Ocean Power Technologies Plunges 12.58% on Annual Loss

On July 25, 2025, Ocean Power Technologies, Inc. (OPTT) experienced a significant drop of 12.58% in pre-market trading, reflecting a notable shift in investor sentiment towards the company.

Ocean Power Technologies has recently filed its annual report on Form 10-K, revealing a net loss of $21.5 million for the fiscal year 2025, which is an improvement from the previous year's loss of $27.5 million. This financial update provides insights into the company's ongoing efforts to reduce operational costs and enhance profitability.

In a strategic move to expand its market presence, Ocean Power Technologies has signed a reseller agreement with a Latin American partner focused on the Mexican offshore and maritime markets. This partnership includes a $3 million purchase commitment for OPT's WAM-V® Unmanned Surface Vehicles, highlighting the growing demand for the company's intelligent maritime solutions. The agreement also encompasses comprehensive support services, including business development, sales, and technical support, indicating a robust and collaborative relationship.

This strategic partnership aligns with OPT's broader goal of global expansion through strategic alliances, allowing the company to leverage local expertise and relationships in emerging markets. By focusing on channel-driven growth and scalable product deployments, Ocean Power Technologies aims to solidify its position as a leader in the marine robotics sector.