Ocean Power Technologies Inc. Reports Decrease in Q1 Sales
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2025
0mins
Should l Buy OPTT?
Source: NASDAQ.COM
Financial Performance: Ocean Power Technologies Inc. reported a first-quarter loss of -$7.39 million, compared to a loss of -$4.45 million in the same period last year.
Revenue Decline: The company's revenue decreased by 9.2% to $1.18 million from $1.30 million year-over-year.
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Analyst Views on OPTT
Wall Street analysts forecast OPTT stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.434
Low
1.50
Averages
1.50
High
1.50
Current: 0.434
Low
1.50
Averages
1.50
High
1.50
About OPTT
Ocean Power Technologies, Inc. provides ocean data collection and reporting, marine power, offshore communications and domain awareness services products, and integrated solutions. The Company focuses on three major service areas: Data as a Service (DaaS), which includes data collected by its Wave Adaptive Modular Vessel (WAM-V) autonomous vehicles or its PowerBuoy product lines; Robotics as a Service (RaaS), which provides a lower cost subscription model for its customers to access use of its WAM-Vs, and Power as a Service (PaaS), which includes its PowerBuoy and subsea battery products. The Company's solutions are primarily suited to ocean and other offshore environments, and support generation of actionable intelligence on a standalone basis. The Company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, science and research, wind power, and other industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sales Growth: The company's quarterly sales reached $7.386 billion, exceeding expectations of $7.068 billion, reflecting its competitive edge amid recovering market demand and potentially driving future business expansion.
- Stock Price Surge: Baker Hughes shares rose 3.7% to $55.81 in pre-market trading, indicating a positive market reaction to its financial performance, which may attract more investor interest.
- Industry Impact: This earnings improvement not only strengthens Baker Hughes' market position but could also positively influence the entire oil and gas industry, prompting other companies to increase investment and innovation efforts.
See More
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- Contract Award: Ocean Power Technologies has secured a multi-buoy contract exceeding $5 million with the U.S. Department of Homeland Security, aimed at enhancing maritime domain awareness off the coast of San Diego, thereby strengthening national security at sea.
- Technology Integration: The contract will provide several Merrows-equipped PowerBuoy systems deployed alongside Anduril surveillance towers, forming an integrated sensing architecture that ensures data streams are fed into Anduril's Command-and-Control system, enhancing real-time decision support for mission operators.
- Market Reaction: Following the contract announcement, Ocean Power's stock surged 17.4% to 39 cents, indicating strong market confidence in the company's growth potential and reflecting investor interest in renewable energy infrastructure.
- Strategic Implications: CEO Philipp Stratmann emphasized that this collaboration not only supports national security but also promotes the use of renewable energy in critical waterways, highlighting the company's strategic positioning in the sustainable development sector.
See More
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- Backlog Surge: As of October 31, 2025, Ocean Power Technologies reported a backlog of $15 million, an increase of $11.2 million or nearly 300% year-over-year, indicating strong growth potential amid rising market demand.
- Pipeline Expansion: The company's project pipeline reached $137.5 million as of October 31, 2025, reflecting a $53.1 million or 63% increase from $84.4 million in the same period last year, providing robust support for future revenue expectations.
- Strategic Partnership: In November 2025, OPT signed a strategic partnership with Mythos AI to integrate advanced AI-driven autonomy into its WAM-V® platforms, enhancing its competitive positioning in defense and commercial markets.
- Training Certification: OPT became certified by AUVSI as a Trusted Uncrewed Maritime Systems Operator Training Provider, expanding its revenue-generating training offerings and establishing industry standards in uncrewed maritime operations.
See More
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- Pipeline Expansion: The company's pipeline stood at $137.5 million as of October 31, 2025, reflecting a $53.1 million increase or 63% growth compared to the previous year, providing robust support for future revenue expectations.
- Strategic Partnerships: In November 2025, OPT signed a strategic partnership with Mythos AI to integrate advanced AI-driven autonomy into its WAM-V® platforms, enhancing the company's competitive positioning in defense and commercial markets.
- Financial Performance Challenges: Despite the growth in backlog and pipeline, OPT reported revenues of $0.4 million for Q2 FY26, an 83% decline year-over-year, primarily due to delivery delays caused by the U.S. federal government shutdown, resulting in a net loss of $10.8 million.
See More
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Backlog and Pipeline Growth: As of October 31, 2025, the backlog increased to approximately $15.0 million, a nearly 300% rise from the previous year, while the pipeline grew to $137.5 million, a 63% increase from $84.4 million in 2024.
Cash Position: The company had combined cash and short-term investments of $11.7 million as of October 31, 2025, up from $6.7 million at the start of the fiscal year.
Operating Cash Flow: Net cash used in operating activities for the first half of the fiscal year was approximately $13.1 million, compared to $10.9 million for the same period last year.
See More
Key Earnings Reports to Watch Before Monday's Market Open
Upcoming Earnings: Major earnings reports are anticipated before the market opens on Monday.
Companies Reporting: The companies expected to report earnings include MindWalk Holdings Corp. (HYFT) and Ocean Power Technologies (OPTT).
Earnings Calendar: For a complete earnings season calendar, readers are directed to Seeking Alpha's website.
Market Impact: These earnings reports could influence market trends and investor decisions.
See More
