Ocean Power Technologies, Inc.
For the period ended Jul 20, 2026. Filed Jul 23, 2026.
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Jul 20, 2026 · Filed Jul 23, 2026
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OPTT$0.43+14.1%Stored close · as of Nov 6, 2026
Contents
EX-99.2 · (in thousands, except share data)
(in thousands, except share data)
| April 30, 2026 | April 30, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $8,719 | $6,715 |
| Restricted cash, short-term | 154 | — |
| Accounts receivable, net | 587 | 1,191 |
| Contract assets | 716 | 1,088 |
| Inventory | 3,884 | 4,222 |
| Other current assets | 2,343 | 400 |
| Total current assets | $16,403 | $13,616 |
| Property and equipment, net | 11,093 | 3,444 |
| Intangibles, net | 3,357 | 3,490 |
| Right-of-use assets, net | 1,886 | 1,552 |
| Restricted cash, long-term | — | 154 |
| Goodwill | 8,537 | 8,537 |
| Total assets | $41,276 | $30,793 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $4,366 | $568 |
| Earn out payable | 150 | 300 |
| Convertible notes payable | 9,217 | — |
| Derivative liability | 1,166 | — |
| Accrued expenses | 4,972 | 1,271 |
| Contract liabilities, current | 6,390 | — |
| Right-of-use liabilities, current portion | 1,202 | 1,150 |
| Total current liabilities | $27,463 | $3,289 |
| Deferred tax liability | 203 | 203 |
| Contract liabilities, long term | 2,077 | — |
| Right-of-use liabilities, less current portion | 837 | 649 |
| Total liabilities | $30,580 | $4,141 |
| Commitments and contingencies | ||
| Shareholders’ Equity: | ||
| Preferred stock, $0.001 par value; authorized 5,000,000 shares, none issued or outstanding | $— | $— |
| Common stock, $0.001 par value; authorized 400,000,000 and 300,000,000 shares, respectively, issued 231,145,998 and 172,050,563 shares, respectively, and outstanding 228,460,085 and 171,263,086 shares, respectively | 231 | 172 |
| Treasury stock, at cost; 2,685,913 and 787,477 shares, respectively | (1,825) | (1,018) |
| Additional paid-in capital | 386,204 | 356,588 |
| Accumulated deficit | (373,914) | (329,090) |
| Accumulated other comprehensive loss | — | — |
| Total shareholders’ equity | 10,696 | 26,652 |
| Total liabilities and shareholders’ equity | $41,276 | $30,793 |
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