Ocean Power Technologies reports record backlog, lands $6.5M DHS contract [Yahoo! Finance]
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: Yahoo! Finance
financial results for its fiscal third quarter ended January 31, 2026, highlighting a record backlog and a major new government contract. The company announced it has secured a multi-buoy contract valued at approximately $6.5 million from the U.S. Department of Homeland Security in support of a United States Coast Guard maritime domain awareness mission off San Diego. Stratmann explained that the award provides multi-quarter revenue visibility, with delivery of four newly built MERROWS®-equipped PowerBuoy® systems expected to begin in the fourth quarter of fiscal 2026. The contract also supports the company's strategic shift toward higher-margin, recurring revenue streams. The deployment will be carried out in collaboration with Anduril Industries, the project's prime contractor. Integrating PowerBuoy® systems alongside Anduril's surveillance towers positions Ocean Power Technologies within a next-generation, scalable defense sensing architecture in one of the United States' mos
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News
- Ocean Power Technologies, Inc. (OPTT) Q3 2026 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Ocean Power Technologies sees backlog surge in fiscal Q3 [Yahoo! Finance]Yahoo! Finance
- Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2026 ResultsGlobeNewswire
- Ocean Power Technologies sees expanding defense demand as backlog and pipeline grow [Yahoo! Finance]Yahoo! Finance
- Ocean Power Technologies, Inc. Pre Releases Third Quarter Fiscal 2026 Results [Yahoo! Finance]Yahoo! Finance
OPTT
Earnings
- 3/17/26 - Miss
OPTT
Analyst Actions
- 12/19/25 - HC Wainwright
OPTT
Sec Filings
- 3/17/26 - Form 10-Q
- 3/13/26 - Form 8-K
- 3/6/26 - Form 4
- OPTT's page on the SEC website