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Ocean Power Technologies adjusts 2026 annual figures after audit

Ocean Power Technologies has revised its financial results for the year ended April 30, 2026, following additional reviews: revenue fell from $4.1 million to $3.7 million, gross loss improved from $8.1 million to $5.9 million, and operating loss decreased by about $1.5 million. However, net loss for 2026 increased from $43.7 million to $48.9 million; the 2025 net loss also rose by around $3.0 million due to a fair-value valuation of a financial instrument. The adjustments stem from changes in accounting treatment during the audit and do not affect cash balances or existing customer contracts. » More on de.investing.com