OPTT is a US company making unmanned surface vehicles (USVs) with a twist. They can produce electricity to keep their autonomous boats running for a long time at sea. This makes them stand out from other companies.
Money Stuff:
They think they’ll make money by the end of 2025. They’re getting new deals often. Their last report showed they made 270% more money than the year before. The next report should be good too. It’s coming out on March 17.
They want to raise more money (100M). This isn’t a surprise. They need cash to grow and sell their stuff around the world. We don’t need to worry about this until late April.
Chart Info:
The price is below the EMA 200 right now. But the RSI and MACD are starting to go up.
New Deals:
Dec 9, 2024: $3M order for a USV in Latin America
Jan 31, 2025: $2M order for Powerbuoys in Latin America
Mar 12, 2025: Plan to use a Powerbuoy for a defense company
Mar 13, 2025: European company buys a USV
Who Owns It:
Big companies own 6%. VANGUARD just bought 1.7M shares. 33 people who work there own 2.4%. Some bosses bought more shares recently.
Cool Partners:
They’re working with AT&T and STARLINK to give their boats 5G at sea. This helps with AI stuff.
They’re also working with RED CAT to launch drones from their boats.
been watchin optt for a bit. theyre doin some cool stuff with ocean power n boats. the 5G thing with AT&T sounds neat. but ya know how these tech companies are, all hype sometimes. still, them gettin more orders is good. gonna keep an eye on em, see if they actully make money like they say. jus dont bet the farm on it, ya know?
As someone who’s worked in marine technology for over a decade, I can attest to the challenges OPTT faces. Their USV tech is promising, but the ocean is a harsh environment. Reliability and durability are key. I’ve seen similar projects struggle with saltwater corrosion and storm damage.
That said, their revenue growth is impressive. The Latin American orders are a good sign - emerging markets are often quicker to adopt new tech. The defense sector interest is also promising, as military contracts can provide stable long-term income.
The VANGUARD investment is encouraging, but I’d like to see more institutional backing. The insider buying is positive, though.
Their partnerships are smart moves. 5G and drone capabilities will greatly enhance their USVs’ utility. However, they’ll need to prove these integrations work flawlessly in real-world conditions.
Overall, OPTT seems well-positioned, but execution will be crucial. I’ll be watching their next few quarterly reports closely.
I’ve been following OPTT for a while now, and I’m impressed with their recent progress. Their focus on renewable energy in marine environments is truly innovative. The partnerships with AT&T and STARLINK for 5G connectivity at sea are game-changers, especially for AI applications in remote ocean monitoring.
From my experience in the renewable energy sector, I can say that OPTT’s technology has immense potential, particularly in offshore wind farm development and ocean research. The ability to provide long-term power for USVs is a significant advantage over competitors.
However, it’s worth noting that the marine tech industry can be volatile. While OPTT’s recent deals are promising, they’ll need to maintain this momentum to reach profitability by 2025. The upcoming funding round will be crucial for their expansion plans.
I’m cautiously optimistic about OPTT’s future, but as always, it’s essential to diversify investments and keep a close eye on their financial reports and order book growth in the coming quarters.