Ocean Power Technologies (OPTT) Reports Q3 Loss of $0.10/sh
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Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2022 Results
March 14, 2022 4:30 PM EDTMONROE TOWNSHIP, N.J., March 14, 2022 (GLOBE NEWSWIRE) -- 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 financial results for its third quarter ended January 31, 2022.
BUSINESS HIGHLIGHTS
As previously announced, the Company completed its acquisition of Marine Advanced Robotics (MAR) on November 15, 2021, expanding OPT's commercial offering into autonomous vehicles for maritime data services. MAR is expected to contribute approximately $2.0 million... More