Ocean Power Technologies, Inc.

Listed Company

OPTTCIK 0001378140NYSENon-AcceleratedSmaller ReportingElectric ServicesNew JerseyFY ends Apr 30

Period

FY 2025

Revenue

$5.86M

Net Income

$-21.50M

Total Assets

$30.79M

Equity

$26.65M

Shares Out

228.02M

Op. Cash Flow

$-18.60M

OPTT$0.20−72.35% · past yearDBEQ Basic

Daily closing prices

Business

Ocean Power Technologies, Inc. (OPT) designs, manufactures, deploys, and operates autonomous maritime systems for defense, security, offshore energy, and environmental monitoring. Core offerings include the PowerBuoy® renewable energy platform, WAM-V® autonomous surface vehicles, and Merrows™ command-and-control software, delivered through Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS) models. The company serves U.S. and allied defense agencies, offshore energy operators, and commercial customers globally through direct sales, leases, strategic partnerships, and long-term service agreements, emphasizing recurring revenue and capital-light deployments.

Summary from 10-K filed 2025-07-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Revenue	6	6	3	2	—
Cost of revenue	4	3	2	2	2
Gross profit	2	3	236,000	−101,000	−1
Loss/(Gain) from change in fair value of consideration	—	−72,000	1	−60,000	—
Operating expenses	23	32	28	—	—
Total operating expenses	23	32	29	21	13
Operating loss	−22	−29	−29	−22	−14
Interest income, net	47,000	800,000	902,000	124,000	124,000
Other (expense)/income	−23,000	2,000	—	—	—
Loss on disposition of assets (Note 7)	—	−210,000	—	—	—
Loss on extinguishment of debt	−838,000	—	—	890,000	—
Foreign exchange (loss)/gain	−45,000	2,000	1,000	−1,000	15,000
Loss before income taxes	−23	−29	−27	−21	−15
Income tax benefit	1	1	278,000	2	—
Net loss	−22	−27	−26	−19	−15
Basic net loss per share	−0.17	−0.47	−0.47	−0.35	−0.49
Diluted net loss per share	−0.17	−0.47	−0.47	−0.35	—
Weighted average shares used to compute basic net loss per share	127	59	56	54,010	30,019
Weighted average shares used to compute diluted net loss per share	127	59	56	54,010	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Cash and cash equivalents	7	3	7	8	83
Accounts receivable, net	1	796,000	745,000	482,000	350,000
Contract assets	1	18,000	152,000	386,000	190,000
Inventory	4	5	1	442,000	—
Other current assets	400,000	2	994,000	467,000	487,000
Total current assets	14	11	38	59	84
Property and equipment, net	3	3	1	445,000	406,000
Intangibles, net	3	4	4	4	274,000
Right-of-use assets, net	2	2	2	752,000	1
Restricted cash, long-term	154,000	154,000	155,000	219,000	222,000
Goodwill	9	9	9	9	—
Total assets	31	29	53	73	86
Accounts payable	568,000	3	952,000	905,000	687,000
Earn out payable	300,000	1	2	—	—
Accrued expenses	1	2	2	877,000	2
Contract liabilities	—	302,000	1	129,000	—
Right-of-use liabilities, current portion	1	774,000	529,000	319,000	347,000
Total current liabilities	3	7	8	3	5
Deferred tax liability	203,000	203,000	203,000	203,000	—
Right-of-use liabilities, less current portion	649,000	2	1	538,000	819,000
Total liabilities	4	9	9	5	6
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $0.001 par value; authorized 5,000,000 shares, none issued or outstanding	—	—	—	—	—
Common stock, $0.001 par value; authorized 300,000,000 and 100,000,000 shares, issued 172,050,563 and 61,352,731 shares, respectively, and outstanding 171,263,086 and 61,264,714 shares, respectively	172,000	61,000	56,000	56,000	52,000
Treasury stock, at cost; 787,477 and 88,017 shares, respectively	−1	−369,000	−355,000	−341,000	−338,000
Additional paid-in capital	357	327	324	323	316
Accumulated deficit	−329	−308	−280	−254	−235
Accumulated other comprehensive loss	—	−45,000	−45,000	−46,000	−171,000
Total shareholders equity	27	19	44	69	80
Total liabilities and shareholders equity	31	29	53	73	86

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Foreign exchange loss/(gain)	45,000	−2,000	−1,000	1,000	−15,000
Depreciation of fixed assets	771,000	420,000	—	—	—
Amortization of intangible assets	132,000	148,000	158,000	86,000	6,000
Amortization of right-of-use assets	853,000	593,000	296,000	285,000	223,000
(Accretion of discount)/amortization of premium on investments	—	−290,000	—	—	—
Stock based compensation	5	1	1	1	721,000
Loss on disposal of property and equipment	111,000	—	—	—	—
Accounts receivable	−395,000	−51,000	−262,000	−133,000	−245,000
Contract assets	−1	134,000	234,000	−195,000	61,000
Inventory	230,000	−4	−602,000	−292,000	—
Other assets	1	−753,000	−527,000	19,000	106,000
Accounts payable	−3	2	47,000	217,000	441,000
Accrued expenses	−515,000	−309,000	1	−1	761,000
Earn out payable	−200,000	−500,000	—	—	—
Right-of-use liabilities	−773,000	−514,000	−311,000	—	—
Contract liabilities	−302,000	−1	1	−74,000	−165,000
Net cash used in operating activities	−19	−30	−22	−21	−12
Redemptions of short-term investments	—	36	65	—	—
Purchases of short-term investments	—	−8	−43	−49	—
Purchases of property and equipment	−505,000	−3	−648,000	−145,000	−26,000
Net cash (used in)/provided by investing activities	−505,000	25	20	−54	74,000
Cash paid for tax withholding related to shares withheld	−649,000	−14,000	—	—	—
Proceeds from convertible notes	3	—	—	—	—
Proceeds from issuance of common stock - At The Market offering, net of issuance costs	18	483,000	—	—	14
Proceeds from issuance of common stock - Capital Raise, net of issuance costs	2	—	—	—	66
Net cash provided by/(used in) financing activities	23	469,000	−14,000	87,000	84
Effect of exchange rate changes on cash, cash equivalents and restricted cash	—	—	—	−32,000	134,000
Net decrease in cash, cash equivalents and restricted cash	4	−4	−1	−75	73
Common stock issued related to bonus and earnout payments	630,000	1	—	6	477,000
Common stock issued related to conversion of convertible debt	15,000	—	—	—	—
Operating right of use asset obtained in exchange for operating lease liability	—	1	—	—	—

Filings

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Frequently asked questions

What is Ocean Power Technologies, Inc.'s CIK number?

Ocean Power Technologies, Inc.'s SEC CIK number is 0001378140 (1378140). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Ocean Power Technologies, Inc.'s SEC filings?

All of Ocean Power Technologies, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Ocean Power Technologies, Inc. last report earnings?

Ocean Power Technologies, Inc. (OPTT) most recently filed an earnings 8-K with the SEC on Mar 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-010048). This is Ocean Power Technologies, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Ocean Power Technologies, Inc.'s most recent earnings 8-K?

Ocean Power Technologies, Inc.'s latest earnings 8-K (Item 2.02) was filed Mar 13, 2026 under accession 0001493152-26-010048. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Ocean Power Technologies, Inc.'s latest earnings 8-K →
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