value per share (the “common stock”). OPT’s tax benefits preservation plan is intended to deter any person or group from acquiring beneficial ownership of 4.99% or more of OPT’s outstanding common stock without the approval of the Board. OPT’s tax benefits preservation plan does not, however, block anyone from buying or selling OPT’s common stock. Accordingly, there can be no assurance that the tax benefits preservation plan will prevent an “ownership change.”

Under the terms of the tax benefits preservation plan, OPT will distribute to its stockholders one preferred stock purchase right for each share of OPT’s common stock held as of the close of business on July 11, 2023. Any shares of common stock issued after the July 11, 2023 record date will be issued together with associated preferred stock purchase rights.

Under the tax benefits preservation plan, the rights will initially trade with OPT’s common stock. The rights will generally become exercisable only if a person (or any persons acting as a group) acquires beneficial ownership of 4.99% or more of OPT’s outstanding common stock, without the approval of the Board, after the first public announcement by OPT of the adoption of the tax benefits preservation plan. A person or group who acquires, without the approval of the Board, beneficial ownership of 4.99% or more of OPT’s outstanding common stock could be subject to significant dilution.

If the preferred stock purchase rights become exercisable, all holders of rights, other than the person or group triggering the rights, will be entitled to purchase OPT’s common stock at a 50% discount. The Board also has the option to cause the exchange of one share of common stock for each preferred stock purchase right held (other than the rights held by the person or group triggering the rights). Preferred stock purchase rights held by the person or group triggering the rights will become null and void and will not be exercisable, exchangeable, or transferable.

Stockholders who beneficially owned 4.99% or more of OPT’s outstanding common stock prior to the first public announcement by OPT of the adoption of the tax benefits preservation plan will not trigger any penalties under the tax benefits preservation plan so long as they do not acquire beneficial ownership of any additional shares of common stock (other than pursuant to a stock split, stock dividend, reclassification, or similar transaction effected by OPT) at a time when they still beneficially own 4.99% or more of such common stock. The Board also has the discretion to exempt any acquisition of OPT’s common stock from the provisions of the tax benefits preservation plan.

The preferred stock purchase rights and the tax benefits preservation plan will expire no later than June 29, 2026. The preferred stock purchase rights and the tax benefits preservation plan may also expire on an earlier date upon the occurrence of other events, including a determination by OPT’s Board that the tax benefits preservation plan is no longer necessary for the preservation of OPT’s tax attributes. The preferred stock purchase rights may also be redeemed, exchanged, or terminated prior to their expiration.

Additional information with respect to the tax benefits preservation plan will be contained in the related Current Report on Form 8-K and Registration Statement on Form 8-A that OPT will file with the Securities and Exchange Commission. Copies of these documents can be obtained free of charge, when available, at the SEC’s website, www.sec.gov, and at OPT’s website, www.OceanPowerTechnologies.com.

About Ocean Power Technologies

OPT is a provider of ocean energy and intelligent data services. OPT provides these services through its innovative low-carbon distributed and autonomous ocean power and data solutions, combined with its offshore engineering and design services. ‘OPT’s PowerBuoy® platforms offer persistent, reliable, and economical power and communications for remote surface and subsea applications for markets such as offshore energy, defense and security, science and research, and communications. OPT is headquartered in Monroe Township, New Jersey. To learn more, visit www.OceanPowerTechnologies.com.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined under the U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995, and is subject to the safe harbors created by such laws. Forward-looking statements contained in this press release may relate to, but are not limited to, statements regarding our future taxable income, our ability to utilize and realize the value of our net operating loss carryforwards and how they could be limited or eliminated if we experienced an ownership change as defined in Section 382 of the Internal Revenue Code and whether the tax benefits preservation plan will reduce the likelihood of such an unintended ownership change from occurring. Such forward-looking statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. Information on factors that may impact these forward-looking statements can be found in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections contained in OPT’s periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its latest Annual Report on Form 10-K and its latest Quarterly Report on Form 10-Q, copies of which may be obtained from www.sec.gov. The forward-looking statements in this press release are made as of the date hereof. Notwithstanding changes that may occur with respect to matters relating to any forward-looking statements, OPT assumes no obligation to publicly update, amend, or clarify its forward-looking statements, whether as a result of new information, future events, or otherwise, except as may otherwise be required by the federal securities laws. OPT, however, reserves the right to update such statements or any portion thereof at any time for any reason.

Contact Information

Investors:
609-730-0400 x401
[e-mail]

Media:
609-730-0400 x402
[e-mail]

or

Longacre Square Partners
Dan Zacchei / Rebecca Kral
[e-mail] / [e-mail]

[jobynimble]

Link to 8-K: https://www.sec.gov/ix?doc=/Archives/edgar/data/1378140/000149315223023008/form8-k.htm

[jobynimble]

Several filings out today, including a press release…

Link to filings: https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001378140&owner=exclude

[mick]

OPTT
Ocean Power Technologies Inc
0.5898
-0.0102 (-1.70%)
Volume: 168,501
Day Range: 0.58 - 0.62
Last Trade Time: 8:00:00 PM EDT

[jobynimble]

MONROE TOWNSHIP, N.J., June 15, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2023 fourth quarter and full-year ended April 30, 2023, results after the market closes on Wednesday, July 12, 2023.

CONFERENCE CALL AND WEBCAST INFORMATION

A conference call has been scheduled to discuss OPT’s financial results the following morning, Thursday, July 13, 2023, at 9:00 a.m. Eastern time. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Treasurer and Controller, will host the call.

The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.
Live webcast: Link to Webcast - OPT 4Q 23 Earnings
Call Replay: Will be available by telephone approximately two hours after the call's completion until August 13, 2023. You may access the replay by dialing 877-660-6853 from the U.S. or 201-612-7415 for international callers and using the Conference ID 1373 8942.
Webcast Replay: The archived webcast will also be available on the OPT investor relations section of its website.

[jobynimble]

https://www.globenewswire.com/en/news-release/2023/06/15/2689394/9069/en/Ocean-Power-Technologies-to-Report-2023-Fourth-Quarter-and-Full-Year-Results-on-July-12-2023.html

[$oldier Hard]

I saw that jo. I looked through it some but lots to try and understand. They seem to be tying up some loose ends but that's just a guess.

[jobynimble]

Another 8-K filing today, and it’s fairly long…

https://www.sec.gov/Archives/edgar/data/1378140/000149315223020665/form8-k.htm

First section…

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Click above link to read entire filing…

Second part…

Item 8.01 Other Events.

On October 19, 2022, the Company filed its Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) with the U.S. Securities and Exchange Commission related to its annual meeting of stockholders to be held on December 14, 2022 (the “2022 Annual Meeting”). Subsequent to the filing of the Proxy Statement, the Company discovered an error in the section of the Proxy Statement entitled “Stockholder Proposals for 2023 Annual Meeting.” The Proxy Statement incorrectly noted the anticipated dates for the opening and closing of the advance notice period for stockholders to submit notice of director nominations and stockholder proposals (other than proposals made pursuant to Rule 14a-8 under the Exchange Act) to be properly brought before the Company’s annual meeting of stockholders to be held in 2023 (the “2023 Annual Meeting”) in accordance with the By-Laws as being from August 10, 2023 to September 12, 2023.

Given that the 2022 Annual Meeting was first convened on December 14, 2022 prior to it being subsequently adjourned to January 13, 2023, a stockholder’s notice of director nominations and stockholder proposals for the 2023 Annual Meeting must be received not earlier than August 16, 2023 and not later than the close of business on September 15, 2023 (except that, in the event that the date of the 2023 Annual Meeting is advanced by more than 20 days, or delayed by more than 60 days, from the first anniversary of the 2022 Annual Meeting (as first convened), a stockholder’s notice must be received no earlier than the 120th day prior to the 2023 Annual Meeting and not later than the close of business on the later of (A) the 90th day prior to the 2023 Annual Meeting and (B) the tenth day following the day on which notice of the date of the 2023 Annual Meeting was mailed or public disclosure of the date of the 2023 Annual Meeting was made, whichever first occurs).

Item 9.01 Financial Statements and Exhibits.

Exhibit
number
Description
3.1 Amended and Restated By-Laws of Ocean Power Technologies, Inc., as adopted on June 9, 2023.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

[$oldier Hard]

That's interesting.

[jobynimble]

8-K filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1378140/000149315223020565/form8-k.htm

Item 1.02 Termination of a Material Definitive Agreement.

Effective June 2, 2023, Ocean Power Technologies, Inc. (the “Company”) terminated its At the Market Offering Agreement with A.G.P/Alliance Global Partners (“AGP”) dated November 20, 2020 (the “AGP Agreement”). Under the AGP Agreement, the Company had sold and issued an aggregate of 17,179,883 shares of its common stock with an aggregate market value of $50.0 million at an average price of $2.91 per share and paid AGP a sales commission of approximately $1.6 million related to those shares. There were no penalties associated with the termination.

[$oldier Hard]

Agreed my friend. Last 10k was 13 July 2022.

[jobynimble]

OPTT on a calendar year, 10K yearly should be out second week next month…

[$oldier Hard]

$OPTT looks to be doing ok to me. Keep your posts on topic.

[Lowjack]

I told you Woke = Broke!

[mick]

OPTT
Ocean Power Technologies Inc
0.5299
0.0099 (1.90%)
Volume: 79,612
Day Range: 0.515 - 0.5299
Last Trade Time: 8:00:00 PM EDT

[$oldier Hard]

There's a saying that goes, volume before price, and looks like the volume has been average or above average the last several days so...

[John_Vallay]

What does the volume hit mean?

[$oldier Hard]

$OPTT nice little bit of volume hit.

[mick]

OPTT
Ocean Power Technologies Inc
0.517
0.0236 (4.78%)
Volume: 123,131
Day Range: 0.4902 - 0.52
Last Trade Time: 8:00:00 PM EDT

[JeffTee]

Great analysis about the perpetual loser opttt. It has mo path towards profitability and trying to lease product that doesn’t sell will not work either. Great short to zero.

[John_Vallay]

Another press release

Will any sales occur from this press release??

doing a "DEAL" with a government agency is not a profitable endeavor. in fact, it can be a bad business deal. don't let US GOVERNMENT deals lead you to believe that it is good for the business.

OPTT management has a proven track record of losing money with no results.

Another press release on top of the hundreds of past press releases

[jobynimble]

https://www.globenewswire.com/en/news-release/2023/04/21/2651883/9069/en/Ocean-Power-Technologies-Signs-0-5M-Extension-to-Provide-WAM-V-22-for-ongoing-Activities-Overseas.html

[mick]

$OPTT

re;
Ocean Power Technologies Announces Deployment of Next Generation Wave Energy Converter Buoy
April 13 2023 - 08:00AM
GlobeNewswire Inc.
Print
Share On Facebook

Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), a leader in innovative, cost-effective, and autonomous low-carbon marine data, power, and consulting service solutions, is pleased to announce the successful first ocean test of its next-generation increased power wave energy converter buoy, the Mass-On-Spring-Wave-Energy-Converter (MOSWEC) prototype. OPT has reported the operational sized buoy, deployed offshore of New Jersey, has been performing as expected and has already endured storm conditions at sea.
Building on the success of its previous wave energy converter, the PB3, the MOSWEC prototype represents a significant improvement in multiple aspects. The innovative design enables modularity and commonality for the next generation buoy platform, making it more efficient in terms of transportation, serviceability, and maintainability. Additionally, the MOSWEC buoy will be more cost-effective for customers.

One of the key advancements of the MOSWEC is its fully sealed design, eliminating all externally moving parts, which further increases reliability and lowers maintenance costs. This innovation ensures that the energy converter operates efficiently and effectively in marine environments and supports all of OPT’s existing solutions, and expected future integration with vehicles, such as OPT’s WAM-V. This opens new possibilities for renewable energy generation, ocean security, and other applications in marine environments.

Furthermore, the MOSWEC prototype allows for the integration of wind and solar energy generation, providing increased and diversified energy output compared to the PB3. This feature, combined with the buoy’s performance in storm conditions, makes the MOSWEC prototype a more versatile and sustainable solution for powering various applications.

“We are thrilled to announce the deployment of our operational size MOSWEC prototype, which represents a significant advancement in wave energy conversion technology,” said Philipp Stratmann, President, and Chief Executive Officer of OPT. “With its smaller size, lower price, sealed design, and increased energy generation capabilities, the MOSWEC prototype is a major step forward in our mission to provide innovative and sustainable marine energy solutions.”

OPT holds multiple patents related to MOSWEC technology, which generates power from the relative motion caused by ocean waves. The Company’s commitment to advancing clean and reliable ocean energy solutions aligns with the nation’s blue economy goals and supports the transition to a more sustainable future.

About Ocean Power Technologies

OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASVs) and marine robotics services through our wholly owned subsidiary Marine Advanced Robotics. We are headquartered in Monroe Township, New Jersey, and have offices in Houston, Texas, and Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.

Forward-Looking Statements

This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.



Contact Information

Investors: 609-730-0400 x401 or [e-mail]

Media: 609-730-0400 x402 or [e-mail]
Primary Logo

[mick]

YES WAS $4.00 BACK ah few / Ocean Power Technologies

[John_Vallay]

This company has issued press release after press release after PR announcing some great accomplishment and internal milestone. This goes back to days before Kirby and now to this management team.

yet little to no sales
please don't say $2 million a year is real sales.
the little pizzeria down the block from me does way more, meanwhile, OPt has raised $323 million in capital

stock has continued years upon years of decline

the only true accomplishment the company can brag about is the trading volume and liquidity in the stock because that has allowed the company to raise capital on the backs of unsophisticated retail investors.

maybe the idea of waves producing energy and electricity is a great idea, but it would seem as if OPT has developed the technology but no one is buying it.

maybe this is just a business that needs to be funded by a government to see if there is something of any value because there is no value to open market investors.

the investors that participated in the private placements make money because they get the shares at a discount to market and then SELL those shares on the open market to those unsophisticated retail investors that are buying based on a theory or a philosophy that OPT is doing something good

but the facts are undisputable and its a never ending loss for the company and investors

opinions are for dreamers because the thousands of people that lost money on this stock are real people that have been either sold an idea or a promise, or just made a mistake, but its a fact they lost money on their OPT investment

take whatever you were going to spend on OPT stock and go have yourself a nice meal and when you get rid of your meal (after your morning coffee) consider your excrements worth more than the OPT stock you would have bought. because your meal had value at the time, OPT has never had value

[mick]

OPTT
Ocean Power Technologies Inc
0.56
0.0225 (4.19%)
Volume: 165,886
Day Range: 0.54 - 0.56
Last Trade Time: 8:00:00 PM EDT

[$oldier Hard]

$OPTT, today's PR is important imo because it was supported by the Department of Energy and might be looking at follow on contracts with them. This is from the July PR.
Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced that the U.S. Department of Energy (DOE) selected the Company for the Phase II development of a next-generation wave energy converter.

"Following our successful completion of the Phase I DOE Award in April 2022, this continued investment by the U.S. government towards novel, innovative, and clean ocean energy technology is critical to achieving our nation’s blue economy goals," said Philipp Stratmann, President and Chief Executive Officer of OPT. “This award from the DOE will be used to expand our Power-as-a-Service and Data-as-a-Service solutions, which will help us to expedite the development of our next generation of wave energy conversion technologies.”

In the DOE’s recently published awards for clean energy Small Business Innovation Research (SBIR) projects, OPT will receive up to $1,097,212 over the next 18-24 months to develop and test a modular and scalable Mass-on-Spring Wave Energy Converter (MOSWEC) PowerBuoy® for reliable powering of autonomous ocean monitoring systems, bringing an entirely new PowerBuoy® into our offering.

OPT holds multiple patents related to MOSWEC technology, which generates power from the relative motion caused by the ocean waves. OPT’s MOSWEC design has a hermetically sealed hull to protect internal components, is about the size of a standard shipping container, and is easily transportable and deployable. In addition, the design is scalable to support a wide range of applications and missions, including Maritime Domain Awareness, autonomous vehicle charging, and subsea power.

[$oldier Hard]

Not sure why the company is being quiet and letting us wallow around down here. From the 3rd quarter report there are at least a couple decent pr's that they could have put out instead of telling us in the q and instead of on twitter. If they are trying to save money well a pr is not that expensive.
Examples. Pick a couple that would have told us what they are up to.

Partnered with Task Force 59 of the U.S. Navy on a new project in Bahrain to support the Digital Horizon exercise for use of Unmanned Surface Vehicles. Digital Horizon was completed in January 2023 and is already leading to follow on deployments as noted below.
Awarded a minimum $0.4 million follow-on contract with Task Force 59 in Bahrain to provide WAM-V’s to support the International Maritime Exercise 2023 (IMX23) as a result of the successful demonstrations during Digital Horizon.
Obtained final acceptance for the buoy deployed at Enel Green Power Chile (EGP).
Deployed the first WAM-V 16 leased to Sulmara Subsea, Inc. (Sulmara). In February 2023 we received an order for the lease of a second WAM-V 16 to Sulmara. These are noteworthy as they were the first two WAM-V sales using our leasing model.

[jobynimble]

A broken clock is right twice a day, lol…

Keep shorting…

[JeffTee]

As I continue to say, this company will not be able to stop the continuing losses. In fact, the inexperienced CEO has increased losses for 2 years and will deliver over 50 million in losses shortly. Only bet I think is to short it to zero.

[spec machine]

The leasing program is a very wise move, provided the initial payment is fairly substantial

The on-hire rate should be around 2-3% of the equipment’s full cost per operating day in a marine environment

Love the technology, but only feasible in remote autonomous applications

Hate the stock, wouldn’t touch it with their current financial performance

I’m a looker, not a buyer …

…for now

spec

[jobynimble]

https://www.globenewswire.com/en/news-release/2023/03/13/2626177/9069/en/Ocean-Power-Technologies-Inc-Announces-Third-Quarter-Fiscal-2023-Results.html

[$oldier Hard]

$OPTT. The 3 stooges, H, ARCA and OTCBB. Might be sorry.

[mick]

OPTT
Ocean Power Technologies Inc
0.5934
0.0334 (5.96%)
Volume: 92,621
Day Range: 0.55 - 0.579899
Last Trade Time: 8:00:00 PM EST

[JeffTee]

Optt is continuing its horrid fate of losing investor money. Revenue this year will be less than 2 million dollars and cash losses over 23 million. Optt will continue your losses. Avoid or short to make money!

[glenn1919]

OPTT...............................https://stockcharts.com/h-sc/ui?s=OPTT&p=D&yr=0&mn=2&dy=12&id=p84071410134

[$oldier Hard]

Look forward to it, seeing that's about all we do hear from them.

[jobynimble]

https://www.globenewswire.com/en/news-release/2023/02/13/2607128/9069/en/Ocean-Power-Technologies-to-Report-2023-Third-Quarter-Results-on-March-13-2023.html

MONROE TOWNSHIP, N.J., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2023 third quarter for the period ended January 31, 2023 results after the market closes on Monday, March 13, 2023.

CONFERENCE CALL AND WEBCAST INFORMATION

A conference call to discuss OPT’s financial results will be held the following morning, Tuesday, March 14, 2023, at 9:00 a.m. Eastern time. Philipp Stratmann, CEO, Bob Powers, CFO, and Joseph Dipietro, Treasurer and Controller, will host the call.

The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.

Live webcast: Link to 3Q23 Webcast for OPT

Call Replay: Will be available by telephone approximately two hours after the call's completion until June 14, 2023. You may access the replay by dialing 877-660-6853 from the U.S. or 201-612-7415 for international callers and using the Conference ID 1373 6523.

Webcast Replay: The archived webcast will also be available on the OPT investor relations section of its website.

[mick]

OPTT
Ocean Power Technologies Inc
0.6714
-0.0363 (-5.13%)
Volume: 309,966
Day Range: 0.61 - 0.7077
Last Trade Time: 8:00:00 PM EST

[$oldier Hard]

Small gap from yesterday filled and that pulled her back out of the power zone. Onward.

[jobynimble]

Going to zero? Not today, LOL!!!

0.6398
Up 0.109699 (20.69%)

[mick]

OPTT
Ocean Power Technologies Inc
0.6398
0.109699 (20.69%)
Volume: 527,804
Day Range: 0.5566 - 0.6625
Last Trade Time: 8:00:00 PM EST
Total Trades: 1,541

[mick]

glenn dis can explode anytime $optt

[glenn1919]

OPTT.........................https://stockcharts.com/h-sc/ui?s=OPTT

[$oldier Hard]

Great volume!

[$oldier Hard]

Agreed, imo could be huge buying opportunities here while some folks could be selling some for tax loss purposes.
I've been on a long vacation but will be buying.

[jobynimble]

Until it goes back up, again, lol…

[JeffTee]

Over valued - marching to zero. No product, poor management and a fee taking board adding nothing and avoiding their fiduciary duties.

[JeffTee]

Scammy! This company spends money on fake news - promotions via paying Water Tower Research. Check out WTR’s website where it says it gets paid for its free reports to anyone registering. Spoiler alert. This is not disclosed by the company or WTR when it puts its articles out. Don’t get scammed. Do your own due diligence. This company will never get sales to enable it to make money with its existing management team and it’s board.