Ocean Power Tech

Q1 FY2027 EarningsQ1 FY27 revenue of $1.70M missed the consensus of $1.84M, while GAAP EPS of -$1.28 was significantly worse than the expected -$0.90. The variance was driven by a massive gross margin collapse to -166.2% due to one-time contract losses and a $2.2M charge for IP acquisition. Despite a $4.9M non-cash gain from warrant revaluation, liquidity remains critical with $10.2M in cash burned during the quarter and an active going concern warning.