Ocean Power Technologies reports preliminary Q2 FY2025 revenue above $2M, net loss down 44%

Ocean Power Technologies, Inc.

2025-Q2 EPS reported -$0.09 revenue$3,719,000

Estimated Q2 revenue greater than $2 million, more than double the $0.9 million in the prior-year period.
Anticipated net loss of approximately $4 million, down from $7.2 million year-over-year, a decrease of over 40%.
Cash used in operating activities less than $4.7 million, compared to $7.5 million, a 40% reduction.
Completed second set of exercises for U.S. Navy Project Overmatch as subcontractor to EpiSci.
Filed prospectus supplement to increase available issuance to $60.3 million under sales agreement with A.G.P./Alliance Global Partners.

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