Ocean Power Technologies, Inc. (OPTT) Ocean Power Technologies, Inc. (OPTT) is a company dedicated to creating and deploying exclusive technologies that convert the sustainable power of ocean waves into electricity. The firm operates globally, with a presence in North America, South America, Europe, and Asia. A primary offering is their PB3 PowerBuoy system, engineered to provide autonomous power generation for remote offshore locations, independent of traditional electrical grids. Beyond this, OPTT's product line includes hybrid PowerBuoy solutions and subsea battery systems. They also furnish essential supporting services such as software development, control systems, sensor integration, and expert marine installation. The company extends its capabilities to deliver distributed offshore power and critical communication infrastructure for diverse remote surface and subsea applications. These solutions cater to key sectors including defense and security, the offshore oil and gas industry, scientific research, and offshore wind energy. Furthermore, OPTT offers its Wave Adaptive Modular Vessel (WAM-V) technology, which significantly enhances the mobility and operational range of uncrewed maritime systems. This includes leasing WAM-V robotics and providing access to associated information. Their expertise also covers maritime domain awareness solutions and strategic consulting. Finally, the company provides a comprehensive suite of offshore data services, encompassing collection, integration, analysis, and real-time communication for various purposes. OPTT primarily serves a diverse client base of both governmental agencies and private organizations that require dependable power solutions in distant marine environments. Established in 1984, Ocean Power Technologies, Inc. is headquartered in Monroe Township, New Jersey.
Sector: Electric Services
Industry: Electrical Equipment & Parts
Ocean Power Technologies, Inc. NYSE:OPTT Industrials · Electrical Equipment & Parts
AH Close $0.6007 vs close AH Close $0.6007 -0.55% vs close
All Press Release SEC Filings News
Press Release ⚠ 3
Ocean Power Technologies and Stratum Holdings Sign Letter of Intent for Proposed Strategic Collaboration to Demonstrate Offshore Renewable-Powered Data Center Assets
Ocean Power Technologies and Stratum Holdings signed a non-binding letter of intent to collaborate on offshore data center assets powered by wave, wind, and solar energy.
Under the proposed deal, OPT would license PowerBuoy patents and provide prototype assets, while Stratum contributes GPU hardware including NVIDIA B300s and would pay OPT a monthly retainer under definitive agreements.
The program aims to validate edge AI inference on renewable-powered marine platforms without a shore umbilical, with ocean cooling as a hypothesized efficiency advantage that has not yet been demonstrated.
The LOI is non-binding and definitive agreements are not assured, so the announcement is exploratory rather than a committed commercial deal.
• 18h ago AI analysis › News
Ocean Power Technologies' compact PowerBuoy Mini selected for US Government operational exercise
proactiveinvestors.com • 14d ago Press Release ⚠ 1
Ocean Power Technologies Announces PowerBuoy® Mini Selection for U.S. Government Operational Evaluation
Ocean Power Technologies' PowerBuoy 2.0 Solar and Wind Mini has been selected for an upcoming U.S. Government operational evaluation in a mission-relevant environment.
The company stressed that selection does not constitute a contract award, procurement decision, or endorsement, and there is no assurance the evaluation leads to future awards.
The compact PB 2.0 Mini combines 1.6 kW of solar generation, a wind turbine, and 28 kWh of storage for persistent offshore monitoring, backed by OPT's portfolio of more than 60 patents.
• 14d ago AI analysis › News
Ocean Power Technologies wins Naval Postgraduate School order for WAM-V 8 drone
proactiveinvestors.com • 18d ago Press Release
Naval Postgraduate School Orders WAM-V 8 for Littoral Sensing and Autonomous Systems Research
Ocean Power Technologies announced an order from the Naval Postgraduate School for a WAM-V 8 maritime drone to support littoral sensing and autonomous-systems research.
NPS researchers will use the compact platform as a mobile sensor integration asset, building on prior OPT-NPS work including a PowerBuoy deployed in Monterey Bay.
The WAM-V 8 also recently performed bathymetric surveys at REPMUS 2026 and in surf-zone evaluations at the U.S. Army Corps of Engineers' Field Research Facility.
• 18d ago AI analysis › SEC Filing ⚠ 2
OPTT: 8-K · leadership change
Ocean Power Technologies announced that CFO Robert Powers departed the company effective September 30, 2026, upon mutual agreement with the Board. His December 2021 employment letter was terminated, and he will remain employed through October 14, 2026 to assist with the transition.
Victoria Hay, president of Flexible Consulting, LLC, has been appointed interim CFO, Principal Financial Officer and Principal Accounting Officer at $30,000 per month, while the Board conducts a search for a permanent CFO. Hay previously served as interim CFO of Nauticus Robotics and CFO of ECD Automotive Design, following a long tenure at Weatherford International.
Powers will receive six months of base salary, the balance of his fiscal 2026 bonus, and health benefits through October 31, 2026 in exchange for a general release. The full agreements will be filed with the company's next 10-Q.
SEC 8-K • 20d ago AI analysis › News
Ocean Power Technologies completes offshore deployment test of amphibious underwater vehicle
proactiveinvestors.com • 20d ago Press Release
Ocean Power Technologies Demonstrates Offshore Deployment of Greensea IQ Bayonet 150 from Modified WAM-V 16
Ocean Power Technologies completed a proof of concept for Greensea IQ demonstrating offshore deployment of the 300-pound Bayonet 150 amphibious vehicle from a modified WAM-V 16 unmanned surface vessel.
During the test, the WAM-V carried the Bayonet offshore, executed a remotely triggered release, deployed its umbilical, and the Bayonet completed an independent transit to the beach under Greensea IQ's control system.
The demonstration positions the WAM-V as modular transport and deployment infrastructure for partner systems, with potential relevance to mine countermeasures and littoral defense missions, though no contract or revenue was announced.
• 20d ago AI analysis › SEC Filing ● Major ⚠ 7
OPTT: PRE 14A · proxy statement
Ocean Power Technologies filed a preliminary proxy statement for a special meeting on November 24, 2026, asking stockholders to approve issuance of shares exceeding 20% of outstanding common stock under NYSE American Rule 713 in connection with Exchange Agreements dated September 25, 2026.
The Exchange Agreements replaced $7,797,343 of Series C-1 convertible notes (principal plus accrued interest) with Series D Senior Convertible Notes bearing 4.5% interest, maturing October 1, 2027, convertible at $2.45 or an alternative price of 93% of the lowest 7-day VWAP. The company stated it could not make required amortization payments on the original notes.
If fully converted at the $2.45 conversion price, investors would receive approximately 3,182,589 shares, or roughly 25.9% of the then-outstanding 12,276,748 shares — significant dilution for existing holders. Approval is required because share issuance is capped at 19.99% without stockholder consent; failure to approve would force the company to repay the debt on likely less favorable terms.
The filing flags going-concern reliance, continuing operating losses, and potential price pressure from investor share sales. The Board unanimously recommends voting FOR both the issuance and adjournment proposals.
SEC PRE 14A • 24d ago SEC Filing ⚠ 4
OPTT: S-1/A · offering registration
Ocean Power Technologies filed Amendment No. 1 to its Form S-1 to register the resale of 366,162 shares of common stock issued to Columbia Power Technologies as consideration for a June/July 2026 asset acquisition. The company will receive no proceeds from any sales; Columbia Power, which held a 4.0% stake, is the sole selling stockholder.
The filing notes a 1-for-30 reverse stock split effected September 14, 2026, with 9,094,159 shares outstanding as of September 22, 2026 and a last reported sale price of $2.12. The audited financials incorporated by reference include a going-concern explanatory paragraph from Baker Tilly.
The registered resale creates modest overhang of roughly 4% of shares outstanding, but the acquisition adds subsea power capabilities that complement OPTT's maritime domain awareness portfolio, and the registration satisfies contractual registration rights rather than signaling a new capital raise.
SEC S-1/A • 1mo ago AI analysis › SEC Filing ● Major ⚠ 7
OPTT: 8-K · debt financing
Ocean Power Technologies exchanged its Series C-1 Convertible Notes for Series D Convertible Notes on September 25, 2026, in a Section 3(a)(9) exchange that slashed the conversion price from $12.00 to $2.45 and added an alternate conversion option at 93% of the lowest 7-day VWAP.
Concurrently, warrants issued June 8, 2026 had their exercise price reduced from $12.00 to $2.45. With only 9,094,159 shares outstanding and a 19.99% Exchange Cap (1,817,994 shares) pending stockholder approval, the reset terms imply substantial dilution potential.
The exchange waived existing defaults under the original notes, delayed amortization payments to January 1, 2027, and imposes a covenant to maintain at least $2.0 million of Available Cash, with default interest at 13% per annum. The move relieves near-term pressure but signals the company restructured on distressed terms rather than paying at the original terms.
SEC 8-K • 1mo ago AI analysis › Press Release ⚠ 1
Ocean Power Technologies Operates Three WAM-V Classes Across Five Mission Sets at REPMUS 2026
Ocean Power Technologies said three classes of its WAM-V unmanned surface vessels operated across five mission sets at REPMUS 2026, the multinational robotic experimentation exercise led by the Portuguese Navy in collaboration with NATO, the University of Porto, and the European Defense Agency.
The vessels performed rapid environmental assessment, mine countermeasures, harbor security, surveillance and reconnaissance, and above-water warfare tasks, with the WAM-V 8 beach-launched ahead of amphibious operations and the WAM-V 16 handling mine countermeasures in harbor approaches.
OPT said its vessels integrated with U.S. command and control during the exercise and were the only U.S. unmanned surface vessels to do so, while a WAM-V 22 trained U.S. Navy and Marine Corps personnel in basic autonomous operations.
No contract awards, revenue figures, or guidance were disclosed; the release frames the operational tasking inside an allied exercise as commercial validation for OPT's defense and security sales effort.
• 1mo ago AI analysis › News
Ocean Power Technologies demonstrates WAM-V 8 platform in surf-zone trial
proactiveinvestors.com • 1mo ago Press Release ⚠ 1
Ocean Power Technologies Advances WAM-V® Development Through U.S. Army Surf-Zone Testing
Ocean Power Technologies conducted a formally evaluated demonstration of its WAM-V 8 unmanned surface vessel in challenging surf-zone conditions at the U.S. Army Corps of Engineers' ERDC Field Research Facility in Duck, North Carolina.
Testing covered sensor performance, vehicle configuration, and sensor deployment methods, with data and insights feeding continued development of the company's larger 16- and 22-foot WAM-V platforms for demanding near-shore environments.
COO Jason Weed said the surf-zone experience will guide development of the larger WAM-V vehicles and refine sensor integration for customer operations; no contract, order, or financial terms were attached to the announcement.
• 1mo ago AI analysis › SEC Filing ● Major ⚠ 3
OPTT: 8-K · leadership change
Ocean Power Technologies announced that CEO Philipp Stratmann stepped down as President, Chief Executive Officer and board member effective September 14, 2026, upon mutual agreement with the Board. Tracy Pagliara, the company's General Counsel and a former six-year public-company CEO, was appointed Acting President and CEO and joined the Board.
Jason Weed, previously Senior Vice President of Commercial Sales and a retired U.S. Navy Captain who commanded the Navy's first Uncrewed Undersea Vehicle Squadron and the USS New Hampshire, was appointed Chief Operating Officer with oversight of commercial sales, operations and technology.
Pagliara and Weed each signed employment agreements with base salaries capped at $400,000, bonus and long-term incentive targets of 75% of salary, and restricted stock unit grants of 75,000 and 50,000 shares respectively. Stratmann receives six months of base salary plus the balance of his fiscal 2026 bonus and health benefits through September 30, 2026 under a separation agreement with a general release.
Chairman Joseph DiGuardo framed the transition as sharpening focus on execution, converting pipeline opportunities into backlog and revenue. The Acting CEO title suggests a permanent successor search may be underway, introducing leadership uncertainty even as the board signals continuity of the maritime autonomy and Maritime Domain Awareness strategy.
SEC 8-K • 1mo ago AI analysis › News
Ocean Power Technologies, Inc. (OPTT) Reports Q1 Loss, Beats Revenue Estimates
zacks.com • 1mo ago Press Release ⚠ 6
Ocean Power Technologies Announces First Quarter Fiscal 2027 Results
Ocean Power Technologies posted fiscal Q1 2027 revenue of $1.7 million, up 44% year-over-year from $1.2 million, but the quarter swung to a $2.8 million gross loss and the net loss widened to $10.5 million, or $(1.28) per share.
Demand indicators improved: backlog rose 27% year-over-year to $19.1 million and the sales pipeline grew 13% to $150.8 million, while the company cited its DHS deployment as its largest-ever recurring revenue contract and a selection under a $40 million multiple-award Naval Oceanographic Office IDIQ — a ceiling shared across six awardees, not awarded revenue.
Liquidity is the pressure point: unrestricted cash and short-term investments totaled $7.4 million versus $10.2 million of cash used in operations during the quarter, and shares outstanding rose roughly 18% sequentially to 9.0 million following a warrant-linked capital raise and ATM sales.
The Board initiated a review of strategic alternatives with Bowen, Inc. as financial advisor, with no timetable and no assurance of a transaction, while OPT also acquired subsea IP from C-Power, achieved CMMC Level 2 compliance, and began implementing Palantir Foundry to scale operations.
• 1mo ago AI analysis › SEC Filing ● Critical ⚠ 10
OPTT: 10-Q · periodic report
Ocean Power Technologies' fiscal Q1 2027 10-Q carries explicit going-concern language after a $10.5 million net loss and $10.2 million of operating cash burn against just $7.4 million of cash at July 31, 2026. Revenue rose roughly $0.5 million to $1.7 million and backlog grew to $19.1 million from $15.0 million a year earlier, but gross margin was deeply negative at -$2.8 million on one-time contract losses, asset abandonments, and a $2.2 million charge for acquired SubWEC technology.
The company missed its extended Form 10-K deadline for fiscal 2026, which constituted an event of default under its $10.0 million senior convertible notes (~20% effective interest, $2.0 million minimum-cash covenant) that remains unwaved. The late filing also made OPT ineligible to use Form S-3, suspending its new $20.0 million at-the-market program with H.C. Wainwright less than a month after it was signed.
Subsequent events compound the stress: stockholders approved and the board executed a one-for-thirty reverse stock split effective September 11, 2026, aimed at regaining NYSE American listing compliance, and CEO Dr. Philipp Stratmann resigned effective September 14, 2026, with Tracy Pagliara named Acting CEO. Shares outstanding stand at 9,004,628 on a split-adjusted basis.
Management plans to raise capital, pursue strategic arrangements, and restructure debt but concedes those plans have not alleviated the substantial doubt, warning that any enforcement by noteholders could materially harm liquidity and the company's ability to continue operating.
SEC 10-Q • 1mo ago AI analysis › Press Release ● Major ⚠ 3
Ocean Power Technologies Aligns Leadership Team to Accelerate Commercial Execution and Backlog Conversion
Ocean Power Technologies said Dr. Philipp Stratmann stepped down as President, Chief Executive Officer and board member effective September 14, 2026, by mutual agreement, and will remain available to assist the new leadership team through a transition period.
Tracy Pagliara, the company's Senior Vice President, General Counsel and Secretary — and a former six-year public-company CEO and Certified Public Accountant — becomes Acting Chief Executive Officer and President and joins the board.
Jason Weed, previously Senior Vice President of Commercial Sales and a former U.S. Navy captain who commanded the Navy's Unmanned Undersea Vehicle Squadron, was appointed Chief Operating Officer with oversight of commercial sales, operations and technology.
Chairman Joseph DiGuardo framed the reshuffle as sharpening focus on converting pipeline opportunities into backlog and revenue, with no change to the company's maritime autonomy and Maritime Domain Awareness strategy.
• 1mo ago AI analysis › News
Ocean Power Technologies advances US Army trials – ICYMI
proactiveinvestors.com • 1mo ago News
Ocean Power Technologies to execute 1-for-30 reverse stock split
proactiveinvestors.com • 1mo ago Press Release ● Major ⚠ 2
Ocean Power Technologies Announces Reverse Stock Split
Ocean Power Technologies announced a 1-for-30 reverse stock split of its common stock, with split-adjusted trading on NYSE American beginning at the market open on September 14, 2026.
The company says the split is intended to increase the per-share price and improve marketability and liquidity; shares outstanding will fall to approximately 9.1 million, shareholder ownership percentages remain unchanged, and all outstanding warrants and derivatives adjust automatically per their terms.
A 30-to-1 ratio is aggressive by reverse-split standards and typically points to share-price compliance pressure rather than routine housekeeping, since it only lifts the quoted price without changing underlying fundamentals.
Mechanically, the purchase price under the company's Section 382 Tax Benefits Preservation Plan adjusted from $2.25 to $67.50 per one one-thousandth of a preferred share, and a Form 8-K covering the split will be filed September 11, 2026.
• 1mo ago AI analysis › News
Ocean Power Technologies to demonstrate WAM-V platform in US Army coastal testing
proactiveinvestors.com • 1mo ago Press Release ⚠ 2
Ocean Power Technologies Begins U.S. Army Corps of Engineers Surf-Zone Demonstration
Ocean Power Technologies is participating in a week-long uncrewed surface vehicle demonstration hosted by the U.S. Army Engineer Research and Development Center's Coastal and Hydraulics Laboratory at its Field Research Facility in Duck, North Carolina.
OPT was selected following a competitive technical evaluation and will demonstrate its WAM-V maritime drone platform in live surf-zone conditions, where ERDC is assessing platforms and sensing technologies for bathymetric mapping and submerged-hazard detection.
Potential applications include U.S. Army Corps of Engineers civil works missions and military operations such as logistics over the shore, where nearshore depth and hazard data are critical to safe vessel transit.
Importantly, participation does not represent a procurement contract or commitment by the U.S. Government; promising technologies may be considered for follow-on testing only, subject to funding availability.
• 1mo ago AI analysis › SEC Filing ● Major ⚠ 7
OPTT: S-1 · offering registration
Ocean Power Technologies filed an S-1 registration statement for a best efforts offering of up to $12,000,000 of common stock (or pre-funded warrants in lieu), with each share sold together with one common warrant exercisable for five years. The offering has no minimum amount, so actual proceeds may be substantially less than the maximum.
SEC S-1 • 1mo ago AI analysis › News
Ocean Power Technologies, Foxtrot partner on Palantir Foundry implementation for maritime growth
proactiveinvestors.com • 1mo ago Press Release ⚠ 2
Ocean Power Technologies Selects Palantir Foundry to Accelerate Growth in Autonomous Maritime Operations
Ocean Power Technologies is implementing Palantir Foundry through the Palantir for Builders program to support its expanding U.S. and international deployment footprint.
The company engaged Foxtrot Professional Services, a Foundry-native Palantir partner, to connect data and workflows across manufacturing, supply chain, deployment, fleet operations, maintenance and customer support.
CEO Philipp Stratmann framed the move as building the operating infrastructure needed to deliver autonomous maritime systems reliably at increasing volume as OPT shifts from individual deployments to repeatable delivery.
No financial terms or quantified benefits were disclosed; the announcement signals operational scaling intent rather than a new revenue event.
• 1mo ago AI analysis › SEC Filing ⚠ 5
OPTT: S-1 · offering registration
Ocean Power Technologies filed an S-1 to register the resale of 10,984,848 common shares held by Columbia Power Technologies, which received the stock as consideration for the sale of certain of its assets to OPTT under a July 22, 2026 asset purchase agreement. The company will receive no proceeds from any sales by the selling stockholder.
The registered block equals roughly 4.0% of the 270,138,823 shares outstanding as of August 20, 2026, and was valued at about $2.04 million for the fee calculation at $0.186 per share. OPTT stock last traded at $0.1885 on August 20, 2026.
Columbia Power may sell the shares from time to time at prevailing market prices, creating a potential overhang for the micro-cap stock, though a portion of the shares remains subject to post-closing trading restrictions under the asset purchase agreement.
The filing also confirms that Baker Tilly's audit report for the fiscal year ended April 30, 2026 includes an explanatory paragraph relating to a going concern uncertainty, and the company expects operating losses to continue, adding risk context for holders of OPTT shares.
SEC S-1 • 2mo ago AI analysis › News
Ocean Power Technologies, Inc. (OPTT) Discusses Autonomous Maritime Technologies and Strategy for Ocean Operations Transcript
seekingalpha.com • 2mo ago Press Release
Ocean Power Technologies, Inc. to Participate in Water Tower Research Fireside Chat on Tuesday, August 25, 2026
Ocean Power Technologies announced that CEO Dr. Philipp Stratmann will participate in a Water Tower Research fireside chat on August 25, 2026.
The discussion will cover the company's evolution to an operational provider, highlighting a record backlog of $19.8 million (up 58%) and a gross margin target range of 35–55%.
Management will also address defense momentum, specifically the Coast Guard program and US government WAM-V selection.
• 2mo ago AI analysis › SEC Filing ● Major ⚠ 6
OPTT: 8-K · earnings release
Ocean Power Technologies disclosed that the audit report in its Form 10-K for the fiscal year ended April 30, 2026 contains an explanatory paragraph from its independent auditor emphasizing a going concern qualification, a disclosure made August 21 pursuant to NYSE American Company Guide Section 610(b).
The same 8-K updates the preliminary FY2026 results first issued July 23: after additional audit procedures and consultation with its auditor's National Office, OPT revised revenue down ~$0.4M to $3.7 million and increased its net loss by ~$5.2 million to $48.9 million, versus a $24.5 million net loss in fiscal 2025. The company says the changes reflect accounting treatment only, with no impact on cash, cash flows, or customer contract terms.
Liquidity is the core concern: OPT ended the year with $8.7 million of cash against $20.8 million of operating cash burn and $10.4 million of convertible notes outstanding, after raising $26.5 million in convertible note proceeds and $7.6 million via an ATM offering during the year — implying continued reliance on financing. Revenue also fell roughly 36% year over year to $3.7 million from $5.9 million, deepening the going concern overhang on the stock.
SEC 8-K • 2mo ago AI analysis › Press Release ● Major ⚠ 3
Ocean Power Technologies, Inc. Provides Required Disclosure
Ocean Power Technologies disclosed that its annual report for the year ended April 30, 2026, included an audit report with an explanatory paragraph emphasizing a 'going concern' qualification.
The company stated this release is required by NYSE American Company Guide Section 610(b) and does not represent a change to previously filed financial statements.
The qualification indicates substantial doubt about the company's ability to continue as a going concern, posing a significant risk to shareholders.
• 2mo ago AI analysis › Press Release ⚠ 2
Ocean Power Technologies, Inc. Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K
Ocean Power Technologies received a non-compliance notice from NYSE Regulation after failing to file its Annual Report on Form 10-K for the fiscal year ended April 30, 2026, by the August 13 deadline.
The company subsequently filed the delinquent report on August 19, 2026, curing the delinquency within the six-month Initial Cure Period and regaining compliance with continued listing standards.
Had the filing not occurred during this period, the Exchange could have granted an additional six-month cure period or initiated delisting proceedings.
• 2mo ago AI analysis › Press Release ● Major ⚠ 3
Ocean Power Technologies Provides Update to Previously Announced Preliminary Fiscal 2026 Financial Results
Ocean Power Technologies revised its preliminary fiscal 2026 results, cutting revenue by $0.4 million to $3.7 million and increasing net loss by $5.2 million to $48.9 million following audit procedures.
The company attributed the revisions to changes in accounting treatment rather than changes in business activities, contracts, or cash flows.
The updated financial statements show cash and equivalents of $8.7 million, while revenue declined 36% year-over-year and the net loss per share widened to $0.25.
• 2mo ago AI analysis › SEC Filing ● Major ⚠ 8
OPTT: 10-K · periodic report
Ocean Power Technologies' fiscal 2026 10-K discloses substantial doubt about its ability to continue as a going concern, with unrestricted cash of $8.7 million as of April 30, 2026 that the company warns may not fund planned expenditures through twelve months from the filing date.
The net loss more than doubled to $48.9 million in fiscal 2026 from $24.5 million in fiscal 2025, pushing the accumulated deficit to $381.0 million. Operations were funded in part by roughly $28.7 million of capital raised during the year, and the company carries $10.4 million of convertible notes.
Operationally, contract backlog rose to $20.1 million from $12.5 million a year earlier, and the company deployed Merrows-equipped PowerBuoy systems for a U.S. Coast Guard/DHS maritime domain awareness program that integrated with Anduril Industries' Lattice platform and generated approximately 0.5 MWh of renewable energy.
Dilution risk is elevated: a $10.0 million senior convertible note issuance in April 2026 and a June 2026 agreement to sell 25 million shares plus warrants for 25 million more at $0.40 per share could pressure the stock, and the company flags potential NYSE American delisting risk under a proposed $0.25 minimum trading price rule, for which it says it may seek a reverse split.
SEC 10-K • 2mo ago AI analysis › News
Ocean Power Technologies launches strategic alternatives review
proactiveinvestors.com • 2mo ago Press Release
Ocean Power Technologies Initiates Review of Strategic Alternatives
Ocean Power Technologies' Board of Directors has initiated a review of strategic alternatives aimed at maximizing stockholder value.
The company retained Bowen, Inc. as its financial advisor to evaluate a full range of potential alternatives to accelerate growth and strengthen its financial position.
Management emphasized that day-to-day operations will continue without interruption, though there is no assurance that the review will result in any transaction.
• 2mo ago AI analysis › News
Ocean Power Technologies tapped for $40M US Navy autonomous ocean mapping program
proactiveinvestors.com • 2mo ago Press Release ⚠ 2
Ocean Power Technologies Selected for Participation in $40 Million U.S. Navy Project for Autonomous Ocean Mapping
Ocean Power Technologies was selected as one of six potential awardees for a $40 million IDIQ contract with the U.S. Navy’s Naval Oceanographic Office.
The firm-fixed-price contract covers high-resolution ocean-floor mapping using unmanned surface vehicles and has a two-year ordering period beginning in August 2026.
Management noted the award validates its WAM-V and PowerBuoy platforms and supports its 'Robotics as a Service' strategy, though revenue realization depends on future task order competitions.
• 2mo ago AI analysis › SEC Filing ● Major ⚠ 4
OPTT: DEF 14A · reverse split
Ocean Power Technologies has filed a definitive proxy statement for a special meeting scheduled for September 10, 2026, to seek shareholder approval for a reverse stock split. The Board is requesting authorization to amend the Certificate of Incorporation to effect a reverse split at a ratio between 5-for-1 and 50-for-1, which must be implemented within one year of the meeting if approved.
The proposal is driven by the need to maintain the company's listing on the NYSE American, citing new exchange rules that would trigger automatic delisting if the stock price falls below $0.25 after October 1, 2026. Management argues that failing to maintain the listing would severely harm liquidity and the company's reputation, despite the reverse split carrying risks of reduced market capitalization and higher transaction costs for shareholders.
In addition to the reverse split, shareholders are being asked to approve an adjournment proposal that allows the Board to postpone the meeting if necessary to solicit additional proxies. The Board unanimously recommends voting in favor of both proposals to ensure compliance with exchange listing standards.
SEC DEF 14A • 2mo ago News
Ocean Power Technologies expands with Columbia Wave IP - ICYMI
proactiveinvestors.com • 2mo ago News
Ocean Power Technologies delivers WAM-V unmanned surface vehicle to Stevens Institute
proactiveinvestors.com • 2mo ago Press Release
Ocean Power Technologies Announces Delivery of WAM-V® Maritime Drone to Stevens Institute of Technology
Ocean Power Technologies delivered a WAM-V unmanned surface vehicle to Stevens Institute of Technology, fulfilling an order initially announced in June 2026.
The delivery was completed in just five weeks from order to fulfillment, a timeline management attributes to increased investments in inventory and capital.
CEO Philipp Stratmann highlighted the milestone as proof of the company's ability to convert backlog into revenue and execute on schedule across its research, commercial, and defense markets.
• 2mo ago AI analysis › SEC Filing ⚠ 2
OPTT: NT 10-K · late filing
Ocean Power Technologies filed a Form 12b-25 notifying the SEC that it is unable to file its Annual Report on Form 10-K for the fiscal year ended April 30, 2026, by the prescribed deadline.
The company cited the need for additional time to complete certain procedures related to the preparation and audit of its financial statements.
Management anticipates that the report will be filed within the 15-day extension period provided by Exchange Act Rule 12b-25.
SEC NT 10-K • 2mo ago News
Ocean Power Technologies gains cybersecurity certification for defense contracts
proactiveinvestors.com • 2mo ago Press Release
Ocean Power Technologies Strengthens Defense Contracting Readiness with CMMC Level 2 Compliance
Ocean Power Technologies announced it has achieved Cybersecurity Maturity Model Certification (CMMC) Level 2 compliance to support U.S. Department of War programs.
The milestone aligns OPT with requirements for protecting Controlled Unclassified Information and enhances its ability to pursue defense contracts requiring sensitive information handling.
SVP Jason Weed stated that this investment strengthens the company's competitive position in maritime intelligence and autonomous systems.
• 2mo ago AI analysis › SEC Filing ⚠ 1
OPTT: 8-K · material agreement
Ocean Power Technologies, Inc. entered into an At The Market offering agreement with H.C. Wainwright & Co., LLC to sell up to $20 million of its common stock. The agreement allows the company to offer and sell shares from time to time at market prices, or at prices related to prevailing market prices, with Wainwright acting as the sales agent.
H.C. Wainwright is entitled to a commission of 3.00% on the gross proceeds from any shares sold pursuant to the Sales Agreement. The offering will be made pursuant to the company's effective shelf registration statement on Form S-3, and a prospectus supplement was filed on July 27, 2026.
The company is not obligated to sell any shares under the agreement, and Wainwright is not obligated to purchase shares on a principal basis. The offering may be suspended or terminated by either party at any time, subject to the terms of the agreement.
SEC 8-K • 2mo ago AI analysis › SEC Filing ● Major ⚠ 4
OPTT: 424B5 · prospectus supplement
Ocean Power Technologies, Inc. has filed a prospectus supplement for a $20 million 'at-the-market' offering, appointing H.C. Wainwright & Co. as its sales agent.
The company intends to sell shares periodically at prevailing market prices, with a 3.0% commission paid to the agent, to fund working capital and general corporate purposes.
With a current share price of $0.15, this facility represents significant potential dilution to existing shareholders.
SEC 424B5 • 2mo ago AI analysis › News
Ocean Power Technologies, Inc. (OPTT) Q4 2026 Earnings Call Transcript
seekingalpha.com • 3mo ago News
Ocean Power Technologies acquires subsea technology assets to expand maritime infrastructure portfolio
proactiveinvestors.com • 3mo ago SEC Filing ● Major ⚠ 3
OPTT: PRE 14A · reverse split
Ocean Power Technologies has scheduled a special meeting of stockholders for September 10, 2026, to vote on a proposal authorizing the Board to amend its Certificate of Incorporation to effect a reverse stock split. The split ratio would range from 5-for-1 to 50-for-1, at the Board's discretion, and must be implemented within one year of the meeting if approved.
The company states the split is necessary to maintain listing on the NYSE American, citing new rules that could trigger automatic delisting if the stock price falls below $0.25 after October 1, 2026. Management believes the split will increase the per-share price and reduce delisting risk.
The filing notes that fractional shares will be rounded up to the nearest whole share and that no fractional shares will be issued. While the Board believes the split is necessary to maintain marketability, the company acknowledges that reverse splits are often viewed negatively by the market and may reduce market capitalization or liquidity.
SEC PRE 14A • 3mo ago Press Release
Ocean Power Technologies Acquires Strategic Subsea Technology to Expand Operational Infrastructure Supporting Maritime Dominance
Ocean Power Technologies acquired strategic subsea technology assets from Columbia Power Technologies to extend its capabilities from the ocean surface to the seabed.
The asset purchase adds subsea power capabilities to OPT's existing portfolio of autonomous surface vehicles and maritime sensing systems.
The transaction closed on July 22, 2026, and secures intellectual property and engineering resources designed to support persistent underwater operations.
• 3mo ago AI analysis › Press Release ● Major ⚠ 3
Ocean Power Technologies Announces Fourth Quarter and Full Year Fiscal 2026 Results
Ocean Power Technologies reported fiscal 2026 results highlighting a strategic transformation into an operational defense technology provider, securing a record backlog of $19.8 million and its largest-ever contract with the U.S. Coast Guard.
While revenue declined to $4.1 million due to upfront integration costs, the company grew its sales pipeline to $142.3 million and ended the year with $8.7 million in unrestricted cash.
Management enters fiscal 2027 focused on executing the Coast Guard deployment and converting the record backlog into recurring revenue, signaling a shift from development to scaled operations.
• 3mo ago AI analysis › Press Release
Ocean Power Technologies to Announce Fourth Quarter and Fiscal Results on July 23, 2026
Ocean Power Technologies announced it will release its fiscal 2026 fourth-quarter and full-year results on July 23, 2026.
The company anticipates filing its Annual Report on Form 10-K for the fiscal year ended April 30, 2026, on or about July 29, 2026.
A conference call to discuss the results is scheduled for July 24, 2026, hosted by CEO Philipp Stratmann and CFO Bob Powers.
• 3mo ago AI analysis › News
Ocean Power Technologies selected by US government for further assessment of maritime drone technology
proactiveinvestors.com • 3mo ago Press Release ⚠ 2
Ocean Power Technologies Selected by U.S. Government for Further Assessment of its Maritime Drones
Ocean Power Technologies' WAM-V unmanned surface vehicle was selected by the U.S. Government for further engagement following a competitive capability assessment.
The company emphasized this step validates its investment in autonomous maritime capabilities, though it explicitly stated this is not a contract award.
There is no assurance that this notification will result in future business opportunities or revenue.
• 3mo ago AI analysis › News
Ocean Power Technologies deepens European maritime security push
proactiveinvestors.com • 3mo ago Press Release
Ocean Power Technologies Expands International Maritime Security Engagements Across Europe
Ocean Power Technologies completed customer training and maritime drone handover activities in Italy and Greece to support the deployment of autonomous systems.
The company also participated in the 11th National Maritime Security Forum in Warsaw, engaging with government and military leaders on critical infrastructure protection.
Management noted that these activities reflect growing international interest in autonomous maritime technologies and OPT's expanding role in security efforts.
• 3mo ago AI analysis › Press Release
OPT Extends Its Section 382 Tax Benefits Preservation Plan
Ocean Power Technologies' Board unanimously approved the amendment and restatement of its Section 382 Tax Benefits Preservation Plan, extending the expiration date from June 29, 2026 to June 29, 2029.
The plan is designed to protect the value of federal net operating loss carryforwards by deterring any single investor or group from acquiring beneficial ownership of 4.99% or more of the company's common stock.
Stockholders previously ratified the original plan in 2023, and OPT intends to submit the amendment for ratification at its upcoming 2026 Annual Meeting.
• 3mo ago AI analysis › News
Ocean Power Technologies extends tax benefits preservation plan to 2029
proactiveinvestors.com • 3mo ago News
Ocean Power Technologies CEO Philipp Stratmann on growing ocean monitoring demand - ICYMI
proactiveinvestors.com • 3mo ago News
Ocean Power Technologies deploys PowerBuoy for Rutgers, receives maritime drone order from Stevens Institute
proactiveinvestors.com • 4mo ago Press Release
Ocean Power Technologies Announces Deployment of PowerBuoy® System for Rutgers University and New Maritime Drone Order from Stevens Institute of Technology
Ocean Power Technologies completed the deployment of a PowerBuoy system for Rutgers University and secured a purchase order for a WAM-V unmanned surface vehicle from Stevens Institute of Technology.
The Rutgers installation, supported by the New Jersey Economic Development Authority, replaces legacy seabed cables with a flexible power and communications solution for ocean research.
CEO Philipp Stratmann noted that these engagements reflect the company's ability to convert projects into operational systems and demonstrate demand for autonomous maritime solutions.
• 4mo ago AI analysis › SEC Filing
OPTT: 8-K · other
Ocean Power Technologies announced successful field performance of its MERROWS-equipped PowerBuoy system supporting the U.S. Coast Guard off the coast of San Diego. The deployment generated approximately 0.5 MWh of energy to date, validating the company's ability to rapidly deploy persistent offshore infrastructure for defense and security applications.
The company also appointed Rob O’Malley as U.S. Defense Senior Director of Business Development, granting him 65,000 restricted stock units as an employment inducement. The RSUs will vest over nine months subject to continued employment and the achievement of specific performance targets.
SEC 8-K • 4mo ago News
Ocean Power Technologies reports successful PowerBuoy field performance for US Coast Guard
proactiveinvestors.com • 4mo ago SEC Filing ● Major ⚠ 3
OPTT: 8-K · offering registration
Ocean Power Technologies (OPTT) entered into a securities purchase agreement on June 4, 2026, to sell 25 million shares of common stock and 25 million accompanying warrants to institutional accredited investors. The combined purchase price for each share and warrant package is $0.40, resulting in gross proceeds of $10 million for the company.
The warrants are exercisable at $0.40 per share beginning six months after issuance and expire six years after the initial exercise date. Ladenburg Thalmann & Co. Inc. acted as the exclusive placement agent, earning a 6% fee on gross proceeds plus up to $50,000 in expenses.
The company intends to use the net proceeds for working capital and general corporate purposes. This offering represents significant dilution to existing shareholders and signals a need for liquidity, which is typically viewed as bearish for small-cap energy companies.
SEC 8-K • 4mo ago AI analysis › Press Release
Ocean Power Technologies Demonstrates Strong Field Performance from DHS Deployment and Advances Operational Scalability
globenewswire.com • 4mo ago News
Ocean Power Technologies prices $10M registered direct offering
proactiveinvestors.com • 4mo ago Press Release ⚠ 1
Ocean Power Technologies Announces Pricing of $10,000,000 Registered Direct Offering Priced At A Premium to Market
Ocean Power Technologies priced a $10 million registered direct offering of 25 million shares and accompanying warrants at $0.40 per unit.
The offering was priced at a premium to the previous day's closing price, with Ladenburg Thalmann acting as exclusive placement agent.
The company intends to use the net proceeds for working capital and general corporate purposes, with closing expected around June 8, 2026.
• 4mo ago AI analysis › News
Ocean Power Technologies expands defense engagement efforts in Europe
proactiveinvestors.com • 4mo ago Press Release
Ocean Power Technologies Expands International Defense Engagements Across Europe
Ocean Power Technologies announced expanded international defense engagements across Europe, specifically highlighting activities in Poland and Norway.
In Poland, the company engaged with the Polish Naval Academy and defense industrial stakeholders to discuss maritime security and autonomous systems.
In Norway, OPT is preparing for demonstrations of its WAM-V unmanned surface vehicles to support allied maritime organizations.
The company emphasized that these engagements are part of its long-term growth strategy to demonstrate its integrated portfolio of PowerBuoy, WAM-V, and Merrows solutions to allied nations.
• 4mo ago AI analysis › SEC Filing
OPTT: 8-K · other
Ocean Power Technologies announced an expansion of its global deployment footprint, increasing its U.S. PowerBuoy deployments from one to five concurrent systems. These U.S. deployments support the Department of Homeland Security, the U.S. Navy, and a research institution, marking a transition from initial research to broader multi-agency use.
Internationally, the company reported three WAM-V autonomous surface vehicles and one PowerBuoy deployed in the United Arab Emirates, with additional WAM-V deployments in Taiwan. The company is also showcasing its WAM-V platform at Special Operations Forces Week in Tampa, highlighting growing demand for persistent offshore monitoring and autonomous maritime capabilities.
SEC 8-K • 5mo ago News
Ocean Power Technologies scales PowerBuoy fleet in the US, expands autonomous vessels overseas
proactiveinvestors.com • 5mo ago Press Release
Ocean Power Technologies Expands U.S. and International Deployment Footprint
Ocean Power Technologies expanded its U.S. PowerBuoy footprint from one to five concurrent deployments, serving DHS, the Navy, and research institutions.
Internationally, the company deployed three WAM-V autonomous surface vehicles and one PowerBuoy in the UAE, with additional WAM-V activity in Taiwan.
OPT is showcasing its WAM-V platform at Special Operations Forces Week in Tampa to engage defense stakeholders, signaling growing demand for persistent offshore monitoring.
• 5mo ago AI analysis › News
Ocean Power Technologies deploys three PowerBuoy systems for DHS network off San Diego - ICYMI
proactiveinvestors.com • 5mo ago Press Release
Ocean Power Technologies Deploys Three PowerBuoy® Systems Streaming Simultaneous Offshore Data for DHS Operations
globenewswire.com • 5mo ago News
Ocean Power Technologies demonstrates autonomous offshore docking and charging system
proactiveinvestors.com • 5mo ago Press Release
Ocean Power Technologies Advances Offshore Charging and Autonomous Operations for Maritime Drones
globenewswire.com • 5mo ago News
Ocean Power Technologies secures US Homeland Security contract – ICYMI
proactiveinvestors.com • 6mo ago News
Ocean Power Technologies deploys first PowerBuoy system for US Homeland Security operations
proactiveinvestors.com • 6mo ago Press Release
Ocean Power Technologies Deploys Autonomous PowerBuoy Supporting Persistent Maritime Domain Awareness for U.S. Homeland Security Operations
globenewswire.com • 6mo ago News
Ocean Power Technologies ships first PowerBuoy to US Department of Homeland Security - ICYMI
proactiveinvestors.ca • 6mo ago News
Ocean Power Technologies wins Nordic order for unmanned surface vehicle
proactiveinvestors.com • 6mo ago Press Release
Ocean Power Technologies Secures Order for Fully Integrated WAM-V for an Underwater Research Customer in the Nordics
globenewswire.com • 6mo ago News
Ocean Power Technologies ships first PowerBuoy under DHS contract
proactiveinvestors.com • 7mo ago Press Release
Ocean Power Technologies Advances U.S. Homeland Security Contract with Shipment of First PowerBuoy®
globenewswire.com • 7mo ago News
Ocean Power Technologies: Record backlog drives revenue – ICYMI
proactiveinvestors.com • 7mo ago News
Ocean Power Technologies, Inc. (OPTT) Q3 2026 Earnings Call Transcript
seekingalpha.com • 7mo ago Recent SEC filings with analysis 
