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.
Optical Cable Corporation (Nasdaq GM: OCC) will release its fourth quarter and fiscal year 2020 results on December 21, 2020. These results cover the three-month and twelve-month periods ending October 31, 2020. A conference call is scheduled for 10:00 a.m. Eastern Time on the same day, during which analysts and investors can ask questions. Interested parties can participate by calling designated numbers or via the company's website.
Optical Cable Corporation (Nasdaq: OCC) reported a challenging third quarter ending July 31, 2020, with consolidated net sales of $13.6 million, down 21.5% from $17.4 million a year ago, largely due to the impact of COVID-19. Gross profit also fell by 22.7% to $3.5 million, resulting in a gross profit margin of 25.5%. The company incurred a net loss of $1.4 million, or $0.20 per share, compared to a loss of $1.1 million last year. Year-to-date, total sales dropped 22.0% to $41.4 million. OCC refinanced its credit facility, securing $18 million for working capital needs.
Optical Cable Corporation (Nasdaq GM: OCC) will release its third quarter results for fiscal year 2020 on September 10, 2020, covering the periods ending July 31, 2020. A conference call will be held on the same day at 10:00 a.m. Eastern Time for analysts and investors to discuss the results. Interested participants can join via a dedicated phone line or listen online at www.occfiber.com. A replay will be available until September 17, 2020.