Welcome to our dedicated page for Optical Cable news (Ticker: OCC), a resource for investors and traders seeking the latest updates and insights on Optical Cable stock.
Optical Cable Corporation (OCC) delivers mission-critical fiber optic and copper connectivity solutions for enterprise, industrial, and defense applications. This page provides investors and industry professionals with timely access to official company announcements, financial updates, and operational developments.
Track OCC's latest news including product innovations, strategic partnerships, and market expansions. Our curated repository ensures you stay informed about developments in harsh-environment cabling systems, enterprise network solutions, and MIL-STD-certified technologies.
Discover press releases covering earnings reports, leadership updates, and manufacturing advancements from OCC's ISO 9001:2015-certified facilities. All content is sourced directly from the company to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to OCC's evolving role in data communication infrastructure. Check regularly for updates on connectivity solutions serving defense, energy, and enterprise markets worldwide.
Optical Cable Corporation (Nasdaq: OCC) reported a strong first quarter for fiscal year 2023, with net sales increasing by 26.6% to $18.3 million from $14.4 million year-over-year. Gross profit surged 61.2% to $6.5 million, resulting in a gross profit margin of 35.7%, up from 28.0%. The company also achieved a net income of $810,000 or $0.10 per share, a turnaround from a net loss of $936,000 in Q1 2022. SG&A expenses rose to $5.5 million, accounting for 29.8% of net sales, down from 33.1%.
Optical Cable Corporation (OCC) will release its first quarter fiscal year 2023 results on March 13, 2023, covering the three-month period ending January 31, 2023. A conference call will be held at 10:00 a.m. Eastern Time the same day for analysts and investors, with the option to submit questions in advance. OCC is a prominent manufacturer of fiber optic and copper data communication cabling, focusing on both enterprise and specialty markets, and is recognized for its innovative communication technologies. The company is headquartered in Roanoke, Virginia, with facilities certified by ISO 9001:2015 and MIL-STD-790G.
Optical Cable Corporation (Nasdaq GM: OCC) reported a strong fiscal year 2022, with net sales increasing by 16.8% to $69.1 million and a 31.0% rise in fourth-quarter gross profit to $6.6 million. The fourth quarter saw net sales grow 26.3% sequentially, bolstered by demand and production efficiency. Despite challenges from COVID-19 impacting supply chains, the company recorded a net income of $1.2 million for the fourth quarter, reversing a previous loss. However, the annual net loss stood at $347,000.
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