Ocean Power ( (OPTT) ) has released its Q1 earnings. Here is a breakdown of the information Ocean Power presented to its investors.
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Ocean Power Technologies, Inc. is a Maritime Domain Awareness company specializing in intelligent maritime solutions, including Data as a Service, Robotics as a Service, and Power as a Service, serving defense, security, and energy markets globally. In its latest earnings report for the quarter ended July 31, 2025, Ocean Power Technologies reported a net loss of $7.4 million, an increase from the $4.5 million loss in the same period last year, despite a slight decrease in revenue from $1.3 million to $1.2 million. Key financial metrics revealed that the company’s operating expenses rose significantly to $7.1 million from $4.9 million, contributing to the widened operating loss. The company’s cash position improved to $9.9 million from $6.7 million, aided by proceeds from convertible notes and stock issuance. Looking forward, Ocean Power Technologies remains focused on expanding its customer base and enhancing recurring revenue, with management expressing confidence in the company’s ability to meet its obligations over the next 12 months.