Ocean Power Technologies, Inc. (OPTT)
Ocean Power Technologies, Inc. (OPTT) is a company dedicated to creating and deploying exclusive technologies that convert the sustainable power of ocean waves into electricity. The firm operates globally, with a presence in North America, South America, Europe, and Asia. A primary offering is their PB3 PowerBuoy system, engineered to provide autonomous power generation for remote offshore locations, independent of traditional electrical grids. Beyond this, OPTT's product line includes hybrid PowerBuoy solutions and subsea battery systems. They also furnish essential supporting services such as software development, control systems, sensor integration, and expert marine installation. The company extends its capabilities to deliver distributed offshore power and critical communication infrastructure for diverse remote surface and subsea applications. These solutions cater to key sectors including defense and security, the offshore oil and gas industry, scientific research, and offshore wind energy. Furthermore, OPTT offers its Wave Adaptive Modular Vessel (WAM-V) technology, which significantly enhances the mobility and operational range of uncrewed maritime systems. This includes leasing WAM-V robotics and providing access to associated information. Their expertise also covers maritime domain awareness solutions and strategic consulting. Finally, the company provides a comprehensive suite of offshore data services, encompassing collection, integration, analysis, and real-time communication for various purposes. OPTT primarily serves a diverse client base of both governmental agencies and private organizations that require dependable power solutions in distant marine environments. Established in 1984, Ocean Power Technologies, Inc. is headquartered in Monroe Township, New Jersey.
Sector: Electric Services
Industry: Electrical Equipment & Parts
Ocean Power Technologies, Inc.
NYSE:OPTTIndustrials · Electrical Equipment & Parts
-12.13%$0.6040
AH Close$0.6007-0.55%vs close
AH Close$0.6007-0.55%vs close
Mkt Cap$5.44M
Float8.86M
O/S9M
Inst Own12.2%
SI16.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.08M
Net Income-$43.68M
Total Assets$41.28M
Free Cash Flow-$26.72M
Debt & Equity
Debt 51%
Equity 49%
Total Debt$11.26M
Total Equity$10.7M
Shares Outstanding
Short Interest
Split History3 splits · 3 reverse
2-year cumulative
1:30
Nasdaq bars a compliance period at 1:250
- 1:30Reverse splitSep 14, 202630 shares → 1
- 1:20Reverse splitMar 12, 201920 shares → 1
- 1:10Reverse splitOct 29, 201510 shares → 1
Balance Sheet Details
Assets$41.28M
Liabilities$30.58M
Accounts Receivable$587K
Accounts Payable$4.37M
Inventory$3.88M
PP&E (Net)$12.98M
Goodwill$8.54M
Intangible Assets$3.36M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2013-04-30 | 2012-04-30 | 2011-04-30 | 2010-04-30 | 2009-04-30 | 2008-04-30 | 2007-04-30 | 2006-04-30 | 2005-04-30 | 2004-04-30 | 2003-04-30 |
| Revenue | $4.08M | $5.86M | $5.53M | $2.73M | $1.76M | $1.21M | $1.68M | $632K | $511K | $843K | $705K | $4.11M | $1.5M | $3.62M | $5.74M | $6.69M | $5.1M | $4.05M | $4.77M | $2.53M | $1.75M | $5.37M | $4.71M | $2.55M |
| YoY Growth | -30.5% | 6.1% | 102.2% | 55.3% | 45.9% | -28.3% | 166.1% | 23.7% | -39.4% | 19.6% | -82.8% | 173.9% | -58.5% | -37.0% | -14.2% | 31.2% | 26.0% | -15.1% | 88.5% | 44.8% | -67.4% | 13.8% | 85.0% | - |
| Cost of Revenue | $12.21M | $4.2M | $2.7M | $2.5M | $1.86M | $2.28M | $1.79M | $1.3M | $763K | $938K | $668K | $4.67M | $1.51M | $3.48M | $5.68M | $6.26M | $4.3M | $4.84M | $7.96M | $3.98M | $2.06M | $5.17M | $4.32M | $2.56M |
| Gross Profit | -$8.13M | $1.66M | $2.83M | $236K | -$101K | -$1.07M | -$105K | -$671K | -$252K | -$95K | $37K | -$566K | -$11K | $135K | $55K | $436K | $802K | -$791K | -$3.19M | -$1.45M | -$312K | $195K | $393K | -$7K |
| Gross Margin | -199.6% | 28.3% | 51.1% | 8.6% | -5.7% | -89.0% | -6.2% | -106.2% | -49.3% | -11.3% | 5.2% | -13.8% | -0.8% | 3.7% | 1.0% | 6.5% | 15.7% | -19.5% | -66.8% | -57.4% | -17.8% | 3.6% | 8.3% | -0.3% |
| Research and Development | $0 | $0 | $0 | $0 | $9.61M | $4.75M | $4.34M | $4.98M | $4.32M | $5.03M | $7.05M | $4.15M | $4.56M | $7.33M | $8.34M | $13.32M | $13M | $8.37M | $8.26M | $6.22M | $4.22M | $905K | $0 | $180K |
| Selling, General, and Administrative | $31.68M | $23.35M | $32.23M | $28.34M | $11.91M | $7.77M | $6.92M | $7.62M | $6.99M | $6.56M | $6.75M | $9.57M | $9.36M | $9.13M | $8.27M | $8.4M | $9.06M | $9.53M | $7.73M | $4.89M | $3.19M | $2.55M | $1.75M | $819K |
| Other | $0 | $0 | -$72K | $1.11M | -$60K | $0 | $0 | $0 | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $256K | $0 |
| Total Operating Expenses | $31.68M | $23.35M | $32.16M | $29.45M | $21.45M | $12.52M | $11.26M | $12.6M | $11.31M | $11.59M | $13.8M | $13.72M | $13.92M | $16.45M | $16.61M | $21.72M | $22.07M | $17.9M | $15.99M | $11.11M | $7.42M | $3.46M | $2M | $999K |
| Operating Income (EBIT) | -$39.81M | -$21.69M | -$29.33M | -$29.22M | -$21.55M | -$13.59M | -$11.37M | -$13.27M | -$11.56M | -$11.69M | -$14.86M | -$14.29M | -$13.15M | -$16.32M | -$16.56M | -$21.28M | -$21.26M | -$18.69M | -$19.18M | -$12.57M | -$7.73M | -$3.26M | -$1.61M | -$1.01M |
| Operating Margin | -976.7% | -370.0% | -530.9% | -1069.4% | -1225.3% | -1127.0% | -675.7% | -2099.8% | -2262.2% | -1386.4% | -2108.1% | -348.0% | -877.3% | -451.3% | -288.5% | -318.1% | -416.8% | -461.6% | -401.8% | -496.4% | -442.1% | -60.8% | -34.1% | -39.5% |
| Interest Expense | $2.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $47K | $800K | $902K | $124K | $124K | $124K | $35K | $83K | $28K | $8K | $0 | $30K | $126K | $418K | $689K | $1.03M | $1.67M | $0 | $0 | $0 | $0 | $556K | $0 |
| Other Income (Expense) | -$3.87M | -$859K | $594K | $2.61M | $856K | -$1.17M | $118K | $175K | $284K | $1.5M | -$568K | -$75K | $213K | $43K | $313K | $460K | $2.13M | $377K | $4.52M | $2.93M | $504K | $2.81M | -$1.36M | $39K |
| Income Before Tax (EBT) | -$43.68M | -$22.55M | -$28.74M | -$26.6M | -$20.7M | -$14.76M | -$11.25M | -$13.1M | -$11.28M | -$10.18M | -$14.76M | -$14.36M | -$12.94M | -$16.28M | -$16.24M | -$20.82M | -$19.13M | -$18.32M | -$14.66M | -$9.64M | -$7.22M | -$458K | -$2.97M | -$967K |
| Income Tax Expense | $0 | -$1.03M | -$1.25M | -$278K | -$1.82M | $0 | -$895K | -$850K | -$1.12M | -$698K | -$1.67M | -$1.14M | -$1.75M | -$1.45M | -$1.05M | -$364K | $38K | $0 | $0 | $0 | -$144K | -$29K | -$118K | -$147K |
| Net Income | -$43.68M | -$21.51M | -$27.48M | -$26.33M | -$18.87M | -$14.76M | -$10.35M | -$12.25M | -$10.16M | -$9.49M | -$13.13M | -$13.11M | -$10.97M | -$14.68M | -$15.14M | -$20.44M | -$19.17M | -$18.32M | -$14.66M | -$9.64M | -$7.08M | -$429K | -$2.85M | -$820K |
| Net Income Margin | -1071.7% | -367.0% | -497.4% | -963.6% | -1073.0% | -1223.9% | -615.5% | -1937.7% | -1987.7% | -1125.3% | -1862.7% | -319.4% | -731.8% | -406.0% | -263.8% | -305.4% | -375.8% | -452.3% | -307.1% | -380.8% | -405.0% | -8.0% | -60.5% | -32.2% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | -0.25 | -5.10 | -14.10 | -14.10 | -10.50 | -15.90 | -43.20 | -285.60 | -397.20 | -1336.20 | -4351.80 | -4498.80 | -5465.70 | -8549.10 | -8838.90 | -11966.10 | -11257.80 | -10762.80 | -8621.10 | -1867.80 | -2353.20 | -500.70 | -4234.50 | -1631.10 |
| Diluted EPS | -0.25 | -5.10 | -14.10 | -14.10 | -10.50 | -15.90 | -43.20 | -285.60 | -397.20 | -1336.20 | -4351.80 | -4498.80 | -5465.70 | -8549.10 | -8838.90 | -11966.10 | -11257.80 | -10762.80 | -8621.10 | -1867.80 | -2353.20 | -500.70 | -4234.50 | -1631.10 |
| Weighted Average OS | 64.78M | 4.23M | 1.97M | 1.87M | 1.80M | 1.00M | 240,324 | 42,891 | 25,578 | 7,099 | 3,017 | 2,915 | 2,007 | 1,717 | 1,713 | 1,708 | 1,703 | 1,702 | 1,700 | 5,160 | 3,008 | 856 | 673 | 503 |
| EBITDA | -$37.84M | -$19.93M | -$28.24M | -$27.47M | -$21.1M | -$13.22M | -$11.01M | -$13.09M | -$11.44M | -$11.55M | -$13.65M | -$13.32M | -$12.52M | -$15.82M | -$16.12M | -$20.92M | -$21.26M | -$18.39M | -$19.18M | -$12.57M | -$7.49M | -$3.12M | -$1.61M | -$1.01M |
| EBITDA Margin | -928.4% | -340.0% | -511.2% | -1005.4% | -1199.4% | -1096.2% | -654.6% | -2071.4% | -2238.4% | -1369.8% | -1936.5% | -324.5% | -835.0% | -437.4% | -280.9% | -312.7% | -416.8% | -454.2% | -401.8% | -496.4% | -428.8% | -58.2% | -34.1% | -39.5% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2013-04-30 | 2012-04-30 | 2011-04-30 | 2010-04-30 | 2009-04-30 | 2008-04-30 | 2007-04-30 | 2006-04-30 | 2005-04-30 | 2004-04-30 | 2003-04-30 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $8.72M | $6.71M | $3.15M | $6.88M | $7.88M | $83.03M | $10M | $16.66M | $11.5M | $8.42M | $6.73M | $17.34M | $13.86M | $6.37M | $9.35M | $4.38M | $4.24M | $12.27M | $88.84M | $107.51M | $31.96M | $13.58M | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $27.79M | $49.38M | $0 | $0 | $0 | $25K | $25K | $75K | $75K | $14.49M | $14M | $22.37M | $26.02M | $32.54M | $28.84M | $0 | $8.39M | $482K | $25.2M | $0 | $0 |
| Cash and Short-Term Investments | $8.72M | $6.71M | $3.15M | $34.67M | $57.27M | $83.03M | $10M | $16.66M | $11.52M | $8.45M | $6.8M | $17.41M | $28.35M | $20.37M | $31.72M | $30.39M | $36.77M | $41.11M | $88.84M | $115.9M | $32.44M | $38.79M | $0 | $0 |
| Accounts Receivable | $587K | $2.28M | $814K | $897K | $868K | $561K | $358K | $78K | $592K | $344K | $2.54M | $185K | $346K | $924K | $1.29M | $1.74M | $1.92M | $1.97M | $2.31M | $1.18M | $211K | $1.49M | $0 | $0 |
| Inventory | $3.88M | $4.22M | $4.83M | $1.04M | $442K | $0 | $0 | $344K | $572K | $334K | $300K | $439K | $6.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $4.1M | $0 | $0 | $130K | $385K | $405K | $707K | $532K | $1.14M | $956K | $2.92M | $625K | $6.69M | $153K | $843K | $832K | $1.01M | $1.08M | $1.38M | $441K | $331K | $465K | $0 | $0 |
| Total Current Assets | $16.4M | $13.62M | $10.54M | $37.67M | $59.3M | $84.44M | $11.65M | $17.62M | $13.26M | $9.75M | $9.76M | $18.22M | $35.39M | $21.45M | $33.85M | $32.97M | $39.7M | $44.16M | $92.52M | $117.52M | $32.98M | $40.74M | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $12.98M | $5M | $5.85M | $3.03M | $1.2M | $1.44M | $1.66M | $592K | $712K | $170K | $273K | $264K | $318K | $701K | $683K | $792K | $711K | $898K | $628K | $388K | $544K | $428K | $0 | $0 |
| Goodwill | $8.54M | $8.54M | $8.54M | $8.54M | $8.54M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $3.36M | $3.49M | $3.62M | $3.98M | $4.14M | $274K | $0 | $0 | $0 | $0 | $0 | $0 | $828K | $1.04M | $1.27M | $1.22M | $1.04M | $910K | $717K | $597K | $372K | $335K | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | -$49.33M | $222K | $0 | $155K | $154K | $154K | $0 | $0 | $0 | $0 | $0 | $16.32M | $28.87M | $40.63M | $12M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $49.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $5.13M | $154K | $154K | $155K | $219K | $0 | $221K | $0 | $0 | $3K | $319K | $386K | $1.55M | $1.64M | $1.64M | $2.25M | $2.66M | $2.19M | $13.69M | $1.21M | $98K | $92K | $0 | $0 |
| Total Long-Term Assets | $30M | $17.18M | $18.16M | $15.7M | $14.09M | $1.94M | $1.89M | $747K | $866K | $327K | $592K | $650K | $2.69M | $3.38M | $3.59M | $20.58M | $33.28M | $44.63M | $15.03M | $2.2M | $1.01M | $854K | $0 | $0 |
| Other Assets | -$5.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40.75M | $2.88M |
| Total Assets | $41.28M | $30.79M | $28.7M | $53.37M | $73.39M | $86.38M | $13.54M | $18.37M | $14.12M | $10.07M | $10.35M | $18.87M | $38.08M | $24.83M | $37.44M | $53.55M | $72.98M | $88.79M | $107.55M | $119.71M | $34M | $41.6M | $40.75M | $2.88M |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $4.37M | $568K | $3.37M | $952K | $905K | $687K | $220K | $312K | $290K | $586K | $373K | $353K | $501K | $510K | $441K | $1.22M | $1.84M | $909K | $1.46M | $1.71M | $243K | $877K | $0 | $0 |
| Short-Term Debt | $9.22M | $0 | $6K | $0 | $0 | $495K | $0 | $0 | $0 | $0 | $82K | $100K | $100K | $100K | $100K | $139K | $95K | $93K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $177K | $177K | $179K | $132K | $0 | $0 | $471K | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $6.39M | $0 | $302K | $1.38M | $129K | $0 | $100K | $188K | $18K | $3.66M | $39K | $0 | $992K | $1.12M | $1.07M | $344K | $1.1M | $282K | $700K | $0 | $14K | $17K | $0 | $0 |
| Other Current Liabilities | $1.32M | $759K | $1.27M | $3.15M | $1.3M | $671K | $216K | $687K | $2.49M | -$1.85M | $4.53M | $1.07M | $6.96M | $3.1M | $1.59M | $1.11M | $2.92M | $2.94M | $0 | $26K | $112K | $54K | $0 | $0 |
| Total Current Liabilities | $27.46M | $3.29M | $7.36M | $7.91M | $2.98M | $4.69M | $1.9M | $2.44M | $3.74M | $4.6M | $6.17M | $2.96M | $9.23M | $5.63M | $4.98M | $6.01M | $7.13M | $5.04M | $6.65M | $6.33M | $2.1M | $2.84M | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $396K | $0 | $0 | $0 | $23K | $0 | $50K | $150K | $250K | $350K | $450K | $250K | $345K | $189K | $232K | $234K | $246K | $250K | $250K |
| Long-Term Unearned Revenue | $2.08M | $0 | $0 | $0 | $843K | $0 | $65K | $0 | $0 | $0 | $600K | $600K | $600K | $832K | $0 | $600K | $600K | $22K | $600K | $600K | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $203K | $203K | $203K | $203K | $203K | $0 | $0 | $0 | $0 | $0 | -$600K | -$600K | -$600K | -$600K | $0 | -$600K | $0 | $0 | -$600K | -$600K | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $147K | $142K | -$23K | $0 | $0 | $600K | $600K | $0 | -$600K | $141K | $600K | -$584K | -$589K | $600K | $0 | -$250K | -$250K |
| Total Long-Term Liabilities | $3.12M | $852K | $2M | $1.51M | $1.58M | $1.22M | $1.14M | $147K | $142K | $23K | $655K | $650K | $750K | $1.08M | $350K | $1.05M | $991K | $967K | $805K | $842K | $834K | $921K | $250K | $250K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.64M | $2.14M |
| Total Liabilities | $30.58M | $4.14M | $9.36M | $9.42M | $4.56M | $5.91M | $3.04M | $2.59M | $3.88M | $4.63M | $6.82M | $3.61M | $9.98M | $6.71M | $5.33M | $7.06M | $8.12M | $6.01M | $7.45M | $7.17M | $2.93M | $3.76M | $2.89M | $2.39M |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $231K | $172K | $61K | $56K | $56K | $52K | $13K | $5K | $18K | $6K | $2K | $18K | $18K | $10K | $10K | $10K | $10K | $10K | $10K | $10K | $5K | $5K | $0 | $0 |
| Retained Earnings | -$373.91M | -$329.09M | -$307.58M | -$280.1M | -$253.77M | -$234.9M | -$220.14M | -$209.78M | -$197.54M | -$187.37M | -$177.88M | -$164.76M | -$151.64M | -$140.67M | -$125.99M | -$110.85M | -$90.41M | -$71.24M | -$52.93M | -$38.27M | -$28.63M | -$21.55M | -$21.12M | -$18.28M |
| Comprehensive Income & Other | $0 | -$0 | -$45K | -$45K | -$46K | -$171K | -$183K | -$171K | -$160K | -$160K | -$122K | -$230K | -$226K | -$80K | -$79K | $176K | -$503K | -$553K | -$41K | -$41K | -$32K | -$39K | $0 | $0 |
| Other Stockholders' Equity | $384.38M | $355.57M | $326.86M | $323.99M | $322.55M | $315.31M | $230.62M | $225.55M | $207.76M | $192.81M | $181.41M | $180.42M | $180.1M | $158.95M | $158.12M | $157.31M | $155.22M | $154.02M | $153.02M | $150.8M | $59.69M | $59.38M | $58.98M | $18.77M |
| Total Equity | $10.7M | $26.65M | $19.34M | $43.95M | $68.83M | $80.47M | $10.49M | $15.78M | $10.24M | $5.45M | $3.53M | $15.69M | $28.47M | $18.29M | $32.14M | $46.47M | $64.81M | $82.78M | $100.1M | $112.54M | $31.07M | $37.84M | $37.85M | $491K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$427K | -$374K | -$170K | -$29K | $22K | $41K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $41.28M | $30.79M | $28.7M | $53.37M | $73.39M | $86.38M | $13.54M | $18.37M | $14.12M | $10.07M | $10.35M | $19.3M | $38.46M | $25M | $37.47M | $53.53M | $72.94M | $88.79M | $107.55M | $119.71M | $34M | $41.6M | $40.75M | $2.88M |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $11.26M | $1.8M | $2.57M | $1.84M | $857K | $2.06M | $1.31M | $0 | $23K | $81K | $136K | $150K | $250K | $350K | $450K | $589K | $345K | $345K | $189K | $232K | $234K | $246K | $250K | $250K |
| Net Debt | $2.54M | -$4.92M | -$579K | -$5.04M | -$7.03M | -$80.97M | -$8.7M | -$16.66M | -$11.48M | -$8.34M | -$6.59M | -$17.19M | -$13.61M | -$6.02M | -$8.9M | -$3.79M | -$3.89M | -$11.92M | -$88.65M | -$107.27M | -$31.72M | -$13.34M | $250K | $250K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | 2021-04-30 | 2020-04-30 | 2019-04-30 | 2018-04-30 | 2017-04-30 | 2016-04-30 | 2015-04-30 | 2014-04-30 | 2013-04-30 | 2012-04-30 | 2011-04-30 | 2010-04-30 | 2009-04-30 | 2008-04-30 | 2007-04-30 | 2006-04-30 | 2005-04-30 |
| Operating Activities | ||||||||||||||||||||||
| Net Income | -$43.68M | -$21.51M | -$27.48M | -$26.33M | -$18.87M | -$14.76M | -$10.35M | -$12.25M | -$10.16M | -$9.49M | -$13.08M | -$13.22M | -$11.19M | -$14.82M | -$15.19M | -$20.46M | -$19.13M | -$18.32M | -$14.66M | -$9.64M | -$7.08M | -$429K |
| Depreciation & Amortization | $1.97M | $1.76M | $1.16M | $637K | $515K | $372K | $355K | $180K | $122K | $140K | $112K | $965K | $422K | $502K | $436K | $359K | $366K | $299K | $242K | $269K | $233K | $141K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$377K | $0 | $0 | $0 | $0 | $16K | $151K | $109K | $222K | $141K | $50K | $23K | -$281K | $341K | -$1.93M | -$2.65M | $0 | $0 |
| Stock-Based Compensation | $9.49M | $4.6M | $1.16M | $1.46M | $1.17M | $781K | $340K | $295K | $329K | $1.23M | $336K | $333K | $772K | $859K | $1.12M | $1.45M | $1.12M | $1.51M | $1.93M | $1.15M | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||
| Accounts Receivable | $604K | -$1.47M | $83K | -$28K | -$328K | -$184K | -$42K | $108K | -$123K | -$48K | $103K | $205K | $788K | $264K | -$127K | $277K | -$474K | $472K | -$879K | -$827K | $0 | $0 |
| Inventory | -$4.2M | $230K | -$3.79M | -$602K | -$292K | $0 | -$771K | $65K | -$402K | -$575K | $794K | -$74K | -$1.31M | $1.94M | -$433K | -$569K | $1.76M | -$1.23M | -$18K | -$109.36M | $0 | $0 |
| Accounts Payable | $3.8M | -$2.8M | $2.41M | $47K | $217K | $441K | -$92K | $23K | -$296K | $213K | $22K | -$145K | -$12K | $105K | -$547K | -$891K | $954K | -$448K | -$122K | $1.23M | $0 | $0 |
| Other Working Capital | $8.58M | -$443K | -$3.15M | $1.88M | -$2.59M | $1.69M | -$23K | -$425K | $23K | -$39K | $39K | -$5.7M | $4.31M | $185K | $44K | $760K | -$55K | -$857K | -$77K | $111.19M | $742K | -$263K |
| Total Working Capital Change | $8.79M | -$4.48M | -$4.44M | $1.3M | -$3M | $1.95M | -$928K | -$229K | -$798K | -$449K | $958K | -$5.71M | $3.78M | $2.49M | -$1.06M | -$424K | $2.18M | -$2.06M | -$1.1M | $2.24M | $742K | -$263K |
| Other Non-Cash Items | $724K | $994K | -$154K | $1.22M | -$674K | -$13K | $6K | -$140K | -$192K | -$1.49M | $597K | $357K | -$501K | -$18K | $731K | $283K | -$22K | $1.52M | $1.85M | $1.16M | $1.03M | -$1.32M |
| Net Cash from Operating | -$22.71M | -$18.63M | -$29.76M | -$21.71M | -$21.3M | -$11.67M | -$10.58M | -$12.14M | -$10.7M | -$10.04M | -$10.93M | -$17.17M | -$6.5M | -$10.85M | -$13.91M | -$18.77M | -$15.77M | -$16.71M | -$13.66M | -$7.47M | -$5.07M | -$1.87M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -$4.01M | -$505K | -$2.58M | -$1.02M | -$145K | -$26K | -$65K | -$54K | -$658K | -$37K | -$24K | -$76K | -$27K | -$395K | -$727K | -$332K | -$393K | -$1.06M | -$533K | -$325K | -$387K | -$561K |
| Acquisitions | $0 | $0 | $0 | $0 | -$4.44M | $100K | $0 | -$25K | $0 | $0 | $0 | $0 | $0 | $0 | -$180K | $259K | -$154K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$7.89M | -$43.44M | -$49.44M | $0 | $0 | -$25K | -$25K | $0 | $0 | -$13.82M | -$23.98M | -$16.68M | -$18.57M | -$8.3M | -$33.88M | -$28.68M | -$21.2M | -$55.31M | -$62.68M | -$58.05M |
| Sales of Investments | $0 | $0 | $35.98M | $64.92M | $0 | $0 | $0 | $50K | $25K | $50K | $0 | $28.24M | $23.49M | $25.06M | $38.56M | $27.06M | $41.84M | $0 | $17.36M | $47.28M | $0 | $33.57M |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25K | $0 | -$189K | $139K | $6.83M | -$5.92M | $75K | $234K | -$259K | -$98K | -$28.84M | -$28K | -$983K | $87.37M | -$78K |
| Net Cash from Investing | -$4.01M | -$505K | $25.5M | $20.46M | -$54.03M | $74K | -$65K | -$29K | -$658K | -$176K | $115K | $21.17M | -$6.45M | $8.06M | $19.31M | $18.43M | $7.31M | -$58.58M | -$4.4M | -$9.34M | $24.3M | -$25.12M |
| Financing Activities | ||||||||||||||||||||||
| Debt Repaid | -$21.94M | -$3.17M | - | - | - | -$423K | - | $23K | $35K | $78K | $63K | $100K | $100K | $100K | $139K | -$244K | $93K | -$207K | - | - | - | - |
| Common Stock Issuance | $7.59M | $23.35M | $483K | $0 | $0 | $80.56M | $4.46M | $17.19M | $14.65M | $12.15M | $289K | $650 | $20.53M | $0 | $0 | $0 | $0 | $0 | $288K | $90.84M | $123K | $234K |
| Common Stock Repurchases | $0 | $0 | $0 | -$14K | -$3K | -$36K | -$1K | -$1K | -$37K | -$125K | -$6K | -$1K | -$7K | -$22K | -$60K | -$36K | -$6K | $0 | -$870K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$807K | -$3.82M | -$14K | $0 | $90K | $2.76M | -$16K | $20K | $0 | $0 | $289K | $0 | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $28.72M | $22.7M | $469K | -$14K | $87K | $84.17M | $4.45M | $17.18M | $14.58M | $11.95M | $221K | -$101K | $20.43M | -$122K | -$199K | $208K | -$100K | $207K | -$582K | $90.84M | $123K | $234K |
| Forex Effect | $154K | $0 | $0 | $0 | -$32K | $134K | -$32K | -$80K | $88K | -$42K | -$11K | -$419K | $880 | -$71K | -$220K | $271K | $530K | -$1.49M | -$21K | $1.51M | -$981K | $1.5M |
| Net Change in Cash | $2.16M | $3.56M | -$3.8M | -$1.26M | -$75.27M | $72.7M | -$6.23M | $4.93M | $3.32M | $1.69M | -$10.61M | $3.48M | $7.49M | -$2.98M | $4.98M | $140K | -$8.03M | -$76.57M | -$18.67M | $75.55M | $18.37M | -$25.26M |
| Supplementary Data | ||||||||||||||||||||||
| Operating Cash Flow | -$22.71M | -$18.63M | -$29.76M | -$21.71M | -$21.3M | -$11.67M | -$10.58M | -$12.14M | -$10.7M | -$10.04M | -$10.93M | -$17.17M | -$6.5M | -$10.85M | -$13.91M | -$18.77M | -$15.77M | -$16.71M | -$13.66M | -$7.47M | -$5.07M | -$1.87M |
| Capital Expenditure | -$4.01M | -$505K | -$2.58M | -$1.02M | -$145K | -$26K | -$65K | -$54K | -$658K | -$37K | -$24K | -$76K | -$27K | -$395K | -$727K | -$332K | -$393K | -$1.06M | -$533K | -$325K | -$387K | -$561K |
| Free Cash Flow | -$26.72M | -$19.14M | -$32.35M | -$22.73M | -$21.44M | -$11.7M | -$10.64M | -$12.19M | -$11.35M | -$10.07M | -$10.95M | -$17.25M | -$6.52M | -$11.24M | -$14.64M | -$19.1M | -$16.16M | -$17.76M | -$14.2M | -$7.79M | -$5.46M | -$2.43M |
| Cash at Beginning | $6.71M | $3.31M | $7.1M | $8.36M | $83.63M | $10.93M | $17.16M | $12.22M | $8.91M | $6.73M | $17.34M | $13.86M | $6.37M | $9.35M | $4.38M | $4.24M | $12.27M | $88.84M | $107.51M | $31.96M | $13.58M | $38.84M |
| Cash at End | $8.87M | $6.87M | $3.31M | $7.1M | $8.36M | $83.63M | $10.93M | $17.16M | $12.22M | $8.42M | $6.73M | $17.34M | $13.86M | $6.37M | $9.35M | $4.38M | $4.24M | $12.27M | $88.84M | $107.51M | $31.96M | $13.58M |