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), traded on the Nasdaq Global Market under the symbol OCC, is a manufacturer of fiber optic and copper data communication cabling and connectivity solutions. The company regularly issues detailed press releases on its quarterly and annual financial results, making its news flow relevant for investors tracking revenue trends, margins and overall operating performance in the communications cabling space.
News about OCC often centers on its financial results for each quarter of its fiscal year, including net sales, gross profit, gross profit margin, selling, general and administrative expenses, and net income or loss. These releases frequently distinguish between enterprise and specialty markets, and between customers in the United States and outside the United States, providing insight into demand patterns across its served markets.
Another recurring news theme is OCC’s commentary on market conditions and operating leverage. Management has discussed the impact of macroeconomic pressures, periods of market weakness in its industry, and subsequent general market improvement, including strength in its military and severe duty markets. The company also reports on order backlog or forward load at various quarter-ends, which can be useful for understanding near-term demand visibility.
In addition to earnings-related updates, OCC’s news includes corporate developments such as its strategic collaboration with Lightera, LLC. The company has described this relationship as a way to expand product offerings and integrated cabling and connectivity solutions, particularly for the data center and enterprise sectors, supported by a related equity investment by Lightera.
Investors and analysts following OCC’s news can expect coverage of earnings releases, conference call announcements, strategic agreements, and other material events that the company discloses through press releases and SEC-referenced communications.
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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.
Optical Cable Corporation (Nasdaq GM: OCC) is set to announce its fourth quarter and fiscal year 2022 results on December 22, 2022, covering the period ending October 31, 2022. A conference call will follow on the same day at 10:00 a.m. ET to discuss the financial outcomes. Interested participants can join via phone or online, with a replay available until December 29, 2022. OCC specializes in fiber optic and copper data communication solutions, catering to various markets including enterprise and harsh environments.
Optical Cable Corporation (OCC) reported its third-quarter financial results for fiscal year 2022, showing a 11.2% increase in net sales to $17.4 million, and a 17.6% rise in gross profit to $4.8 million. The company noted strong demand in specialty markets, particularly wireless carriers, despite challenges in the enterprise market. The gross profit margin improved to 27.7%. However, OCC recorded a net loss of $372,000 compared to a net income of $5.4 million last year. For the first nine months, net sales rose 13.3% to $49 million, but the company faced rising costs and a net loss of $1.5 million.
Optical Cable Corporation (Nasdaq GM: OCC) will release its third quarter fiscal results on September 12, 2022, covering the three and nine-month periods ending July 31, 2022. A conference call will follow at 10:00 a.m. Eastern Time. Interested participants can dial in at (800) 225-9448 in the U.S. or (203) 518-9856 internationally, using Conference ID: OCCQ322. A replay of the call will be available until September 19, 2022, and will also be streamed live on the company's website.
Optical Cable Corporation (OCC) reported a 9.3% year-over-year increase in net sales for Q2 2022, totaling $17.2 million, driven by demand in enterprise and specialty markets. Gross profit rose 4.4% to $5.0 million, with a margin of 29.3%. However, the company faced a net loss of $228,000 or $0.03 per share, down from a profit of $3.4 million or $0.45 in Q2 2021. SG&A expenses increased to $5.0 million, reflecting higher personnel costs. The first half of 2022 saw a 14.6% revenue boost to $31.6 million, but net loss accumulated to $1.2 million.
Optical Cable Corporation (Nasdaq GM: OCC) will announce its second quarter results for fiscal year 2022 on June 13, 2022. This will cover the three- and six-month periods ended April 30, 2022. A conference call is scheduled for 10:00 a.m. Eastern Time on the same day, where analysts and investors can engage in Q&A. Participants can dial in at (800) 909-7113 (U.S.) or (785) 424-1677 (internationally) with the Conference ID: OCCQ222. A replay will be available until June 20, 2022.
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