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Ocean Power Technologies OPTT Contract Assets
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Where this comes from
Reported directly by Ocean Power Technologies in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.
The source filing: Ocean Power Technologies’s 8-K, filed July 23, 2026. Open the filing →
- Filed
- Jul 23, 2026, 4:56 PM EDT
- Accession
- 0001493152-26-034425
FAQ
- What is Ocean Power Technologies's contract assets?
- Ocean Power Technologies (OPTT) reported contract assets of $716K in Q1 2026.
- How has Ocean Power Technologies's contract assets changed year-over-year?
- Ocean Power Technologies's contract assets decreased by 34.2% year-over-year, from $1.09M to $716K.
- What is the long-term trend for Ocean Power Technologies's contract assets?
- Over 5 years (2021 to 2026), Ocean Power Technologies's contract assets has grown at a 30.4% compound annual growth rate (CAGR), from $190K to $716K.
- What does contract assets mean?
- Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.
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