Ocean Power Technologies, Inc.(OPTT)

Ocean Power Technologies grew revenue 44% to $1.7m in the quarter ended July 31, 2026, but cost of revenues nearly quadrupled on foreseeable contract losses, the operating loss more than doubled to $15.1m, and the smaller headline net loss reflects only a $4.9m non-cash warrant gain caused by the stock halving — alongside a going-concern warning and an unwaived note default.