 Water Tower Research analyst Shawn Severson has noted that second-quarter 2023 results from Ocean Power Technologies Inc NYSE-A:OPTT OPTT showed its consulting business driving top-line growth, together with strong RD efforts across the companys offerings. Severson pointed out that OPTT saw its Q2 revenue grow by 22.7 year-on-year to 0.3 million, compared with 0.2 million in 2Q22, with the increase was primarily due to higher levels of revenue, stemming from the acquisition of MAR, which produced 0.1 million in 2Q23, while sales of WAM-Vs also drove growth. 