Ocean Power Technologies revises FY2026 results after accounting treatment changes, net loss widens to USD 48.9 million
OPTT•Revised fiscal 2026 preliminary results
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.
Losses changed after accounting adjustments
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.
The changes were tied to revenue, cost, and other accounting matters, with no impact on cash or cash flows.
