Earnings: Ocean Power Earnings Up $OPTT

Ocean Power Technologies, a pioneer in renewable wave-energy technology, has announced financial results for its Fiscal 2015 fourth quarter and full year ended April 30, 2015.

The results shows Ris ein EPS by $0.02 To -$0.19 while Revenues were of $0.49 Million up by +32.4% YoY.

Fiscal Q4 2015 Highlights vs. Same Year-ago Quarter

Total Revenues rise $0.5 million from $0.4 million
Net loss remains the same at $3.3 million
Selling, General and Administrative Expenses were down to $1.4 million

Fiscal Year 2015 Highlights vs. Fiscal Year 2014

Total revenues rise to $4.1 million from $1.5 million
Net loss was $13.2 million rise from $11.2 million
Total cash, cash equivalents, and marketable securities were $17.4 million, down from $28.4 million.

View the full earnings release here.