---
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"
generated_at: "2026-05-31T02:45:14.398761+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-037590
- JSON: https://secwatch.observer/filing/0001493152-24-037590.json
- Plain text: https://secwatch.observer/filing/0001493152-24-037590.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.