OPT revises FY2026 results: revenue down to $3.7M, net loss up to $48.9M; going concern

Ocean Power Technologies, Inc.

Revenue revised down ~$0.4M to $3.7M for FY ended Apr 30, 2026; gross loss cut to $5.9M from $8.1M.
Net loss increased ~$5.2M to $48.9M; prior-year net loss up ~$3.0M on fair value loss.
Audit report includes going concern qualification for FY2026; no cash impact from revisions.
Revisions due to accounting treatment changes, not business changes; contracts unchanged.

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