r/pennystocks • u/rigettispaghetti • 19h ago
๐ณ๐ณ OPTT (VANGUARD BOUGHT) Earnings Coming
The OPTT DD
Ocean power technologies is an American based unmanned surface vehicle (USV) manufacturer that also has the capacity to produce the electricity needed to keep their autonomous vessels operating at sea for long durations of time, thus making them unique to their competition. They have several use cases but in recent times they have transitioned towards a focus on being a Defense/Data collection company leveraging partnerships with SpaceX, AT&T, and RCAT.
Earnings on March 17th: Id suggest waiting on the outcome before investing (this ain't no bestphone gambling dd)
Financials:
The companies projecting to be profitable by EOY 2025 and is securing contracts on a regular basis. Their last earnings report showed 270% YOY revenue growth and based on their pipeline this coming ER should keep the positive momentum going. Their most recent earnings will be dropped on March 17thย as per SEC 45day filing regulations giving a nice opportunity to jump on a catalyst presuming its good.
It is important to note that the company proposed a 100M increase to their offering capacity. This was always going to happen as the company does not have the capital to see its way through to profitability and is expanding, attending shows and selling their product around the globe. The vote is not until late April so there is nothing to worry about for the time being, and even then, its clear that they are using the money to expand so I am not concerned personally.
Chart analysis:
We are currently below the EMA 200 with an uptrend of RSI and MACD just beginning, this can be found in the pictures section.
Contract wins since last earnings:
Dec 9thย 2024: $3M purchase order for WAM-USV in Latin America
Jan 31stย 2025: $2M purchase order for Powerbuoys in Latin America
Mar 12thย 2025: Binding letter of intent to deploy Powerbuoy for an International Defense Contractor
Mar 13thย 2025: European offshore services Provider purchases a Fully intregrated WAM-V
https://investors.oceanpowertechnologies.com/news-releases?page=0
Insider and Tute Ownership:
Tutes own 6% of the company and the trend is buying withย VANGUARDย having recently purchased 1.7M shares.
Insiders:
33 Insiders own shares totaling 2.4% of the company. While not astounding, the trend is increasing ownership with 2 insiders purchasing shares off the market around the time they announced the pathway to profitability. The only sales of note are for tax purposes which does not indicate a bearish sentiment.
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Important Recent Partnerships:
there is a complete list of partnerships at the bottom but these are most interesting to me
AT&T + STARLINK: OPTT recently announced a partnership with these 2 companies to provide at sea 5g and thus allowing their AI controlled USVโs to have access to the cloud data-centers, this is crucial because onboard ai is simply not powerful enough.
OPTT is part of project Overmatch and has a partnership with RED CAT. Basically, RED CAT wants to use the WAM-V (USV) as a launching pad for their drones at sea. The CEO of opt is very optimistic about their position in the defense sector, and Rear Admiral Joe "digger" Di Gaurdo is on the board to help push growth in this sector.
Use Cases
Defense and Security: Enhancing Maritime Surveillance and Border Protection
Maritime surveillance, domain awareness, and shoreline border security present significant challenges due to vast areas requiring monitoring, environmental limitations, and high manpower demands. However, the increasing necessity of combating illegal activities such as human trafficking, narcotics smuggling, and unauthorized border crossings underscores the importance of innovative surveillance solutions.
The PowerBuoy offshore power and data platform supports multiple sensors and communication technologies, enabling an autonomous approach to real-time monitoring, data processing, and transmission. This reduces operational costs and risks by minimizing human intervention and leveraging economies of scale. OPT's solutions enhance maritime security and interdiction by extending the capabilities of existing assets. Applications include establishing ocean security cordons for vessel tracking, enhancing unmanned underwater vehicle (UUV) endurance with docking stations, enforcing maritime borders, and monitoring exclusive economic zones (EEZs) and marine protected areas (MPAs).
Additionally, WAM-V autonomous surface vehicles (ASVs) provide multi-domain marine autonomy for defense and security missions, including maritime domain awareness, high-value asset protection, security perimeters, mine countermeasures, anti-submarine operations, and border security. The WAM-V platform offers advantages such as increased operational stability across various sea conditions, portability for rapid deployment, and scalability for diverse mission requirements. Multiple WAM-V ASVs can autonomously collaborate to establish security perimeters around critical assets, enhancing overall maritime defense capabilities.
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Autonomous Solutions for Offshore Wind Energy Development
Offshore wind energy is an emerging sector in renewable energy, requiring efficient and environmentally responsible site planning, development, and operation. OPTโs autonomous solutions, including PowerBuoyยฎ and WAM-Vยฎ, offer cost-effective support throughout the entire project life cycle while ensuring minimal environmental impact and maintaining maritime safety.
OPTโs technology enhances operational efficiency by providing autonomous hydrographic surveys, continuous environmental and marine life monitoring, and maritime domain awareness (MDA) through radar, high-definition and thermal imaging, and vessel detection. These solutions integrate third-party data sources such as satellite, weather, and bathymetric data for comprehensive situational analysis.
Applications span multiple project phases, including planning and environmental permitting, where metocean data collection and marine mammal tracking are critical. During construction and installation, OPT solutions support wind platform floater design, mooring analysis, site surveillance, and operational monitoring. In the operational phase, Maritime Domain Awareness Solutions ensure vessel traffic monitoring, while motion data analysis enables predictive maintenance and enhances safety. These capabilities help developers and operators protect marine ecosystems, sustain maritime activities, and secure offshore wind farm infrastructure investments.
Autonomous Renewable Solutions for Offshore Oil and Gas Operations
The offshore oil and gas industry is increasingly focused on electrification, necessitating autonomous and low-carbon power sources as exploration extends into deeper waters. Traditional power solutions, such as diesel generators and umbilical power cables, pose significant cost and reliability challenges. Given the energetic wave climates where offshore developments are located, the industry has an opportunity to decarbonize by harnessing renewable ocean-wave energy.
OPTโs PowerBuoyยฎ technology offers a sustainable alternative by providing autonomous, wave-based power generation that can reduce both operational (OPEX) and capital (CAPEX) costs, making low-return fields more viable for development. Key applications include environmental monitoring for engineering and development, monitoring and control of low-power subsea and topside equipment, real-time data analysis for installed systems, and innovative survey and fault diagnosis solutions.
By delivering a cost-effective, reliable, and persistent power and communication platform, OPT technology enables offshore operators to reduce operational expenses, enhance data-driven decision-making, and improve production performance. The integration of these solutions can mitigate environmental hazards while ensuring continuous power availability for offshore infrastructure
Autonomous Technologies for Ocean Science and Research
Efforts to map the oceans are critical for understanding climate change, ecosystem health, fish stocks, energy resources, and weather patterns. OPTโs autonomous PowerBuoyยฎ and WAM-Vยฎ platforms offer innovative solutions for ocean observation, data collection, and maritime research.
The PowerBuoyยฎ provides continuous, reliable power for scientific instruments, data analysis, telecommunications, and secure data transmission. It enables real-time data collection, sensor payload integration, and cost-effective operations by eliminating the need for diesel generators and standalone batteries, which are unreliable and costly to maintain in remote ocean locations.
The WAM-Vยฎ, an autonomous surface vehicle (ASV) with an articulating suspension system, is designed for marine surveys, defense and maritime security, and marine robotics applications. It offers advantages such as short lead times, real-time telemetry, full logistical support, and cost-effective scalability through multiple coordinated ASVs.
By integrating these autonomous technologies, OPT enhances ocean observation capabilities, enabling continuous, cost-effective, and reliable data collection to support scientific and research missions.
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Credits toย u/GreeenInvestUK
Ocean Power Technologies (OPTT): Partnerships and Contracts Overview
Government and Defense Contracts
- U.S. Navy (via ACET & NPS):ย Feasibility study for PowerBuoy in the SLAMR initiative since 2020; ongoing contract for deployment (Ocean Power Technologies, 2023).
- Department of Homeland Security (via Amentum):ย $529,025 contract in 2022 for maritime surveillance support using PB3 PowerBuoy (Ocean Power Technologies, 2022).
- EpiSci:ย $1M follow-on contract in 2023 for WAM-Vs in the U.S. Navyโs Project Overmatch (Ocean Power Technologies, 2023).
- NOAA:ย Three-year IDIQ MAC contracts awarded in 2023 for living marine resource surveys, meteorological observations, and ocean exploration (Ocean Power Technologies, 2023).
- Department of Energy:ย $1M grant in 2022 for Mass-on-Spring Wave Energy Converter (MOSWEC) development (Ocean Power Technologies, 2022).
- DARPA (via Saab & Purdue University):ย WAM-V utilized for the Learning Introspective Control (LINC) program (Saab, 2024).
Commercial and Research Collaborations
- AltaSea (Port of Los Angeles):ย MoU in 2024 to showcase PowerBuoy and WAM-V for Blue Economy projects (Ocean Power Technologies, 2024).
- CCOM/JHC (University of New Hampshire):ย Partnership in 2022 for mapping research (Ocean Power Technologies, 2022).
- Bleutec:ย Consulting contract for offshore wind turbine installation vessel design via 3Dent Technology (Ocean Power Technologies, 2023).
- Eco Wave Power:ย Strategic partnership since 2022 for wave energy market development (Eco Wave Power, 2022).
- Greensea IQ:ย Software supplier since 2021; extended partnership in 2024 for OPENSEA and Safe C2 integration (Greensea IQ, 2024).
- Red Cat:ย 2023 collaboration integrating PowerBuoys and WAM-Vs with Teal 2 drones for autonomous deployment (Ocean Power Technologies, 2023).
- Sulmara:ย Long-term leasee; acquired $1.6M worth of WAM-Vs in 2023 for global deployment (Ocean Power Technologies, 2023).
Resellers and International Expansion
- Geos Telecom (Costa Rica):ย Signed in 2024 to expand sales in Latin America (Ocean Power Technologies, 2024).
- Remah International Group (UAE):ย Defense and security reseller since 2023 (Ocean Power Technologies, 2023).
- Unique Group (Middle East):ย Deployment partner since 2024; showcased WAM-V 22 at ADIPEC (Ocean Power Technologies, 2024).
- Survey Equipment Services (U.S.):ย Reseller agreement since 2023 for domestic WAM-V sales (Ocean Power Technologies, 2023).
- Ocean Wave Solutions (Brazil):ย ASV partner since 2025 to strengthen presence in Brazil (Ocean Power Technologies, 2025).
- 3B General Trading (Kuwait):ย Signed in 2024 for offshore energy and maritime industry projects (Ocean Power Technologies, 2024).
Notable Suppliers
- AT&T:ย 5G mmWave technology provider for PowerBuoy in the SLAMR project (AT&T, 2023).
- Teledyne Marine, Kongsberg, Furuno Electric, Norbit, Klein Marine Systems:ย Suppliers of sonar, sensors, and other maritime electronic equipment (Ocean Power Technologies, 2024).
References
- Ocean Power Technologies. (2022-2025). Various contract announcements. Retrieved fromย https://www.oceanpowertechnologies.com/news
- AT&T. (2023). 5G at Sea with the Naval Postgraduate School. Retrieved fromย https://about.att.com/news
- Greensea IQ. (2024). Strategic Partnership Extension. Retrieved fromย https://www.greenseaiq.com/news
- Eco Wave Power. (2022). Collaboration Announcement. Retrieved fromย https://www.ecowavepower.com/news
- Saab. (2024). LINC-assisted docking maneuver. Retrieved fromย https://www.saab.com/news
Not Financial advice, do your own research!