Ocean Power Technologies revises FY2026 results after accounting treatment changes, net loss widens to USD 48.9 million
Reuters2026/08/19 21:34- Ocean Power Technologies revised preliminary results for fiscal 2026 following additional audit work and consultation with its auditor’s national office.
- Updated accounting treatment cut revenue by USD 400,000 to USD 3.7 million.
- Gross loss narrowed by about USD 2.2 million to USD 5.9 million; operating loss improved by about USD 1.5 million.
- Net loss widened by about USD 5.2 million to USD 48.9 million; fiscal 2025 net loss increased by about USD 3 million.
- Changes tied to revenue, cost, and other accounting matters; no impact on cash or cash flows.
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