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Ocean Power Technologies, Inc. (OPTT) Create: Alert

All | News | Filings
Date FiledTypeDescription
10/12/2023 8-K Quarterly results
08/07/2023 8-K Entry into a Material Definitive Agreement, Financial Statements and Exhibits  Interactive Data
Docs: "Sales Agreement",
"28 Engelhard Drive, Suite B Monroe Township, New Jersey 08831"
07/12/2023 8-K Quarterly results
Docs: "Ocean Power Technologies, Inc. Announces Fourth Quarter Fiscal 2023 Results Fiscal 2023 Revenues Increased 55% MONROE TOWNSHIP, N.J., July 12, 2023 – Ocean Power Technologies, Inc. , today announced financial results for its fiscal fourth quarter and full-year ended April 30, 2023 . Highlights include: 4Q23 HIGHLIGHTS ● Total orders for the 4Q23 were $2.3 million, as compared to $0.7 million for the fourth quarter ended April 30, 2022 . ● Revenues for the 4Q23 of $1.0 million grew 29.5% over 4Q22 revenues. ● In April 2023, OPT completed a $0.5M extension of its lease contract to continue providing their WAM-V 22 Autonomous Surface Vehicle asset to a U.S. Government Agency Overseas for ongoing autonomous maritime activities. ● In March 2023, OPT deployed the scalable..."
06/30/2023 8-K/A Financial Statements and Exhibits  Interactive Data
Docs: "CERTIFICATE OF DESIGNATIONS OF SERIES A PARTICIPATING PREFERRED STOCK OF OCEAN POWER TECHNOLOGIES, INC."
06/30/2023 8-K Entry into a Material Definitive Agreement, Material Modifications to Rights of Security Holders, Amendments to Articles of I...
Docs: "CERTIFICATE OF DESIGNATIONS OF SERIES A PARTICIPATING PREFERRED STOCK OF OCEAN POWER TECHNOLOGIES, INC.",
"SECTION 382 TAX BENEFITS PRESERVATION PLAN by and between OCEAN POWER TECHNOLOGIES, INC. and COMPUTERSHARE TRUST COMPANY, N.A., as Rights Agent Dated as of June 29, 2023",
"OPT Adopts Tax Benefits Preservation Plan to Protect Long-term Shareholder Value By Preserving Significant Tax Assets MONROE TOWNSHIP, N.J., June 30, 2023 – Ocean Power Technologies, Inc. , a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that its Board of Directors has approved the adoption of a tax benefits preservation plan in the form of a Section 382 Rights Agreement. The plan is designed to protect and preserve OPT’ s tax assets primarily associated with net operating loss carryforwards or NOLs that could potentially be utilized in certain circumstances to offset OPT’ s future taxable income and reduce its federal income tax liability. Section 382 of the Internal Revenue Code imposes limitations on the future use of a com..."
06/09/2023 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits ...
Docs: "AMENDED AND RESTATED BY-LAWS OF OCEAN POWER TECHNOLOGIES, INC."
06/08/2023 8-K Termination of a Material Definitive Agreement  Interactive Data
04/13/2023 8-K Other Events, Financial Statements and Exhibits  Interactive Data
Docs: "Ocean Power Technologies Announces Deployment of Next Generation Wave Energy Converter Buoy Adding wind and solar energy harvesting, OPT’ s next generation WEC is expected to generate more power than prior PowerBuoy® platforms. MONROE TOWNSHIP, N.J., April 13, 2023 – Ocean Power Technologies, Inc. , a leader in innovative, cost-effective, and autonomous low-carbon marine data, power, and consulting service solutions, is pleased to announce the successful first ocean test of its next-generation increased power wave energy converter buoy, the Mass-On-Spring-Wave-Energy-Converter prototype. OPT has reported the operational sized buoy, deployed offshore of New Jersey, has been performing as expected and has already endured storm conditions at sea. Building on the success of its previous wave e..."
03/14/2023 8-K Quarterly results
Docs: "Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2023 Results Results include Third Quarter Revenue Growth of 51.7% MONROE TOWNSHIP, N.J., March 13, 2023 - Ocean Power Technologies, Inc. , today announced financial results for its fiscal third quarter ended January 31, 2023 , including year-to-date revenue growth of over 74.7% and total order growth of 111%. Highlights from the third quarter and recent activity include: ● Total orders for the Q323 were $0.8 million, as compared to $0.7 million for the third quarter ended January 31, 2022 . Total orders for the nine months ended Q323 increased 111% to $3.8 million, from total orders of $1.8 million for the same period in the prior year. ● Revenues for the Q323 were $0.7 million, reflecting a growth of 51.7% over Q32..."
01/17/2023 8-K Quarterly results
12/14/2022 8-K Quarterly results
10/05/2022 8-K Quarterly results
09/12/2022 8-K Quarterly results
Docs: "Ocean Power Technologies, Inc. Announces First Quarter Fiscal 2023 Results MONROE TOWNSHIP, N.J., September 12, 2022 – Ocean Power Technologies, Inc. , a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its first quarter ended July 31, 2022. 1Q23 HIGHLIGHTS: ● Revenues increased to $714,000 in 1Q23, as compared to $272,000 in 1Q22. ● Selected by the U.S. Department of Energy for the Phase II development of a next-generation wave energy converter. In the DOE’ s recently published awards for clean energy Small Business Innovation Research projects, OPT will receive up to $1.1 million over the next 18-24 months to develop and test a modular and scalable Mass-on-Spring Wave Energy Converte..."
07/18/2022 8-K Quarterly results
07/13/2022 8-K Quarterly results
03/15/2022 8-K Quarterly results
Docs: "Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2022 Results Revenues Grow 53%; New VP Global Sales & Marketing Appointed MONROE TOWNSHIP, N.J., March 14, 2022 – Ocean Power Technologies, Inc. , a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its third quarter ended January 31, 2022. Business Highlights ● As previously announced, the Company completed its acquisition of Marine Advanced Robotics on November 15, 2021, expanding OPT’ s commercial offering into autonomous vehicles for maritime data services. MAR is expected to contribute approximately $2.0 million to revenue for Fiscal Year 2023. In the 3Q22, the Company recognized $257,000 of revenue related to MAR. ● Rev..."
02/11/2022 8-K Quarterly results
12/15/2021 8-K Quarterly results
12/13/2021 8-K Quarterly results
12/07/2021 8-K Quarterly results
11/16/2021 8-K Entry into a Material Definitive Agreement, Financial Statements and Exhibits  Interactive Data
Docs: "STOCK PURCHASE AGREEMENT",
"Marine Advanced Robotics, Inc. Overview Founded in 2004, MAR is the developer of Wave Adaptive Modular Vessel technology, which enables roaming capabilities for uncrewed equipment in waters around the world. MAR launched the first WAM-V in 2007 as a new vessel class with a mission to manufacture and deliver to customers the most reliable and robust ASVs available on the market. The WAM-V has a flexible structure that adapts and conforms to the water’ s surface for an exceptionally smooth and level platform. In addition, inflatable pontoons help absorb motion and force, while hinged engine pods keep propellers in the water and further improve vehicle stability and controllability. MAR has used WAM-V technology to build surface vessels ranging from eight feet to 100 feet for deployments worl..."
09/24/2021 8-K Quarterly results
09/13/2021 8-K Quarterly results
08/17/2021 8-K Quarterly results
07/19/2021 8-K Quarterly results
Docs: "Ocean Power Technologies, Inc. and Subsidiaries Consolidated Balance Sheets April 30, 2021 April 30, 2020 ASSETS Current assets: Cash and cash equivalents $ 83,028 $ 10,002 Restricted cash, short-term 384 707 Accounts receivable 350 105 Contract assets 190 251 Other current assets 487 588 Total current assets 84,439 11,653 Property and equipment, net 406 499 Intangibles, net 274 - Right-of-use asset, net 1,036 1,165 Restricted cash, long-term 222 221 Total assets $ 86,377 $ 13,538 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 687 $ 220 Accrued expenses 1,881 1,353 Contract liabilities, current portion - 100 Right-of-use liability, current portion 495 229 Litigation payable 1,224 - Liability classified stock awards 60 - Warrant liabilities - - Paycheck protect..."
07/16/2021 8-K Entry into a Material Definitive Agreement, Financial Statements and Exhibits
06/23/2021 8-K Quarterly results
06/21/2021 8-K Quarterly results
06/08/2021 8-K Quarterly results
05/28/2021 8-K Quarterly results
05/12/2021 8-K Quarterly results
04/22/2021 8-K Quarterly results
03/05/2021 8-K Quarterly results
02/02/2021 8-K Quarterly results
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