Ocean Power Technologies (OPTT) Tax Provisions (2011 - 2024)
Ocean Power Technologies (OPTT) reported Tax Provisions of -$1.3 million for Q1 2024, down 351.08% on a YoY basis from $499444.1 in Q1 2023, and down 351.08% sequentially from -$278000.0 in Q1 2023.
Ocean Power Technologies (OPTT) Tax Provisions (2011 - 2024) Analysis & Trends
Ocean Power Technologies (OPTT) has 13 years of Tax Provisions data on file, last reported at -$1.3 million in Q1 2024.
- For the quarter ending Q1 2024, Tax Provisions fell 351.08% year-over-year to -$1.3 million; the trailing twelve-month figure through Apr 2024 stood at -$1.5 million (down 451.08% YoY), and the FY2025 full-year result was -$1.0 million, up 17.54% from the prior year.
- Tax Provisions eased to -$1.3 million in Q1 2024, from -$278000.0 in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of -$278000.0 in Q1 2023 to a low of -$1.3 million in Q1 2024.
- A 4-year average of -$838750.0 and a median of -$911500.0 in 2021 frame the typical range for Tax Provisions.
- Peak annual rise in Tax Provisions reached 351.08% in 2024, while the deepest fall reached 351.08% in 2024.
- Tracing OPTT's Tax Provisions over 4 years: stood at -$1.0 million in 2021, then climbed by 24.88% to -$782000.0 in 2022, then jumped by 64.45% to -$278000.0 in 2023, then sank by 351.08% to -$1.3 million in 2024.
- Business Quant data shows OPTT's Tax Provisions at -$1.3 million in Q1 2024, -$278000.0 in Q1 2023, and -$782000.0 in Q2 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 276.00 Mn |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 240.00 Mn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 215.00 Mn |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 254.00 Mn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 175.00 Mn |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 199.00 Mn |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 93.62 Mn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 89.00 Mn |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 36.10 Mn |
| 10 | Ocean Power Technologies | 29.32 Mn | 22.22 Mn | -755,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2024 | -1.25 Mn |
| Jan 31, 2023 | -278,000.00 |
| Apr 30, 2022 | -782,000.00 |
| Jul 31, 2021 | -1.04 Mn |
| Apr 30, 2019 | -1.70 Mn |
| Jan 31, 2019 | 850,000.00 |
| Apr 30, 2018 | -2.24 Mn |
| Jan 31, 2018 | 1.12 Mn |
| Jan 31, 2017 | -698,000.00 |
| Jan 31, 2016 | -1.67 Mn |
| Jan 31, 2015 | -1.14 Mn |
| Jan 31, 2014 | -1.75 Mn |
| Jan 31, 2013 | -1.45 Mn |
| Jan 31, 2012 | -1.05 Mn |
| Jan 31, 2011 | -364,105.00 |