Business Context and Reporting Period
Company: Ocean Power Technologies, Inc. (OPTT)
Filing Type: Form 8-K (Current Report)
Date of Report: December 14, 2022
Reporting Period: Fiscal Second Quarter ended October 31, 2022
This filing serves to announce the Company's financial results for the fiscal second quarter and to report the adjournment of its Annual Meeting.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release furnished as Exhibit 99.1, which is incorporated by reference but not detailed in the body of this 8-K document.
Material Changes
No specific material changes in financial condition or operations are quantified in this filing text. The document references the issuance of a press release regarding fiscal second-quarter earnings but does not summarize the comparative data against prior periods.
Guidance, Outlook, and Other Events
- Annual Meeting Adjournment: The Company announced the adjournment of its Annual Meeting until January 13, 2022. (Note: The filing text explicitly states "January 13, 2022," which appears to be a typographical error in the source document given the filing date of December 2022; investors should verify the correct year).
- Management Commentary: Specific guidance, outlook, or management commentary is not included in this filing text and is referenced only via the attached press release (Exhibit 99.1).
- Risks and Contingencies: No specific risks or contingencies are detailed in this filing text.
Investor Verification Checklist
- Review Exhibit 99.1 for the actual financial results (revenue, net loss, cash position) for the quarter ended October 31, 2022.
- Verify the correct date for the adjourned Annual Meeting, as the text lists "January 13, 2022" which conflicts with the filing date of December 2022.
- Confirm the Company's liquidity status and debt obligations by examining the full press release referenced in Item 2.02.