Ocean Power Technologies, Inc. (NYSE American: OPTT) announced preliminary financial results for the third quarter ended January 31, 2026, highlighting a backlog increase to approximately $19.9 million, a 165% rise year-over-year. The company secured a $6.5 million contract from the U.S. Department of Homeland Security, enhancing revenue visibility. Estimated revenue for the quarter is projected between $400,000 and $600,000, down from $800,000 in the previous year, with an anticipated net loss of $11.3 to $11.5 million.

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