Ocean Power Technologies flags going concern qualification in 2026 audit report

Ocean Power Technologies said its financial statements in the Annual Report on Form 10-K for the year ended April 30, 2026, included an audit report from its Independent Registered Public Accounting Firm with an explanatory paragraph emphasizing a going concern qualification (audit warning about continued operations). The disclosure is required by Section 610(b) of the NYSE American Company Guide and does not change or amend the company’s fiscal 2026 filings. OPT provides maritime infrastructure and autonomous ocean systems, including Merrows™, PowerBuoy® platforms, WAM-V® unmanned surface vessels and marine robotics services, for defense and security, oil and gas, science and research, and offshore wind markets. The company said its release contains forward-looking statements subject to assumptions, estimates, risks and uncertainties, and referred investors to its filings with the U.S. Securities and Exchange Commission.

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Ocean Power Technologies flags going concern qualification in 2026 audit report - CoinPost Terminal