Ocean Power Technologies, Inc. (OPTT) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Ocean Power Technologies, Inc. on June 14, 2024, covering events occurring on June 11, 2024. The Company, incorporated in Delaware, operates in the marine technology sector and is listed on the NYSE American under the symbol OPTT.
Key Financial Metrics
This filing is an "Other Events" report (Item 8.01) and does not contain audited financial statements, revenue figures, profit data, cash flow statements, margin analysis, debt levels, or liquidity metrics. The filing text does not provide a clear value for any financial performance indicators.
Material Changes
The primary event reported is the delivery of WAM-V (Wave Adaptive Modular-Vessel) units to a customer, as announced in a press release dated June 11, 2024. No quantitative comparison to prior periods is provided in this document.
Guidance, Outlook, and Risks
The filing incorporates a press release by reference but does not include specific forward-looking guidance, management commentary on future performance, or a discussion of risks and contingencies within the body of this 8-K. The document serves solely to notify the market of the WAM-V delivery event.
Investor Verification Checklist
- Verify the specific customer identity and contract value associated with the WAM-V delivery by reviewing the attached Exhibit 99.1 (Press Release).
- Confirm the impact of this delivery on the Company's backlog and revenue recognition timeline in subsequent quarterly reports (10-Q or 10-K).
- Review the Company's latest 10-Q or 10-K for current liquidity, debt obligations, and operating cash flow status, as this 8-K does not contain such data.