Ocean Power Technologies, Inc. (OPTT,OPT.L) reported second quarter net loss attributable to Ocean Power Technologies of $5.19 million or $0.51 per share, compared to net loss attributable to Ocean Power Technologies of $6.12 million or $0.60 per share last year.
Revenues declined to $582 thousand from $667 thousand in the prior year quarter.
On average, 2 analysts polled by Thomson Reuters expected the company to report loss of $0.42 per share, on revenues of $1.78 million. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.