Ocean Power Technologies Q3 FY2026 net loss widens 70% to USD 11.37 million as backlog more than doubled to USD 19.9 million

Reuters03-18

<a href="https://laohu8.com/S/OPTT">Ocean Power Technologies</a> Q3 FY2026 net loss widens 70% to USD 11.37 million as backlog more than doubled to USD 19.9 million

Ocean Power Technologies published a quarterly earnings press release reporting fiscal Q3 2026 results. Revenue fell 38% to USD 0.51 million, which the company attributed largely to timing impacts from a U.S. federal government shutdown in October and November 2025. Net loss widened to USD 11.37 million and operating expenses rose 38% to USD 8.36 million, driven primarily by higher non-cash stock-based compensation. Backlog more than doubled to USD 19.9 million and pipeline increased 84% to USD 163.9 million. The company said it secured a USD 6.5 million multi-buoy contract from the U.S. Department of Homeland Security, with deliveries of four MERROWS-equipped PowerBuoy systems beginning in fiscal Q4 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: 202603171615PRIMZONEFULLFEED9673678) on March 17, 2026, and is solely responsible for the information contained therein.

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