Ocean Power Technologies
0.0 %
107.65 %
Yet to be announced
Company Overview
Ocean Power Technologies is a pioneer in innovative and cost-effective low-carbon marine power, data, and service solutions. The company develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. Their key products include the PB3 PowerBuoy and the WAM-V autonomous surface vehicle, which are used for remote offshore power and data solutions.
Revenue Sources
Based on the company's SEC filings and financial reports, Ocean Power Technologies generates revenue primarily from marine power solutions, data services, and strategic consulting services. These core business activities involve the development and deployment of renewable energy technologies, which are halal-compliant activities. There is no evidence of revenue from prohibited sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Oct. 31, 2024 | $2.42m | $6.33m | - | $-3,000.0 | 0.00% | 0.05% |
| July 31, 2024 | $1.3m | $5.77m | - | $-3,000.0 | 0.00% | 0.05% |
| April 30, 2024 | $1.57m | $8.3m | - | $-40,000.0 | 0.00% | 0.48% |
| Jan. 31, 2024 | $1.79m | $9.56m | - | $-150,000.0 | 0.00% | 1.58% |
Analyzing the most recent four quarters of financial data, the company's interest expense is minimal relative to total expenses. The interest expense ratios for the past four quarters were consistently below the 5% threshold. The company's financing structure appears to be primarily equity-based rather than debt-based.
Operational Ethics
Based on available information from SEC filings and company reports, Ocean Power Technologies primarily operates in the United States and European markets. There is no evidence of current material business relationships or ongoing projects with Israel or the Chinese Communist Party.
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