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Ocean Power Technologies OPTT Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

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$12.79M+60.1%

Other financials

Income statement

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Revenue$513.0K-37.8%
Gross profit-$755.0K-483%
Operating income-$9.1M-55.2%
Net income-$11.4M-69.1%
EPS (diluted)-$0.06-50.0%

Balance sheet

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Cash & equivalents$7.2M-29.2%
Total debt$2.3M+12.4%
Total equity$20.1M-30.5%
Total assets$41.1M+19.6%

Cash flow

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Operating cash flow-$6.8M-81.6%
CapEx$35.0K-84.2%
Free cash flow-$6.8M-72.3%

Valuation

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Market cap$66.85M-27.1%
Enterprise value$61.96M-28.5%
P/S19.5×+3.8×

Profitability

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Gross margin-56.4%-94.0pp
Operating margin-982.3%-2,128pp
Net margin-1,048.2%-2,164pp
FCF margin-752.2%-5,743pp

Returns & leverage

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Return on equity-147%+694pp
Debt / equity0.1×0.0×
Current ratio1.1×-2.8×

Where this comes from

Reported directly by Ocean Power Technologies in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsValuationAllowance.

The official record: Ocean Power Technologies’s 10-K, filed July 24, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ocean Power Technologies's tax credit carryforward valuation allowance?
Ocean Power Technologies (OPTT) reported tax credit carryforward valuation allowance of $62.19M in Q1 2025.
What is the long-term trend for Ocean Power Technologies's tax credit carryforward valuation allowance?
Over 4 years (2021 to 2025), Ocean Power Technologies's tax credit carryforward valuation allowance has grown at a 8.4% compound annual growth rate (CAGR), from $45.09M to $62.19M.
What does tax credit carryforward valuation allowance mean?
This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.