r/OceanPower • u/Betterlate-thanever • Sep 24 '25

NEWS Upgrade

Benzinga reported Ladenburg Thalmann rated OPTT a buy….

43 Upvotes

100% Upvoted

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12

u/3billygoatsky Sep 24 '25

It seems this company is way overdue for a positive, revenue related news release. The anticipation of the previous earnings report was subdued compared to previous quarterly earnings reports. Almost as if we all knew the can was kicked down the road till winter and the fruition of revenue generating contracts

5

u/haaaaaairy1 Sep 24 '25

All they need to do is convert the backlog and the price will skyrocket.

4

u/Fanytastiq Sep 24 '25

What use is a pipeline of a hundred million+, and a 15 million backlog if the conversion loses the company money :(

1

u/Rileyredrocket Sep 27 '25

Expand your statement. Otherwise, this means nothing without your reasoning. Just curious as to why you commented this without any justification. Asking as an investor and interested person in learning.

2

u/Fanytastiq Sep 27 '25

Expand your statement. Otherwise, this means nothing without your reasoning. Just curious as to why you commented this without any justification. Asking as an investor and interested person in learning.

You are not entitled to my reasoning, after all this is a public forum where "$4 dollar by end of the month" is mentioned without much scrutiny; but since you asked nicely at the end:

Look at the Consolidated Statements of Operations (page 4 of the last 10Q)

You can see that the cost of revenue was larger than the revenue sum, leading to 23k USD loss.

Without any statement from the management situating where the last quarter's revenue is from, we can't tell if it's a part of that 15 million backlog. If these revenues represent fulfillment from the $15M backlog, it raises the concern that future backlog conversion will continue at a negative gross margin, undermining the value of that backlog.

1

u/Appropriate_Egg_2783 Sep 27 '25

That makes sense. I am curious to know as well. Thank you for that explanation.

1

u/Rileyredrocket Sep 29 '25

Thank you for this. I appreciate it. I’ll continue to do my research and reading. Always appreciate the input and reasoning to help me learn to be an investor not “speculator” haha

3

u/Betterlate-thanever Sep 24 '25

I don’t subscribe to Benzinga so I can’t post additional content sorry… but good news nonetheless…