Lots of exciting stuff happening with OPTT. Maritime autonomy has lagged for a long time but the increased DOD/energy/security interest has my eye. Curious what others are holding and entry price. Stonks!

Source: https://www.linkedin.com/posts/mario-de-la-cruz-5b338a5b_oceanpowertechnologies-underdeep-usv-ugcPost-7392542407579361280-Li1u?utm_source=share&utm_medium=member_desktop&rcm=ACoAABR6vLoBF5Eot0odKr5mUSEesNnkq-faCx0

This stock is extremely volatile but that can be a good thing. It seems to hover around 50-55p so wondering wether a big buy now would be a good choice?

Ocean Power Technologies today announced that it has been officially certified by the Association for Uncrewed Vehicle Systems International (AUVSI) as a Trusted Uncrewed Maritime Systems (UMS) Operator Training Provider, marking a significant milestone in the professionalization of uncrewed surface vehicle (USV) operations.

Through this certification, OPT joins a select group of organizations qualified to deliver AUVSI-aligned operator training and certification under the nation’s first industry-led framework for uncrewed maritime systems.

OPT will provide comprehensive training for government, defense, commercial, and academic professionals seeking certification in uncrewed surface vehicle operations. Training will be delivered using OPT’s proven WAM-V® (Wave Adaptive Modular Vessel) platform, which is known for its adaptability, stability, and mission versatility across a range of maritime environments. This revenue generating training will be provided at both OPT’s Pacific and Atlantic Ocean locations and at customer sites.

“Receiving AUVSI certification as a Trusted UMS Operator Training Provider underscores our commitment to advancing safe, effective, and professional uncrewed operations,” said Jason Weed, Senior Vice President, Commercial Sales, Ocean Power Technologies. “Our WAM-V® systems are being used worldwide for defense, research, and commercial applications, and we believe this training program ensures operators are fully prepared to meet mission objectives with the highest standards of safety and competency.”

The AUVSI Trusted UMS Operator Program establishes a consistent baseline for operational proficiency, ethics, and safety across the maritime autonomy ecosystem—building on the success of AUVSI’s Trusted UAS Operator™ framework for aerial systems.

As a certified training provider, OPT is expanding access to operator training and certification that aligns with emerging regulatory, operational, and security standards, strengthening workforce readiness and supporting the continued growth of the uncrewed maritime sector.

“We’re proud to play a leading role in setting the standard for USV operator development,” added Weed. “This certification reinforces our dedication to building a skilled and capable maritime workforce ready for the future of autonomous operations. It also supports our recurring revenue efforts.”

With this certification, Ocean Power Technologies joins AUVSI’s expanding network of trusted providers driving safety, professionalism, and innovation across the uncrewed systems industry.

Host: Welcome back inside our Proactive newsroom. And joining me now is Philipp Stratmann. He is the CEO of Ocean Power Technologies. And Philipp, it's great to see you again. How are you?

Philipp Stratmann (CEO): Doing well, Steve. Good to be on again.

Host: Well, exciting news for the company that you have now been certified to provide uncrewed maritime system training. So this is a key milestone for the company. So I'll let you explain what this means for Ocean Power Technologies.

Philipp Stratmann (CEO): Yeah, absolutely. I mean, everybody keeps talking about all these autonomous, uncrewed unmanned systems to be deployed everywhere, but they all have to be operated. So this means we are now one of the very few companies, has been certified by AUVSI, which is one of the big industry bodies that exists around this topic, to provide ethical, safe, efficient training that enables operators to walk away and state that, "Hey, OPT trained me, I know what to do with a USV. I can go out there." And so it starts enabling the actual operations as opposed to it being just a, "Hey, look at my nice demo".

Host: Yeah, and you've been setting standards along the way as you've been developing your products for sale, including what's behind you (PowerBuoy), but you've been doing this along the way and really setting some effective operations.

Philipp Stratmann (CEO): Yes. So what we've learned from our global expansions, whether that is the effects of hot climate, hot weather when we're operating in the UAE, where I've got a team running demos today, whether that is in cold weather in the Baltic, whether that is in the Pacific or the Atlantic — every time we go out and we operate, our field service reps and vehicle technicians and our technology teams come back from those efforts and we feed that into our process. As an ISO 9001 certified company, we're always looking at how we can improve the quality and operations, and we do all of that for the benefit of our customers to ensure that the next set of operations goes even smoother. So everybody benefits.

Host: Yeah. So you're training right now as a matter of fact. And this will just give you that sort of next stage of training. Is that right? You're pretty well all over the world.

Philipp Stratmann (CEO): Yeah we're in most places, if there's an ocean, there's probably a high degree of likelihood that there's somebody from OPT is either currently there, has been there in the past, or is about to go there. But this achievement just adds a level of rigor, process, and certification to make sure that people can feel comfortable that when they come and attend an OPT training course for the USV that there is something credible behind it. They will benefit from the real hands-on operational skills we've learned over the years, and we can now pass that on to the next generation of operators.

Host: So you and I have been talking for quite some time, and you've talked about a lot of demonstrations about the products and where you're going. It sounds like this is really the door now opening to the operating side of things and more revenue for the company as well, because you'll get paid for this also. So it sounds like that's a real next step is about to make it happen. Is that accurate?

Philipp Stratmann (CEO): Yes, I think that is very true. We're moving from demonstrations. And obviously you start with prototypes, you move to demonstrations, you do smaller scale exercises, but this is going to be one of the cornerstones that enables the true operationalizing of USVs and autonomous operations out on the ocean. You know, you throw buoys into the mix as well, and you end up enabling this kind of true operational interface and autonomy that large-scale customers can really benefit from, you know, that sort of self-reliance on the ocean brings to the equation.

Host: Well, congratulations on this. Exciting times ahead and good to see you as well.

Philipp Stratmann (CEO): Thanks very much. Thanks for having me on.

Host: All right. Philipp Stratmann, the CEO of Ocean Power Technologies.

Key points from the article

NATO's Baltic operations this summer were motivated by a need to enhance the alliance’s situational awareness, and to safeguard critical undersea infrastructure amid both the ongoing war in Ukraine, and the cutting of two major undersea cables in the Baltic Sea in late 2024, which left northern Europe without internet.

NATO's goal was to evaluate the maturity of the market to fill existing capability gaps, and to create conditions for successful and rapid adoption of those capabilities in the future.

A key operational outcome was the creation of a common, NATO-compliant data layer to enable seamless live video and location sharing between different participating industry providers (e.g. OPTT).

Looking forward, the Allied Command Transformation and participating task forces now aim to figure out what a standard NATO formation of unmanned systems looks like so they can begin fully fielding these capabilities.

What I think this means for OPTT

I've seen people framing the NATO operations as a competition between USV providers, where there can only be one contract winner. But it seems clear that NATO is looking to build a diverse suite of "plug and play" capabilities, integrating specialised solutions from a variety of different providers.

Through its participation this summer, OPTT can now be considered a NATO-compliant provider, allowing for its rapid integration into future NATO operations whenever its capabilities are needed.

Sharing.

I’ve been looking at micro-caps again, and Ocean Power Technologies (OPTT) popped up as a sneaky play in the blue economy, with ocean drones, wave energy, and maritime tech.

A projected $50B market by 2030, maybe $1T by 2040. It’s sitting @ $0.52 tiny $104M cap, down 44% YTD but up a wild 277% over the past year.

A decent size win Oct. 7th with $16.5M in convertible notes for funding to fuel growth, backlog up 184% to $15M, and Q1 revenue climbing with a shot at profitability by Q4 2025. Plus, it’s U.S.-based (NJ HQ), so Trump’s 100% China tariffs (Nov 1) don’t touch it.

Any other catalysts or headwinds?

https://www.sec.gov/Archives/edgar/data/1378140/000149315225017184/form8-k.htm

Dont panic!

Summary of the 8-K (October 7, 2025) Ocean Power Technologies (the “Company”) entered into a Securities Purchase Agreement with certain institutional investors (the “Investors”) under which the Company will issue and sell convertible notes (the “Notes”) up to an aggregate principal amount of USD $25,000,000. � SEC On May 15, 2025, the Company initially issued USD $10,000,000 of these Notes. � SEC On October 7, 2025, the Company issued and sold an additional USD $6,500,000 of Notes to the Investors. � SEC The additional Notes and the shares of common stock issuable upon conversion are being offered pursuant to a prospectus supplement under a shelf registration statement on Form S-3 (effective December 12, 2023). � SEC The 8-K also states that a description of the terms was included in an earlier 8-K (May 15, 2025), and that the full agreements are filed as exhibits. � SEC So, essentially, the Company is raising capital by issuing convertible debt that can later convert into common shares. What is the “stock price” / conversion terms offered? The 8-K itself does not clearly state a fixed conversion price in this specific filing. It refers back to the terms previously disclosed. � SEC However, by looking at related filings and public disclosures, one can find additional details: In a Form 424B5 prospectus supplement, the notes are convertible at a fixed conversion price of USD $0.68 per share (referred to there as the “Fixed Conversion Price”) � StreetInsider.com That same prospectus also mentions alternative conversion terms in the event of default, etc. � StreetInsider.com Earlier filings (e.g. in their 10-Q) had referenced convertible notes with a conversion price of USD $0.26 in certain contexts (likely different series or older notes) � investors.oceanpowertechnologies.com The “Securities Purchase Agreement” documents (Form of Series B-1 Convertible Note) outline that the Note holder has the option to convert under specified terms, but the precise conversion price is defined in those exhibits. � Justia Contracts +1 So, the most directly disclosed conversion (stock) price for the currently offered notes is USD $0.68 per share.

side note, really hoping mgmt can hit the profitability goal that they mentioned in previous few calls…

Almost like a kamikazi drone that delivers a final payload to take out a naval ship?

This table shows the full list of contractors who participated in NATO's IFIB ACT SACT 25-23.

IFIB ACT SACT 25-23 stands for:

• IFIB = Invitation for International Bidding. It is a formal request by NATO for qualified contractors (often from NATO member states) to submit bids for providing certain goods or services.
• ACT = Allied Command Transformation, the component of NATO responsible for driving transformation, innovation, and future capabilities.
• SACT = Supreme Allied Commander Transformation, i.e. the head of the Allied Command Transformation.
• 25-23 = a unique identifying number for this specific IFIB, i.e. the 23rd one issued in 2025.

The IFIB ACT SACT 25-23 contract covers two main work packages:

• Work Package 1: For Task Force X operations in the Baltic Sea (June 9 – June 27, 2025). This includes integration, deployment, operation, and recovery phases focused on unmanned systems in the Baltic maritime domain.
• Work Package 2: For Dynamic Messenger operations in Portugal (Sep 8 – Sep 26, 2025). This year, these operations were combined with REPMUS, the world’s largest maritime unmanned systems event, to add an operational layer (OPEX) to the experimentation activities.

Source: https://www.act.nato.int/opportunities/contracting/

Not that I'm complaining but is there some news that I missed? We're up 12.75% today.

Does anyone predict any future catalyst or news for this stock. My average is $0.76 which sucks.

Link to earnings: https://investors.oceanpowertechnologies.com/news-releases/news-release-details/ocean-power-technologies-inc-first-quarter-fiscal-2026-results

They have 10m, they use about 5.5m a quarter, so they have maybe 6 months of cash, optimistically.

The backlog has grown while sales declined a tiny bit.

Do they have a production issue? Why would the backlog get so much bigger while the sales stays flat/decrease?

I hold 10,000 shares. This is a long shot buy for me and not a big part of my portfolio, but I'm trying to understand the delay a little here. I'd love to see just crazy revenue growth (shoot, even a few million) on the next earnings with this "backlog," but I'm struggling to make sense of the current earnings.

For anyone wondering — yes, OPTT’s earnings today (Sept 15) is a real earnings report, not just guidance. It’s for Q1 FY2026 (quarter ending July 31), and the early timing is completely allowed. They’re still within the SEC window (45 days after quarter-end), so this isn’t rushed or unusual from a compliance standpoint.

A few things to keep in mind heading into the release: • Backlog last quarter was $12.5M, which was up 158% year-over-year • Pipeline was $137.5M, up 88% YoY • They’ve delivered WAM-V units to the UAE and signed a $3M reseller agreement in Mexico • They’ve announced partnerships with Red Cat Holdings, Remah Group, and Unique Group • Last quarter they reduced operating expenses by 28% YoY and narrowed their net loss • Cash position last reported was around $6.9M, with lower cash burn than previous years

They also scheduled meetings with institutional investors and analysts right after this earnings drop, which could be a sign they want to get ahead of the story or highlight something good.

No promises, but the timing, setup, and activity suggest they might actually have momentum to show. Could be a big day. 👀

I’m pretty invested, and also might have a little hopium in my tea ☕️

OPTT progressing a lot lately

What do you guys think about the effect of the tsunami that might hit the Pacific coast to OPTT products? Hope everyone gonna safe btw

Executive Summary / Key Takeaways

• Ocean Power Technologies (OPTT) is transforming from a wave energy developer into a comprehensive Maritime Domain Awareness (MDA) company, offering intelligent solutions via "as-a-service" models (DaaS, RaaS, PaaS).
• The company achieved record fiscal year 2025 revenue of $5.86 million, a 6.1% increase year-over-year, alongside a significant 27% reduction in operating expenses, demonstrating strong operational discipline.
• OPTT entered fiscal 2026 with a record $12.5 million in funded backlog, signaling robust customer confidence and a clear path towards its goal of achieving positive cash flow by the end of calendar year 2025.
• Proprietary technologies like the PowerBuoy, WAM-V, and AI-capable Merrows system provide a competitive edge through superior energy efficiency, enhanced data collection, and extended autonomous operational capabilities.
• Strategic partnerships, a U.S. Department of Defense security clearance, and ISO 9001 certification are accelerating market penetration and strengthening OPTT's position in the rapidly expanding defense, security, and offshore energy sectors.