secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2025-09-16T23:59:59+00:00
Accession:  0001493152-25-013624
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fiscal Q1: backlog surges 184% to $15M; net loss $7.4M; strategic partnership with Gradient Marine
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- Backlog surged 184% to $15.0M as of July 31, 2025; pipeline $133.5M (+45% YoY).
- Revenue $1.2M (-9% YoY); net loss $7.4M (vs $4.5M) driven by $2.1M non-cash stock comp.
- Cash $10.0M; operating cash use $5.6M vs $6.1M prior year.
- Announced strategic partnership with Gradient Marine for digital twin and simulation.
- Expanded UAE partnership with Unique Group; opened new DC office at AUVSI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225013624/0001493152-25-013624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225013624/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-013624

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer