Ocean Power Techs Q3 EPS $(0.06) Misses $(0.03) Estimate, Sales $513.000K Miss $3.444M Estimate

Ocean Power Technologies (AMEX: OPTT) reported Q3 losses of $(0.06) per share, missing the analyst estimate of $(0.03) by 100%. This represents a 50% increase in losses compared to $(0.04) per share from the same period last year. The company also reported quarterly sales of $513,000, falling short of the $3.444 million estimate by 85.10%, and reflecting a 37.82% decrease from $825,000 in sales during the same quarter last year.