# OCEAN POWER TECHNOLOGIES, INC. (OPTT) · Edgar & Edgarette company card

> 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.

SEC CIK 1378140 · fiscal year ended 2026-04-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/OPTT) · [JSON](https://www.pops4.com/boards/company/OPTT.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $4M |
| Revenue growth, 1 year | -36.2% |
| Revenue growth per year | 20.7% |
| Operating margin | -1026.6% (prior year -370.0%) |
| Net margin | -1308.9% |
| Operating cash flow | −$21M |
| Capital spending | $4M |
| Free cash flow | −$25M |
| Cash | $9M |
| Long-term debt | $12M |
| Total assets | $40M |
| Total equity | $12M |
| Equity ÷ assets | 31.3% |
| Return on equity | -392.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 1 of 9 (weak)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, auditor change in the last 12 months; operating cash flow was negative; operating loss: a margin of -1026.6% in FY2026; revenue is hard to predict: its 80% range is ±66%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

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 $1.5M and $7.1M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.3M to $8.0M. A statistical range, not company guidance. Against peers (40 filers, $50M+ revenue, electric services): operating margin -1026.6% against a 20.3% median; growth -36.2% against 9.4%.

Range logged 2026-09-25, receipt bf0094f1d5c3d0c0, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-07-29 ([filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226035265/0001493152-26-035265-index.htm))
- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-08-20 ([filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226039393/0001493152-26-039393-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-10-28 ([filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226048802/0001493152-26-048802-index.htm))
- Item 5.02 Director or officer change: 4, latest 2026-10-07 ([filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226046028/0001493152-26-046028-index.htm))

## Recent filings

- 8-K · filed 2026-11-03 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226049788/0001493152-26-049788-index.htm)
- DEF 14A · filed 2026-10-29 · [filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226049264/0001493152-26-049264-index.htm)
- 8-K · filed 2026-10-28 · 4.01 Changes in Registrant's Certifying Accountant; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226048802/0001493152-26-048802-index.htm)
- 8-K · filed 2026-10-07 · 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 · [filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226046028/0001493152-26-046028-index.htm)
- 8-K · filed 2026-09-25 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226044336/0001493152-26-044336-index.htm)
- 8-K · filed 2026-09-17 · 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 · [filing](https://www.sec.gov/Archives/edgar/data/1378140/000149315226043115/0001493152-26-043115-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001378140.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1378140

## Cite

POPS4, Edgar & Edgarette: OCEAN POWER TECHNOLOGIES, INC. (OPTT) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/OPTT. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.