Ocean Power Technologies to Provide Early Earnings Update for Q2 Fiscal 2025 [Video]

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce the company will release early earnings for its fiscal 2025 second quarter, which ended October 31, 2024, on Monday, December 2, 2024, after market close. The full earnings report for the same quarter will follow on Monday, December 16, 2024, also after market close. OPT is a leader in intelligent maritime solutions, offering technologies such as the PowerBuoy® platforms, which deliver clean and reliable electric power and real-time data communications for remote maritime and subsea applications.

The company also provides WAM-V® autonomous surface vessels (ASVs) and marine robotics services, with applications spanning defense, security, oil and gas, science, research, and offshore wind sectors. Additionally, OPT’s Merrows platform integrates AI-enabled Maritime Domain Awareness Systems across various platforms, enhancing safety and productivity for ocean operations.

Stratmann expressed enthusiasm for sharing an early earnings update, stating, “The ongoing growth in …