Ocean Power Technologies FY26 net loss widens to $48.92 million; revenue falls to $3.74 million

• Ocean Power Technologies posted revenue of USD 3.74 million, down about USD 2.1 million from the prior year.
• Net loss widened to USD 48.92 million; operating loss widened to USD 38.36 million.
• Cost of revenue climbed to USD 9.66 million on one-time contract losses, including USD 0.7 million of change orders at no margin.
• Operating expenses rose to USD 32.44 million on higher share-based compensation of USD 4.9 million and employee-related costs of USD 1.5 million.
• Backlog increased to USD 20.1 million as of April 30, 2026; cash and cash equivalents plus long-term restricted cash totaled USD 8.9 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ocean Power Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-039261), on August 19, 2026, and is solely responsible for the information contained therein.