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    OPTT — Ocean Power Technologies News Story

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    Ocean Power Technologies Q1 revenue falls 9%

    Picture of Ocean Power Technologies logoOcean Power Technologies
    15/09/2025 21:24
    Overview

Ocean Power Technologies fiscal Q1 revenue falls 9% yr/yr to $1.2 mln

Backlog surges 184% to $15 mln

Net loss widens to $7.4 mln due to increased non-cash stock compensation

Outlook

Company expects regional growth from UAE partnership with Unique Group

Company sees new D.C. office enhancing commercial opportunities

Result Drivers

BACKLOG GROWTH - Backlog surged 184% to $15 mln, driven by increased customer demand for maritime solutions

AI SOLUTION UPGRADE - Major upgrade to AI-enabled Merrows solution enhances performance and interoperability, supporting growth

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q1 Revenue$1.20 mln
    Q1 Net Income-$7.40 mln
    Q1 Operating Expenses$7.10 mln
    

Press Release: ID:nGNX86Klf8

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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