Ocean Power Technologies, Inc. (OPTT)

NYSE: OPTT · Electric Services · Monroe Township, NJ · filing with the SEC since 2006

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Grade1.9

◀ Past 1.2● Present 2.0▶ Future 2.2

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Ocean Power Technologies, Inc.

Nine metrics read from its own filings, by tense

Headline grade

1.9/10

◀ Past1.225% of the headline

● Present2.045% of the headline

▶ Future2.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.2/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.3/10

Has it survived what it has been through?

15 warning events since 2017; the latest 2026-10-28.

weight 45% of this tense · 3rd percentile among 59 sector filers · read for itself

From the record

Ocean Power Technologies, Inc.'s filings since 2017 show 15 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 10 times, the latest 2026-08-20); an auditor change (8-K item 4.01, 4 times, the latest 2026-10-28); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2026-07-29) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.3/10

What has it actually done, year after year?

+18.2% a year over 10 filed years; profitable in 0 of 10.

weight 22% of this tense · 43rd percentile among 51 sector filers · read for its customers

From the record

Ocean Power Technologies, Inc.'s 10 filed years say what it did: revenue went from $705 thousand in fiscal 2016 to $4 million in fiscal 2026, up 18.2% a year; it rose in 7 of 9 years; the deepest fall was 39% from fiscal 2017 to fiscal 2018; net income was positive in 0 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span18.2%top 9% of its family
the share of years revenue rosetop 32% of its family
the share of filed years with a profitbottom 3% of its family
the deepest fall from a revenue peak39.4%bottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

0.3/10

How has it treated the people who own it?

SI estimate 0.3/10, confidence 35 of 100 (one part).

weight 33% of this tense · 3rd percentile among 57 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 3% of 57 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 57 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ocean Power Technologies, Inc.'s shareholder treatment is put at 0.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 3% of 57 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.0/1045% of the headline grade · 3 of 3 filed

Financial health

as filed

1.5/10

Is it financially healthy right now?

ROE -392%: lost 392¢ per shareholder dollar. Leverage 69%: owes 69¢ per asset dollar.

weight 45% of this tense · 15th percentile among 53 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-04-30, Ocean Power Technologies, Inc. lost about 392 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 15 cents per dollar of everything the company owns. Leverage: it owed about 69 cents per dollar of assets, and net share issuance: its share count grew 53.1% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 47% of its family
return on equitybottom 1% of its family
gross profit against assetsbottom 3% of its family
the share count against the year beforebottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.1/10

How strong is its position in its industry?

bottom 31% of 52 in its family; net margin -1308.9%.

weight 33% of this tense · 31st percentile among 52 sector filers · read for its customers

From the record

Ocean Power Technologies, Inc.'s standing among 52 graded names in its industry family: revenue of $4 million in fiscal 2026 ranks in the bottom 6% by size; a net margin of -1308.9% ranks in the bottom 5%; revenue growth of 11% a year over the last 3 filed years ranks in the top 18% (its annual reports).

What it rests on

revenue against the family$3.7Mbottom 6% of its family
net margin-1308.9%bottom 5% of its family
three-year revenue growth11.0%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

1.6/10

What are the people in charge doing?

bottom 16% of 30 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 16th percentile among 30 sector filers · read for its shareholders

From the record

Ocean Power Technologies, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Pagliara, Tracy D (Interim President and CEO, as filed), filing under that title since 2026-10-02, 1 month (bottom 2% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 5.1 years (bottom 38%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 7%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge9 in three years among 10 peoplebottom 7% of its family
the median years the people in charge have filed5.1 yearsbottom 38% of its family
the chief executive's years on the record1 monthsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

2.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

2.3/10

How much room does it have to grow?

bottom 23% of 47 in its family for room to expand.

weight 22% of this tense · 23rd percentile among 47 sector filers · read for itself

From the record

Ocean Power Technologies, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $9 million against debt of $12 million leaves -8.2% of its assets as net cash, top 34% of its family; cash from operations less capital spending is -663.2% of revenue (bottom 1%); a gross margin of -158.4% (bottom 3%) (its annual report).

What it rests on

cash less debt against assets-8.2%top 34% of its family
cash from operations less capital spending against revenue-663.2%bottom 1% of its family
gross margin-158.4%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

3.5/10

What could actually drive growth from here?

bottom 35% of 51 in its family for growth drivers.

weight 45% of this tense · 35th percentile among 51 sector filers · read for its customers

From the record

Ocean Power Technologies, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 11% a year over the last three filed years against 18.2% over all 10, slowing (bottom 17% of its family); the newest year grew -36.3% (bottom 3%); research spending grew -40% a year (bottom 25%); capital spending grew 83.5% a year (top 5%) (its annual reports). Ocean Power Technologies, Inc. reported 3 product lines in fiscal 2026: Service at $2 million (53%), WAMV at $1 million (37%), Buoy at $365 thousand (10%); 1 of 3 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-7.1 points a yearbottom 17% of its family
the newest year's revenue growth-36.3%bottom 3% of its family
three-year growth of research spending-40.0%bottom 25% of its family
three-year growth of capital spending83.5%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

0.5/10

Did its newest year beat what its own record pointed to?

bottom 5% of 49 in its family for expectations against reality.

weight 33% of this tense · 5th percentile among 49 sector filers · read for its shareholders

From the record

Ocean Power Technologies, Inc.'s newest year against its own record: revenue of $4 million in fiscal 2026 came in 56.5% below the $9 million its prior three years' pace pointed to (bottom 3% of its family); net income of $49 million against a prior three-year average of $26 million (bottom 9%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 3%) (its annual reports).

What it rests on

revenue against the prior three years' pace-56.5%bottom 3% of its family
net income against the prior three years' average-88%bottom 9% of its family
net margin against its prior averagedown more than 100 pointsbottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton OPTT · research, not advice