Filing Flows › Ocean Power Technologies (OPTT) › Q1 FY27
Ocean Power Technologies (OPTT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 14, 2026
Ocean Power Technologies (OPTT) reported revenue of $1.7M for the first quarter fiscal 2027 (Q1 FY27), +44% from a year earlier and +5% from the quarter before. Operating margin was -885.3%, net loss $10.5M (616.6% of revenue).
Ocean Power Technologies, Q1 FY27: revenue $1.7M (+44% year over year), operating margin -885.3%, net loss $10.5M, operating cash flow −$10.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | +5% | +44% |
| Operating profit | −$15.1M | — | — |
| Net earnings | −$10.5M | — | — |
| Operating cash flow | −$10.2M | — | — |
What changed
Revenue was $1.7M in Q1 FY27, up 44% year over year and up 5% from the previous quarter. Service was the largest line at 41% of revenue. Service added $687K year over year (up 6245%), 132% of the total change. WAM-V declined 65%.
Operating costs exceeded revenue by $15.1M, an operating margin of -885.3%. Total costs grew 103% against revenue growth of 44%. The fastest-growing cost line was Cost of revenue (+276%). The quarter ended with a net loss of $10.5M, narrower than the previous quarter's $19.3M loss. Non-operating items added $4.5M, -43% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$10.2M. Non-cash charges added back $319K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $124K exceeded it, leaving free cash flow of −$10.4M.
Questions
What was Ocean Power Technologies' revenue in the first quarter fiscal 2027?
Ocean Power Technologies (OPTT) reported revenue of $1.7M for the first quarter fiscal 2027 (Q1 FY27), +44% from a year earlier and +5% from the quarter before.
Was Ocean Power Technologies profitable in the first quarter fiscal 2027?
Operating loss was $15.1M (-885.3% of revenue) and net loss $10.5M.