{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-044738","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2023-12-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.804023+00:00","generated_at":"2026-06-07T13:22:48.279495+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ocean Power Technologies Q2 revenue triples to $0.9M; net loss widens to $7.2M","bullets":["Revenue $0.9M vs $0.3M YoY; gross profit $0.5M vs $39K; net loss $7.2M vs $4.8M.","Pipeline grew 221% YoY to ~$93M; backlog $4.5M at Oct 31.","Expects cashflow positive within calendar year 2025 after pivot to commercial activities.","Received letter contract for multi-buoy array with $6.5M ceiling for US government agencies.","Appointed Matt Burdyny as Chief Commercial Officer and Rear Admiral Mercado as special advisor."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-044738","json":"https://secwatch.observer/filing/0001493152-23-044738.json","markdown":"https://secwatch.observer/filing/0001493152-23-044738.md","text":"https://secwatch.observer/filing/0001493152-23-044738.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223044738/0001493152-23-044738-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223044738/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T13:22:48.279495+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":"4db9f9bdedab64f6a4f6c72646ac1f189ad576a9","claim":"Ocean Power Technologies, Inc. reported fiscal second quarter ended October 31, 2023 results: revenue $0.9 million.","evidence_excerpt":"31, 2022. The pipeline continues to grow, reflecting a significant increase in defense and security activity as well as an expansion of commercial opportunities. ● Revenues of $0.9 million for Q224 grew $0.6 million over revenues of $0.3 million for the fiscal quarter ended October 31, 2022 (“Q223”). Revenue for the six months ended October 31, 2023 was $2.2","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223044738/0001493152-23-044738-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter ended October 31, 2023"},{"label":"Revenue","value":"$0.9 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"}