Ocean Power Technologies revises fiscal 2026 results after audit

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Go back to Ocean Power Technologies revises fiscal 2026 results after audit

Ocean Power Technologies Provides Update to Previously Announced Preliminary Fiscal 2026 Financial Results

August 19, 2026 5:33 PM EDT

MONROE TOWNSHIP, N.J., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or the "Company") (NYSE American: OPTT), a leader in maritime operational infrastructure, autonomous ocean systems, and AI-enabled maritime intelligence solutions, today provided an update to the preliminary financial results previously announced on July 23, 2026.

Following completion of additional audit procedures and consultation with the National Office of the Company's independent registered public accounting firm, the Company revised its accounting treatment with respect to certain revenue, costs and other accounting matters identified in connection with the completion of... More