{ "ok": true, "cik": "1378140", "ticker": "OPTT", "name": "OCEAN POWER TECHNOLOGIES, INC.", "filings": [ { "form": "8-K", "filed": "2026-09-17", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "5.02 Departure or Election of Directors; Appointment of Officers", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1378140/000149315226043115/0001493152-26-043115-index.htm" }, { "form": "10-Q", "filed": "2026-09-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1378140/000149315226042579/0001493152-26-042579-index.htm" }, { "form": "8-K", "filed": "2026-09-11", "items": [ "3.03 Material Modifications to Rights of Security Holders", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1378140/000149315226042282/0001493152-26-042282-index.htm" }, { "form": "S-1", "filed": "2026-09-08", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1378140/000149315226041658/0001493152-26-041658-index.htm" }, { "form": "S-1", "filed": "2026-08-25", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1378140/000149315226040052/0001493152-26-040052-index.htm" }, { "form": "8-K", "filed": "2026-08-24", "items": [ "2.02 Results of Operations and Financial Condition", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1378140/000149315226039793/0001493152-26-039793-index.htm" } ], "events12m": 25, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001378140.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1378140" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up OCEAN POWER TECHNOLOGIES, INC. ($OPTT). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-17. 25 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-06-06.", "auditor": { "changes": [ { "filed": "2025-06-06", "url": "https://www.sec.gov/Archives/edgar/data/1378140/000164117225014028/0001641172-25-014028-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2026-04-30", "revenue": 3737000, "revenueGrowth1y": -0.3623954956492066, "revenueGrowthPerYear": 0.20729753690620933, "yearsOfData": 5, "operatingMargin": -10.265721166711266, "operatingMarginPrior": -3.7000511858044702, "netMargin": -13.08937650521809, "operatingCashFlow": -20775000, "capitalSpending": 4008000, "freeCashFlow": -24783000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 8719000, "longTermDebt": 12012000, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2022-04-30", "revenue": 1759000 }, { "fiscalYearEnd": "2023-04-30", "revenue": 2732000 }, { "fiscalYearEnd": "2024-04-30", "revenue": 5525000 }, { "fiscalYearEnd": "2025-04-30", "revenue": 5861000 }, { "fiscalYearEnd": "2026-04-30", "revenue": 3737000 } ], "totalEquity": 12476000, "totalAssets": 39923000, "equityRatio": 0.3125015655136137, "returnOnEquity": -3.9207277973709522, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 2396562.170051283, "high": 4303296.944670366, "baseline": 3265515.9695480084, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 2396562.170051283, "high": 4303296.944670366 } }, "edgarette": "🔖 Exposure: revenue $3.7M (FY2026), total debt $12.0M. Experience: revenue down 36.2% on the year, up 20.7% a year over 4 years; operating margin -1026.6%, down from -370.0%. Soundness: equity 31.3% of assets, return on equity -392.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.4M and $4.3M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (40 filers, $50M+ revenue, electric services): operating margin -1026.6% against a 20.3% median; growth -36.2% against 9.4%.", "peers": { "sic": 4911, "sicDescription": "Electric Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4911", "growth": [ 0.0937, 40 ], "opMargin": [ 0.2032, 40 ], "equityRatio": [ 0.2453, 26 ], "returnOnEquity": [ 0.0943, 21 ], "payoutRatio": [ 0.5107, 22 ] }, "summary": "Ocean Power Technologies (OPTT) saw revenue fall 36.2% in FY2026 to $4 million, operating margin -1027% against a 20.3% median for electric services, equity 31.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
OCEAN POWER TECHNOLOGIES, INC. against its own record and its peers
Operating marginPeer median 20.3%-1026.6%Revenue, on the yearPeer median 9.4%-36.2%Equity of assetsPeer median 24.5%31.3%Return on equityPeer median 9.4%-392.1%Gold tick: the median of 21–26 peers with $50M+ revenue in electric services
", "chartHorizon": null, "backtest": { "tests": 12, "hits": 1, "rate": 0.08333333333333333, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T12:53:06.096Z", "hash": "f232196ffe502a9f", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Ocean Power Technologies (OPTT) saw revenue fall 36.2% in FY2026 to $4 million, operating margin -1027% against a 20.3% median for electric services, equity 31.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2026-04-30", "revenue": 3737000, "totalDebt": 12012000, "cash": 8719000 }, "experience": { "revenueGrowth1y": -0.3623954956492066, "revenueGrowthPerYear": 0.20729753690620933, "operatingMargin": -10.265721166711266, "operatingMarginPrior": -3.7000511858044702, "netMargin": -13.08937650521809, "freeCashFlow": -24783000 }, "soundness": { "equityRatio": 0.3125015655136137, "returnOnEquity": -3.9207277973709522, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4911, "sicDescription": "Electric Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4911", "growth": [ 0.0937, 40 ], "opMargin": [ 0.2032, 40 ], "equityRatio": [ 0.2453, 26 ], "returnOnEquity": [ 0.0943, 21 ], "payoutRatio": [ 0.5107, 22 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2025-06-06", "url": "https://www.sec.gov/Archives/edgar/data/1378140/000164117225014028/0001641172-25-014028-index.htm" } }, "range": { "low": 2396562.170051283, "high": 4303296.944670366, "baseline": 3265515.9695480084, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 12, "hits": 1, "rate": 0.08333333333333333, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T12:53:06.096Z", "hash": "f232196ffe502a9f", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001378140.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1378140" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }