secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2026-08-24T13:00:14+00:00
Accession:  0001493152-26-039793
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226039793/0001493152-26-039793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226039793/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-039793

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