Ocean Power Technologies

OPTT

Market cap $95.3M

OPTT's quarterly loss widens y/y, but record backlog and pipeline growth highlight rising demand for its maritime autonomy solutions.

Ocean Power Technologies Inc (NYSE-A:OPTT) reported fiscal first quarter 2026 results on Monday, highlighting strong operational momentum, including a significant increase in backlog and business development progress. As of July 31, 2025, OPT's backlog stood at $15 million, up 184% from $5.3 million a year earlier.

Ocean Power Technologies Backlog Surges 184% Drives Accelerating Growth Outlook MONROE TOWNSHIP, N.J., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal first quarter (“1Q26”) Highlights include: 1Q26 RESULTS Backlog at July 31, 2025 was $15.0 million, a 184% increase over the 1Q25.

Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) announced that it has entered into a strategic partnership with Gradient Marine, a US-based provider of advanced digital modeling, simulation, and hardware-in-the-loop environments.  OPT said through this collaboration, the company will integrate Gradient Marine's Virtual Maritime Picture (VMP) software to develop and deploy digital twins for OPT's flagship platforms, including the PowerBuoy and WAM-V autonomous surface vehicles.

MONROE TOWNSHIP, N.J., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has entered into a strategic partnership with Gradient Marine (“GM”), a U.S.-based provider of advanced digital modeling, simulation, and hardware-in-the-loop environments.

MONROE TOWNSHIP, N.J., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release earnings for its fiscal 2026 first quarter for the period ended July 31, 2025 after the market closes on Monday September 15, 2025.

Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) announced it is shipping two WAM-V Unmanned Surface Vehicles (USV) to Remah International Group, a privately held company headquartered in the United Arab Emirates (UAE) with a focus on military services.  OPT said it is planning to expand its presence in the region with the establishment of a sales and operations office and related strategic hires.

MONROE TOWNSHIP, N.J., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it is shipping two WAM-V® Unmanned Surface Vehicles (“USV”) to Remah International Group (“RIG”), a privately held and UAE headquartered company with a focus on military services.

Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's decision to extend its agreement with the Unique Group in the United Arab Emirates, underlining strong growth in both the defense and commercial sectors across the region. Stratmann highlighted that demand for autonomous maritime systems, such as unmanned surface vehicles (USVs) and monitoring buoys, is continuing to rise, particularly in the Middle East.

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has signed a Master Services Agreement (MSA) with Unique Group, expanding its existing partnership in the United Arab Emirates (UAE).  The agreement formalizes the companies' collaboration first announced in July 2024, and designates Unique Group as OPT's execution partner for all non-defense WAM-V unmanned surface vehicle (USV) projects in the UAE.