Ocean Power Technologies, INC

Ocean Power Technologies, Inc. announced a 1-for-30 reverse stock split of its common stock, effective September 11, 2026, to improve marketability and liquidity.

Ocean Power Technologies announced updates to its preliminary fiscal year 2026 financial results, revealing a decrease in revenue and an increase in net loss, alongside a going concern qualification from auditors.

Ocean Power Technologies announced it received a notice from NYSE American for failing to timely file its annual report but has since filed the report and regained compliance.

Ocean Power Technologies has announced the initiation of a strategic alternatives review by its Board of Directors, aiming to maximize stockholder value.

Ocean Power Technologies has been selected as a potential awardee for a $40 million U.S. Navy contract supporting autonomous ocean mapping.

Ocean Power Technologies has entered into an at-the-market offering agreement to sell up to $20 million of its common stock through H.C. Wainwright & Co.

Ocean Power Technologies reported a net loss of $10.5 million for the third quarter of fiscal year 2026, with ongoing concerns about its ability to continue as a going concern.

Ocean Power Technologies reported a significant increase in net losses and negative gross margin for the six months ended October 31, 2025, despite a substantial rise in backlog.

Ocean Power Technologies reported a wider net loss for Q1 2026 despite a significant increase in backlog and a new patent, relying on recent capital raises to fund operations.

Ocean Power Technologies reports increased revenue for Q3 2025 but continues to face net losses and concerns about its ability to operate as a going concern.

Ocean Power Technologies reports a significant increase in revenue for the quarter ended October 31, 2024, but ongoing losses and cash burn raise concerns about its ability to continue as a going concern.

Ocean Power Technologies reported a net loss of $4.5 million for the first quarter of fiscal year 2025, while securing $3 million in new funding through registered direct offerings.

Ocean Power Technologies reports increased operating losses and material weaknesses in internal controls, raising going concern doubts, despite strategic advancements and a growing backlog.

Ocean Power Technologies, a maritime domain awareness company, reported increased revenue and a significant rise in backlog for fiscal year 2025, driven by strategic international expansion and new capital infusions, despite continued net losses.

Ocean Power Technologies has filed an amendment to its annual report to include previously omitted information regarding directors, executive compensation, and corporate governance.

Ocean Power Technologies shifts focus to commercial activities after completing research and development, reporting a net loss of $27.5 million for fiscal year 2024.

Ocean Power Technologies CEO Philipp Stratmann reported the withholding of 901,096 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Ocean Power Technologies Senior VP and General Counsel Tracy D. Pagliara disposed of 322,897 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Ocean Power Technologies' Senior VP and CFO, Robert Patrick Powers, disposed of 437,550 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Ocean Power Technologies' President and CEO, Philipp Stratmann, increased his direct beneficial ownership of common stock by 592,913 shares through the vesting of restricted stock units.

Ocean Power Technologies' Senior VP and General Counsel, Tracy Pagliara, saw 201,442 restricted stock units vest, increasing direct beneficial ownership.

Ocean Power Technologies CFO Robert Patrick Powers increased his direct beneficial ownership of company common stock through the vesting of restricted stock units.

Ocean Power Technologies is holding a special meeting on September 10, 2026, to vote on a proposal authorizing the Board to implement a reverse stock split of its common stock, ranging from 5-for-1 to 50-for-1, to maintain its NYSE American listing.

Ocean Power Technologies, Inc. issued a supplement to its proxy statement, clarifying that a proposal to increase authorized common stock is a routine matter, allowing brokers to vote without stockholder instructions.

Ocean Power Technologies, Inc. announces its 2025 Annual Meeting of Stockholders to be held on January 27, 2026, proposing director elections, equity plan amendments, and an increase in authorized shares.

Ocean Power Technologies is asking stockholders to approve an increase in authorized common stock from 200 million to 300 million shares to support future growth initiatives.

Ocean Power Technologies has announced its 2024 Annual Meeting of Stockholders, scheduled for January 16, 2025, and is seeking approval for several key proposals, including an amendment to its 2015 Omnibus Incentive Plan.

Ocean Power Technologies is asking stockholders to approve an amendment to its Certificate of Incorporation to increase the number of authorized common shares from 100 million to 200 million.

Ocean Power Technologies, Inc. has filed an S-1 registration statement to offer shares of common stock and warrants, signaling a move to raise capital amidst ongoing operational challenges.

Ocean Power Technologies, Inc. has filed a Form S-1 registration statement to allow for the resale of 10,984,848 shares of common stock by Columbia Power Technologies, Inc., issued as part of an acquisition.