Business Context and Reporting Period
Company: Ocean Power Technologies, Inc. (OPTT)
Filing Type: Form 8-K (Current Report)
Report Date: September 13, 2021
Reporting Period: Fiscal First Quarter ended July 31, 2021
This filing serves as a notification that the Company issued a press release announcing its financial results for the fiscal first quarter. The detailed results are contained in Exhibit 99.1, which is incorporated by reference.
Key Financial Metrics
The provided text is a cover sheet for the Form 8-K and does not contain specific numerical data regarding revenue, profit, cash flow, margins, debt, or liquidity. These figures are located in the referenced press release (Exhibit 99.1) and are not present in the source text provided.
Material Changes
The filing text does not provide specific details on material changes versus the prior comparable period. It only confirms the issuance of the Q1 2021 earnings announcement.
Guidance, Outlook, and Risks
Management Commentary: The filing notes that the President and Chief Executive Officer, Philipp Stratmann, authorized the report.
Legal Status: In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 and Exhibit 99.1 is deemed "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Guidance/Risks: No specific guidance, outlook, risks, or contingencies are detailed in the provided text.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for actual revenue, net income, and cash flow figures for the quarter ended July 31, 2021.
- Verify the "furnished" status of the earnings data, noting it may not carry the same liability protections as "filed" documents under Section 18.
- Check for any forward-looking statements or updated guidance within the attached press release.
- Confirm the Company's status as an emerging growth company (indicated as unchecked in the form).