Ocean Power Q3 revenue $400-600K (down ~50% YoY); net loss ~$11.4M; backlog $19.9M (+165%)

Ocean Power Technologies, Inc.

2026-Q3 EPS reported -$0.16 revenue$2,119,000

Q3FY26 revenue estimated $400K–$600K vs $0.8M YoY; net loss $11.3–$11.5M vs $6.7M YoY.
Backlog $19.9M (+165% YoY); pipeline $163.9M (+84% vs Oct 2025).
Secured $6.5M multi-buoy DHS/Coast Guard contract; deliveries start Q4FY26; Anduril prime contractor.
Cash used in ops <$20.0M vs $14.6M prior year period.
WAM-V shipped to Greece; autonomous docking solution moved to full-scale build; target early-access launch calendar 2026.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ocean Power Technologies, Inc. reported the third quarter ended January 31, 2026 results: revenue $400 thousand to $600 thousand, net income approximately $11.3 to $11.5 million.

Period: the third quarter ended January 31, 2026
Revenue: $400 thousand to $600 thousand
Net income: approximately $11.3 to $11.5 million
Result: preliminary results

Exact text from the filing

and geographic expansion, reinforcing OPT’s role as a provider of persistent, mission-critical maritime infrastructure for U.S. national security. ● Revenue: Estimated to be $400 thousand to $600 thousand for Q3FY26, compared to $0.8 million for the same period last year ● Net Loss: Anticipated net loss of approximately $11.3 to $11.5 million, compared to $6.7

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Ocean Power Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-010048

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