{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-007508","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.686936+00:00","generated_at":"2026-06-18T03:01:08.302665+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Ocean Power Tech Q3 revenue up 51.7% to $0.7M; net loss widens to $6.1M","bullets":["Revenue of $0.7M, up 51.7% YoY; nine-month revenue $1.8M, up 74.7%.","Gross profit turned positive at $0.1M vs loss of $(0.1)M in Q322; gross margin 18.5%.","Net loss $6.1M vs $5.5M loss in prior year; nine-month loss $16.8M vs $13.8M.","Total orders Q3 $0.8M; nine-month orders $3.8M, up 111% YoY.","Cash $41.1M at Jan 31, 2023; operating cash burn $16.1M YTD."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-007508","json":"https://secwatch.observer/filing/0001493152-23-007508.json","markdown":"https://secwatch.observer/filing/0001493152-23-007508.md","text":"https://secwatch.observer/filing/0001493152-23-007508.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223007508/0001493152-23-007508-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223007508/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T03:01:08.302665+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":"0fbd55852705f2f5ea1f91b4df5e53347f703447","claim":"Ocean Power Technologies, Inc. reported nine months ended January 31, 2023 results: revenue $1.8 million, net income $16.8 million.","evidence_excerpt":"Revenues of $1.8 million for the nine months ended Q323, increased 74.7%, over revenues of $1.0 million for the same timeframe in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223007508/0001493152-23-007508-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended January 31, 2023"},{"label":"Revenue","value":"$1.8 million"},{"label":"Net income","value":"$16.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b8e2eae06dabb21f0c9d6a9e80b2740ecef14f73","claim":"Ocean Power Technologies, Inc. reported fiscal third quarter ended January 31, 2023 results: revenue $0.7 million, net income $6.1 million.","evidence_excerpt":"Revenues for the Q323 were $0.7 million, reflecting a growth of 51.7% over Q322 revenues.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223007508/0001493152-23-007508-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal third quarter ended January 31, 2023"},{"label":"Revenue","value":"$0.7 million"},{"label":"Net income","value":"$6.1 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"}