Ocean Power Technologies(OPTT) - 2024 Q4 - Annual Results

Exhibit 99.1 1 Ocean Power Technologies, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Results Significant Improvement in Revenue and Gross Margin MONROE TOWNSHIP, N.J., July 25, 2024 (GLOBE NEWSWIRE) – Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter ("4Q24") and full-year ended April 30, 2024 ("FY24"). Highlights include: 4Q24 and RECENT HIGHLIGHTS ● Backlog at April 30, 2024 is $4.9 million, a 25% incr ...