Ocean Power Technologies, Inc.
Close on Oct 19, 2026
- Market cap
- $4.74M
- P/E (TTM)
- –
- Dividend yield
- –
About Ocean Power Technologies
Electric Services, SIC 4911
Ocean Power Technologies, Inc. provides intelligent maritime solutions and domain awareness systems for ocean monitoring, defense, and offshore industry operations. The company offers integrated services including Data as a Service, Robotics as a Service, and Power as a Service. Core hardware platforms comprise the PowerBuoy, a renewable energy-powered autonomous offshore platform delivering continuous electrical power and data connectivity, and the WAM-V (Wave Adaptive Modular Vessel), a modular autonomous surface vehicle manufactured in multiple standard sizes. In addition, the firm provides Merrows, a software and hardware command and control system incorporating artificial intelligence and machine learning. OPT sells and leases these systems to United States and allied defense agencies, offshore energy operators, and commercial customers across maritime security, infrastructure inspection, and environmental monitoring sectors.
The company has deployed systems across the Middle East, Europe, Asia, Oceania, and the Americas. Ocean Power Technologies maintains its headquarters and assembly operations in Monroe Township, New Jersey, alongside a manufacturing and robotics facility in Richmond, California.
Summary of the business section of Ocean Power Technologies's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Ocean Power Technologies, Inc.
- Founded
- 1984
- Headquarters
- Monroe Township, NJ
- Address
- 28 Engelhard Drive, Suite B 08831
- Phone
- (609) 730-0400
- Website
- optaustralasia.com.au
- Employees
- 65, Apr 30, 2026
- Industry
- Electric Services
- Incorporated in
- New Jersey
- Fiscal year ends
- April 30
- Auditor
- Baker Tilly US, LLP, Dallas, Texas
Stock & identifiers
- Ticker
- OPTT
- Exchange
- NYSE
- IPO date
- Apr 25, 2007
- Shares outstanding
- 9M, Sep 11, 2026
- Public float
- $18.70M, Oct 31, 2024
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-30 reverse, Sep 14, 2026; 1-for-30 reverse, Sep 14, 2026; 1-for-20 reverse, Jul 22, 2019; 1-for-20 reverse, Mar 12, 2019; 1-for-10 reverse, Dec 14, 2015; 1-for-10 reverse, Oct 29, 2015
- SEC CIK
- 1378140
- EIN
- 22-2535818
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Philipp Stratmann | President and CEO, Director | 1,932,356 |
| Tracy D. Pagliara | Senior VP and General Counsel | 858,353 |
| Robert Patrick Powers | Senior VP and CFO | 1,037,129 |
| Matthew Burdyny | Chief Commercial Officer | 173,126 |
| Joseph A. DiGuardo | Director | 87,209 |
| Jim Raymond Thompson | Director | 151,189 |
| Terence James Cryan | Director | 2,333,368 |
| Clyde W. Hewlett | Director | 1,133,075 |
| Corliss J. Montesi | Director | 151,189 |
| Diana G. Purcel | Director | 1,327,554 |
| Peter E. Slaiby | Director | 1,052,014 |
| Anderson Natalie M. Lorenz | Director | 404,677 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Phillip Stratmann | $5.95M | $619.88K | $2.75M | $216 | – |
| FY2024 Phillip Stratmann | $858.89K | $350.09K | $424.71K | $37 | – |
| FY2023 Phillip Stratmann | $868.07K | $477.55K | $407.97K | $48 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“OPT employed 65 full-time employees, all located in the United States.”
Corporate history
Events identified from SEC filings