Ocean Power Technologies, Inc. (NYSE American: OPTT) reported an EPS of -$0.06, below EPS estimates of -$0.02 and fell short on revenue expectations with $424,000 against an estimated $2.5 million.The company has seen a significant increase in its backlog to approximately $15 million, indicating strong demand for its products and services.Despite strategic advancements and partnerships, Ocean Power Technologies faces financial challenges with a negative P/E ratio of approximately -20.49 and a high price-to- ...