{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-037590","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2024-09-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.839986+00:00","generated_at":"2026-05-31T02:45:14.398761+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"OPT reports Q1 FY2025 net loss of $4.5M; operating expenses down 39% YoY; pipeline reaches record $92M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-037590","json":"https://secwatch.observer/filing/0001493152-24-037590.json","markdown":"https://secwatch.observer/filing/0001493152-24-037590.md","text":"https://secwatch.observer/filing/0001493152-24-037590.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224037590/0001493152-24-037590-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224037590/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T02:45:14.398761+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}