Ocean Power Techs (AMEX: OPTT) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $(0.03) by 100 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 $1.344 million which missed the analyst consensus estimate of $3.196 million by 57.94 percent. This is a 2.13 percent increase over sales of $1.316 million the same period last year.