{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-032567","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2023-09-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.742960+00:00","generated_at":"2026-06-10T17:28:16.362974+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ocean Power Technologies Q1 revenue rises to $1.3M, pipeline jumps 215% to $85M","bullets":["Revenue $1.3M (+86% YoY); gross profit $0.7M vs $0.2M; gross margin 52.1% vs 27.2%.","Net loss widened to $7.0M from $5.9M; cash & equivalents $26.7M vs $51.9M year ago.","Pipeline reached $85M, up 215% YoY, driven by defense/security and offshore wind demand.","Awarded 3-year NOAA IDIQ contract with up to $10M total value (not in pipeline).","Opened new marine robotics production facility in Richmond, CA; WAM-V remote charging demo completed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-032567","json":"https://secwatch.observer/filing/0001493152-23-032567.json","markdown":"https://secwatch.observer/filing/0001493152-23-032567.md","text":"https://secwatch.observer/filing/0001493152-23-032567.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223032567/0001493152-23-032567-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223032567/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T17:28:16.362974+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":"31abbf884c2c044c8d7e504b7703b7d3f277a505","claim":"Ocean Power Technologies, Inc. reported fiscal first quarter ended July 31, 2023 results: revenue $1.3 million, net income $7.0 million.","evidence_excerpt":"interest from offshore wind companies for autonomous monitoring, surveillance and survey-related services during various stages of the project development cycle. ● Revenues of $1.3 million for Q124 grew $0.6 over revenues of $0.7 million for the fiscal quarter ended July 31, 2022 (“Q123)”. ● Gross profit for Q124 was $0.7 million, compared to gross profit of $0.2","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223032567/0001493152-23-032567-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal first quarter ended July 31, 2023"},{"label":"Revenue","value":"$1.3 million"},{"label":"Net income","value":"$7.0 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"}