---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050911"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:11:58.718999+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# OPT Q2 revenue $2.4M (up 172% YoY); net loss narrows to $3.9M; $54M convertible note facility

## Summary
- Revenue $2.4M for Q2FY25, 2.7x increase YoY; net loss $3.9M vs $7.2M prior year, down 46%.
- Operating expenses fell 41% to $4.7M; cash used in ops $4.8M, down 37% YoY.
- Reaffirmed profitability target in Q4 calendar 2025; trailing 12-month revenue $7.1M, up 83%.
- Entered $54M convertible note facility; initial $4M note at 12.5% interest, 18-mo maturity, 9.5% OID.
- Partnerships: $3M purchase orders in LatAm; expanded Middle East; completed Project Overmatch exercises.

## SEC filing metadata
- accession: 0001493152-24-050911
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000149315224050911/0001493152-24-050911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000149315224050911/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050911
- JSON: https://secwatch.observer/filing/0001493152-24-050911.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050911.txt

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