secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2026-03-13T23:59:59+00:00
Accession:  0001493152-26-010048
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226010048/0001493152-26-010048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226010048/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-010048

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