{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-009843","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2024-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.999929+00:00","generated_at":"2026-06-04T22:05:23.246858+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":"OPT Q3 revenue $1.8M (+157%), net loss $6.5M; pipeline $77M","bullets":["Revenue $1.8M in Q3 FY2024, up from $0.7M YoY; nine-month revenue $4.0M vs $1.8M.","Gross margin 45.4% in Q3 vs 18.5% YoY; gross profit $0.8M vs $0.1M.","Net loss $6.5M in Q3 vs $6.1M; includes ~$3.2M Paragon-related expenses YTD.","Pipeline ~$77M, 5.5x YoY increase from ~$14M, driven by defense and security.","Cash $9.3M at Jan 31, 2024, down from $41.1M a year ago; no bank debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-009843","json":"https://secwatch.observer/filing/0001493152-24-009843.json","markdown":"https://secwatch.observer/filing/0001493152-24-009843.md","text":"https://secwatch.observer/filing/0001493152-24-009843.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224009843/0001493152-24-009843-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224009843/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T22:05:23.246858+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":"8eb92d595b7b578efb897ead6170f36d0bf4160a","claim":"Ocean Power Technologies, Inc. reported third quarter ended January 31, 2024 results: revenue $1.8 million.","evidence_excerpt":"including cost optimization, accelerated revenue growth, partnerships, or other mechanisms. FINANCIAL HIGHLIGHTS – Q324 Income Statement: ● Revenues for Q324 were $1.8 million, compared to $0.7 million in Q323. Revenues for the nine months ended January 31, 2024, were $4.0 million, compared to $1.8 million for the nine months ended January 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224009843/0001493152-24-009843-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended January 31, 2024"},{"label":"Revenue","value":"$1.8 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"}