secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0001493152-25-010878
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPTT Q3 FY2025 revenue $0.8M (-54% YoY), backlog record $7.5M, cash burn down 59%
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- Revenue $0.8M, down 54% YoY from $1.8M; trailing twelve-month revenue $6.1M, up 24%.
- Operating expenses $6.1M, down 29% YoY; Loss before income taxes $6.7M, improved from $7.8M.
- Backlog $7.5M, record high vs $3.3M prior year; driven by $5M purchase orders from new Latin America partner.
- Cash used in ops $3.7M, down 59% YoY; total cash $10.2M vs $3.3M at April 30, 2024.
- Recent: multi-day WAM-V offshore demo in California; new sales hire for DHS/DOD; NAVDEX participation with Remah.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225010878/0001493152-25-010878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225010878/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-010878

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