Ocean Power Technologies Q3FY26 net loss widens 69% to USD 11.3-11.5 million

Reuters03-11

<a href="https://laohu8.com/S/OPTT">Ocean Power Technologies</a> Q3FY26 net loss widens 69% to USD 11.3-11.5 million

Ocean Power Technologies posted preliminary Q3FY26 revenue of USD 0.4 million to USD 0.6 million and a net loss of USD 11.3 million to USD 11.5 million. Backlog was about USD 19.9 million as of Jan. 31, 2026, more than tripling from a year earlier, while the pipeline rose 84% since Oct. 31, 2025 to USD 163.9 million. The company said cash used in operating activities was estimated to be less than USD 20 million. Ocean Power Technologies said it secured a multi-buoy DHS contract worth about USD 6.5 million, with delivery of four MERROWS-equipped PowerBuoy systems expected to begin in Q4FY26. It also shipped a WAM-V autonomous surface vehicle to Greece and said it moved its autonomous docking and charging solution from prototype to full-scale build ahead of a targeted early-access commercial launch in calendar 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ocean Power Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603110730PRIMZONEFULLFEED9669811) on March 11, 2026, and is solely responsible for the information contained therein.

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