Business Context and Reporting Period
Company: Ocean Power Technologies, Inc. (OPTT)
Filing Type: Form 8-K (Current Report)
Report Date: March 18, 2025
Reporting Period: Fiscal Third Quarter ended January 31, 2025
This filing serves as a notification that the company issued a press release on March 18, 2025, announcing its financial results for the fiscal third quarter. The press release is included as Exhibit 99.1.
Key Financial Metrics
The provided text is a cover sheet for the Form 8-K and does not contain specific financial data. It references a press release (Exhibit 99.1) for details on revenue, profit, cash flow, margins, debt, and liquidity. Consequently, no numerical values for these metrics are available in the source text.
Material Changes
The filing text does not provide specific details regarding material changes in financial condition or operations compared to prior periods. It only confirms the issuance of the quarterly results announcement.
Guidance, Outlook, and Risks
Management Commentary: The filing notes that the President and CEO, Philipp Stratmann, authorized the report. Specific commentary, guidance, or outlook is contained within the referenced press release (Exhibit 99.1) and is not present in this document.
Risks and Contingencies: No specific 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 January 31, 2025.
- Verify the discrepancy in the exhibit description: Item 9.01 lists Exhibit 99.1 as regarding "fiscal first quarter earnings," while Item 2.02 states the press release covers the "fiscal third quarter ended January 31, 2025."
- Confirm the company's liquidity position and debt obligations as detailed in the full press release.
- Check for any forward-looking statements or updated guidance included in the referenced press release.