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.
Key figures
- Revenue
- 4076000
- Cash
- 8700000
- Backlog
- 19800000
- Operating loss
- 39810000
- Sales pipeline
- 142300000
- Backlog yoy growth
- 58%
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