| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| OPTT | PPSI | NRGV | PSIX | FTCI | | SES | |
| NYSEAM:OPTT | NasdaqCM:PPSI | NYSE:NRGV | NasdaqCM:PSIX | NasdaqCM:FTCI | | NYSE:SES | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 54.3% | 15.6% | NM- | -2.7% | NM- | | NM- | |
| 3Y CAGR | 66.1% | 28.6% | NM- | 1.4% | -12.2% | | NM- | |
| Latest Twelve Months | 24.0% | -18.3% | -86.5% | 3.7% | -55.9% | | NM | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -860.4% | -21.1% | -70.7% | 2.6% | -48.5% | | -5355.3% | |
| Prior Fiscal Year | -1028.7% | -22.5% | -31.1% | 9.7% | -80.6% | | NA | |
| Latest Fiscal Year | -532.2% | -6.4% | -277.3% | 16.2% | -36.5% | | -5355.3% | |
| Latest Twelve Months | -343.0% | -28.1% | -277.3% | 16.2% | -81.5% | | -5355.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 11.37x | 0.99x | 1.61x | 1.41x | 0.60x | | -30.39x | |
| EV / LTM EBIT | -3.3x | -3.5x | -0.6x | 8.7x | -0.7x | | 0.6x | |
| Price / LTM Sales | 12.67x | 0.97x | 2.30x | 1.22x | 0.64x | | 93.13x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.60x | 1.41x | 11.37x | | | | | |
| Historical EV / LTM Revenue | -30.39x | -30.39x | -30.39x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 7.58x | 7.98x | 8.37x | | | | | |
| (x) LTM Revenue | 2 | 2 | 2 | | | | | |
| (=) Implied Enterprise Value | 15 | 16 | 17 | | | | | |
| (-) Non-shareholder Claims * | 252 | 252 | 252 | | | | | |
| (=) Equity Value | 267 | 268 | 269 | | | | | |
| (/) Shares Outstanding | 364.7 | 364.7 | 364.7 | | | | | |
| Implied Value Range | 0.73 | 0.74 | 0.74 | | | | | |
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.73 | 0.74 | 0.74 | | 0.52 | | | |
| Upside / (Downside) | 40.8% | 41.3% | 41.7% | | | | | |