Q4 2026 Ocean Power Technologies Inc Earnings Call Transcript

Jul 24, 2026 / 01:00 PM GMT

Release Date Price: $0.15 (-18.35%)

Transcript 8-K

Key Points

Positve

Ocean Power Technologies Inc (OPTT) secured the largest deployment and recurring revenue contract in the company's history, demonstrating significant growth.
The company achieved a record backlog of approximately $19.8 million, a 58% increase over the prior year, indicating strong future revenue potential.
OPTT expanded its international presence, particularly in Europe and the Middle East, strengthening relationships with allied governments and strategic partners.
The acquisition of strategic subsea technology assets broadens the company's operational infrastructure, enhancing its capabilities.
The appointment of Rear Admiral Joe DiGuardo as Acting Chairman of the Board aligns with the company's focus on defense and security, potentially opening new opportunities in these sectors.

Negative

Revenue for fiscal 2026 was $4.1 million, down from $5.9 million the previous year, primarily due to the timing of customer deployments and revenue recognition.
The company reported a gross loss of $8.1 million for fiscal 2026, compared to a gross profit of $1.7 million in the prior year, reflecting project mix and lower-margin strategic contracts.
Operating expenses increased to $31.7 million from $23.3 million in fiscal 2025, driven by increased stock-based compensation and additional headcounts.
Net loss for fiscal 2026 was $43.7 million, significantly higher than the $21.5 million loss in the prior year.
The company is considering a reverse stock split to maintain its NYSE American listing, which may indicate concerns about stock price levels.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OPTT.A - Ocean Power Technologies Inc
Q4 2026 Ocean Power Technologies Inc Earnings Call
Jul 24, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and welcome to the Ocean Power Technologies Fourth Quarter and Full Year Fiscal 2026 Earnings Conference Call.

A webcast of this call is also available and can be accessed by a link on the company's website at www.oceanpowertechnologies.com.

This conference call is being recorded and will be available for replay shortly after its completion.

On the call today are Dr. Philip Stratman, President and Chief Executive Officer and Bob Powers, Senior Vice President and Chief Financial Officer.

Following the prepared remarks, there will be a question-and-answer session.

Now, I am pleased to introduce Bob Powers. Please go ahead.

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