A company still losing money with growing sales, with high risk.
Going well
Sales up 44% in the latest quarter vs a year ago
Watch out for
Late quarterly report notice
About 4 months of cash left at its current burn
Share count growing 51.4% a year (dilution)
Money moves
No insider buying or selling in the last 30 days
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$0.60-10.4% that day
Company value
$5M
Share price times all shares
Price vs sales
1.3x
No profit over the last year, so this compares value with sales instead
Cash vs value
136%
A big cushion: cash is a large part of what the company is worth
From OPTT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jul '26
$1.7M+44% vs a year earlier
Oct '23Tap a barJul '26
Last 12 months: $4.3M, down 26% from the 12 months before. Over 5 years, sales grew about 25% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of OPTT. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$3M
Profit in 5 years$0M
Price these guesses point to$0.26-57% vs $0.60 todayAbout -15% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 6.4% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
Forum talk counts mentions of OPTT in popular online stock forums, a slice of the internet rather than all of it. Company lookups show interest in the company itself, which can come from news that isn't about the stock. Attention isn't quality.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-199.7%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$24.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+247.1% in 3 years
Revenue
$3.7M
-36.2% vs prior year
5-year growth
+25.4%/yr
revenue, per year
Current ratio
1.07x
short-term assets / bills due
Free cash flow
-$24.8M
-663.2% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jul 31, 2026
Reported Aug 24
Revenue
$1.7M
+44.1% YoY
EPS
-$1.28
vs -$32.00
Op. margin
-885.3%
-286.5 pts
Gross margin
-166.2%
-164.3 pts
Free cash flow
-$10.4M
Share count
+3471.4%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
2.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+66.2%
Cash runwayAt last year's cash burn
4 months
Debt to equityLatest balance sheet: debt compared with what owners have
1.2x · $9.9M debt
Shares outstandingLatest reported
9M
Why high risk
Losing money, losses are large next to sales
About 4 months of cash left at its current burn
Share count growing 66.2% a year (dilution)
Debt above equity: 1.17x
Bills due within a year exceed short-term assets
Revenue down 36.2% from the year before
7 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Late annual report notice
Earnings reports
Last 12
Next reportAround Dec 15 (est.)Estimated from the same quarter last year
Results filedAug 24
Results filedJul 23
Results filedMar 13
Results filedDec 16, 2025
Results filedSep 16, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days