{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-035445","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2022-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.374558+00:00","generated_at":"2026-06-21T04:38:49.592321+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ocean Power Tech Q2 orders surge to $2.3M; annual meeting adjourned for lack of quorum","bullets":["Q2 orders $2.3M (vs $0.1M prior year); fiscal year order guidance reaffirmed at $9.0M.","Revenue $0.3M (+23% YoY); net loss $4.8M improved from $5.2M loss prior year.","Cash $46.4M, no debt; operating cash burn $11.0M for six months.","Annual meeting adjourned to Jan 13, 2023 due to lack of quorum; votes still being solicited.","Awarded $0.5M government surveillance contract; $1.1M advance for MOSWEC wave energy project."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-035445","json":"https://secwatch.observer/filing/0001493152-22-035445.json","markdown":"https://secwatch.observer/filing/0001493152-22-035445.md","text":"https://secwatch.observer/filing/0001493152-22-035445.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315222035445/0001493152-22-035445-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315222035445/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T04:38:49.592321+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"efd63b11c0c4e67e829bbcec16c0883c16436ab8","claim":"Ocean Power Technologies, Inc. reported fiscal second quarter ended October 31, 2022 results: revenue $0.3 million, net income $4.8 million.","evidence_excerpt":"● Revenues for the 2Q23 were $0.3 million, as compared to $0.2 million in 2Q22. Revenues increased to $1.0 million for the six months ended 2Q23, as compared to $0.5 million for the same period in the six month period, reflecting growth of 96.0%. This growth has been driven by sales of WAM-V’s and an increase in Strategic Consulting Services during the first six months ended 2Q23. 1 ● Engineering and product development costs were $1.8 million in the 2Q23, down slightly from the $2.2 million in 1Q23 due to timing of projects and programs. ● Selling, general, and administrative (SG&A) costs were $4.6 million for the 2Q23, reflecting an increase over $4.1 million for 1Q23. This increase is mainly related to increased payroll related expenses in the quarter. ● Net loss was $4.8 million for the 2Q23, as compared to $5.2 million for the 2Q22. Net loss was $10.7 million for the six months ended 2Q23, as compared to a net loss of $8.3 million for the same period 2Q22.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315222035445/0001493152-22-035445-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter ended October 31, 2022"},{"label":"Revenue","value":"$0.3 million"},{"label":"Net income","value":"$4.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}