OPT reports Q1 FY2025 net loss of $4.5M; operating expenses down 39% YoY; pipeline reaches record $92M

Ocean Power Technologies, Inc.

2025-Q1 EPS reported -$0.05 revenue$1,301,000

Revenue of $1.3M flat YoY; gross margin fell to 34% from 52% due to lower-margin pass-through revenue.
Operating expenses of $4.9M decreased 39% from $8.1M; net loss improved to $4.5M from $7.0M.
Pipeline grew to ~$92M (record); backlog increased 71% to $5.3M from $3.1M.
Cash used in operations was $6.1M, down 23% YoY; cash and equivalents of $3.3M, no debt.
Amended stock purchase agreement adds covenant limiting share issuance to 19.99% without stockholder approval.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.