Ocean Power Technologies, Inc. reported earnings results for the first quarter ended July 31, 2023. For the first quarter, the company reported sales was USD 1.27 million compared to USD 0.714 million a year ago. Net loss was USD 7.04 million compared to USD 5.85 million a year ago.

Basic loss per share from continuing operations was USD 0.12 compared to USD 0.1 a year ago.