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 manufactures fiber optic and copper data communication cabling and connectivity solutions for enterprise, data center, wireless carrier, harsh environment and specialty markets. Its updates commonly cover quarterly and annual results, net sales trends, gross profit, manufacturing operating leverage and demand conditions across enterprise, military, severe duty and other target markets.
Company news also includes conference-call announcements, product-solution initiatives and strategic collaboration activity, including the relationship with Lightera to expand offerings for data center and enterprise customers. OCC describes its products as integrated suites that operate as system solutions or integrate with other network components.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.