Ocean Power Technologies’ (OPTT) CEO George Kirby on Q4 2017 Results – Earnings Call Transcript

Ocean Power Technologies, Inc. (NASDAQ:OPTT)

Q4 2017 Results Earnings Conference Call

July 17, 2017, 03:30 PM ET

Executives

Andrew Barwicki – IR

George Kirby – President and CEO

Matthew Shafer – CFO

Analysts

Peter Ruggiere – Dawson James

Operator

Good afternoon ladies and gentlemen, and welcome to the Fourth Quarter and Fiscal Year 2017 Ocean Power Technologies Conference Call. My name is Latoya, and I will be your coordinator for today. at this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.

I would now like to turn the presentation over to your host for today’s call, Mr. Andrew Barwicki.

Andrew Barwicki

Good afternoon and thank you for joining us on Ocean Power Technologies conference call and webcast to discuss the financial results for the fiscal year ended April 30, 2017.

On the call with me today are George Kirby, President and CEO, and Matthew Shafer, Chief Financial Officer. George will provide an update on the Company’s highlights and key activities for fiscal 2017. Matthew will then review the financial results for the fourth quarter and full year. Following our prepared remarks, we will open the call to questions. This call is being webcast on our website at www.oceanpowertechnologies.com and will be available for replay later today. The replay will stay on the website for on-demand review over the next several months.

Last Friday, Ocean Power Technologies issued its earnings press release and filed its Annual Report on Form 10-K with the Securities and Exchange Commission. All of our public filings can be viewed on the SEC website at sec.gov or on the OPT website.

During the course of this conference call, management may make projections or other forward-looking statements regarding future events or financial performance of the Company within the meaning of…

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