The earnings call highlighted significant advancements in defense sector eligibility, record backlog, and strategic global partnerships, indicating strong progress. However, challenges in meeting revenue expectations and delayed profitability targets due to external factors tempered the overall outlook.

Company Guidance -

Q1 2026

During the Ocean Power Technologies Fourth Quarter and Full Fiscal Year 2025 earnings call, key metrics highlighted included a record year for revenue at $5.9 million, reflecting a 7% increase over the previous year's $5.5 million. Operating expenses were significantly reduced by 27% from $32.2 million in FY '24 to $23.4 million in FY '25, demonstrating effective cost management. The company entered fiscal year 2026 with a record $12.5 million in funded backlog, the highest in its history, signaling strong customer confidence. Cash and equivalents stood at $6.7 million as of April 30, 2025, compared to $3.2 million the previous year, further bolstered by a $10 million unsecured debt financing. The company also reported a reduction in net cash used in operating activities, decreasing by over 38% to $18.6 million from $29.8 million the prior year, reflecting its disciplined financial strategy.

Record Backlog at $12.5 Million

OPT entered fiscal year '26 with the highest backlog in its history, reflecting strong customer confidence and multi-quarter fulfillment of contracts.

Significant Defense Sector Advancement

OPT was granted a U.S. Department of Defense Facility Security Clearance at the Secret level, expanding eligibility for classified defense work.

Strategic Partnerships and Global Deployments

Expanded partnerships with defense, drone, and subsea leaders, and deployed platforms across the Middle East, Latin America, and the Indo-Pacific.

Financial Performance Improvement

Achieved a 7% increase in revenue to $5.9 million and a 26% reduction in operating expenses, reflecting disciplined cost management.

ISO 9001 Certification Achieved

OPT achieved ISO 9001 certification for its quality management system, enhancing operational credibility and customer confidence.

Ocean Power Technologies (OPTT) Earnings, Revenues Date & History

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OPTT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 15, 2025	2026 (Q1)	- / -	-0.054	―	―	―
Jul 24, 2025	2025 (Q4)	- / -0.04	-0.112	66.07% (+0.07)	―
Mar 18, 2025	2025 (Q3)	- / -0.05	-0.111	58.56% (+0.07)	―	―
Dec 16, 2024	2025 (Q2)	- / -0.04	-0.123	70.73% (+0.09)	―
Sep 16, 2024	2025 (Q1)	- / -0.05	-0.12	55.00% (+0.07)	―
Jul 25, 2024	2024 (Q4)	- / -0.11	-0.17	34.12% (+0.06)	―
Mar 13, 2024	2024 (Q3)	- / -0.11	-0.109	-1.83% (>-0.01)	―
Dec 13, 2023	2024 (Q2)	- / -0.12	-0.087	-41.38% (-0.04)	―
Sep 13, 2023	2024 (Q1)	- / -0.12	-0.105	-14.29% (-0.01)
Jul 12, 2023	2023 (Q4)	- / -0.17	-0.092	-84.78% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

OPTT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$0.75	$0.64	-14.67%
Mar 18, 2025	$0.61	$0.50	-18.03%
Dec 16, 2024	$0.32	$0.29	-9.38%
Sep 16, 2024	$0.25	$0.19	-24.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.