Welcome to our dedicated page for Ocean Power Technologies SEC filings (Ticker: OPTT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Ocean Power Technologies filings document material events for an operating company commercializing marine power, data, autonomous surface vessel and maritime domain awareness systems. Recent 8-K reports cover securities purchase agreements for convertible notes, product and program updates involving PowerBuoy® and WAM-V® systems, preliminary operating results, Regulation FD communications, and press releases tied to government and commercial maritime deployments.
The filing record also includes governance and capital-structure disclosures, including equity incentive plan amendments, annual meeting voting results, common stock issuance mechanics, note conversion terms, covenants, interest provisions and beneficial ownership caps. These documents formalize OPTT disclosures on financing, stockholder votes, executive-compensation plans, operational updates, customer programs, and public-company reporting obligations.
Ocean Power Technologies CFO Robert Patrick Powers reported several equity transactions on January 16, 2026 involving restricted stock units (RSUs) and common stock. A grant of 252,115 RSUs was reported as acquired through the exercise of derivative securities, with each RSU representing a contingent right to receive one share of restricted stock. The filing shows common stock acquisitions of 31,458, 278,255, and 252,115 shares tied to time-based and performance-based RSU vesting. It also reports the disposition of 103,983 common shares at a price of $0, leaving Powers with 765,267 common shares held directly after these transactions.
Ocean Power Technologies director Clyde W. Hewlett reported the vesting of restricted stock units into 558,080 shares of common stock on January 16, 2026. The filing shows these shares were acquired at a stated price of $0.0000 per share, indicating they came from an equity award rather than an open-market purchase. According to the report, Hewlett now directly owns 981,886 shares of Ocean Power Technologies common stock. Footnotes explain that each restricted stock unit represents a right to receive one share and that the shares were issued upon vesting of a unit grant from January 2025.
Ocean Power Technologies director Diana G. Purcel reported an equity award vesting that increased her direct holdings in the company. On January 16, 2026, she acquired 903,748 shares of Ocean Power Technologies common stock in a transaction coded "A" (acquisition) at a reported price of $0.00 per share. The filing explains that these shares were received upon the vesting of restricted stock units that were granted in January 2025, with each unit representing the right to receive one share of restricted stock.
After this vesting, Purcel directly owned a total of 1,327,554 shares of Ocean Power Technologies common stock. The transaction reflects stock-based compensation rather than an open-market purchase or sale, and Purcel is identified in the filing as a director of the company.
Ocean Power Technologies, Inc. reported that its Chief Executive Officer, Philipp Stratmann, participated in a podcast interview with Water Tower Research, LLC on January 8, 2026. The company is making the full transcript of this discussion available to the public as an exhibit.
The transcript is furnished as Exhibit 99.1 and provides additional commentary from the CEO but is not treated as filed information under securities laws. This update is primarily informational and does not include new financial results or details on major transactions.
Ocean Power Technologies disclosed that it issued a press release on January 6, 2026 announcing a new multi-buoy contract for a project supporting the U.S. Department of Homeland Security. The contract involves deploying multiple buoys, aligning with the company’s focus on ocean-based power and monitoring solutions.
The announcement highlights continued traction with U.S. government agencies, as the project is described as supporting Homeland Security activities. While the report does not provide financial terms or duration, it signals ongoing commercial engagement in governmental maritime security projects.
Ocean Power Technologies President and CEO Philipp Stratmann reported buying 7,750 shares of common stock on 12/16/2025 at $0.33 per share. This open-market purchase increased his direct ownership to 518,440 shares of the company’s stock.
Ocean Power Technologies, Inc. reported that it issued a press release announcing financial results for its fiscal second quarter ended October 31, 2025. The press release, dated December 15, 2025, outlines the companys results of operations and financial condition for that period.
The earnings press release is included as Exhibit 99.1 and is designated as furnished rather than filed under securities laws, which affects how it may be used in certain legal contexts.
Ocean Power Technologies, Inc. insider Philipp Stratmann, who serves as President, CEO and director, reported buying 6,298 shares of common stock on 12/15/2025 at $0.3449 per share. After this transaction, he beneficially owned 510,690 common shares held directly. The filing was made on behalf of a single reporting person using a Form 4 to disclose this ownership change.
Ocean Power Technologies, Inc. reported an insider share purchase by its CFO, Robert Powers. On December 15, 2025, he acquired 14,723 shares of common stock in a transaction labeled with code P at a price of $0.3396 per share. After this purchase, Powers directly owns 268,132 shares of Ocean Power Technologies common stock.
Ocean Power Technologies reported a much wider loss for fiscal Q2 2026 as revenue dropped sharply and margins turned negative. Revenue for the quarter ended October 31, 2025 fell to $424,000 from $2,418,000 a year earlier, with weaker WAM‑V sales and one‑time losses on two contracts in strategically important markets driving a gross margin loss of $1.4 million versus a prior profit. Operating expenses increased to $8.7 million from $4.7 million, partly due to higher share‑based compensation, and the quarterly net loss widened to $10.8 million from $3.9 million, or $0.06 per share versus $0.04.
For the first six months, revenue was $1.6 million compared with $3.7 million and net loss reached $18.2 million. To fund operations and growth, the company raised $16.8 million from 0% convertible notes and about $3.0 million from at‑the‑market equity sales, lifting cash, cash equivalents and restricted cash to $11.8 million from $6.9 million at April 30, 2025, but adding $10.3 million of convertible notes payable and an $881,000 derivative liability. Management expects the convertible notes to be repaid in common stock and states that existing cash and projected results should cover at least the next 12 months, while acknowledging that additional financing could be needed if results fall short.