Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Ocean Power Technologies revenue
Ocean Power Technologies's revenue is $5.5 million.
What is Ocean Power Technologies's revenue?
- Ocean Power Technologies's peak quarterly revenue was $2.4M in 2025(q2).
- Ocean Power Technologies peak revenue was $6.7M in 2010.
- Ocean Power Technologies annual revenue for 2023 was 2.7M, 55.32% growth from 2022.
- Ocean Power Technologies's revenue growth from 2006 to 2024 is 118.27%.
- Ocean Power Technologies has 46 employees, and the revenue per employee ratio is $120,108.
- Ocean Power Technologies annual revenue for 2024 was 5.5M, 102.23% growth from 2023.
On this page
Zippia finds jobs where you're a top candidate and applies on your behalf.
Ocean Power Technologies historical revenue
Ocean Power Technologies's peak revenue was $6.7M in 2010. The peak quarterly revenue was $2.4M in 2025(q2).
Ocean Power Technologies's revenue increased from $2.5m in 2006 to $5.5M currently. That's a 118.27% change in annual revenue.
Ocean Power Technologies annual revenue
Ocean Power Technologies annual revenue over time
| Fiscal year / year | Ocean Power Technologies revenue |
|---|---|
| 2009 | $5.1M |
| 2010 | $6.7M |
| 2011 | $6.7M |
| 2012 | $5.7M |
| 2013 | $3.6M |
| 2014 | $1.5M |
| 2015 | $4.1M |
| 2016 | $843,000 |
| 2017 | $843,000 |
| 2018 | $511,000 |
| 2019 | $632,000 |
| 2020 | $1.7M |
| 2021 | $1.2M |
| 2022 | $1.8M |
| 2023 | $2.7M |
| 2024 | $5.5M |
How accurately did Ocean Power Technologies' revenue projections match actual performance?
Ocean Power Technologies annual growth
Ocean Power Technologies saw the greatest revenue growth in 2015, when revenue increased by 173.9%.
Ocean Power Technologies had the lowest revenue growth in 2016, when revenue changed by -79.47%.
Ocean Power Technologies annual growth rate over time
| Year | Ocean Power Technologies growth |
|---|---|
| 2009 | 26%↑ |
| 2010 | 31%↑ |
| 2011 | 0%↓ |
| 2012 | -14%↓ |
| 2013 | -37%↓ |
| 2014 | -59%↓ |
| 2015 | 174%↑ |
| 2016 | -79%↓ |
| 2017 | 0%↓ |
| 2018 | -39%↓ |
| 2019 | 24%↑ |
| 2020 | 166%↑ |
| 2021 | -28%↓ |
| 2022 | 46%↑ |
| 2023 | 55%↑ |
| 2024 | 102%↑ |
Ocean Power Technologies quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Ocean Power Technologies quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2019 | - | - | $268,000 | $192,000 |
| 2020 | $169,000 | $204,000 | $725,000 | $551,000 |
| 2021 | $202,000 | $118,000 | $317,000 | $602,000 |
| 2022 | $272,000 | $247,000 | $484,000 | $756,000 |
| 2023 | $714,000 | $303,000 | $734,000 | $980,000 |
| 2024 | $1.3M | $889,000 | $1.8M | $1.6M |
| 2025 | $1.3M | $2.4M | $825,000 | - |
Ocean Power Technologies jobs nearby
Do you work at Ocean Power Technologies?
Did Ocean Power Technologies meet its revenue projections?
Ocean Power Technologies financial information
| CEO | J. Philipp Stratmann |
| Industry | Independent Power and Renewable Electricity Producers |
| Company Type | Public |
| Employees Number | 46 |
| Date Founded | 1994 |
| Headquarters | Pennington, New Jersey |
| Number of Locations | 2 |
| Revenue | $5.5M |
| Net Income | -$26,326,000 |
| Gross Proft | $2.8M (2024) |
| PE Ratio | -0.21 |
| Tax Rate | 0.0% |
| Market Capitalization | $5.8M |
| Total Assets | $53,374,000 |
| Ticker | OPTT |
Ocean Power Technologies jobs you might like
Ocean Power Technologies financing
Ocean Power Technologies received early financing of $60.9M on 2009-11-01.
| Series | Round size | Date |
|---|---|---|
| Grant | $60.9M | 11/2009 |
| Grant | $3.4M | 06/2014 |
Ocean Power Technologies investors
| Investors | Security type |
|---|---|
| Australian Renewable Energy Agency | Grant |
Ocean Power Technologies competitors
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cenergy International Services | $64,310 | - | 840 | 1 |
| Solar Energy Industries Association | $59,661 | $10.0M | 253 | 4 |
| Exelon | $67,914 | $23.0B | 33,383 | 366 |
| Westinghouse Appliances Australia | $87,189 | $4.3B | 9,000 | 518 |
| AVANGRID | $72,132 | $8.3B | 7,000 | 2 |
| PJM Interconnection | $79,514 | $920.0M | 985 | 14 |
| South Jersey Industries | $50,665 | $2.0B | 650 | 44 |
| PPL | $42,304 | $8.5B | 5,601 | 293 |
| GTE - Gas Turbine Efficiency | $63,738 | $8.5M | 150 | 1 |
Ocean Power Technologies revenue FAQs
Search for jobs
Related company revenues
Working at related companies
Related company jobs
Most in demand jobs
Zippia gives an in-depth look into the details of Ocean Power Technologies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ocean Power Technologies. The employee data is based on information from people who have self-reported their past or current employments at Ocean Power Technologies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ocean Power Technologies. The data presented on this page does not represent the view of Ocean Power Technologies and its employees or that of Zippia.
Ocean Power Technologies may also be known as or be related to OCEAN POWER TECHNOLOGIES INC., Ocean Power Technologies, Ocean Power Technologies Inc and Ocean Power Technologies, Inc.