Common Stock, $0.001 Par Value
- Symbol
- OPTT
- Exchange
- NYSEAMER
- Classification
- COMMON
- Status
- Current
Current Report · Items 2.02, 8.01, 9.01 · 8-K
Ocean Power Technologies, Inc.
OPTTNYSE_AMERICANEQUITYCurrent
Results of Operations and Financial Condition · Other Events
Item Results 2.02. of Operations and Financial Condition. On August 19, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing an update to the preliminary financial results previously announced on July 23, 2026 for the fiscal year and quarter ended April 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.…
Press release in this filing
Ocean Power Technologies Provides Update to Previously Announced Preliminary Fiscal 2026 Financial Results →Company context
We are a Maritime Domain Awareness (MDA) company specializing in innovative intelligent maritime solutions. These solutions include a variety of “as a service” systems, including Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). These systems consist of a variety of platforms including the PowerBuoy®, our persistent sensor and power solution, the WAM-V® (Wave Adaptive Modular Vessel), our autonomous unmanned surface vehicle, and Merrows™, our user interface and command and control (C2) system that integrates multiple sensor feeds using software and hardware and enables artificial intelligence and machine learning (AI/ML) integration. We design, manufacture, deploy, and operate these systems for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets. We operate primarily through a combination of direct sales and leases, strategic partnerships, and long-term service agreements. Our business model emphasizes capital-light deployments, recurring revenue from service and maintenance contracts, and high-margin technology sales and leases.
Current securities
Recent company filings
- S-1/A filingNov 5, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity SecuritiesNov 3, 2026
- DEF 14A filingOct 29, 2026
- S-1/A filingOct 29, 2026
- Changes in Registrant's Certifying Accountant · Other EventsOct 28, 2026
Registered securities in this filing
Ocean Power Technologies, Inc. · 8-K · Filed 2026-08-24
Series A Preferred Stock Purchase Rights
- Symbol
- N/A
- Exchange
- NYSEAMER
- Classification
- RIGHT
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item Results
2.02. of Operations and Financial Condition.
On
August 19, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing an update to the preliminary
financial results previously announced on July 23, 2026 for the fiscal year and quarter ended April 30, 2026. A copy of the press release
is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
In
accordance with General Instruction B.2 of Form 8-K, the information set forth in Item 2.02 and in the attached Exhibit 99.1 shall be
deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended.
Item 8.01Item 8.01 - Other Events
Item Other
8.01 Events
On
August 21, 2026, the Company issued a press release announcing that their recently completed audit for the fiscal year ended April
30, 2026 included a going concern qualification. A copy of the press release is filed as Exhibit 99.2 to this report and is incorporated
herein by reference.
Filed exhibits (2)
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Ocean Power Technologies Provides Update to Previously Announced Preliminary Fiscal 2026 Financial Results MONROE TOWNSHIP, N.J., August 19, 2026 - Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure, autonomous ocean systems, and AI-enabled maritime intelligence solutions, today provided an update to the preliminary financial results previously announced on July 23, 2026. Following completion of additional audit procedures and consultation with the National Office of the Company’s independent registered public accounting firm, the Company revised its accounting treatment with respect to certain revenue, costs and other accounting matters identified in connection with the completion of the audit. As a result, certain previously reported preliminary financial results have been updated. The revisions for the fiscal year ended April 30, 2026 decrease revenue by approximately $0.4 million from $4.1 million to $3.7 million, decreased gross loss by approximately $2.2 million, from the previously reported gross loss of $8.1 million to $5.9 million, and decreased ope…
Open exhibit ↗EX-99.2 3 ex99-2.htm EX-99.2 Exhibit 99.2 Ocean Power Technologies, Inc. Provides Required Disclosure MONROE TOWNSHIP, N.J., Aug. 21, 2026 (GLOBE NEWSWIRE) - Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, announced that its Financial Statements included in its Annual Report on Form 10-K for the year ended April 30, 2026, contained an audit report from its Independent Registered Public Accounting Firm with an explanatory paragraph emphasizing a going concern qualification. Release of this information is required by Section 610(b) of the NYSE American Company Guide and does not reflect any change or amendment to any of the Company’s filings for the fiscal year ended April 30, 2026. For more information about Ocean Power Technologies, visit www. OceanPowerTechnologies.com. ABOUT OCEAN POWER TECHNOLOGIES OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI capable seamless …
Open exhibit ↗