Welcome to our dedicated page for Ocean Power Tech news (Ticker: OPTT), a resource for investors and traders seeking the latest updates and insights on Ocean Power Tech stock.
Ocean Power Technologies develops intelligent maritime power, data and autonomy solutions for defense and security, offshore energy, science and research, and offshore wind customers. Its recurring news centers on PowerBuoy® offshore power and communications systems, WAM-V® autonomous surface vessels, Merrows™ maritime domain awareness integration, marine robotics services, and low-carbon infrastructure for remote ocean operations.
Company updates commonly cover customer orders, government and commercial deployments, autonomous docking and charging capabilities, maritime domain awareness programs, international shipments, quarterly results, backlog and sales pipeline commentary, and participation in investor events. OPTT news also reflects work on persistent offshore monitoring, communications relay, autonomous navigation, and support for maritime security and infrastructure protection missions.
Ocean Power Technologies (NYSE American: OPTT) announced that President and CEO Dr. Philipp Stratmann will join the Water Tower Research Fireside Chat Series on Tuesday, August 25, 2026 at 11:00 am ET. Hosted by Water Tower Research Managing Director Peter Gastreich, the session will address OPTT’s evolution into an operational provider, its $19.8 million backlog (up 58% in 2026 and nearly five times FY26 revenue), Coast Guard program and recurring revenue model, WAM-V delivery speed, defense and international opportunities, and targets for 35–55% gross margins, capital plans, and FY27 execution milestones. The event is open to all investors via online registration through Water Tower Research.
Ocean Power Technologies (NYSE American: OPTT) disclosed that the financial statements in its Annual Report on Form 10-K for the year ended April 30, 2026 include an audit report from its Independent Registered Public Accounting Firm containing an explanatory paragraph emphasizing a going concern qualification. The company noted this disclosure is required under Section 610(b) of the NYSE American Company Guide and clarified that it does not represent any change or amendment to its filings for the fiscal year ended April 30, 2026. Additional information about Ocean Power Technologies is available on its corporate website.
Ocean Power Technologies (NYSE American: OPTT) reported receiving a NYSE Regulation notice on August 14, 2026, for non-compliance with NYSE American continued listing standards due to not timely filing its Form 10-K for the year ended April 30, 2026, by the August 13 deadline.
The company filed the delinquent Form 10-K with the SEC on August 19, 2026, within the initial cure period that extended to February 13, 2027. According to the company, this filing cured the delinquency, and Ocean Power Technologies has regained compliance with the Exchange’s continued listing standards.
Ocean Power Technologies (NYSE American: OPTT) updated its preliminary fiscal 2026 results after additional audit work and consultation with its auditor’s National Office. The revised accounting treatment reduced fiscal 2026 revenue by about $0.4 million to $3.7 million, decreased gross loss by $2.2 million to $5.9 million, and lowered operating loss by $1.5 million, while increasing net loss by $5.2 million to $48.9 million. Net loss for fiscal 2025 was also revised higher by about $3.0 million due to a change in fair value of a financial instrument.
According to the company, these revisions are accounting-driven only, with no effect on cash, cash flows, or customer contract terms. As of April 30, 2026, OPT reported $8.7 million in cash and equivalents, $27.4 million in total liabilities (including $10.4 million of convertible notes and $6.0 million of current contract liabilities), and $12.5 million of shareholders’ equity.
Ocean Power Technologies (NYSE American: OPTT) announced that its Board of Directors has initiated a review of strategic alternatives aimed at maximizing value for stockholders. The Board has engaged Bowen, Inc. as financial advisor to assist in evaluating a full range of potential options to accelerate growth, expand market access and strengthen the company’s financial position.
According to Ocean Power Technologies, day-to-day operations, customer commitments and product support are expected to continue without interruption during the process. The company has not set a timetable, provides no assurance that any transaction will occur, and does not plan to update investors unless a definitive course of action is approved or disclosure is otherwise required.
Ocean Power Technologies (NYSE American: OPTT) has been selected as one of six potential awardees on a $40 million multiple-award, firm-fixed-price IDIQ contract supporting the U.S. Navy’s Naval Oceanographic Office for high-resolution ocean-floor mapping using long-endurance unmanned surface vehicles.
The contract covers work in the Indian and Pacific Ocean basins and includes a two-year ordering period expected from August 2026 through July 2028. According to Ocean Power Technologies, the multiple-award structure means task orders will be competitively awarded among all holders, with the $40 million serving as the aggregate contract ceiling across all awardees. The company views this as a pathway to pursue task orders, support critical ocean-mapping missions, and advance its Robotics as a Service strategy.
Ocean Power Technologies (NYSE American: OPTT) announced the successful delivery of a WAM-V® unmanned surface vehicle to Stevens Institute of Technology, fulfilling an order first announced in June 2026. The WAM-V® was delivered in approximately five weeks from order to delivery, which the company links to increased investment in inventory and capital assets.
According to Ocean Power Technologies, this shipment converts customer backlog into revenue and operating cash flow and expands its installed base in the academic research market. The company highlights the academic sector as an attractive opportunity and cites this order, along with a recent Rutgers PowerBuoy® deployment, as evidence of its operational execution in advancing autonomous maritime solutions.
Ocean Power Technologies (NYSE American: OPTT) announced it has achieved Cybersecurity Maturity Model Certification (CMMC) Level 2 compliance, enhancing its readiness to support U.S. Department of War and other federal programs that require protection of Controlled Unclassified Information (CUI).
According to Ocean Power Technologies, this milestone aligns the company with cybersecurity requirements on a growing number of defense contracts and supports its expansion in maritime intelligence, autonomous systems, and maritime security. The company states that CMMC Level 2 compliance demonstrates ongoing investment in secure, resilient technologies and reinforces its position as a trusted provider of autonomous maritime solutions for U.S. and allied defense customers.
Ocean Power Technologies (NYSE American: OPTT) announced the acquisition of strategic subsea developmental technology assets from Columbia Power Technologies, effective July 22, 2026. The asset deal secures intellectual property and engineering capabilities that extend OPT’s operational infrastructure portfolio from the ocean surface to the seabed.
According to the company, the acquired subsea power technology is designed to enable persistent underwater operations and complements existing strengths in offshore power, autonomous surface vehicles, maritime sensing, communications and AI-enabled software. OPT states that combining these technologies creates a potentially more comprehensive operational infrastructure platform supporting autonomous maritime missions across defense, security and commercial markets.
The transaction is structured as an asset acquisition intended to preserve financial flexibility. OPT reports that the deal also includes developmental work and early customer engagement that can help accelerate commercialization, reduce development risk and shorten its path to market for future subsea solutions.
Ocean Power Technologies (NYSE American: OPTT) reported fiscal 2026 results, highlighting its transition into an operational defense-focused provider of AI-enabled maritime infrastructure. The company secured its largest-ever deployment and recurring revenue contract, an approximately $6.5 million multi-PowerBuoy maritime domain awareness program supporting the U.S. Coast Guard, and built a record backlog of $19.8 million, up 58% year over year. The sales pipeline reached $142.3 million, reflecting growing defense, security and commercial demand.
For FY26, OPT generated $4.1 million in revenue, compared with $5.9 million in FY25, and recorded a gross loss of $8.1 million and an operating loss of $39.8 million. Net loss widened to $43.7 million, or $0.22 per share. Cash, cash equivalents and short-term investments totaled $8.7 million at April 30, 2026, supported by $21.9 million in proceeds from convertible notes and $7.6 million from at-the-market equity issuance. Management enters fiscal 2027 focused on executing the Coast Guard deployment, converting backlog into revenue and expanding recurring services.