Turning to Slide 5. On July 31, 2012, total cash, cash equivalents, restricted cash and investment were $29.4 million as compared to $33.2 million as of April 30, 2012. The net decrease in cash and investment was $3.8 million for the 3 months ended July 31, 2012, compared to $5.2 million for the 3 months ended July 31, 2011. Our quarterly cash outflow from operating activities may vary significantly in future periods, depending on the success of our business development initiative and also on expenditures related to our project in Oregon.
Ocean Power Technologies Management Discusses Q1 2013 Results - Earnings Call Transcript
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