This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ocean Power Technologies Announces Results For The Fiscal Third Quarter Ended January 31, 2012

Consolidated Balance Sheets as of January 31, 2012 and April 30, 2011

  January 31,   April 30,
2012 2011
ASSETS (Unaudited)    
Current assets:
Cash and cash equivalents $ 7,829,751 4,376,136
Marketable securities 25,466,356 26,018,594
Accounts receivable 886,428 1,285,000
Unbilled receivables 133,982 456,316
Other current assets 801,009 832,142
 
Total current assets 35,117,526 32,968,188
 
Property and equipment, net 734,734 792,092
Patents, net 1,349,857 1,222,368
Restricted cash 1,446,944 1,624,669
Marketable securities 3,015,708 16,323,016
Other noncurrent assets 520,647 622,245
 
Total assets $ 42,185,416 53,552,578
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
Current liabilities:
Accounts payable $ 458,571 1,224,728
Accrued expenses 3,360,517 4,302,952
Deferred credits payable 600,000 -
Unearned revenues 1,264,608 344,022
Current portion of long term debt 100,000 139,378
 
Total current liabilities 5,783,696 6,011,080
 
Long-term debt 375,000 450,000
Deferred credits - 600,000
 
Total liabilities 6,158,696 7,061,080
 
Ocean Power Technologies, Inc. Stockholders’ equity:
Preferred stock, $0.001 par value; authorized

5,000,000 shares; none issued or outstanding

-

-

Common stock, $0.001 par value; authorized 105,000,000

shares; issued of 10,414,389 and 10,419,183 shares,

respectively

10,414

10,419

Treasury stock, at cost; 22,195 and 7,685 shares,

respectively

(98,517) (42,734)
Additional paid-in capital 158,110,305 157,174,930
Accumulated deficit (121,893,079) (110,848,972)
Accumulated other comprehensive (loss) income (90,266) 175,907
 
Total Ocean Power Technologies, Inc. stockholders' equity 36,038,857 46,469,550
 
Noncontrolling interest in Ocean Power Technologies (Australasia) Pty, Ltd (12,137) 21,948
 
Total equity 36,026,720 46,491,498
 
Total liabilities and stockholders’ equity $ 42,185,416 53,552,578




5 of 9

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,107.33 +55.60 0.33%
S&P 500 1,982.20 +8.57 0.43%
NASDAQ 4,452.0790 +27.3750 0.62%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs