Ocean Power Technologies Management
Management criteria checks 3/4
Ocean Power Technologies' CEO is Philipp Stratmann, appointed in Jun 2021, has a tenure of 3.5 years. total yearly compensation is $858.89K, comprised of 43.4% salary and 56.6% bonuses, including company stock and options. directly owns 0.096% of the company’s shares, worth $63.38K. The average tenure of the management team and the board of directors is 3 years and 4 years respectively.
Key information
Philipp Stratmann
Chief executive officer
US$858.9k
Total compensation
| CEO salary percentage | 43.4% |
| CEO tenure | 3.5yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
Ocean Power announces planned transfer of Nasdaq listing to NYSE
Jun 08Ocean Power Technologies buys 3Dent Technology
Feb 02Did Business Growth Power Ocean Power Technologies' (NASDAQ:OPTT) Share Price Gain of 261%?
Jan 13
Ocean Power reports FQ2 results
Dec 07Ocean Power: Could Come Crashing Down
Dec 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Oct 31 2024 | n/a | n/a | -US$22m |
| Jul 31 2024 | n/a | n/a | -US$25m |
| Apr 30 2024 | US$859k | US$373k | -US$27m |
| Jan 31 2024 | n/a | n/a | -US$30m |
| Oct 31 2023 | n/a | n/a | -US$30m |
| Jul 31 2023 | n/a | n/a | -US$28m |
| Apr 30 2023 | US$868k | US$360k | -US$26m |
| Jan 31 2023 | n/a | n/a | -US$22m |
| Oct 31 2022 | n/a | n/a | -US$21m |
| Jul 31 2022 | n/a | n/a | -US$22m |
| Apr 30 2022 | US$968k | US$345k | -US$19m |
| Jan 31 2022 | n/a | n/a | -US$19m |
| Oct 31 2021 | n/a | n/a | -US$17m |
| Jul 31 2021 | n/a | n/a | -US$14m |
| Apr 30 2021 | US$340k | US$240k | -US$15m |
Compensation vs Market: Philipp's total compensation ($USD858.89K) is above average for companies of similar size in the US market ($USD650.40K).
Compensation vs Earnings: Philipp's compensation has been consistent with company performance over the past year.
CEO
Philipp Stratmann (45 yo)
3.5yrs
Tenure
US$858,889
Compensation
Dr. Philipp Stratmann is Chief Executive Officer, President & Director of Ocean Power Technologies, Inc. from June 18, 2021. He served as the Vice President of Global Business Development at Ocean Power Te...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.5yrs | US$858.89k | 0.096% $ 63.4k | |
| Senior VP | 3yrs | US$572.01k | 0.042% $ 28.0k | |
| Chief Commercial Officer | 1.1yrs | US$474.12k | 0.041% $ 26.8k | |
| General Counsel & Secretary | no data | no data | no data |
3.0yrs
Average Tenure
49yo
Average Age
Experienced Management: OPTT's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.5yrs | US$858.89k | 0.096% $ 63.4k | |
| Independent Director | 4yrs | US$191.00k | 0.11% $ 73.7k | |
| Independent Chairman of the Board | 12.2yrs | US$277.00k | 0.21% $ 139.6k | |
| Independent Director | 4yrs | US$165.00k | 0.11% $ 73.7k | |
| Independent Director | 4yrs | US$185.00k | 0.17% $ 109.6k | |
| Independent Director | 3yrs | US$153.00k | 0.11% $ 73.7k |
4.0yrs
Average Tenure
61.5yo
Average Age
Experienced Board: OPTT's board of directors are considered experienced (4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 23:10 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/04/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ocean Power Technologies, Inc. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amit Dayal | H.C. Wainwright & Co. |
| Amit Dayal | Rodman & Renshaw, LLC |
| Justin Cable | Seaport Research Partners |