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.

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: 202608191733PRIMZONEFULLFEED9813161) on August 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ocean Power Technologies revises FY2026 results after accounting treatment changes, net loss widens to USD 48.9 million

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