secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001493152-25-027865
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPT reports Q2 FY2026 revenue of $0.4M, net loss $10.8M; backlog rises 300% to $15M
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- Revenue of $0.4M in Q2 FY2026, down from $2.4M in Q2 FY2025, due to US federal government shutdown timing.
- Net loss of $10.8M in Q2, compared to $3.9M in prior year; operating expenses increased partly due to $2.5M non-cash stock comp.
- Backlog reached $15.0M as of Oct 31, 2025, up nearly 300% from $3.8M a year ago; pipeline grew 63% to $137.5M.
- Shipped eight WAM-V ASVs during quarter; entered strategic partnerships with Mythos AI and Gradient Marine.
- Cash and short-term investments $11.7M at Oct 31, 2025, up from $6.7M at start of fiscal year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225027865/0001493152-25-027865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225027865/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-027865

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