Peter Gastreich's questions to Ocean Power Technologies Inc (OPTT) leadership • Q4 2025
Question
Peter Gastreich asked for a breakdown of the record backlog by product type and inquired about the recent decline in gross margin and how it is expected to evolve going forward.
Answer
President & CEO Philipp Stratmann responded that the backlog contains a 'healthy split' between buoys, vehicles, and associated services, noting a particular increase in service revenues like training. On margins, Stratmann attributed the recent decline to large-scale demonstration projects and stated that he expects margins to see an 'uptick' as the company transitions to more operational deployments and higher-margin recurring service revenues.