Ocean Power Technologies, Inc. OPTT Cash Flow

Ocean power technologies, inc. (OPTT)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10
Cash flows from operating activities:
Net loss
-2,919	-3,189	-3,025	-2,505	-2,611	-3,890	-3,240	-3,254	-1,663	-2,577	-2,663	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,827	-3,983	-1,957	-3,028	-4,114	-3,287	-2,191	-4,396	-3,348	-3,309	-778	-3,307	-3,796	-4,173	-1,497	-4,790	-4,362	-4,113	-2,186	-3,890	-4,999	-5,315	-3,366	-5,506	-6,270
Adjustments to reconcile net loss to net cash used in operating activities:
Foreign exchange gain/(loss)
-1	9	-13	-12	12	-29	-26	-32	52	-7	62	4	-26	1	5	45	-188	-24	18	5	-246	-216	-5	31	23	107	21	-99	21	102	-108	-11	-113	29	-9	-23	-38	71	-239
Depreciation and amortization
90	88	85	45	45	45	45	43	27	21	31	36	36	34	34	28	28	27	28	237	240	242	243	100	104	109	107	125	130	128	116	141	98	96	99	88	86	91	92
Loss on disposal of property, plant and equipment
-	-	-	-	-	-	-	0	-1	0	-4	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42	-0	-9	0	-	-	-	-
Treasury note discount amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-0	5	-39	1	18	7	-1	-59	13	13	13	13	13	30
Compensation expense related to stock option grants and restricted stock
57	76	92	95	65	55	80	79	77	82	91	234	370	410	218	38	21	131	145	93	85	140	12	202	200	139	229	103	138	230	386	186	231	332	370	494	161	381	410
Gain due to the change in fair value of warrant liabilities
0	0	-6	-12	-47	-51	-85	-40	-14	-31	-37	-330	104	-2,017	752	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-927	925	9	-3	-401	365	-69	171	0	-86	38	48	0	-150	150	-14	-90	-19	20	84	18	0	-308	-123	-306	115	-472	141	77	-581	99	461	253	-870	282	499	258	-478	-556
Unbilled receivables
-	-	-	0	0	0	-71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled receivables
-	-	-	-	-	-	-	-	-	161	133	-28	221	52	13	0	-9	-16	-18	-107	170	-472	454	-295	155	88	-37	-397	-131	421	12	-	-	-	-	-193	154	141	-103
Contract assets
-76	-25	121	-70	62	15	8	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	973	-865	-	-	-	-
Increase in other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-114	-92	236	-	61	-670	378	-	54	-102	224	-159	-138	-266	-120	37	-95	-36	112	126	-33	-1,442	1,151
Decrease in other noncurrent assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	-60	9	-	2	84	46	-	3	103	35	44	34	0	13	10	13	-49	-17	-147	-25	-94	-635
Other assets
-25	-24	30	-528	94	96	13	-202	-94	341	-239	159	-252	-65	370	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-56	77	-215	139	-140	-41	65	60	-93	142	-405	399	46	-496	264	-76	190	-62	-29	204	-258	-243	153	217	-222	-569	562	137	-115	-148	230	214	-155	-208	-397	-175	143	-435	-423
Accrued expenses
332	257	-332	-597	337	355	-411	578	124	8	-1,531	-66	736	-490	215	-46	249	-1,146	1,118	66	-397	-839	800	-678	-727	540	-118	646	-398	540	369	-511	-276	-209	-373	779	-855	705	-637
Deferred rent
-	-	-	0	0	3	2	3	2	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred credit payable
-	-	-	0	0	-200	-400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance payment received from customer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5,237	527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned revenue
-	-	-	0	0	0	-18	-	-	-	-	0	0	0	-39	39	0	0	0	0	-115	115	-992	-	-	-	-	-	-	-	-	-	126	-99	900	-409	-454	-387	490
Change in lease liability
-51	-49	-47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred credit payable
-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract liabilities
-695	812	-10	-68	-117	349	24	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term unearned revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-1	-3	-137
Net cash used in operating activities
-2,213	-2,813	-3,605	-2,290	-2,235	-3,822	-3,793	-2,519	-1,497	-2,442	-4,238	-2,486	-1,268	-3,363	-2,921	-2,854	-1,091	-3,866	-3,118	-2,422	-2,640	-8,943	-3,167	-	-	-3,405	-3,077	-	-	-	-	-4,171	-1,854	-3,023	-4,865	-4,782	-4,589	-3,336	-6,061
Cash flows from investing activities:
Purchases of marketable securities
-	-	-	0	0	0	25	0	0	25	0	-25	25	-25	25	-	-	-	0	25	50	1,999	11,747	5,488	8,996	2,499	6,998	3,998	2,638	207	9,833	5,725	11,988	589	271	465	753	739	6,035
Maturities of marketable securities
-	-	-	0	0	25	25	0	0	25	0	-	-	-	-	-25	-25	-25	75	0	16,495	2,748	8,996	2,499	3,998	5,997	10,993	4,141	160	11,582	9,171	11,831	16,146	580	10,000	47	4,507	10,505	11,998
Purchase of computers, equipment and furniture
20	13	28	-	2	22	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28	-60	-23	-27	-41	-74	-6,967	255	5,179	0	845	-100	0	0	0	-75	-	-	-	-	52	0	0	250
Leasehold improvements and purchase of equipment
-	-	-	-	-	-	-	104	491	51	12	15	10	7	5	0	12	1	9	21	43	9	1	6	0	6	14	7	47	115	224	336	82	45	82	5	25	20	21
Payments of patent costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	42	39	56	68	77	32	80
Net cash used in investing activities
-20	-13	-28	0	-2	3	-30	-104	-491	-51	-12	-15	-10	68	-30	3	22	-3	93	-5	16,476	7,706	-3,006	-8,174	-4,997	2,646	4,080	136	-2,525	11,259	-812	5,727	4,032	-38	9,589	-544	3,651	9,713	5,610
Cash flows from financing activities:
Proceeds from issuance of common stock, net of issuance costs
-	-	-	-	-	-	-	7	0	7,426	7,221	-	-	-	5,261	0	-4	4	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock- Aspire financing net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-2	12,152	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs associated with exercise of pre-funded warrants
-	-	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of capital lease obligations
-	-	-	0	4	10	9	9	9	8	9	-42	7	63	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	250
Payment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	-75	25	25	25	25	25	25	25	25	25	25	25	25	25	25	25	25	25	0	89	0	0	0	6
Acquisition of treasury stock
0	0	1	-	-	-	-	0	3	2	32	3	85	33	4	2	2	1	0	0	0	0	1	0	0	0	6	0	12	0	9	3	16	15	23	-	-	-	-
Net cash provided by financing activities
1,626	746	-19	16,743	392	57	-9	-2	-12	7,416	7,180	-11	-94	6,827	5,225	94	172	-21	-25	-25	-25	-24	-25	14,568	2,478	3,412	-31	-25	-37	-25	-34	-28	-41	-15	-112	-5	-30	0	243
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-10	15	-20	-22	17	-44	-31	-55	75	-22	90	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash, cash equivalents and restricted cash
-617	-2,065	-3,672	14,431	-1,828	-3,806	-3,863	-2,680	-1,925	4,901	3,020	-2,500	-1,409	3,527	2,261	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	-30	-6	-47	-80	-180	-127	-31	-6	-27	41	-6	-61	-15	49	-43	-3	-62	-64	-89	206	-25	194	-104
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,683	-926	-3,897	-3,098	-2,533	13,630	-1,388	-6,231	7,942	-4,115	2,694	964	-2,582	-4,491	8,356	-4,263	1,523	2,073	-3,142	4,522	-5,126	-995	6,572	-310
Supplemental schedule of cash flows information:
Cash paid for interest
-	-	-	-	-	-	-	0	1	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash investing activities:
Acquisition of computers, equipment and furniture through accrued expenses
-	-	1	-	-	-	10	-2	13	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash financing activities:
Capitalized purchases of equipment financed through accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	-9	6	3	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized patent costs financed through accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	23	24	35	-10	8	7
Capitalized purchases of equipment financed through accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-76	80	27	-23	18	19	312	-3	0	5