Business Context and Reporting Period
Company: Ocean Power Technologies, Inc. (OPTT)
Filing Type: Form 8-K (Current Report)
Report Date: March 5, 2021
Reporting Period: Fiscal third quarter ended January 31, 2021
This filing serves as a notification that the Company issued a press release announcing its financial results for the specified quarter. The detailed financial data is contained in the press release furnished as Exhibit 99.1, which is incorporated by reference.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being detailed in the attached press release (Exhibit 99.1) but are not present in the body of this 8-K filing.
Material Changes
No material changes or comparative financial data versus prior periods are disclosed in the text of this filing. The document solely announces the availability of the results.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the issuance of a press release and the scheduling of an investor conference call and webcast to discuss the results.
Guidance and Risks: The text does not provide specific guidance, outlook, risk factors, contingencies, or unusual items. It notes that the information in Item 2.02 and Exhibit 99.1 is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for actual revenue, net income, and cash flow figures for the quarter ended January 31, 2021.
- Verify the date and time of the investor conference call mentioned in the press release.
- Confirm the trading symbol (OPTT) and exchange (Nasdaq Capital Market) for current market data.
- Check for any subsequent filings that may provide updated liquidity or debt positions not detailed in this summary.