OPTT - Ocean Power GAAP EPS of -$0.11 revenue of $0.73M
2023-03-13 16:05:30 ET
- Ocean Power press release ( NYSE: OPTT ): Q3 GAAP EPS of -$0.11.
- Revenue of $0.73M (+52.1% Y/Y).
- Total orders for the Q323 were $0.8 million, as compared to $0.7 million for the third quarter ended January 31, 2022.
- Combined cash, unrestricted cash, cash equivalents and short-term investments as of January 31, 2023, was $41.1 million, compared to $57.7 million at the beginning of the year.
- Bank debt remained at $0 as of January 31, 2023.
- Net cash used in operating activities for the nine months ended Q323 was $16.1 million, compared to $15.8 million for the same period in the prior yea.
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Ocean Power GAAP EPS of -$0.11, revenue of $0.73M