Ocean Power Technologies: Record backlog drives revenue – ICYMI [Yahoo! Finance]
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: Yahoo! Finance
Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week reported third-quarter results highlighting a record backlog, which the company said underpins near-term revenue growth and validates market demand for its solutions. Chief executive Philipp Stratmann told Proactive that the backlog consists of contracted purchase orders already secured, which are expected to convert into revenue as performance obligations are met. He emphasised that this is not indicative demand but firm commitments from customers. A significant portion of the backlog is tied to a multi-system order from the US Department of Homeland Security, supporting Coast Guard deployment. Stratmann noted that fulfilment is already underway, with systems expected to ship within days and installations to begin within weeks, signalling rapid revenue conversion. The company has also taken steps to improve execution timelines by building inventory ahead of demand. Stratmann said Ocean Power Technologies Inc had begu
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OPTT
News
- Ocean Power Technologies Secures Order for Fully Integrated WAM-V for an Underwater Research Customer in the Nordics [Yahoo! Finance]Yahoo! Finance
- Ocean Power Technologies Secures Order for Fully Integrated WAM-V for an Underwater Research Customer in the Nordics GlobeNewswire
- Ocean Power Technologies ships first PowerBuoy under DHS contract [Yahoo! Finance]Yahoo! Finance
- Ocean Power Technologies Advances U.S. Homeland Security Contract with Shipment of First PowerBuoy® [TheStreet.com]TheStreet.com
- Ocean Power Technologies Advances U.S. Homeland Security Contract with Shipment of First PowerBuoy® [Yahoo! Finance]Yahoo! Finance
OPTT
Earnings
- 3/17/26 - Miss
OPTT
Sec Filings
- 3/26/26 - Form 8-K
- 3/17/26 - Form 10-Q
- 3/13/26 - Form 8-K
- OPTT's page on the SEC website