OPT reports FY25 net loss of $21.5M; backlog hits record $12.5M (+158% YoY)

Ocean Power Technologies, Inc.

FY25 revenue $5.9M (+6% YoY); operating expenses down 28% to $23.3M.
Record backlog of $12.5M and pipeline of $137.5M as of April 30, 2025.
Signed $3M reseller agreement with Mexican firm to expand Latin American reach.
Cash and equivalents $6.9M, up from $3.3M at prior year-end; operating cash burn improved to $18.6M.
Net loss narrowed to $21.5M from $27.5M; gross profit $1.7M vs $2.8M in FY24.

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