Ocean Power Technologies to Release Fiscal 2025 Second Quarter Early Earnings on December 2, 2024
Rhea-AI Summary
Ocean Power Technologies (NYSE American: OPTT) announced it will release fiscal 2025 second quarter early earnings on December 2, 2024, followed by full results on December 16, 2024, for the period ended October 31, 2024. CEO Philipp Stratmann cited ongoing business growth and G&A streamlining as enabling early updates. A conference call discussing results will be held on December 17, 2024, at 9:00 AM EDT, hosted by CEO Stratmann and CFO Bob Powers. The company is also offering individual meetings with portfolio managers and analysts to strengthen institutional investor relations.
Positive
- Business growth reported by management
- G&A functions streamlining implemented
- Proactive early earnings release initiative
Negative
- None.
News Market Reaction
On the day this news was published, OPTT gained 7.00%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MONROE TOWNSHIP, N.J., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release early earnings for its fiscal 2025 second quarter for the period ended October 31, 2024 after the market closes on Monday December 2, 2024. It also announced it will release its full results for the same quarter after the market closes on Monday December 16, 2024.
Philipp Stratmann, OPT’s CEO and President, stated, “We are excited to provide our shareholders with an early earnings update for our recent quarter. The ongoing growth in our business, and the streamlining of our G&A functions, makes it possible for us to provide our shareholders with critical updates in advance of our full earning report.”
CONFERENCE CALL AND WEBCAST INFORMATION
A conference call to discuss OPT’s financial results will be held on Tuesday December 17, 2024 at 9:00 AM EDT. Philipp Stratmann, CEO, and Bob Powers, CFO will host the call.
- The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345.
- Live webcast: Webcast | Ocean Power Technologies FY2025 Q2 Earnings Conference Call (choruscall.com)
- Call Replay: Call replay will be available by telephone approximately two hours after the call's completion. You may access the replay by dialing 877-660-6853 from the U.S. or 201-612-7415 for international callers and using the Conference ID 13748550.
- Webcast Replay: The archived webcast will be on the OPT investor relations section of its website
INDIVIDUAL MEETING INFORMATION
In an effort to increase relations with institutional investors, OPT management has dedicated time to hosting individual meetings with portfolio managers and analysts. If you are interested in scheduling a meeting with OPT management, please contact:
- Email: InvestorRelations@oceanpowertech.com, or
- Call: 609-730-0400 x401
ABOUT OCEAN POWER TECHNOLOGIES:
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASVs) and marine robotics services. The Company’s headquarters is in Monroe Township, New Jersey, with an additional office in Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.
CONTACT INFORMATION:
Investors: 609-730-0400 x401 or InvestorRelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
FAQ
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