OPTT
Ocean Power Technologies, Inc.0.3391
+0.0391+13%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
66.11MP/E (TTM)
-Basic EPS (TTM)
-0.18Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
8-K
Additional $6.5M notes issued
Ocean Power Technologies issued $6.5 million in additional Series B convertible notes to institutional investors on October 7, 2025, under a May securities purchase agreement allowing up to $25 million total. This takedown from their shelf registration bolsters funding for operations amid growth pursuits. Yet the notes convert into common stock, diluting shareholders. No maturity or rate details disclosed here.
8-K
Q1 results and key partnership
Ocean Power Technologies reported fiscal first quarter 2026 results on September 15, 2025, with revenues dipping 9% to $1.2 million and a net loss widening to $7.4 million, driven by $2.1 million in non-cash stock compensation, yet backlog surged 184% to $15.0 million while pipeline grew 45% to $133.5 million. The company announced a strategic U.S. partnership with Gradient Marine to integrate digital twin simulations for PowerBuoy and WAM-V platforms, aiming to accelerate development and cut risks in defense and commercial ops. Backlog boom signals robust demand. Forward-looking statements highlight growth potential amid execution risks.
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