Ocean Power Techs Q2 EPS $(0.06) Misses $(0.02) Estimate, Sales $424.000K Miss $2.507M Estimate

Ocean Power Techs (AMEX: OPTT) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $(0.02) by 200 percent. This is a 50 percent decrease over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $424.000 thousand which missed the analyst consensus estimate of $2.507 million by 83.09 percent. This is a 82.46 percent decrease over sales of $2.418 million the same period last year.