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- **Revenue Growth & Cost Control**: FY25 revenue up 7% to $5.9M, with 27% expense reduction to $23.4M, enabling $6.7M cash and $10M debt financing.
- **Backlog Milestone**: $12.5M FY26 backlog, highest ever, fueled by defense clearance and international partnerships.
- **Strategic Expansion**: ISO 9001 certification and AUVSI Trusted Operator status enhance credibility, with WAM-Vs in Navy's Overmatch program.
- **Gross Margin Recovery**: Services and operational contracts expected to drive margin improvement, offsetting demo project costs.
- **Execution Confidence**: Streamlined operations, new commercial team, and stable defense environment position FY26 for growth.

**【CFO Financial Summary】**
- **Revenue Growth**: $5.9 million for FY25, up 7% from FY24, driven by Latin America expansion.
- **Cost Efficiency**: Operating expenses reduced by 27% to $23.4 million, with $8.8 million savings from headcount and expense optimization.
- **Liquidity**: $6.7 million cash as of April 2025, plus $10 million unsecured debt financing post-year-end.
- **Cash Flow**: Net cash used in operations improved 38% to $18.6 million, reflecting cost management.

**【CEO Strategic Highlights】**
- **Backlog Record**: $12.5 million entering FY26, highest in company history, reflecting defense and commercial contracts.
- **Defense Expansion**: U.S. DoD Secret clearance enables classified work, with WAM-V platforms in Navy's Project Overmatch.
- **Partnerships**: Collaborations with Red Cat, Teledyne, and regional integrators to accelerate market access.
- **Certifications**: ISO 9001 quality management system and AUVSI Trusted Operator status enhance credibility.
- **Product Portfolio**: Diversified revenue from PowerBuoys, WAM-Vs, Merrows, and services like training.

**【Q&A Key Highlights】**
- **Pipeline Breakdown**: Backlog split between hardware (buoys, vehicles) and services (training, deployment support).
- **Capacity for Growth**: Flexible manufacturing layout in NJ and CA facilities allows scalable production without excess inventory.
- **Gross Margin Outlook**: Expect improvement as operational contracts replace demonstration projects, with services driving higher margins.
- **Conversion Confidence**: New commercial team and stable U.S. defense leadership boost pipeline conversion rates.


Ocean Power Technologies, Inc. (OPTT) Q4 2025 Earnings Conference Call Transcript

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Ocean Power Technologies - Ordinary Shares - Reg S (OPTT)-14 Mar 24-2024 Q3 Earnings call transcript

Ocean Power Technologies - Reg S (OPTT)-14 Dec 23-2024 Q2 Earnings call transcript

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Ocean Power Technologies - Reg S (OPTT)-13 Jul 23-2023 Q4 Earnings call transcript

Ocean Power Technologies - Reg S (OPTT)-15 Dec 22-2023 Q2 Earnings call transcript

Ocean Power Technologies - Reg S (OPTT)-13 Sep 22-2023 Q1 Earnings call transcript

Ocean Power Technologies - Reg S (OPTT)-14 Jul 22-2022 Q4 Earnings call transcript

Ocean Power Technologies - Reg S (OPTT)-15 Mar 22-2022 Q3 Earnings call transcript

Ocean Power Technologies - Reg S (OPTT)-15 Dec 21-2022 Q2 Earnings call transcript

Ocean Power Technologies - Reg S (OPTT)-9 Mar 21-2021 Q3 Earnings call transcript

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